What they do
|
Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
|
| |
| Also called: |
|
Acquisition Cost Estimator, Analyst, Construction Estimator, Cost Analyst, Cost Consultant, Cost Engineer, Cost Estimating Analyst, Cost Estimator, Estimating Specialist, Estimator
|
| |
|
|
|
| |
Wages
|
|
| Vermont - 2023 |
| Percentile1 | Hourly | Yearly |
| 10% |
$ 26.67 |
$55,470 |
| 25% |
$ 29.27 |
$60,880 |
| Median |
$ 36.41 |
$75,730 |
| 75% |
$ 40.20 |
$83,610 |
| 90% |
$ 52.50 |
$109,200 |
|
| Average |
$ 37.38 |
$77,760 |
|
|
| More at CareerOneStop |
|
| | |
Industries of Employment
| United States - 2020 |
| Industry | Percent of total |
- Specialty trade contractors
| 36% |
- Construction of buildings
| 18% |
| 7% |
- Heavy and civil engineering construction
| 6% |
- Professional, scientific, and technical services
| 4% |
| More at BLS |
|
|
| |
Knowledge
| People in this career often know a lot about: |
- Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
|
- Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
|
- Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
|
- Engineering and Technology
Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
|
- Building and Construction
Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
|
| More at O*NET |
|
|
| |
Skills
| People in this career often have these skills: |
- Mathematics
Using mathematics to solve problems.
|
- Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
|
- Speaking
Talking to others to convey information effectively.
|
- Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
|
- Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
|
| More at O*NET |
|
|
| |
Interests
| People in this career often prefer these work environments: |
- Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
|
- Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
|
| What are your interests? Take the O*NET Interest Profiler |
|
|
| |
Work Styles
| People in this career will do well at jobs that need: |
- Attention to Detail
Job requires being careful about detail and thorough in completing work tasks.
|
- Integrity
Job requires being honest and ethical.
|
- Analytical Thinking
Job requires analyzing information and using logic to address work-related issues and problems.
|
- Dependability
Job requires being reliable, responsible, and dependable, and fulfilling obligations.
|
- Cooperation
Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
|
| More at O*NET |
|
|
| |
Tasks
| On the job, you would: |
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
|
- Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
|
- Collect historical cost data to estimate costs for current or future products.
|
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
|
- Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
|
| More at O*NET |
|
|
| |
| Related Occupations
|
| |
|
|
| Career Video
|
| |
Projected Employment
|
|
| Vermont |
| 2020 employment |
235 |
| 2030 employment |
245 |
Annual percent change
(compounded) |
0.4% |
Annual projected job openings
(due to change and separations) |
22 |
| More at Occupational Projections |
|
| | |
Education and Experience:
- Typical education needed for entry
Bachelor's degree
|
- Work experience in a related occupation
None
|
- Typical on-the-job training needed to attain competency
Moderate-term on-the-job training
|
| Based on BLS Education and Training Classifications |
|
|
| |
Physical Work Activity
Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling materials.
|
- Physical activity is Somewhat Important
|
|
|
|
| Low |  | High |
|
|
|
| Compare Occupations at O*NET |
|
|
| |
Job Zone
| Considerable Preparation Needed |
- Specific Vocational Preparation Range
(7.0 to < 8.0) - A typical worker will require
over 2 years up to and including 4 years
of training to achieve average performance in this occupation.
|
| Based on O*Net Job Zones and SVP |
|
|
| |
Education Level
| How much education do most people in this career have? |
| Education level |  | Percent of
U.S. Workers |
Doctoral or professional degree
or post-MA certificate | | 0% |
Master's degree or
post-BA certificate | | 5% |
| Bachelor's degree | | 82% |
| Associate's degree | | 9% |
Certificate or some college,
no degree | | 0% |
High school diploma
or equivalent | | 5% |
| Less than high school diploma | | 0% |
| More at O*NET |
|
|
| |
Abilities
| People in this career often have talent in: |
- Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
|
- Mathematical Reasoning
The ability to choose the right mathematical methods or formulas to solve a problem.
|
- Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
|
- Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
|
- Number Facility
The ability to add, subtract, multiply, or divide quickly and correctly.
|
| More at O*NET |
|
|
| |
Work Activities
| In general, what you might do: |
- Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
|
- Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
|
- Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
|
- Estimating the Quantifiable Characteristics of Products, Events, or Information
Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
|
- Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
|
| More at O*NET |
|
|
| |
Detailed Work Activities
| What you might do in a day: |
- Estimate costs of goods or services.
|
- Confer with others about financial matters.
|
- Analyze business or financial data.
|
- Assess the cost effectiveness of products, projects, or services.
|
- Monitor financial indicators.
|
| More at O*NET |
|
|
| |
Other Resources
|
- CareerOneStop
resource for job seekers, students, businessess and career professionals
|
- O*NET Online
nation's primary source of occupational information
|
|
|
|
|
| |
|
