Cost Estimators

General Information

Description

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.

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Building Equipment Contractors
  • Nonresidential Building Construction
  • Foundation, Structure, and Building Exterior Contractors

Job Outlook

Employment of cost estimators is projected to grow 11 percent from 2016 to 2026, faster the average for all occupations. There will continue to be demand for cost estimators because companies need accurate cost projections to ensure that their products and services are profitable. Growth in the construction industry is expected to create the majority of new jobs for cost estimators, particularly in the specialty trade contractors industries.

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Salary

Average Salary

Salary

$77,410

State-by-state Salary

Gray states indicate no data available

$88,930
$30,100
No Information for this section

Education

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 63%
  • Master's degree 18%
  • Post-secondary certificate 9%
  • High school 4%
  • Associate's degree 4%
  • Some college 0%
  • Doctoral degree 0%
  • Post baccalaureate 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%

Knowledge

  • Mathematics
  • Building and Construction
  • Engineering and Technology
  • Computers and Electronics
  • Administration and Management

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
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