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List of Careers

Cost Estimators

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.

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Experience

A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education

Most of these occupations require a four-year bachelor's degree, but some do not.

Training

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Tasks

Analyzes blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates.
Prepares estimates used for management purposes, such as planning, organizing, and scheduling work.
Prepares estimates for selecting vendors or subcontractors and determining cost-effectiveness.
Reviews data to determine material and labor requirements and prepares itemized list.
Prepares time, cost, and labor estimates for products, projects, or services, applying specialized methodologies, techniques, or processes.
Conducts special studies to develop and establish standard hour and related cost data or to effect cost reduction.
Computes cost factors used for preparing estimates for management and determining cost-effectiveness.
Consults with clients, vendors, or other individuals to discuss and formulate estimates and resolve issues.

National Average Salary

$50,450.00/year

Average Salary in Maryland

$49,690.00/year

Important Abilities

   1. Number Facility
   2. Written Comprehension
   3. Mathematical Reasoning
   4. Oral Expression
   5. Oral Comprehension

General Work Activities

   1. Processing Information
   2. Estimating Needed Characteristics
   3. Getting Information Needed to Do the Job
   4. Analyzing Data or Information
   5. Identifying Objects, Actions, and Events

Important Skills

   1. Information Gathering
   2. Mathematics
   3. Reading Comprehension
   4. Writing
   5. Active Learning

Frequent Work Context

   1. Consequence of Error
   2. Importance of Being Exact or Accurate
   3. Importance of Being Sure All Is Done
   4. Indoors
   5. Sitting

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MarylandMentor Institutions Offering Related Majors

Allegany College of Maryland
Bowie State University
Capitol College
Cecil Community College
Chesapeake College
College of Notre Dame of Maryland
College of Southern Maryland
Columbia Union College
Community College of Baltimore County - Dundalk
Frostburg State University
Goucher College
Hood College
Johns Hopkins University
Loyola College in Maryland
McDaniel College
Montgomery College - Rockville
Morgan State University
Mount Saint Mary's College and Seminary
Salisbury State University
Sojourner-Douglass College
Towson University
University of Baltimore
University of Maryland - Baltimore County
University of Maryland - College Park
University of Maryland - Eastern Shore
University of Maryland - University College
Villa Julie College
Washington College

The majors and institutions listed here are based on the current information in our database. Please be aware this information may be subject to change. We strongly encourage you to consult with your career counselor.

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