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.

Business Breakdown

People in this career work in these sectors.

  1. Private, for profit89.11%
  2. Self-employed8.10%
  3. State and local government0.96%
  4. Federal government0.96%
  5. Private, not for profit0.67%

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

Job Outlook

Employment of cost estimators is projected to show little or no change from 2020 to 2030. Despite limited employment growth, about 17,800 openings for cost estimators are projected each year, on average, over the decade. Most of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

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Salary

Average Salary

Salary

$66,610

State-by-state Salary

Gray states indicate no data available

$111,180
$53,110
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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