Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service. They generally specialize in a particular product or industry. They 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. Cost estimators work mostly in offices, and some estimators also visit construction sites and factory assembly lines. Most work full time. Some must work overtime to meet deadlines. Most cost estimators need a bachelor’s degree, although some workers with several years of experience in construction may qualify without a bachelor’s degree in mathematics is essential. The median annual wage for cost estimators was $63,110 in May 2017. Employment of cost estimators is projected to grow 11 percent from 2016 to 2026, faster than the average for all occupations. Overall job opportunities should be good because companies require accurate cost estimates in order to operate profitably.
Conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants. The median annual wage for management analysts was $82,450 in May 2017. Employment of management analysts is projected to grow 14 percent from 2016 to 2026, faster than the average for all occupations. Demand for the services of these workers should grow as organizations continue to seek ways to improve efficiency and control costs.
Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as bio-statistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians. The median annual wage for statisticians was $84,060 in May 2017. Employment of statisticians is projected to grow 27 percent from 2012 to 2022, much faster than the average for all occupations. Overall employment of statisticians is projected to grow 33 percent from 2016 to 2026, much faster than the average for all occupations. Businesses will need these workers to analyze the increasing volume of digital and electronic data.
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