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.
Cost estimators work mostly in offices, and some estimators also visit construction sites and factory floors. They may sometimes work overtime to meet deadlines.
A bachelor's degree is generally required to become a cost estimator, although some highly experienced construction workers may qualify without a bachelor's degree. A strong background in mathematics is essential.
The median annual wage for cost estimators was $60,390 in May 2015.
Employment of cost estimators is projected to grow 9 percent from 2014 to 2024, faster than the average for all occupations. Overall job opportunities should be good as companies require accurate cost estimates to operate efficiently.
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Learn more about cost estimators by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.