They generally specialize in a particular product or industry. Learn more about cost estimators by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.Ĭost estimators often collaborate with engineers.Ĭost estimators collect and analyze data in order to assess the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service. More Information, Including Links to O*NET Similar OccupationsĬompare the job duties, education, job growth, and pay of cost estimators with similar occupations. Job OutlookĮmployment of cost estimators is projected to decline 2 percent from 2021 to 2031.ĭespite declining employment, about 18,500 openings for cost estimators are projected each year, on average, over the decade.Īll of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.Įxplore resources for employment and wages by state and area for cost estimators.
The median annual wage for cost estimators was $65,170 in May 2021. How to Become a Cost EstimatorĬost estimators typically need a bachelor’s degree to enter the occupation, although workers with several years of experience in construction sometimes qualify in that industry without a degree. Most cost estimators work full time, and some work more than 40 hours per week. Work EnvironmentĬost estimators work mostly in office settings, and some estimators also visit construction sites and factory assembly lines. Quick Facts: Cost EstimatorsĬost estimators collect and analyze data in order to assess the time, money, materials, and labor required to make a product or provide a service. Please enable javascript to play this video.
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