Jobs Outlook: Cost Estimators
Overall employment of cost estimators is expected to grow about as fast as the average for all occupations through the year 2012. In addition to openings created by growth, some job openings will arise from the need to replace workers who transfer to other occupations or leave the labor force. In construction and manufacturing—the primary employers of cost estimators—job prospects should be best for those with industry work experience and a bachelor’s degree in a related field.
Growth of the construction industry, in which 53 percent of all cost estimators are employed, will be the driving force behind the demand for these workers. Construction and repair of highways, streets, and bridges, as well as construction of more subway systems, airports, water and sewage systems, and electric power plants and transmission lines, will stimulate demand for many more cost estimators. The increasing population and its changing demographics that will boost the demand for residential construction and remodeling also will spur demand for cost estimators. As the population ages, the demand for nursing and extended care facilities will increase. School construction and repair also will add to the demand for cost estimators. Job prospects in construction should be best for cost estimators with a degree in construction management or construction science, engineering, or architecture, and who have practical experience in various phases of construction or in a specialty craft area.
Employment of cost estimators in manufacturing will also grow, but not as fast as in construction as firms continue to use their services to identify and control operating costs. Experienced estimators with degrees in engineering, science, mathematics, business administration, or economics should have the best job prospects in manufacturing.