Cost Estimators

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 prepare cost estimates for use by builders, manufacturers, and business managers. According to the Bureau of Labor Statistics, employment of cost estimators is rising much faster than the national average for all occupations. They are primarily employed by building equipment contractors, building constructors, and building contractors.

In 2012, U.S. cost estimators earned national median wages of $28.30 per hour, or $58,900 per year, in a quickly growing job market. In 2010, 185,400 cost estimators were employed in the U.S., a figure set to rise to 252,900 by 2020, in a 36% increase creating 10,300 new jobs. Opportunities for cost estimators in North Carolina are set to increase by 25% over the same period. A glance at the many jobs currently available at both the national and local levels reveals a career path rich with opportunity.

If you are interested in a career in cost estimation, NC State, with one of the oldest and most respected statistics programs in the nation, can help. Most cost estimation jobs require a bachelor’s degree. After earning your BS in Statistics on NC State’s campus in Raleigh, you will be ready if you choose to go further, pursuing your MS in Statistics online.

Education Required:

Highest level of education associated with this occupation.

#Education Level%
0Some College Courses7
1Associate's Degree (or other 2-year degree)14
2Bachelor's Degree64
3Master's Degree7

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