Career overview

Cost Estimators

O*NET-SOC 13-1051.00

Median pay / yr$77,070

OutlookBelow Average

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.

What it takes

The skills, knowledge, and credentials employers look for in Cost Estimators.

Skills employers look for

MathematicsUsing mathematics to solve problems.
Reading ComprehensionUnderstanding written sentences and paragraphs in work-related documents.
SpeakingTalking to others to convey information effectively.
Active ListeningGiving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Critical ThinkingUsing logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

Knowledge areas

MathematicsKnowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Economics and AccountingKnowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Computers and ElectronicsKnowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Engineering and TechnologyKnowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
Building and ConstructionKnowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.