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Job Roles

Explore Job Roles: Cost Estimators

Learn about the average salary, relevant studies, and common path after college to becoming a Cost Estimator.

What is a Cost Estimator?

Cost Estimators are people who analyze data in order to calculate the cost for time, money, labor and materials. Generally, they work in targeted industries for their individual specialty.

Where does a Cost Estimator work?

  • Offices
  • Construction sites

How much does a Cost Estimator make?

Based on real new grad salaries reported through Handshake, the median annual salary for a cost estimator is $50,775.

What majors are typically interested in becoming Cost Estimators?

One’s major doesn’t necessarily determine their career, but these are some common majors of those who end up pursuing cost estimation jobs.

  • Finance majors
  • Business majors
  • Engineering majors

Cost Estimators skills and competencies:

On top of a relevant degree and formal training, here are some professional skills that can help aspiring Cost Estimators succeed in their work:

  • Strong analytical skills
  • Organized
  • Strong interpersonal communication skills

What are some common questions about Cost Estimators?

Q: How do I become a cost estimator?

A: Most companies hiring cost estimators will likely hire candidates with bachelor’s degrees. Great majors to consider would be engineering or business majors.

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