How do i become a Cost Estimator?
To become a Cost Estimator, you typically need a bachelor's degree in a relevant field such as construction management, engineering, or finance. Gaining industry experience through entry-level roles helps you understand the processes and costs involved. Developing strong analytical, mathematical, and computer skills is essential, as is learning to use cost estimation software. Optional certifications can enhance your credentials. Networking and staying current with industry trends can help you break into the field.
Earn a relevant bachelor's degree
Obtain a bachelor's degree in fields such as construction management, engineering, finance, or a related discipline.
Gain industry experience
Work in entry-level positions in construction, manufacturing, or engineering to understand industry processes and costs.
Develop analytical and math skills
Strengthen your analytical, mathematical, and computer skills, as these are essential for estimating costs accurately.
Learn cost estimation software
Become proficient in industry-standard software like Microsoft Excel, Bluebeam, or specialized cost estimating tools.
Pursue certifications (optional)
Consider obtaining certifications such as the Certified Cost Professional (CCP) from AACE International to enhance your credentials.
Apply for cost estimator positions
Look for job openings and apply for cost estimator roles in your chosen industry.
Typical requirements of a Cost Estimator
Bachelor's degree
A bachelor's degree in a relevant field is typically required.
Industry experience
Experience in construction, manufacturing, or engineering is often preferred.
Analytical and math skills
Strong analytical and mathematical abilities are essential.
Proficiency with estimation software
Familiarity with cost estimation and spreadsheet software is important.
Attention to detail
High attention to detail is necessary for accurate cost projections.
Alternative ways to become a Cost Estimator
Start as a construction or manufacturing technician
Begin in a hands-on technical role and transition into cost estimation through on-the-job training.
Move from project management
Project managers with strong budgeting experience can shift into cost estimation roles.
Pursue vocational training
Complete a vocational program in construction or engineering technology and gain experience to move into cost estimation.
Gain experience as a purchasing agent
Work in procurement or purchasing to develop cost analysis skills relevant to estimation.
How to break into the industry as a Cost Estimator
Network with industry professionals
Attend industry events and connect with professionals to learn about job opportunities.
Seek internships or apprenticeships
Gain practical experience through internships or apprenticeships in cost estimation or related fields.
Build a strong resume
Highlight relevant education, skills, and experience in your resume.
Join professional organizations
Become a member of organizations like AACE International to access resources and job boards.
Stay updated on industry trends
Keep up with new technologies and methods in cost estimation.