Cost Estimators

People in this career focus on gathering and analyzing data to estimate the physical and financial characteristics of products, services, or projects. On a daily basis, cost estimators work with computers, process information, and solve complex problems to help management make critical financial decisions. They must communicate regularly with supervisors, peers, and subordinates to share information and build strong working relationships.

Succeeding in this role requires strong skills in mathematics, reading comprehension, active listening, and critical thinking. Estimators need a solid understanding of economics, accounting, computers, and engineering technology. Depending on their industry, knowledge of building, construction, and design is also highly valuable. This career appeals to individuals with conventional interests who appreciate structured tasks. Key work styles for this job include a high attention to detail, dependability, cautiousness, and the perseverance to solve difficult problems under stress.

Entering this field typically requires a bachelor's degree along with several years of related work experience. Students preparing for this career often major in business administration, management and operations, general business, mechanical engineering, construction engineering, materials engineering, manufacturing engineering, or construction engineering technology.

While not always mandatory, professional certifications can help candidates demonstrate their expertise. Relevant options include the Certified Cost Estimator/Analyst and the Professional Cost Estimator/Analyst, both offered by the International Cost Estimating and Analysis Association, as well as the Certified Cost Technician credential from AACE International, Inc. Additionally, some states list specific licensing requirements for professionals performing this work.

In 2025, the median annual pay for cost estimators was $78,740. Earnings vary based on experience and industry, with the lowest 10 percent of workers earning less than $48,530 and the highest 10 percent earning more than $130,820.

There are 224,220 people employed in this field. Between 2025 and 2035, employment is projected to decline by -3.1%. Despite this projected decrease in total jobs, the field is still expected to offer approximately 17,600 job openings each year.