To work as a cost engineer, you’ll need both a college education and on-the-job training. The college degree you earn should be directly related to the industry you want to work in, which is usually construction or manufacturing. It also helps to have additional math and computer classes to attract the attention of potential employers.
A cost engineer’s main responsibility is to keep a large project’s costs under control while maintaining quality and structural integrity. Multiple contractors need materials purchased at the lowest prices to ensure the job generates a profit, so construction is a common industry for a cost engineer’s skills. Building science and construction management are two college majors that can lead to a career in the construction industry. Cost estimating is covered in both majors, with construction being the primary focus.
To work as a cost engineer in the manufacturing industry, you’ll typically need a bachelor’s degree in engineering, math, or economics. Producing a product from raw materials necessitates balancing the overall cost with any waste that may arise, such as from a malfunctioning machining device. For a successful business strategy, a college degree will enable you to apply estimating theories to future material purchases.
To become a cost engineer, you should take additional math and computer classes in addition to the college major’s main course requirements. Many mathematical formulas must be applied when estimating future business project requirements; math courses will solidify the equation and solving process, making day-to-day estimating duties simple and accurate. Furthermore, computer classes will familiarize you with cost estimating software, allowing a prospective employer to trust your ability to navigate a complex database.
Some college students who have earned an undergraduate degree go on to earn a master’s degree. To work as a cost engineer, many employers look for people who have earned a master’s degree. If you want to run or manage a cost estimating company, you should get a master’s degree in either construction management or engineering.
To become a cost engineer, most workers must complete hands-on training, even if they have a degree. The experienced estimator explains and notes each step in the estimation process for future reference. Because each company’s cost-estimating process is slightly different, on-the-job training is one of the most crucial aspects of becoming a successful cost engineer.
Although cost estimating certification is not required in the United States, many potential employers prefer certified employees over non-certified employees. Keep in mind that certification requires passing a written exam as well as proof of experience. Before being certified, the cost engineer may be required to write an article about the estimating industry.