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Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service. They generally specialize in a particular product or industry.  Accurately estimating the costs of construction and manufacturing projects is vital to the survival of businesses. Cost estimators provide managers with the information they need in order to submit competitive contract bids or price products appropriately.

Estimators analyze production processes to determine how much time, money, and labor a project needs. Their estimates account for many factors, including allowances for wasted material, bad weather, shipping delays, and other variables that can increase costs and lower profitability.

Work Environment:
Cost estimators held about 213,500 jobs in 2014. The industries that employed the most cost estimators were construction, building equipment contractors and manufacturing.

How to Become a Cost Estimator:
Employers generally prefer candidates who have a bachelor’s degree. A strong background in mathematics is essential.  Construction cost estimators typically need a bachelor’s degree in an industry-related field, such as construction management, building science, or engineering.  Those interested in estimating manufacturing costs typically need a bachelor’s degree in engineering, business, or finance.

The median annual wage for cost estimators was $60,390 in May 2015. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $34,720, and the highest 10 percent earned more than $100,570.

For more info CLICK HERE.


Richmond, VA


We’re a liberal arts school at our core, seamlessly integrating arts and sciences, business, leadership studies, and even law, into the undergraduate curriculum. We breed critical thinkers and smart workers with the skills demanded by today’s employers and graduate schools. Within six months of graduation, 94 percent are employed.
We offer the resources of a large research university, but the intimacy of a small college. Millions in faculty research grants, and plenty of chances for students to work alongside. An 8:1 student-faculty ratio and mentors for life. Summer internship or research funding for every undergraduate — guaranteed.

We’re private, but also affordable. Financial need isn’t a factor in admissions decisions. And then we pay 100% of what the family cannot.

Our students come from — and go to — every part of the world, but they’ll always have a home on our beautiful suburban campus. We’re just six miles from, and deeply connected to, the dynamic capital city we call home — Richmond, Virginia.

Website: http://www.richmond.edu/

Quick Facts:

  • In 2015, Richmond tied for first in the bachelor’s institutions category of universities producing the most Fulbright U.S. Scholars
  • There are over 60 undergraduate majors
  • 16 students avg. per class 8:1 student-faulty ratio
  • 90 miles from Washington, D.C.
  • 350- acre suburban campus
  • #17 of 100 best value private liberal arts college
  • #26 among national liberal arts college- U.S. News & World Report
  • 187 Student Organizations
  • Undergraduate represent 46 states, D.C., Puerto Rico, Virgin Islands, and 69 other countries.

 Financial Aid:

  • 100% financial aid need met
  • 42% of undergraduates are eligible for need based aid
  • Offers 50 merit-based, full tuition scholarships to students. Approx 1 out of 15 students receive this
Tuition and Fees:
  • $50,910- Tuition
  • $5,440- Room and Board
  • $6,380 Meals
  • $62,730 avg. total

Admitted Student Profile:

  • 32% acceptance rate
  • Avg. ACT 29-32
  • Avg. SAT 1220-1430
  • CLICK HERE for more information on Admitted Students!
Admissions Office:
Queally Center for Admission and Career Services
30 UR Drive
University of Richmond, VA 23173