The Office of Career Services
Library Building, Room 429 & 430
222-05 56th Avenue
Bayside, NY 11364
Phone: (718) 631-6297
Cost Analysis Engineer
|Overview:||Cost analysis engineers work with product design engineers to choose the optimum combination of materials, methods & components that go into new products. They examine the components to determine whether the quality & purpose justify the cost. They recommend design changes where necessary.|
|Duties:||Analyze and critique the components of products being designed by research and development engineers. They decide whether the individual components & products will meet quality & cost goals.
Conduct performance tests of product components to determine under what conditions they malfunction or fail. Tests are run under different temperatures, humidity and usage patterns.
They confer with human factors engineering psychologists to determine the 'user-friendliness' of a product, that is... how convenient it is to use.
Suggest to research and development engineers design changes or the substitution of product components to get the price down and the quality up.
|Degree(s):||A.S. Engineering Science
|Job Outlook:||Employment in this field is expected have little or no change from 2014 to 2024. For comparison, the average growth rate for all occupations over the same time period is projected to be 5% to 8%.|
|Salary Range (National Average):||$42,000 to $48,000|
|Education Level:||Typically, a Bachelor’s Degree from a 4-year college (some are 5 years) is required to be considered for this occupation.|
|Additional Training/Education:||A bachelor's degree in engineering is the usual requirement for an entry position, however, an associate degree in engineering is sometimes acceptable. Your choice of engineering courses depends upon the industry you consider. In the manufacturing industry, a mechanical or industrial engineering degree is appropriate, while in the construction industry, a civil engineering degree would be appropriate. A knowledge of statistical and computer applications is essential.|
|Advancement Info:||With many years of experience, Cost Analysis Engineers can advance to working as chief estimators or project managers. Their best way to advance is through successful work where they gain a reputation for accuracy and integrity. This will allow them to have enough clients to be self-employed if they choose.|
* National data collected by the Department of Labor in 2014 with projections through 2024. For New York green job information please click here.
Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services to fully understand the opportunities available through study in their degree program.