DETAILED OCCUPATION DATA

Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
EDR 7E- East Central	80	9	$35.39/hr	$3.77/hr	$21.53/hr	$27.58/hr	$35.06/hr	$43.01/hr	$51.44/hr
Minnesota	4,480	273	$33.06/hr	$0.53/hr	$20.66/hr	$25.12/hr	$31.12/hr	$39.12/hr	$48.12/hr
U S	210,000	1,890	$34.63/hr	$0.10/hr	$19.11/hr	$24.89/hr	$31.67/hr	$41.77/hr	$54.03/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Cost Estimators Industry OES Employment OES Median Wage Construction 50 $39.78/hr Manufacturing 20 $27.53/hr

Other Regional Data For Cost Estimators Geography (click title for details) OES Projections Employment Median Wage % Change  -  EDR 11 - 7 County Twin Cities 2,840 $32.34/hr N/A EDR 7W- Central 480 $31.30/hr N/A EDR 10 - Southeast 260 $28.86/hr N/A EDR 3 - Arrowhead 210 $31.06/hr N/A EDR 9 - South Central 160 $32.67/hr N/A EDR 4 - West Central 100 $23.36/hr N/A EDR 5 - North Central 90 $25.13/hr N/A EDR 7E- East Central 80 $35.06/hr N/A EDR 6E- Southwest Central 60 $28.58/hr N/A EDR 2 - Headwaters 40 $29.48/hr N/A EDR 1 - Northwest 30 $23.22/hr N/A EDR 6W- Upper Minnesota Valley 20 $30.74/hr N/A EDR 8 - Southwest 20 $28.32/hr N/A

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	Employment	Median Wage	% Change  -
Credit Analysts	N/A	N/A	N/A
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• Analyzes blueprints, specifications, proposals, and other documentation, to prepare time, cost, and labor estimates.
• Prepares estimates used for management purposes, such as planning, organizing, and scheduling work.
• Prepares estimates for selecting vendors or subcontractors, and determining cost effectiveness.
• Reviews data to determine material and labor requirements, and prepares itemized list.
• Prepares time, cost, and labor estimates for products, projects, or services, applying specialized methodologies, techniques, or processes.
• Conducts special studies to develop and establish standard hour and related cost data or to effect cost reduction.
• Computes cost factors used for preparing estimates for management and determining cost effectiveness.
• Consults with clients, vendors, or other individuals to discuss and formulate estimates and resolve issues.