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A cost engineer requires a degree related to their industry, such as construction or manufacturing, and additional math and computer classes. They control expenses while maintaining quality and structural integrity. On-the-job training is important, and certification is preferred by some employers.
College education and on-the-job training are required to become a cost engineer. The university degree you obtain must be directly related to the industry you intend to work in, typically construction or manufacturing. It also helps to take additional math and computer classes to attract the attention of potential employers.
A cost engineer’s primary duty is to control the expense of a major project while maintaining quality and structural integrity. Construction is a common industry for a cost engineer’s talents; several contractors need materials purchased at the lowest prices to ensure the work generates a profit. Undergraduate courses for a career in the construction industry may include construction science and construction management. Both major companies cover cost estimation with construction as their main concentration.
Typically, a university degree in engineering, mathematics or economics is required to become a cost engineer in the manufacturing industry. Producing a product from raw materials means balancing the total cost with any waste that may occur, such as a faulty machining device. University degree will allow you to apply estimation theories for future material purchases for a successful business strategy.
Along with college major course requirements, you must take additional classes in math and computers to become a cost engineer. There are many mathematical formulas that must be applied to estimate the future needs of business projects; math courses will solidify the equation and solve process to make everyday estimation tasks simple and accurate. Additionally, computer classes will offer comfort with cost estimating software so a prospective employer will feel confident in their ability to maneuver a complicated database.
Some college students continue with school to earn a master’s degree. Many employers are looking for workers with a graduate degree to become a cost engineer. You should pursue a master’s degree in construction or engineering management if you intend to run or manage a cost estimating business.
Even with a degree, most workers must complete hands-on training to become a cost engineer. Each estimation step is explained and annotated by the experienced estimator for future reference. Since every company has a slightly different process for estimating costs, on-the-job training is one of the most important aspects of becoming a successful cost engineer.
Certification in cost estimating is not mandatory in the United States, but many potential employers prefer a certified employee over an uncertified person. You must bear in mind that a written exam must be taken for certification as well as proof of experience. The cost engineer may also need to publish a paper on the estimating industry prior to certification.
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