Cost estimators are employed by companies to estimate the money, time, labor and materials required to manufacture a product or provide a service. They do this by collecting and analyzing data on various factors that affect the cost of production directly and indirectly. As part of their job, cost estimators read technical documents and blueprints and collaborate with architects, contractors, engineers, sales teams, and clients. They also maintain records of their analyses and make cost-cutting recommendations.
A bachelor's degree with a strong background in mathematics is essential for anyone wishing to pursue a career as a cost estimator. A bachelor's degree in business, finance or engineering is a good choice for someone interested in estimating the cost of manufacturing, while a bachelor's degree in engineering, building science or construction management may be the better option for someone interested in pursuing a career as a construction cost estimator. Attention to detail in addition to strong analytical, math and time-management skills are essential soft skills for this role.
Be prepared to conduct a mock cost estimate to demonstrate your skills and expertise at the interview. The interviewer will want to know if you have had any experience in this field and also what are your strengths that make you a good fit for the role. One way to be better prepared for your interview is by going to Mock Questions and giving some thought to how you will answer the questions listed there.