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Home » Career Mentor » Cost Estimator
Career Mentor Details of "Cost Estimator"

Name of The Profession

Cost Estimator

Who is a Cost Estimator and what does he/she do?

A Cost Estimator practices accounts, analysis financial statements on finance and banking, performs analysis on financial data and calculates the real value of money, after allotting the sufficient budgets for required business activities. They assist financial managers, tax authorities, and insurance companies for credit allocation decisions.

Cost Estimator's role involves studying the data from various institutions pertaining to profit and loss statements, cash flow statements, etc. Sometimes they are hired by brokerage firms to provide advice to investors by analyzing the market data, current trends in the stock market industry. They often use spreadsheets and other statistical software like tally, etc and develop forecasts, ratios, etc. They also work as consultants to various firms such as auditing and forecast of organization's revenues, etc.

Qualifications Required

A master's or a PhD degree in subjects such as finance, accounting, taxation, etc. Some firms prefer degrees such as CMA, CCA, CGA or CA or even Chartered financial association.

Where can I go and study to become a Cost Estimator?

       India
  • ICFAI University, Ahmedabad, Mumbai, Bangalore.
  • AICTE (All India Council for Technical Education).
  • Institute for Financial Management and Research (IFMR), Chennai.
  • IFIM Business School, (The Institute of Finance and International Management), Bangalore.
      UK
  • London School of Business & Finance
  • London Business School
       USA
  • MIT Sloan School of Management
  • American Academy of Financial Management
  • The Financial Management of Research. Centers and Institutes

Where can I work as a Cost Estimator?

  • Private and public sector companies
  • Brokerage firms
  • Independent Financial consulting
  • Stock Broker
  • Financial institutions
  • Financial Research organisations

Potential earning capacity per annum:

The salary package of the cost estimator’s could be somewhere around rs symbol 2.5 Lac p.a. (Approx). And candidates qualified with CA can earn even more.

 
 
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