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The differences between cost engineers and estimators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a cost engineer, becoming an estimator takes usually requires 1-2 years. Additionally, a cost engineer has an average salary of $87,901, which is higher than the $67,162 average annual salary of an estimator.
The top three skills for a cost engineer include project management, cost analysis and construction management. The most important skills for an estimator are customer service, cost estimates, and project management.
| Cost Engineer | Estimator | |
| Yearly salary | $87,901 | $67,162 |
| Hourly rate | $42.26 | $32.29 |
| Growth rate | 3% | -2% |
| Number of jobs | 65,278 | 12,567 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 55% |
| Average age | 45 | 47 |
| Years of experience | 6 | 2 |
A cost engineer is responsible for projecting cost and expenses reports for the production process, identify and mitigate risks, and develop strategic techniques to reduce the excessive financial loss for project buildings. Cost engineers conduct data and statistical analysis to measure time deliverables and quality checks to ensure profitability and adherence to business objectives. They research and negotiate materials from trusted suppliers and vendors with high-quality products that would meet construction designs and client specifications.
Estimators work in construction and manufacturing businesses to estimate the operational costs of the company. It is the responsibility of the estimators to compile the estimates of the products and services. They prepare work for estimation through blueprints, specifications, proposals, and its associated documents. It is also expected from them to find their potential clients' needs and wants, research equipment and materials, and calculate labor costs. The organization, time management, and effective communication are the skills expected from a good estimator.
Cost engineers and estimators have different pay scales, as shown below.
| Cost Engineer | Estimator | |
| Average salary | $87,901 | $67,162 |
| Salary range | Between $64,000 And $120,000 | Between $46,000 And $96,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Rhode Island | Vermont |
| Best paying company | BP America Inc | BlackRock |
| Best paying industry | Energy | Manufacturing |
There are a few differences between a cost engineer and an estimator in terms of educational background:
| Cost Engineer | Estimator | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | Georgia Institute of Technology | California Polytechnic State University-San Luis Obispo |
Here are the differences between cost engineers' and estimators' demographics:
| Cost Engineer | Estimator | |
| Average age | 45 | 47 |
| Gender ratio | Male, 74.1% Female, 25.9% | Male, 82.1% Female, 17.9% |
| Race ratio | Black or African American, 4.9% Unknown, 4.7% Hispanic or Latino, 11.3% Asian, 14.4% White, 64.5% American Indian and Alaska Native, 0.2% | Black or African American, 2.2% Unknown, 3.8% Hispanic or Latino, 13.7% Asian, 4.5% White, 75.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 4% |