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Working as a Senior Cost Engineer

There is more than meets the eye when it comes to being a senior cost engineer. For example, did you know that they make an average of $39.3 an hour? That's $81,753 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 23,800 job opportunities across the U.S.

What Does a Senior Cost Engineer Do

There are certain skills that many senior cost engineers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, speaking skills and technical skills.

When it comes to the most important skills required to be a senior cost engineer, we found that a lot of resumes listed 11.3% of senior cost engineers included cost engineering, while 10.4% of resumes included construction management, and 7.0% of resumes included cost analysis. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the senior cost engineer job title. But what industry to start with? Most senior cost engineers actually find jobs in the construction and manufacturing industries.

How To Become a Senior Cost Engineer

If you're interested in becoming a senior cost engineer, one of the first things to consider is how much education you need. We've determined that 51.4% of senior cost engineers have a bachelor's degree. In terms of higher education levels, we found that 37.6% of senior cost engineers have master's degrees. Even though most senior cost engineers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a senior cost engineer. When we researched the most common majors for a senior cost engineer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on senior cost engineer resumes include high school diploma degrees or associate degree degrees.

You may find that experience in other jobs will help you become a senior cost engineer. In fact, many senior cost engineer jobs require experience in a role such as cost engineer. Meanwhile, many senior cost engineers also have previous career experience in roles such as project controls engineer or project manager.

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Average Salary$81,753
Job Growth Rate8%

Senior Cost Engineer Jobs

Senior Cost Engineer Career Paths

Top Careers Before Senior Cost Engineer

Top Careers After Senior Cost Engineer

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Average Salary for a Senior Cost Engineer

Senior Cost Engineers in America make an average salary of $81,753 per year or $39 per hour. The top 10 percent makes over $129,000 per year, while the bottom 10 percent under $51,000 per year.
Average Salary
$81,753

Best Paying Cities

City
Average Salary
Houston, TX
Salary Range69k - 133k$96k$96,156
Redondo Beach, CA
Salary Range64k - 125k$90k$89,917
Washington, DC
Salary Range68k - 116k$89k$89,421
New York, NY
Salary Range67k - 115k$89k$88,551
Warren, MI
Salary Range64k - 109k$84k$84,364
Arlington, VA
Salary Range63k - 106k$82k$82,260
$57k
$133k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
SR. Cost Engineer
SR. Cost Engineer
Randstad
Randstad
09/26/2020
09/26/2020
$93,91509/26/2020
$93,915
Senior Cost Engineer
Senior Cost Engineer
Port of Seattle
Port of Seattle
12/20/2019
12/20/2019
$95,26912/20/2019
$95,269
Senior Cost Engineer
Senior Cost Engineer
Lear Corporation
Lear Corporation
07/15/2019
07/15/2019
$85,00007/15/2019
$85,000
SR. Cost and Schedule Engineer
SR. Cost and Schedule Engineer
The Carian Group
The Carian Group
07/11/2019
07/11/2019
$145,00007/11/2019
$145,000
Senior Cost Engineer
Senior Cost Engineer
Washington State
Washington State
06/21/2019
06/21/2019
$72,03606/21/2019
$72,036
See More Recent Salaries

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Senior Cost Engineer Demographics

Gender

male

76.1 %

female

19.1 %

unknown

4.8 %

Ethnicity

White

72.6 %

Asian

11.3 %

Hispanic or Latino

9.6 %

Foreign Languages Spoken

Spanish

30.8 %

Russian

15.4 %

Mandarin

15.4 %
See More Demographics

Senior Cost Engineer Education

Degrees

Bachelors

51.4 %

Masters

37.6 %

Certificate

7.3 %

Top Colleges for Senior Cost Engineers

1. New York University

New York, NY

In-State Tuition
$51,828
Enrollment
26,339

2. Northwestern University

Evanston, IL

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA

In-State Tuition
$56,225
Enrollment
19,548

4. University of Pennsylvania

Philadelphia, PA

In-State Tuition
$55,584
Enrollment
10,764

5. University of Michigan - Ann Arbor

Ann Arbor, MI

In-State Tuition
$15,262
Enrollment
30,079

6. Clemson University

Clemson, SC

In-State Tuition
$15,374
Enrollment
19,564

7. Worcester Polytechnic Institute

Worcester, MA

In-State Tuition
$50,530
Enrollment
4,571

8. Stanford University

Stanford, CA

In-State Tuition
$51,354
Enrollment
7,083

9. Johns Hopkins University

Baltimore, MD

In-State Tuition
$53,740
Enrollment
5,567

10. Lehigh University

Bethlehem, PA

In-State Tuition
$52,930
Enrollment
5,030
See More Education Info

Entry Level Jobs For Becoming A Senior Cost Engineer

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Part Time
Internship
Temporary

Top Skills For a Senior Cost Engineer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.3% of senior cost engineers listed cost engineering on their resume, but soft skills such as analytical skills and speaking skills are important as well.

Best States For a Senior Cost Engineer

Some places are better than others when it comes to starting a career as a senior cost engineer. The best states for people in this position are Washington, Colorado, Rhode Island, and Massachusetts. Senior cost engineers make the most in Washington with an average salary of $103,361. Whereas in Colorado and Rhode Island, they would average $100,145 and $100,114, respectively. While senior cost engineers would only make an average of $94,917 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Washington

Total Senior Cost Engineer Jobs:
1,049
Highest 10% Earn:
$177,000
Location Quotient:
1.2
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Colorado

Total Senior Cost Engineer Jobs:
688
Highest 10% Earn:
$171,000
Location Quotient:
0.98
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Massachusetts

Total Senior Cost Engineer Jobs:
1,324
Highest 10% Earn:
$153,000
Location Quotient:
1.32
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Senior Cost Engineer Employers

1. Bechtel
4.9
Avg. Salary: 
$87,171
Senior Cost Engineers Hired: 
36+
2. Jacobs Engineering Group
4.7
Avg. Salary: 
$88,124
Senior Cost Engineers Hired: 
23+
3. Turner Construction
4.6
Avg. Salary: 
$81,664
Senior Cost Engineers Hired: 
11+
4. General Motors
4.9
Avg. Salary: 
$62,849
Senior Cost Engineers Hired: 
8+
5. Parsons
4.6
Avg. Salary: 
$78,181
Senior Cost Engineers Hired: 
7+
6. AECOM
4.5
Avg. Salary: 
$73,312
Senior Cost Engineers Hired: 
5+

Recently Added Senior Cost Engineer Jobs

Updated October 2, 2020