Design Cost Analyst Salary in Massachusetts

Annual Median: $94,990
Hourly Median: $45.67

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Annual and Hourly Design Cost Analyst undefined, Massachusetts Salary Table:

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
PercentileAnnual SalaryHourly Wage
10th$56,160$27
25th$72,530$34.87
Median$94,990$45.67
75th$120,180$57.78
90th$136,280$65.52

Best Schools to become a Design Cost Analyst in Massachusetts 2024

University of Massachusetts-Lowell

Lowell, MA

In-State Tuition:$15,462
Out-of-State Tuition:$33,830
Admission Rate:86%
Graduation Rate:71%
Total Enrollment:17,153

Boston University

Boston, MA

In-State Tuition:$61,050
Out-of-State Tuition:$61,050
Admission Rate:14%
Graduation Rate:89%
Total Enrollment:36,714

Harvard University

Cambridge, MA

In-State Tuition:$52,659
Out-of-State Tuition:$52,659
Admission Rate:3%
Graduation Rate:98%
Total Enrollment:30,631

Babson College

Wellesley, MA

In-State Tuition:$54,944
Out-of-State Tuition:$54,944
Admission Rate:22%
Graduation Rate:93%
Total Enrollment:3,989

University of Massachusetts-Amherst

Amherst, MA

In-State Tuition:$16,186
Out-of-State Tuition:$37,405
Admission Rate:64%
Graduation Rate:83%
Total Enrollment:32,229

Fitchburg State University

Fitchburg, MA

In-State Tuition:$970
Out-of-State Tuition:$7,050
Admission Rate:86%
Graduation Rate:56%
Total Enrollment:6,554

Design Cost Analyst Salary in Massachusetts FAQs

  • What factors influence the salary of a Design Cost Analyst in Massachusetts?
    Several factors can impact your salary as a Design Cost Analyst in Massachusetts, including your level of education, years of experience, industry type, and the size of the employer. Additional certifications or specialized skills, such as knowledge of specific software tools or methodologies, may also contribute to higher earning potential.

  • How does the salary of a Design Cost Analyst compare to similar professions?
    Generally, Design Cost Analysts may have a salary range that is competitive with other analytical roles in design and construction sectors. Comparing salaries across similar positions, such as Cost Estimators or Project Managers, can provide a clearer picture of where a Design Cost Analyst fits in the market.

  • What is the expected job outlook for Design Cost Analysts in Massachusetts?
    The job outlook for Design Cost Analysts can be favorable, given the ongoing demand for professionals who can manage project costs and budgets effectively. Industries like construction, engineering, and manufacturing often seek these analysts to optimize project efficiency and minimize expenses.

  • Are there opportunities for salary growth in this career?
    Yes, there are typically many avenues for salary growth as a Design Cost Analyst. Advancement may come through gaining additional experience, acquiring further education or certifications, or transitioning to managerial roles. Networking within professional associations can also open up opportunities that lead to salary increases.

  • What types of companies typically hire Design Cost Analysts in Massachusetts?
    Design Cost Analysts are often employed in various sectors, including construction firms, engineering companies, architecture firms, and manufacturing organizations. Government agencies and large consultancy firms are also potential employers looking for cost analysis expertise.

  • How important is certification for a Design Cost Analyst's salary prospects?
    While certification is not always a requirement, obtaining industry-recognized credentials can significantly enhance your marketability and potentially lead to higher salaries. Certifications such as Certified Cost Professional (CCP) or Accreditation in Cost Engineering (ACE) are examples that can demonstrate your expertise and commitment to the field.

  • What skills are most valued in a Design Cost Analyst?
    Key skills for a Design Cost Analyst include strong analytical abilities, proficiency in cost estimation software, knowledge of project management principles, excellent communication skills, and a solid understanding of the design and construction processes. These competencies are essential for effective cost analysis and reporting.

  • Is the salary of a Design Cost Analyst affected by location within Massachusetts?
    Yes, location can play a significant role in salary variations. Metropolitan areas like Boston may offer higher salaries due to the cost of living and demand for skilled professionals, while rural areas might have different salary dynamics based on local industry needs and economic conditions.

  • What are the common benefits that accompany a Design Cost Analyst's salary?
    Besides competitive salary packages, Design Cost Analysts often receive benefits such as health insurance, retirement plans, paid time off, and performance bonuses. Some employers may also provide opportunities for professional development and continued education, contributing to overall compensation.