Cost Estimators vs Project Management Specialists salary

As stated by the US Bureau of Labor Statistics, the average yearly salary for Cost Estimators is $73,740, compared to $98,420 for Project Management Specialists. This shows that the pay for Project Management Specialists is much higher than for Cost Estimators.

However, it's worth noting that salaries can vary depending on factors such as location, experience, and the specific setting in which the employee works. As an example, Cost Estimators who work in Massachusetts (with an average salary of $101,750) may earn more than those who work in Montana ($59,680). And Project Management Specialists in New Mexico earn 71% more on average than those in Arkansas.

Cost Estimators vs Project Management Specialists overview

Cost Estimators and Project Management Specialists are fundamental to the Specialty Trade Contractors industry. There is a common interest in understanding the differences between these job titles, as well as the average pay for each.

Cost Estimator job description

Cost Estimators prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Cost Estimator education and experience

The majority of Cost Estimators (64%) have obtained a Bachelor's Degree. However this occupation also includes some employees who have a Master's Degree (18%) and a Post-Secondary Certificate (9%). Regarding experience, 23% of Cost Estimator jobs require a 1 to 2 years of experience in the field. A smaller percentage of jobs (18%) require no previous experience.

Cost Estimator average salary

As reported by the US Bureau of Labor Statistics, the United States had a workforce of 208,950 Cost Estimators in 2021 and they earned an average of $73,740 per year. The lowest earning 10 percent made $38,880 or less, and the highest earning 10 percent made $115,690 or more per year. Compared to the previous year, the average salary is up by 1.1%.

Do Cost Estimators make good money?

Cost Estimators usually receive good salaries, as their average salary is about a quarter higher than the average wage in the United States ($58,260). Furthermore, they earn about a quarter more than the average wage of the Specialty Trade Contractors industry ($58,590).

Cost Estimators usually receive good salaries, as their average salary is about a quarter higher than the average wage in the United States ($58,260).

Cost Estimators job growth

In 2021, there have been 9,590 more Cost Estimator positions than the previous year nationwide, which marks a rise of 4.8%. Job growth has averaged -0.3% for the last 3 years.

Project Management Specialist job description

Alternative names: Project Managers, Agile Coaches, Scrum Masters

Project Management Specialists analyze and coordinate the schedule, timeline, procurement, staffing, and budget of a product or service on a per project basis. Lead and guide the work of technical staff. May serve as a point of contact for the client or customer.

Project Management Specialist average salary

As reported by the US Bureau of Labor Statistics, in 2021, the number of Project Management Specialists employed in the United States was 743,860, and they earned an average of $98,420 per year. The bottom 10 percent had a salary of $49,750 or less, and the top 10 percent had a salary of $159,140 or more.

Do Project Management Specialists make good money?

Project Management Specialists are typically paid well, since their mean salary is 69% above the average pay in the United States ($58,260). Moreover, they make 8% more than the mean earnings of the Professional, Scientific, and Technical Services industry ($91,150).

Project Management Specialists are typically paid well, since their mean salary is 69% above the average pay in the United States ($58,260).

FAQ

Do Cost Estimators or Project Management Specialists make more?

The average earnings of Project Management Specialists are about a third higher than those of Cost Estimators. On average, Cost Estimators make $73,740 per year, while Project Management Specialists make $98,420.