Cost Estimating Manager Salary
A Cost Estimating Manager earns an average salary of $78,887 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.
|Salary||$54,724 - $148,304|
|Bonus||$1,030 - $25,335|
|Total Pay (||$55,184 - $153,835|
Job Description for Cost Estimating Manager
Cost estimating managers typically work in an office, but may also work in remote locations or even outdoors depending on the industry. These managers are tasked with evaluating customers' needs and establishing standard practices of determining pricing, and they usually report to the company's upper management and work with a variety of managers within the company.Read More...
Cost estimating managers may supervise employees, including estimators and support staff, and must be proficient in estimating costs, developing metrics and interdepartmental communications, and supervising lower-level employees. They may also be required to assess customer and internal invoices, as well as presenting estimates to potential clients and supervising the presentation process.
Aspiring cost estimating managers should have extensive management and cost-estimation experience and in-depth knowledge of risk assessment, specific industry standards, financial systems, and related software. Strong verbal and written communication skills and the ability to work with a team of professionals are essential in this position, and these managers should also be educated in general management and financial coursework.
Cost Estimating Manager Tasks
- Gather, review, and analyze pricing data.
- Propose changes to cost estimating initiatives to reduce company costs and improve efficiencies.
- Oversee cost estimating initiatives.
Pay by Experience Level for Cost Estimating Manager
Pay by Experience for a Cost Estimating Manager has a positive trend. An entry-level Cost Estimating Manager with less than 5 years of experience can expect to earn an average total compensation of $50,000 based on 7 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Cost Estimating Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $77,000 based on 8 salaries. An experienced Cost Estimating Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $101,000 based on 19 salaries. A Cost Estimating Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $96,000 based on 16 salaries.
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