Estimating Manager Salary
Between two-thirds and three-fourths of Estimating Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $44K to $140K per year, but median earnings come to around $81K per year. Location and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Generally, women make up less than a third of all Estimating Managers who answered the questionnnaire. Job satisfaction is high and work is enjoyable for most Estimating Managers. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Job Description for Estimating Manager
The primary duty of estimating managers is to provide estimates for costs and time frames for projects' milestones and their eventual completion. Daily tasks include collecting information from involved parties, generating accurate estimates, and then communicating this information with relevant individuals and teams. Depending on the company and position, estimating managers may have regular contact with customers, vendors, and internal management, among others. Although some estimating managers work in small teams for large projects, they frequently work on their own to facilitate communication and planning among all parties.Read More...
Physical requirements for this position are generally limited to long hours in front of a computer, although there may be some work at field locations related to construction or other activities. Work hours may vary depending on specific projects or requirements, but these professionals often work during regular business hours.
Because of the potentially specialized nature of these positions, educational requirements vary, but typically a bachelor’s degree is preferred and a high school diploma or equivalent is mandatory. Many positions require extensive experience in a related role and the ability to read blueprints and technical documents as well. Additionally, estimating managers must have excellent communication skills, be proficient with basic computer programs, and have good multitasking skills. They must work well on their own with minimal supervision, as well as in a team setting.
Estimating Manager Tasks
- Examine blueprints to create quotes, estimate costs, and set prices.
- Negotiate change orders, modifications, and final settlements with clients.
- Create proposals for specific jobs, coordinating across proposals to meet goals.
Estimating Manager Job Listings
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Pay by Experience Level for Estimating Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Estimating Managers generally obtain higher compensation for more plentiful past experience. Although individuals who have less than five years' experience earn $54K on average, people with five to 10 years benefit from a notably larger average of $71K. Estimating Managers who work for 10 to 20 years in their occupation tend to earn about $88K. Estimating Managers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $112K.
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