How Much Do Cost Control Engineer Make?
How much do cost control engineer make? Discover the average salary, base salary, and compensation for cost control engineer in the engineering category. Learn about cost control engineer pay per hour, per week, per month, and per annum with detailed salary ranges from $65,000 to $95,000.
How Much Do Cost Control Engineer Make? Complete Salary Guide
How much do cost control engineer make? This is one of the most common questions in career planning. Cost Control Engineer in the Engineering field can expect to earn an average salary of $95,000 per year, with entry-level positions starting at $65,000 and experienced professionals earning up to $95,000 annually.
When breaking down the average salary of cost control engineer by time periods, cost control engineer typically make around $7,916.667 per month and approximately $1,826.923 per week. The basic salary of cost control engineer varies significantly based on experience level, location, and industry specialization. Entry-level cost control engineer typically start with a base salary of $65,000, while mid-career professionals earn an average of $85,000, and senior-level roles can command salaries exceeding $95,000.
The salary landscape for cost control engineer is influenced by several key factors including geographic location, years of experience, educational background, and specific industry demands. How much do cost control engineer make in a week? On average, this translates to approximately $1,826.923 per week. How much do cost control engineer make per annum? The annual salary range spans from $65,000 to $120,000, with the median salary sitting at $95,000. Additionally, many cost control engineer receive bonuses averaging $5,000 annually, representing approximately 10.25% of their base salary.
How Much Do Cost Control Engineer Get Paid Per Annum? Cost Control Engineer Salary
Annual salary data for cost control engineer across different experience levels, showing entry-level, mid-career, and experienced professional compensation ranges based on industry standards.
Entry Level Annual Salary
Mid-Career Annual Salary
Experienced Annual Salary
How Much Do Cost Control Engineer Get Paid in a Month? Cost Control Engineer Monthly Salary
Monthly salary breakdowns for cost control engineer at different career stages, providing practical budgeting insights and compensation expectations for financial planning.
Entry Level Monthly Salary
Mid-Career Monthly Salary
Experienced Monthly Salary
How Much Do Cost Control Engineer Get Paid in Different Locations?
Geographic salary variations for cost control engineer across different cities and regions, including cost of living adjustments and regional market demand factors that impact compensation.
Cost Control Engineer Salary Trends
Historical salary progression for cost control engineer over the past years, showing year-over-year compensation growth and market trends in the industry.
Cost Control Engineer Salary Trends (2020 - 2025)
Bonus & Compensation Package
Additional compensation beyond base salary, including bonuses, commissions, and overtime opportunities that contribute to total annual earnings.
Bonus Percentage
of annual salary
Bonuses for Cost Control Engineers are typically based on project performance, cost savings achieved, and meeting budgetary targets or deadlines.
Average Bonus
annually
Commission
A Cost Control Engineer role may offer performance-based bonuses or incentives tied to project efficiency and cost savings, enhancing motivation and rewarding successful outcomes.
Overtime
Overtime pay for Cost Control Engineers is common, especially during project deadlines or budget reviews, reflecting the demanding nature of their role in construction and engineering.
Employee Benefits Package
Comprehensive benefits and perks provided to employees, including health coverage, retirement plans, time off policies, and professional development opportunities.
Comprehensive Benefits
Typical benefits for a Cost Control Engineer include health insurance, 401(k) retirement plans, paid time off (PTO), flexible working hours, professional development opportunities, and performance bonuses.
Cost Control Engineer Job Overview
Comprehensive details about the cost control engineer role including daily responsibilities, work environment, physical demands, and key tasks that define this career path.
About This Role
A Cost Control Engineer manages project budgets, monitors expenses, and ensures financial efficiency. They analyze costs, forecast spending, and implement strategies to minimize waste. Collaborating with project teams, they provide insights for informed decision-making, ensuring projects stay within budget while maintaining quality standards and timelines.
Primary Responsibilities
Budget development, cost estimation, cost monitoring, variance analysis, financial reporting, risk assessment, project forecasting, supplier negotiation, resource allocation, compliance auditing.
Day-to-Day Tasks
A Cost Control Engineer typically reviews project budgets, analyzes costs, monitors expenditures, prepares financial reports, collaborates with teams to optimize spending, and ensures compliance with financial regulations daily.
Work Environment
Hybrid
Cost Control Engineers typically work in offices or construction sites, analyzing data, collaborating with teams, and ensuring budget adherence.
Physical Demands
Moderate
Cost Control Engineers typically work in office settings, requiring proficiency in computer software. They may occasionally visit construction sites, necessitating safety gear and physical mobility.
Cost Control Engineer Requirements & Prerequisites
Essential qualifications and credentials needed to pursue a career as a cost control engineer, including educational background, certifications, and experience requirements.
Education
Bachelor's degree.
Field: Civil Engineering, Mechanical Engineering, Electrical Engineering, Industrial Engineering, Construction Management, Project Management, Quantity Surveying, Business Administration, Finance, Economics.
Experience
5 years
Employers seek Cost Control Engineers with experience in budgeting, forecasting, and financial analysis within construction or engineering projects, demonstrating strong analytical skills and proficiency in cost management software.
Certifications
Certified Cost Professional (CCP), Project Management Professional (PMP), Certified Construction Manager (CCM), Associate Constructor (AC), Certified Cost Estimator/Analyst (CCE/A), Lean Six Sigma Certification, Risk Management Professional (PMI-RMP), Certified Quantity Surveyor (CQS).
Required Skills
Budgeting, financial analysis, project management, risk assessment, data analysis, communication skills, problem-solving, attention to detail.
Technical Skills
Soft Skills
Cost Control Engineer Career Path
Professional progression opportunities for cost control engineer from entry-level to senior management, including typical career advancement timeline and role evolution.
Entry Level
Cost Analyst, Junior Cost Estimator, Project Coordinator
Early-career Cost Control Engineers analyze project costs, monitor budgets, prepare reports, and assist in financial forecasting to ensure projects stay within budgetary constraints.
Mid-Career
Cost Analyst, Project Engineer, Financial Analyst
Mid-career Cost Control Engineers manage project budgets, analyze cost data, forecast expenses, implement cost-saving measures, and ensure financial efficiency throughout project lifecycles.
Senior Management
Cost Control Manager, Senior Cost Analyst, Project Controls Director
Senior Cost Control Engineers oversee budgeting, forecasting, and financial analysis, ensuring project cost efficiency while managing risks and optimizing resource allocation for successful project delivery.
Career Progression Timeline
Timeline: 5 years
A Cost Control Engineer typically advances from entry-level roles to senior positions, gaining expertise in project management and financial analysis, eventually leading teams and strategic decision-making. Career growth often includes specialization in various industries or managerial roles.
Cost Control Engineer Industry & Growth
Market outlook and growth prospects for cost control engineer, including industry trends, job market demand, and factors influencing career opportunities and advancement.
Job Outlook
Faster than average
Projected: 2024–2034
Industry Trends
Increased adoption of digital tools and software for project management, heightened focus on sustainability and cost efficiency in construction projects, growing demand for skilled professionals in renewable energy sectors.
Growth Factors
Rising project costs, need for efficiency, regulatory compliance, complex construction projects, emphasis on profitability, and increased competition drive demand for Cost Control Engineers.
Future Opportunities
Sustainable construction, AI-driven project management, blockchain for supply chain transparency, renewable energy integration, and smart building technologies are emerging niches for Cost Control Engineers.
Cost Control Engineer Related Professions
Alternative career paths and similar roles for cost control engineer, including career transitions, related positions, and advancement opportunities within the field.
Similar Roles
Career Alternatives
Upgrade Paths
Related Entry Roles
Cost Control Engineer Skills & Development
Essential skills and professional development resources for cost control engineer, including technical abilities, soft skills, recommended courses, and ongoing learning opportunities.
Technical Skills
Soft Skills Needed
Recommended Certifications
Recommended Courses
Development Resources
Training Timeline
Estimated training time
Frequently Asked Questions About Cost Control Engineer Salary
Common questions and answers about pursuing a career as a cost control engineer, covering qualifications, salary expectations, career prospects, and practical career guidance.
What qualifications are needed to become a Cost Control Engineer?
A degree in engineering, finance, or a related field, along with experience in project management and cost analysis.
What is the average salary of a Cost Control Engineer?
The average salary ranges from $70,000 to $100,000 per year depending on experience and location.
How can I advance my career as a Cost Control Engineer?
Gaining additional certifications like PMP or earning an MBA can enhance career prospects.
What skills are essential for a successful Cost Control Engineer?
Strong analytical skills, attention to detail, proficiency in budgeting software, and excellent communication abilities.
Is there demand for Cost Control Engineers in the job market?
Yes, there is strong demand due to the need for efficient project management and cost efficiency across industries.
How Much Others Make?
Explore salary data for other professions to compare compensation across different career paths and industries.