How much does a Cost Estimation Engineer III make in New Jersey? The average Cost Estimation Engineer III salary in New Jersey is $115,472 as of February 26, 2024, but the range typically falls between $101,253 and $132,934. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Cost Estimation Engineer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer III Salary $88,308 NJ February 26, 2024
25th Percentile Cost Estimation Engineer III Salary $101,253 NJ February 26, 2024
50th Percentile Cost Estimation Engineer III Salary $115,472 NJ February 26, 2024
75th Percentile Cost Estimation Engineer III Salary $132,934 NJ February 26, 2024
90th Percentile Cost Estimation Engineer III Salary $148,832 NJ February 26, 2024
25% $101,253 10% $88,308 90% $148,832 75% $132,934 $115,472 50%(Median) Didn’t find job title? Click
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What skills does a Cost Estimation Engineer III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Experimenting: a test or investigation, esp one planned to provide evidence for or against a hypothesis: a scientific experiment.

2.

Health Care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.

3.

New Product Development: In business and engineering, new product development (NPD) covers the complete process of bringing a new product to market. A central aspect of NPD is product design, along with various business considerations. New product development is described broadly as the transformation of a market opportunity into a product available for sale. The product can be tangible (something physical which one can touch) or intangible (like a service, experience, or belief), though sometimes services and other processes are distinguished from "products." NPD requires an understanding of customer needs and wants, the competitive environment, and the nature of the market. Cost, time and quality are the main variables that drive customer needs. Aiming at these three variables, innovative companies develop continuous practices and strategies to better satisfy customer requirements and to increase their own market share by a regular development of new products. There are many uncertainties and challenges which companies must face throughout the process. The use of best practices and the elimination of barriers to communication are the main concerns for the management of the NPD .[citation needed]

Experimenting 12.5%
Health Care 12.5%
New Product Development 12.5%
Others 62.5%

Job Description for Cost Estimation Engineer III

Cost Estimation Engineer III estimates costs for construction, engineering, manufacturing, or other implementation projects based on an analysis of project technical requirements. Collects data and analyzes all project costs, including raw materials, labor, equipment and tooling to ensure estimates are accurate. Being a Cost Estimation Engineer III identifies and quantifies potential cost uncertainties to ensure costing models capture the full range of potential costs. Updates costs as necessary based on new information and project scope changes. Additionally, Cost Estimation Engineer III coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Cost Estimation Engineer III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Cost Estimation Engineer III in New Jersey

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $118,734 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $120,832 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $120,937 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $118,587 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $123,244 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $118,734 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $117,046 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $117,685 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $120,937 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $118,734 Date Updated February 26, 2024

Career Path for Cost Estimation Engineer III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Cost Estimation Engineer III, the upper level is Cost Estimation Engineer IV and then progresses to Cost Estimation Engineer V.

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Cost Estimation Engineer III Salary in New Jersey
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