How much does a Cost Estimation Engineer IV make in the United States? The average Cost Estimation Engineer IV salary in the United States is $133,081 as of January 26, 2024, but the range typically falls between $118,122 and $149,376. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Cost Estimation Engineer IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer IV Salary $104,502 US January 26, 2024
25th Percentile Cost Estimation Engineer IV Salary $118,122 US January 26, 2024
50th Percentile Cost Estimation Engineer IV Salary $133,081 US January 26, 2024
75th Percentile Cost Estimation Engineer IV Salary $149,376 US January 26, 2024
90th Percentile Cost Estimation Engineer IV Salary $164,212 US January 26, 2024
25% $118,122 10% $104,502 90% $164,212 75% $149,376 $133,081 50%(Median) Didn’t find job title? Click
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Check out Cost Estimation Engineer jobs in Ashburn, Virginia

Program Cost Analyst (Senior)

ADEPT Force Group, Inc - Arlington, VA

Construction Estimator - Commercial Concrete and Drywall

Lee Construction Group, Inc. - Charlottesville, VA

Cost Estimator

Keville Enterprises Inc. - Herndon, VA

What skills does a Cost Estimation Engineer IV 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.

Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.

2.

Quotations: A quotation is the repetition of a sentence, phrase, or passage from speech or text that someone has said or written. In oral speech, it is the representation of an utterance that is introduced by a quotative marker, such as a verb of saying.

3.

Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

Project Management 2.4%
Quotations 1.09%
Life insurance 0.55%
Others 95.96%

Job Description for Cost Estimation Engineer IV

Cost Estimation Engineer IV 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 IV 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 IV coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Cost Estimation Engineer IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Cost Estimation Engineer IV

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 IV, the upper level is Cost Estimation Engineer V and then progresses to Estimating Supervisor.

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Cost Estimation Engineer IV salary varies from city to city. Compared with national average salary of Cost Estimation Engineer IV, the highest Cost Estimation Engineer IV salary is in San Francisco, CA, where the Cost Estimation Engineer IV salary is 25.0% above. The lowest Cost Estimation Engineer IV salary is in Miami, FL, where the Cost Estimation Engineer IV salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Cost Estimation Engineer IV, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
118122
149376
133081

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
122565
159582
138776
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Estimation Engineer IV in the United States. The base salary for Cost Estimation Engineer IV ranges from $118,122 to $149,376 with the average base salary of $133,081. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $122,565 to $159,582 with the average total cash compensation of $138,776.
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118122
149376

 

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Skills associated with Cost Estimation Engineer IV: ERP Systems, Manufacturing Fabrication, Make To Order, Cost Estimation ...More

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Cost Estimation Engineer IV Salary in United States
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