How much does a Cost Estimation Engineer IV make in Minnesota? The average Cost Estimation Engineer IV salary in Minnesota is $136,731 as of February 26, 2024, but the range typically falls between $121,364 and $153,477. 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 IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer IV Salary $107,373 MN February 26, 2024
25th Percentile Cost Estimation Engineer IV Salary $121,364 MN February 26, 2024
50th Percentile Cost Estimation Engineer IV Salary $136,731 MN February 26, 2024
75th Percentile Cost Estimation Engineer IV Salary $153,477 MN February 26, 2024
90th Percentile Cost Estimation Engineer IV Salary $168,723 MN February 26, 2024
25% $121,364 10% $107,373 90% $168,723 75% $153,477 $136,731 50%(Median) Didn’t find job title? Click
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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 4.59%
Quotations 2.08%
Life Insurance 1.05%
Others 92.28%

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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Job Openings for Cost Estimation Engineer IV in Minnesota

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Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $141,267 Date Updated February 26, 2024
Location Minnetonka, MN Avg. Salary $142,148 Date Updated February 26, 2024
Location Ada, MN Avg. Salary $123,175 Date Updated February 26, 2024
Location Adams, MN Avg. Salary $132,555 Date Updated February 26, 2024
Location Adolph, MN Avg. Salary $127,752 Date Updated February 26, 2024
Location Adrian, MN Avg. Salary $117,772 Date Updated February 26, 2024
Location Afton, MN Avg. Salary $141,107 Date Updated February 26, 2024
Location Ah Gwah Ching, MN Avg. Salary $125,497 Date Updated February 26, 2024
Location Aitkin, MN Avg. Salary $126,658 Date Updated February 26, 2024
Location Akeley, MN Avg. Salary $124,970 Date Updated February 26, 2024

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 in Minnesota
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