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Cost Management Intern Jobs (NOW HIRING)

Project Management Intern

Albion, IN ยท On-site

$27K - $31K/yr

The Project Management Intern will be responsible for the following. Other duties may be assigned ... Manages timelines, open issues, cost tracking and internal reporting of project status & risks.

Project Manager Intern Company: Red Tail Acquisitions Location: Remote (U.S. Based) Status ... Budget tracking and cost management * Vendor and stakeholder communication * Project scheduling and ...

Project Management Intern

Albion, IN ยท On-site

$27K - $31K/yr

The Project Management Intern will be responsible for the following. Other duties may be assigned ... Manages timelines, open issues, cost tracking and internal reporting of project status & risks.

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Cost Management Intern information

Is $30 an hour good for an internship?

For a Cost Management Intern, $30 an hour is considered above average for internships, which typically pay between minimum wage and $20 per hour depending on location and industry. This rate may reflect the internship's responsibilities, required skills, and the company's compensation standards. Interns should also consider benefits, work environment, and opportunities for skill development when evaluating pay.

What skills are needed for cost management?

Cost management interns need strong analytical skills to assess budgets and expenses, attention to detail to ensure accuracy, and proficiency with spreadsheets and financial software. Good communication skills are also important for collaborating with teams and presenting findings effectively.

Is 23 an hour good for an internship?

For a Cost Management Intern, $23 an hour is generally considered above average for internships, which often pay between minimum wage and $20 per hour depending on location and industry. This rate may reflect the internship's responsibilities, required skills, and the company's pay scale. Interns should also consider benefits, work environment, and opportunities for skill development when evaluating compensation.

What is the difference between Cost Management Intern vs Cost Analyst?

AspectCost Management InternCost Analyst
Required CredentialsTypically pursuing or recent graduate in finance, accounting, or related fieldBachelor's degree in finance, accounting, or related field; some roles prefer certifications
Work EnvironmentInternship setting, often in corporate finance or project teamsFull-time role in finance departments, consulting firms, or manufacturing companies
Employer & Industry UsageUsed in various industries as an entry-level position for learning cost managementCommonly employed in industries like manufacturing, construction, and consulting for cost analysis

The main difference between a Cost Management Intern and a Cost Analyst lies in experience and responsibilities. Interns are typically in training, assisting with basic tasks, while Cost Analysts handle detailed cost analysis, budgeting, and reporting. Internships serve as a stepping stone toward becoming a full-fledged Cost Analyst.

What are the big 4 internships?

The Big 4 internships refer to internship programs offered by Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG. These firms provide opportunities in areas such as audit, consulting, tax, and advisory, often targeting students pursuing degrees in accounting, finance, or related fields. Internships typically last 8-12 weeks and can lead to full-time offers for qualified candidates.
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What states have the most Cost Management Intern jobs? States with the most job openings for Cost Management Intern jobs include:

Supply Chain Strategic Sourcing & Cost Management - Intern

Mitsubishi Heavy Industries Group

Lake Mary, FL โ€ข On-site

Other

Posted 6 days ago


Job description

Supply Chain (Global Sourcing) Associate Internship

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Company Overview

At Mitsubishi Power, we're not just building better clean energy technologies; we're architecting a better future. Our team is boldly redefining power generation to accelerate the world's energy transition. We operate as one team, pushing toward our vision of the future. We value problem solvers, prioritize collaboration, and support each other in an inclusive culture built on accountability and authenticity by demonstrating our values: Safety, Family, Innovative, Inclusive, Accountable & Courageous. Together, we're building the future we all aspire to - making net zero a reality.

Role Overview

This position is responsible for supporting supply chain personnel with ongoing project supply chain activities. This includes involvement with procuring goods and services such as raw materials, equipment, tools, parts, supplies, advertising, and other materials. The learning objectives for this internship include a basic understanding of the Procurement Process, from issuing Requests for Quotes to issuing Purchase Orders, monitoring vendor performance, maintaining vendor relations, and working as a team member to ensure on-time delivery of materials and equipment required to support project schedules while obtaining the correct quality and quantity of materials and equipment at the lowest end cost.

Key Responsibilities

  • Understand, establish, and issue Requests for Proposal (RFP) and Requests for Quote (RFQ) for Auxiliary and Balance of Plant (BOP) procurements
  • Establish, evaluate, and select suppliers to develop a qualified supplier base
  • Review and evaluate monthly global sourcing data to make decisions that support company direction and growth
  • Review bid proposals and negotiate contracts within budgetary limitations and scope of authority
  • Manage contracts to verify vendor compliance to contract requirements
  • Discuss defective or unacceptable goods or services with inspection or quality control personnel, users, vendors, and others to determine source of trouble and take corrective action
  • Performance review of suppliers for quality, delivery, and reliability
  • Establish long-term agreements with suppliers
  • Support major procurement activities including procurement of capital equipment and new projects
  • Problem solving of BOP and procurement issues as they arise
  • Maintain procurement records such as items or services purchased, costs, delivery, product quality, or performance
  • Provide support to upper management in effort to meet corporate goals, objectives, and projects
  • Perform other duties as required

Other Duties and Responsibilities

  • Comply with all safety policies, practices, and procedures, reporting unsafe activities to Management and/or Human Resources
  • Participate in proactive team efforts and leadership to achieve departmental, company, and individual goals and objectives
  • Contribute to building a positive team spirit
  • Communicate effectively with subordinates and management at all levels
  • Protect confidential information by not communicating, disclosing to, or using for benefit of third parties
  • Maintain the highest degree of honesty and integrity at all times
  • Perform other duties as required

Knowledge, Skills & Education

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:
Must be currently enrolled in a Bachelor's degree (B.S.) at a four-year college or university and have interest in learning or experience with supply chain, buying, selling, contracts, cost reductions, or budgets. Bilingual Spanish/English a plus but not required.

Language Skills:
Ability to read, analyze, and interpret general business periodicals, engineering drawings, engineering specifications for material, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills:
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills:
Basic personal computer skills including electronic mail, word processing, spreadsheet, and basic database. Must have experience with MS Office Outlook, Word, Excel (Pivot tables, VLOOKUP, etc.), PowerPoint.

Management Skills:
Ability to effectively communicate job tasks, goals, and projects to global sourcing staff as well as manage and delegate when necessary.

Physical Demands & Work Environment

Regularly required to sit and talk or hear. Occasionally required to stand and walk. Occasionally lift and/or move up to 10 pounds. The noise level in the work environment is usually quiet. Hearing protection may be recommended and/or required in some areas.