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65WX Career Guide

Air Force

65WX: Cost Analysis Officer

Career transition guide for Air Force Cost Analysis Officer (65WX)

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Civilian Career Pathways

Top civilian roles for 65WX veterans, with average salary and market demand data.

Cost Analyst

$85K
High matchHigh demand

Management Analyst

$90K
High matchHigh demand

Budget Analyst

$82K
High matchHigh demand

Financial Analyst

$88K
Good matchHigh demand

Skills to develop:

Chartered Financial Analyst (CFA) certification

Project Manager

$95K
Good matchVery high demand

Skills to develop:

Project Management Professional (PMP) certification

Salary estimates from VWC career data

Hidden Strengths

Cognitive skills your 65WX training built — and where they transfer.

System Modeling

You built models to predict costs and analyze the performance of complex systems, including weapon systems and support activities, ensuring resources were allocated efficiently.

Your expertise in system modeling translates directly into the ability to understand and optimize complex systems in various industries, identifying potential bottlenecks and areas for improvement.

Resource Optimization

You optimized resource allocation by conducting cost-benefit analyses and trade-off studies, ensuring that financial resources were used effectively in alignment with strategic goals.

Your proficiency in resource optimization makes you adept at identifying opportunities for cost savings and efficiency improvements, crucial for any organization seeking to maximize its return on investment.

Adversarial Thinking

You used adversarial thinking to evaluate contractor proposals, assess risks, and challenge assumptions in cost estimates, ensuring the government received the best value for its investments.

Your ability to critically evaluate information, identify potential weaknesses, and anticipate challenges makes you a valuable asset in any role requiring strategic thinking and risk management.

After-Action Analysis

You conducted after-action analysis to evaluate the effectiveness of programs and identify areas for improvement, contributing to the continuous refinement of financial and programmatic decision-making processes.

Your experience in after-action analysis enables you to systematically review past performance, extract valuable lessons learned, and implement changes to enhance future outcomes.

Non-Obvious Career Matches

Management Consultant

SOC 13-1111

You've been providing commanders with the technical and quantitative information needed for financial decisions. As a management consultant, you'll apply your analytical skills to help businesses improve their performance and efficiency.

Actuary

SOC 15-2011

You've been analyzing risk and estimating costs for the Air Force. As an actuary, you'll use those same skills to assess financial risks for insurance companies, pension funds, and other organizations.

Investment Analyst

SOC 13-2051

You've been performing economic analyses and evaluating the performance of systems. As an investment analyst, you'll use similar skills to assess investment opportunities and advise clients on financial strategies.

Data Scientist

SOC 15-2051

You've been developing cost estimating relationships and factors. As a Data Scientist you will leverage this expertise, but now working with modern machine learning algorithms to determine key data insights for businesses.

Training & Education Equivalencies

Financial Management Officer School, Sheppard AFB

320 training hours8 weeksUp to 6 semester hours in economics, finance, or quantitative methods recommended

Topics Covered

  • Cost Estimating Techniques
  • Economic Analysis
  • Budget Justification
  • Acquisition Cost Management
  • Statistical Analysis
  • Risk Analysis
  • Program Evaluation

Certification Pathways

Partial Coverage

Certified Cost Professional (CCP)70% covered

Requires study of specific AACE International methodologies and practices, particularly in areas like earned value management and advanced cost estimating techniques. Focus on the exam's specific body of knowledge.

Certified Management Accountant (CMA)50% covered

Needs to study corporate accounting, financial statement analysis, and advanced business strategy concepts not directly covered in military cost analysis. Focus on Part 1 and Part 2 of the CMA exam.

Recommended Next Certifications

Project Management Professional (PMP)Certified Defense Financial Manager (CDFM)Certified Government Financial Manager (CGFM)

Technical Systems Translation

Military systems you've used and their civilian equivalents for your resume.

Military SystemCivilian Equivalent
Automated Cost Estimating Integrated Tools (ACEIT)Cost estimating software (e.g., SEER, PRICE Systems)
Comprehensive Cost and Requirement System (CCaR)ERP systems for financial planning and budgeting (e.g., SAP, Oracle)
Defense Acquisition Management Information Retrieval (DAMIR)Market research and competitive intelligence platforms (e.g., Bloomberg Terminal, IHS Markit)
Economic Analysis Handbook (EAH)Financial modeling and analysis software (e.g., @Risk, Crystal Ball)
Air Force Budgeting Allocation and Reporting System (AFBARS)Governmental accounting and financial reporting software (e.g., CGI Advantage, FreeBalance)
Visibility and Management of Operating and Support Costs (VAMOSC)Life cycle cost analysis tools (e.g., LCCA software)
Program Objective Memorandum (POM)Strategic planning and resource allocation platforms (e.g., Planview Enterprise One, Workfront)

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