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A cost engineer is an engineer whose judgment and experience are utilized in the application of scientific principles and techniques to problems of estimation; cost control; business planning and management science; profitability analysis; project management; and planning and scheduling.. Contents.ost engineering is a field of engineering practice that began in the 1950s (AACE International was founded in 1956). The skills and knowledge areas of Cost Engineers are similar to those of Quantity Surveyors.
An automotive engineer starts out in the $50,000-$60,000 range. As you are one longer, your pay goes up. Average pay for someone who has been one 20 years or more makes in the $90,000-$120,000 range.