Job prospects Cost Engineer in Ontario

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Explore current and future job prospects for people working as a "cost engineer" in Ontario or across Canada.

Job opportunities in Ontario

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Industrial and manufacturing engineers (NOC 21321) in Ontario for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to several new positions.
• Not many positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

What Types of Employers Are Out There?

• Manufacturing companies in areas such as transportation equipment (mostly in motor vehicle and parts), machinery, and computer and electronic goods production
• Professional services, mainly architectural, engineering and related services

What are the Main Trends Affecting Employment?

• Shift towards more advanced manufacturing processes and production systemscould improvejob prospects
• Large investments in automotive manufacturing
• Opportunities exist to determine human resource needs, reduce costs and improve workflow in a broad range of areas, such as supply chain management, healthcare and finance

Skills Do I Need to Succeed?

• Generally, ‘engineering’ is a regulated occupation in Ontario. Individuals must be licensed by Professional Engineers Ontario (PEO) to practise ‘professional’ engineering in the province
• An unlicensed engineering graduate can carry out work in the occupation, however a licensed engineer must take responsibility and sign off on the work
• Knowledge of lean manufacturing practices, Six Sigma methodology, and AutoCAD design software are common requirements

What Other Information Will I Find Helpful?

• In general, Bridging Programs are available to assist internationally trained professionals in various fields enter the labour market more quickly in the province.

Here are some key facts about Industrial and manufacturing engineers in Ontario:

• Approximately 10,750 people work in this occupation.
• Industrial and manufacturing engineers mainly work in the following sectors:
  • Motor vehicle, body, trailer and parts manufacturing (NAICS 3361-3363): 23%
  • Architectural, engineering and design services (NAICS 5413): 11%
  • Computer and electronic product manufacturing (NAICS 334): 7%
  • Miscellaneous manufacturing (NAICS 339): 6%
  • Machinery manufacturing (NAICS 333): 5%
• 75% of industrial and manufacturing engineers work all year, while 25% work only part of the year, compared to 63% and 37% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 43 weeks for all occupations.
• 6% of industrial and manufacturing engineers are self-employed compared to an average of 15% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 79% compared to 52% for all occupations
  • Women: 21% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 9% for all occupations
  • high school diploma or equivalent: less than 5% compared to 25% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 8% for all occupations
  • college certificate or diploma or university certificate below bachelor's: less than 5% compared to 22% for all occupations
  • bachelor's degree: 56% compared to 24% for all occupations
  • university certificate, degree or diploma above bachelor level: 36% compared to 13% for all occupations

Breakdown by region

Explore job prospects in Ontario by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as a "cost engineer" in Ontario or across Canada.

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