Economists
Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.Salary by State
| State Name | Employment | Annual Salary | Hourly Salary | |
|---|---|---|---|---|
| Alabama | 50 | $111,980 | $53.84 | |
| Alaska | 90 | $111,310 | $53.52 | |
| Arkansas | 120 | $68,130 | $32.76 | |
| California | 1,760 | $137,350 | $66.04 | |
| Colorado | 250 | $105,820 | $50.88 | |
| Connecticut | 160 | $104,830 | $50.40 | |
| District of Columbia | 4,160 | $140,690 | $67.64 | |
| Florida | 350 | $104,470 | $50.23 | |
| Hawaii | 50 | $85,080 | $40.91 | |
| Idaho | 30 | $86,730 | $41.70 | |
| Illinois | 250 | $124,530 | $59.87 | |
| Indiana | 50 | $96,580 | $46.43 | |
| Iowa | 40 | $79,310 | $38.13 | |
| Kentucky | 60 | $74,610 | $35.87 | |
| Maine | 30 | $86,430 | $41.55 | |
| Maryland | 1,030 | $122,690 | $58.99 | |
| Massachusetts | 600 | $121,160 | $58.25 | |
| Michigan | 350 | $109,080 | $52.44 | |
| Minnesota | 210 | $104,840 | $50.41 | |
| Missouri | 300 | $95,010 | $45.68 | |
| Montana | 50 | $80,990 | $38.94 | |
| Nebraska | 60 | $70,390 | $33.84 | |
| Nevada | 90 | $84,300 | $40.53 | |
| New Hampshire | $124,880 | $60.04 | ||
| New Jersey | 140 | $97,300 | $46.78 | |
| New Mexico | 80 | $75,770 | $36.43 | |
| New York | 770 | $152,810 | $73.47 | |
| Ohio | 240 | $108,390 | $52.11 | |
| Oklahoma | 100 | $107,960 | $51.90 | |
| Pennsylvania | 570 | $101,330 | $48.72 | |
| South Carolina | $71,110 | $34.19 | ||
| Tennessee | 40 | $86,590 | $41.63 | |
| Texas | 530 | $107,950 | $51.90 | |
| Utah | 50 | $86,600 | $41.64 | |
| Vermont | $70,330 | $33.81 | ||
| Virginia | 800 | $120,770 | $58.06 | |
| Washington | 420 | $106,460 | $51.19 | |
| Wisconsin | 320 | $80,650 | $38.77 |
Education
The programs listed below are typically the education paths that can land you this kind of job.
A program that focuses on the application of economics to the analysis of resource allocation, productivity, investment, and trends in the agricultural sector, both domestically and internationally. Includes instruction in economics and related subfields as well as applicable agricultural fields.
A program that focuses on the application of economic concepts and methods to the analysis of issues such as air and water pollution, land use planning, waste disposal, invasive species and pest control, conservation policies, and related environmental problems. Includes instruction in cost-benefit analysis, environmental impact assessment, evaluation and assessment of alternative resource management strategies, policy evaluation and monitoring, and descriptive and analytic tools for studying how environmental developments affect the economic system.
A program that focuses on the application of mathematics and statistics to the finance industry, including the development, critique, and use of various financial models. Includes instruction in probability theory, statistical analysis, numerical methods, computation and simulation methods, stochastic processes, economics, and financial markets and applications.
A program of study that focuses on the theoretical and practical connections between computer science and economics. Includes instruction in data analysis, database design, data mining, computer algorithms, economics, econometrics, computer programing, mathematics, and statistics.
A program that focuses on the application of mathematical methods to the development of economic theory, models, and quantitative analysis. Includes instruction in data analysis, applied business economics, calculus, econometrics, linear algebra, microeconomic theory, probability, and statistical methods.
A program that focuses on philosophical foundations, political institutions, collective behavior, economic theory, and economic influences. Includes instruction in econometrics, logic, metaphysics, moral responsibility, philosophy of language, philosophy of perception, philosophy through history, reasoning and persuasion, and social epistemology.
A general program that focuses on the systematic study of the production, conservation and allocation of resources in conditions of scarcity, together with the organizational frameworks related to these processes. Includes instruction in economic theory, micro- and macroeconomics, comparative economic systems, money and banking systems, international economics, quantitative analytical methods, and applications to specific industries and public policy issues.
A program that focuses on the application of economic principles and analytical techniques to the study of particular industries, activities, or the exploitation of particular resources. Includes instruction in economic theory; microeconomic analysis and modeling of specific industries, commodities; the economic consequences of resource allocation decisions; regulatory and consumer factors; and the technical aspects of specific subjects as they relate to economic analysis.
A program that focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. Includes instruction in economic statistics, optimization theory, cost/benefit analysis, price theory, economic modeling, and economic forecasting and evaluation.
A program that focuses on the systematic study of the economic development process and its application to the problems of specific countries and regions. Includes instruction in economic development theory, industrialization, land reform, infrastructural development, investment policy, the role of governments and business in development, international development organizations, and the study of social, health, and environmental influences on economic development.
A program that focuses on the systematic study and analysis of international commercial behavior and trade policy. Includes instruction in international trade theory, tariffs and quotas, commercial policy, trade factor flows, international finance and investment, currency regulation and trade exchange rates and markets, international trade negotiation, and international payments and accounting policy.
Any instructional program in economics not listed above.
A program that focuses on the interaction between politics and economics in the formation of public policy. Includes instruction in microeconomics; macroeconomics; political theory; American, comparative, and international political economy; and quantitative methods.
A program that focuses on the application of economics and policy analysis to the study of the relationship of pharmacy services and pharmaceutical processes and products to the health care system and their impact on health care organizations. Includes instruction in health economics, pharmacoeconomics, health care systems, health care organization and management, statistics and biostatistics, outcomes research, health care policy, pharmacy services, and pharmaceutical industry operations.
A program that focuses on the application of economics principles to the analysis of the organization and operation of business enterprises. Includes instruction in monetary theory, banking and financial systems, theory of competition, pricing theory, wage and salary/incentive theory, analysis of markets, and applications of econometrics and quantitative methods to the study of particular businesses and business problems.
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$120,830 per yearNational average salaryModerateJob growth rate
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Master's degreeTypical education requirement
Educational Attainment
The following chart shows the highest education level completed by those working as economists.
- Less than high school 0%
- High school graduate 0%
- College dropout 0%
- Associate’s degree 0%
- Bachelor’s degree 26%
- Master’s degree 38%
- Doctorate degree 36%
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