Median Annual Wage: $95,710
Education: Doctoral degree (58%); Master's degree (29%); Bachelor's degree (8%)
Projected Growth: Average (8% to 14%)
Related Job Titles: Research Analyst; Professor; Economist; Economic Analyst; Economic Consultant; Project Economist; Forensic Economist; Health Researcher; Economic Analysis Director; Professor of Economics
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Source: O*NET OnLine information for Economists.
More Life, Physical, and Social Science Careers
- Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
- Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
- Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
- Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
- Supervise research projects and students' study projects.
- Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
- Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
- Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
- Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources.
- Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations based on cost-benefit analyses.
Source: O*NET OnLine information for Economists.
- Mathematics - Using mathematics to solve problems.
- Speaking - Talking to others to convey information effectively.
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Writing - Communicating effectively in writing as appropriate for the needs of the audience.
- Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
- Instructing - Teaching others how to do something.
Source: O*NET OnLine information for Economists.