Economist at a Glance

Projected Job Growth

  • +0% Job Growth for
    Economist

  • 2013
  • 2023

Average Salary for Economist

  • $0 Annual Pay
    National Average
  • $0 Hourly Pay
    National Average

Best States for Economist

  Employment
in 2011
Average
Annual Salary
Average
Hourly Pay
District of Columbia 4,130 $112,250 $54
Massachusetts 820 $97,440 $47
Alaska 90 $84,730 $41

Becoming an Economist

Most job positions for economists require a master's degree or Ph.D. in economics. A combination of advanced education and related work experience is typically required for positions in business, research, or international organizations. Candidates with a bachelor's degree in economics will qualify for some entry-level positions, including jobs with the federal government as well as jobs as research assistants, financial analysts, or market analysts.

Many schools offer on-campus and online bachelor's and master's degrees in economics. Economics majors are taught the applications of economic theory, how to collect and analyze economic data, and how to effectively present the results of their research. Some programs offer a concentration in a specialized area, such as economic development or business economics, and the opportunity to participate in a research internship. A sampling of classes you may take in an economics degree program, drawn from course listings for the University of North Dakota's online master of science in applied economics program, include the following:

  • Empirical Methods in Economics
  • Mathematics for Economists
  • Advanced Macroeconomic Theory
  • Applied Economic Analysis

Economists should possess strong analytical, critical-thinking, math, and public speaking skills. Internships can provide valuable experience in collecting and analyzing economic data. Potential employers will favor candidates with previous economist-related job experience, including internships or employment in the fields of business or finance.