Economists

Job Zone 5 - Extensive preparation needed

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.

Pay & job outlook

Median pay: $124,720/yr (U.S. national, May 2025)

$67,360$238,060

Typical range nationwide (10th–90th percentile). This is a population snapshot, not a personal prediction - actual pay varies by location, employer, and experience.

Job outlook: +1.2% projected growth, 2024–2034 — about as fast as average.

About 900 openings per year, on average, over the decade.

Typical entry-level education: Master's degree.

Source: U.S. Bureau of Labor Statistics, OEWS and Employment Projections.

Top skills

Critical ThinkingMathematicsReading ComprehensionActive ListeningWritingJudgment and Decision MakingSpeakingComplex Problem SolvingActive LearningInstructing

Top knowledge areas

MathematicsEconomics and AccountingEnglish LanguageComputers and ElectronicsEducation and TrainingCommunications and MediaLaw and GovernmentAdministration and Management

Core tasks

• Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

• 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.

• Explain economic impact of policies to the public.

• Review documents written by others.

• Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

• Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

• Supervise research projects and students' study projects.

Frequently asked questions

What's the median pay for Economists?

The median pay for Economists is $124,720 per year, per the U.S. Bureau of Labor Statistics.

What's the job outlook for Economists?

Employment for Economists is projected to change +1.2% from 2024 to 2034 - about as fast as average.

What education is typically required for Economists?

Typical entry-level education: Master's degree.

How many job openings are there each year for Economists?

About 900 openings per year, on average, over the decade.