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Here's how you can become an economist, in five steps:Earn a bachelor's degree.Seek internship opportunities.Earn a master's degree.Find work opportunities.Consider earning a doctoral degree.Hone your skills.Stay current.Seek professional development opportunities.More items...?15-Mar-2021
The educational commitment for becoming an economist is extensive; many jobs in the field require a master's degree or PhD. As a result, it can take anywhere from four to twelve years to complete your schooling.
Step-by-Step Guide to Becoming an EconomistStep One: Earn a Bachelor's Degree (Four Years)Step Two: Research Internship Opportunities (One to Two Years, Optional)Step Three: Pursue a Master's Degree (Two Years)Step Four: Gain Work Experience (Timeline Varies)Step Five: Consider a PhD (Four to Seven Years, Optional)More items...
Top 10 In-Demand Economics CareersSecurities Trader. Median Pay: $130,299.Financial Manager. Median Pay: $129,890.Economist. Median Pay: $129,826.Lawyer. Median Pay: $122,960.Actuary. Median Pay: $121,077.Data Scientist. Median Pay: $116,185.Management Consultant. Median Pay: $103,022.Mathematicians and Statisticians.More items...?
Employment of economists is projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations. About 1,600 openings for economists are projected each year, on average, over the decade.
The national average annual wage of an economist is $116,020, according to the BLS, which is more than double the average annual salary for all occupations, $51,960. However, the average economist salary swings significantly from this depending on the state you're in.
Employment of economists is projected to grow 6 percent from 2016 to 2026, about as fast as the average for all occupations. Businesses and organizations across many industries use economic analysis and quantitative methods to analyze and forecast business, sales, and other economic trends.
You are likely to require an undergraduate degree in economics or a related subject, such as statistics, mathematics, business studies or finance and accounting. Some employers may require you to hold a postgraduate master's degree in economics.
A: Yes. Many of the jobs suited for economics degree holders are currently in demand. Competition for the most lucrative jobs in the field will be stiff, however. You can set yourself apart from the competition by earning an advanced degree or a professional certification in your field.
The majority of economists go to work to the US, Germany and France (11% of the respondents respectively), followed by Switzerland (8%), Italy, Netherlands and the UK (6% respectively). These findings are based on the responses of 355 economists from 68 countries.