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5 steps to becoming an economist Earn a bachelor's degree. ... Seek internship opportunities. ... Earn a master's degree. ... Apply for roles you're interested in pursuing. ... Consider earning a doctoral degree. ... Stay up-to-date with economic trends. ... Be patient. ... Consider working for the government.
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. Find out what the entry requirements are where you live.
To become an Economist you'll need a degree in either Economics, Statistics, Mathematics, Business Studies or Finance and Accounting.
As an applied economist, you might focus on researching and analyzing data to create forecasting models or you may work to translate those statistical figures into information that people without much knowledge of economics can understand.
How much does an Economics Major make? As of , the average annual pay for the Economics Major jobs category in the United States is $73,779 a year. Just in case you need a simple salary calculator, that works out to be approximately $35.47 an hour. This is the equivalent of $1,418/week or $6,148/month.
Getting a bachelor's degree in economics can earn you an entry-level economist position in spaces such as government offices or as a research assistant or business analyst. That said, to pursue a role as a professional economist, it is likely you'll need a master's degree or Ph. D.
Last updated on September 6, 20231, the BLS reports that the number of positions for economists from 2022 through 2032 is expected to grow at a rate of 6% over the decade. This is roughly twice as fast as the economy-wide average; the BLS states that ?The average growth rate for all occupations is 3 percent?.
With a projected growth rate of 6% by 2031, the job outlook for economists continues to grow as quickly as the expected rate for other occupations. This growth is driven by the increasing need for data analysis and economic expertise in a wide range of industries and organizations.