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Approximately one-third of all economists are employed by the government. Financial Institution Examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.
The data shows that there are currently about 17,600 economists employed in non-academic roles in the US. 6% job growth means that by 2032, the BLS expects there to be about 18,650 non-academic economists employed in the US (though they also project 1,100 new positions, which would represent a 6.5% increase).
To become an Economist you'll need a degree in either Economics, Statistics, Mathematics, Business Studies or Finance and Accounting.
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.
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.
How much does an Economist make in Baltimore, Maryland? As of , the average annual pay for an Economist in Baltimore is $80,085 a year. Just in case you need a simple salary calculator, that works out to be approximately $38.50 an hour. This is the equivalent of $1,540/week or $6,673/month.
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?.