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14. Economist. Primary duties: Economists study financial trends related to stocks, bonds, spending, exchange rates, inflation and more. They conduct specific research to develop forecasts and inform organizations like corporations or government entities.
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).
The Bureau also projects that job opportunities for economists will grow by 13% between 2020 and 2030, which exceeds the average for both social scientists and all occupations.
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.
The estimated total pay for a Economist is $151,615 per year in the United States area, with an average salary of $114,175 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
Employment of economists is projected to grow 6 percent from 2022 to 2032, faster than the average for all occupations. About 1,200 openings for economists are projected each year, on average, over the decade.
The average salary for an economist in Pennsylvania is around $98,400 per year.
A bachelor's degree in economics is enough for an entry-level position, but high-earning jobs in competitive industries may require a master's degree in finance or business administration. ing to the BLS, average salaries vary widely depending on the industry.