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An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy.
Economists should also possess the following specific qualities:Analytical skills. Economists must be able to review data, observe patterns, and draw logical conclusions.Communication skills.Critical-thinking skills.Detail oriented.Math skills.Writing skills.
A master's degree or Ph. D. is required for most economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience. In addition, courses that introduce students to statistical analysis software are helpful.
Many economists work in federal, state, and local government. Federal government economists collect and analyze data about the U.S. economy, including employment, prices, productivity, and wages, among other types of data.
Here are some job options to consider when you're choosing a career path with a degree in economics.Market Research Analyst. AndreyPopov / Getty Images.Economic Consultant.Compensation and Benefits Manager.Actuary.Credit Analyst.Financial Analyst.Policy Analyst.Lawyer.More items...?
10 States Where Economists Earn the Most MoneyNew York average economist salary: $127,520.Virginia average economist salary: $126,080.Ohio average economist salary: $125,490.California average economist salary: $124,430.Massachusetts average economist salary: $117,680.Maryland average economist salary: $116,870.More items...?
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Professional economist careers Possible employers include local and national government, public and private banks, insurance companies, think-tanks, large multinational companies, financial consultancies, accountancy firms and local authorities.
3. Government. There is no shortage of need for an economist in the government sector at all levels. Federal, state and local branches need economic expertise for such positions as urban planners, financial analyst, internal revenue examiner, intelligence specialist, lobbyist and international trade economist.