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Careers / Economists |
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| Job Description |
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| Job Requirements |
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Experience: Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job. |
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Education: Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree). |
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Training: Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training. |
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| Significant Points |
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(Abstract from Career Articles) |
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Economists |
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Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.
Although the majority of economists work independently in an office, some collaborate with other economists and statisticians. Most economists work full time during regular business hours, but occasionally they work overtime to meet deadlines.
Most economists need a master's degree or Ph.D. However, some entry-level jobs—primarily in the federal government—are available for workers with a bachelor's degree.
The median annual wage for economists was $99,180 in May 2015.
Employment of economists is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. Job prospects should be best for those with a master's degree or Ph.D., strong analytical skills, and related work experience.
Explore resources for employment and wages by state and area for economists.
Compare the job duties, education, job growth, and pay of economists with similar occupations.
Learn more about economists by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations. |
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| Top Ten Industries |
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U.S. National Figures. |
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| Economists |
| Federal Executive Branch (OES Designation) |
4,220 |
| Scientific Research and Development Services |
3,790 |
| Management, Scientific, and Technical Consulting Services |
2,750 |
| State Government, excluding schools and hospitals (OES Designation) |
1,730 |
| Local Government, excluding schools and hospitals (OES Designation) |
1,150 |
| Colleges, Universities, and Professional Schools |
710 |
| Grantmaking and Giving Services |
530 |
| Business, Professional, Labor, Political, and Similar Organizations |
480 |
| Monetary Authorities-Central Bank |
440 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
320 |
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| Career Video |
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| Related Careers |
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| Salaries |
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| Related Majors & Degrees |
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Next Page >> |
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| Interesting Fact |
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| Nearly six out of seven gynecologists in America are men. |
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| Did you know... |
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| With the Career Query Tool you can search our career profile database by setting specific criteria, such as salary, location and educational requirements! |
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