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Careers›Roles›Economic Advisor
Mid-Level

Economic Advisor

Leaders lean on you to make sense of the economy and what their choices will cost or earn, translating data and forecasts into advice they can act on. The economic ear behind consequential decisions.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
I
C
E
A
S
R
Investigativeanalytical, curious
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Industries that often hire Economic Advisors
Wholesale & DistributionGovernment · 54%Professional Services · 25%Financial Services · 10%Consumer Services · 3%Education · 2%
Job markets for Economic Advisors
Employment concentration · ~56 areas
Based on employment in related occupations
Mapped SOC categories:
Science
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Economic Advisor

The work runs through analyzing economic data and trends, building forecasts, assessing policy or business options, and briefing decision-makers in plain terms. A lot of the job is translating complex analysis into clear advice, and you have to be honest about uncertainty while people want a confident number.

What surprises people is that good analysis doesn't guarantee good decisions: politics, values, and competing interests shape outcomes. Data is often incomplete, forecasts are routinely wrong, and you own it, and your advice may be ignored or overruled. The role spans government, finance, and consulting, each with its own pressures.

It tends to fit someone analytical, articulate, and comfortable with uncertainty. If you need clean answers or direct control over outcomes, the ambiguity and politics can frustrate. But if you like applying economics to real, high-stakes choices, and advising the people who decide, the work tends to be genuinely engaging.

What people in this role value
Working ConditionsAbove avg
IndependenceAbove avg
AchievementAbove avg
RecognitionAbove avg
SupportLower
RelationshipsLower
O*NET Work Values survey
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape — and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Professional Services$92K+15%
Technology & Information$91K+13%
Energy & Utilities$82K+2%
Financial Services$81K+2%
Wholesale & Distribution$79K-1%
Compared to Science average across all industries
1 BLS OEWS May 2024 covers all Economic Advisors (SOC 19-3011.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Science →
Economic AdvisorInternational Trade SpecialistResearch AnalystPolicy AdvisorPolicy OfficerEconomic DeveloperForecast AnalystResearch EconomistAgricultural EconomistEnvironmental EconomistEconomistEconometricianEconomic SpecialistFinancial EconomistEconomic Research Analyst
Exploring the Economic Advisor career path? Truest helps you figure out if it's the right fit — and plan your path forward.
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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$62K–$213K
Salary Range
10th – 90th percentile
16K
U.S. Employment
+1.2%
10yr Growth
900
Annual Openings

How this category is changing

$77K$74K$71K$68K$65K201920202021202220232024$65K$77K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

MathematicsCritical ThinkingReading ComprehensionJudgment and Decision MakingSpeakingWritingActive ListeningComplex Problem SolvingActive LearningInstructing
O*NET OnLine · Bureau of Labor Statistics
Mapped SOC Codes
19-3011.00

Explore related roles

Roles with similar work and overlapping career paths

midInternational Trade Specialist$90KmidResearch Analyst$100KseniorSenior Research Analyst$100KmidPolicy Advisor$112KmidPolicy Officer$112KmidEconomic Developer$100K
View all Science roles →

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.