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Careersβ€ΊRolesβ€ΊEconomics Faculty Member
Mid-Level

Economics Faculty Member

Teaching and researching how economies work, from markets to policy, you split your life between the lecture hall and your own research. Studying the economy while training the next economists.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
S
I
C
E
A
R
Socialhelping, teaching
Investigativeanalytical, curious
Based on Holland Code framework
Industries that often hire Economics Faculty Members
Education Β· 100%
Job markets for Economics Faculty Members
Employment concentration Β· ~51 areas
Based on employment in related occupations
Mapped SOC categories:
Education
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Economics Faculty Member

Your work splits between teaching courses, advising students, and producing research, publishing, presenting, and modeling, on the academic calendar. You guide students through theory, data, and debate. The teaching and research pull at the same hours, and the pre-tenure years can be intense and high-pressure.

What's harder than expected is the tight job market and publish-or-perish pressure: top journals are brutal, and tenure is never guaranteed. Students arrive with uneven math, teaching well while researching hard is a constant stretch, and the balance varies by institution.

It tends to fit someone curious, rigorous, and patient with slow academic timelines. If you want fast, applied impact or a lucrative path, academia's pace and pressures can frustrate. But if you love the subject and shaping how students reason about the world, the work tends to stay meaningful well past tenure.

What people in this role value
AchievementHigh
IndependenceAbove avg
RecognitionAbove avg
Working ConditionsAbove avg
RelationshipsModerate
SupportLower
O*NET Work Values survey
✦ Editorial β€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape β€” 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
Financial Services$96K+59%
Energy & Utilities$92K+53%
Professional Services$91K+50%
Technology & Information$87K+44%
Wholesale & Distribution$66K+10%
Compared to Education average across all industries
1 BLS OEWS May 2024 covers all Economics Faculty Members (SOC 25-1063.00), not just this title Β· BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Education β†’
Economics Faculty MemberFinance ProfessorAgricultural Economics ProfessorEconometrics ProfessorLabor Economics ProfessorEconomics Adjunct ProfessorAdjunct Economics InstructorIndustrial Economics TeacherEconomics Assistant ProfessorAgricultural Economics Teacher
Exploring the Economics Faculty Member career path? Truest helps you figure out if it's the right fit β€” and plan your path forward.
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✦ Editorial β€” 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 β€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$58K–$217K
Salary Range
10th – 90th percentile
12K
U.S. Employment
+2.1%
10yr Growth
1K
Annual Openings

How this category is changing

$74K$72K$69K$67K$65K201920202021202220232024$65K$74K
BLS OEWS May 2024 Β· BLS Employment Projections 2024–2034

Skills & Requirements

SpeakingActive ListeningReading ComprehensionWritingInstructingCritical ThinkingLearning StrategiesActive LearningJudgment and Decision MakingMathematics
O*NET OnLine Β· Bureau of Labor Statistics
Mapped SOC Codes
25-1063.00

Explore related roles

Roles with similar work and overlapping career paths

midFinance Professor$109KmidAgricultural Economics Professor$103KmidEconometrics Professor$120KmidLabor Economics Professor$120KmidEconomics Adjunct Professor$120KmidAdjunct Economics Instructor$120K
View all Education roles β†’

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