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Careers›Roles›Economist
Mid-Level

Economist

Why people, markets, and money behave the way they do is your subject — building models, crunching data, and drawing out conclusions that shape policy or strategy. Making sense of the forces that move an economy.

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 Economists
Wholesale & DistributionGovernment · 54%Professional Services · 25%Financial Services · 10%Consumer Services · 3%Education · 2%
Job markets for Economists
Where Economist jobs concentrate · ~56 metro 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 Economist

Most of the work is research and analysis — gathering data, building or applying models, testing ideas against evidence, and translating the results for people who'll act on them. You live in data and theory both, and a model is only as good as its assumptions. Much of the craft is knowing when the numbers are lying to you.

Where you work shapes everything. Academia rewards publishing and theory; government and industry want forecasts and decisions on a timeline. The data is messy, the world refuses to stay still, and confident predictions often age badly. For many, the humbling part is drawing firm conclusions from imperfect evidence.

It tends to suit the analytical and intellectually curious — people comfortable with math, ambiguity, and being wrong sometimes. If you want certainty or hands-on building, economics' fuzziness may frustrate. But if explaining the hidden logic behind how the world works appeals, the field is broad, influential, and durable.

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

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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 Economists (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 →
EconomistInternational Trade SpecialistResearch AnalystPolicy AdvisorPolicy OfficerEconomic DeveloperForecast AnalystResearch EconomistAgricultural EconomistEnvironmental EconomistEconometricianEconomic AdvisorForest EconomistHealth EconomistEconomic SpecialistFinancial EconomistEconomic Research AnalystHealth Economics ConsultantHealthcare Economics AnalystEconomic Development SpecialistHealthcare Economics Consultant

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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 Economist pay & employment are changing

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

Skills & Requirements

Critical ThinkingReading ComprehensionMathematicsActive ListeningSpeakingWritingJudgment and Decision MakingComplex Problem SolvingActive LearningSystems Evaluation
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 →

Common questions about what it's like to be an Economist

What does an Economist do?

Why people, markets, and money behave the way they do is your subject — building models, crunching data, and drawing out conclusions that shape policy or strategy. Making sense of the forces that move an economy.

How much does an Economist make?

Median pay for an Economist is about $115K nationally, with the field ranging roughly from $62K to $213K depending on experience, employer, and metro (BLS).

What skills does an Economist need?

Core skills for this role include Critical Thinking, Reading Comprehension, Mathematics, Active Listening, and Speaking.

What education do you need to be an Economist?

Most people in this role hold a master's degree.

Is an Economist in demand?

Employment in this field is projected to grow about 1.2% through 2034, with roughly 15,880 people working in it today (BLS).

What jobs are similar to an Economist?

Closely related roles include International Trade Specialist, Research Analyst, and Senior Research Analyst.

Still figuring out what you want to become
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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.

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