Economists

Economists spend their days gathering, processing, and analyzing data to solve economic problems. Using computers and mathematical models, they study trends related to fiscal policy, resources, and goods. This investigative work requires strong critical thinking, reading comprehension, and active listening skills to interpret complex information.

In addition to analyzing data, economists must communicate their findings clearly. They write reports and deliver presentations to explain economic trends to managers, clients, or the public. The role demands knowledge of economics, accounting, mathematics, and the English language. Success in this field relies on work styles such as intellectual curiosity, attention to detail, dependability, and a tolerance for ambiguity.

Entering this career typically requires extensive academic preparation. The standard entry-level credential is a master's degree, though many positions require a doctoral degree or other advanced graduate education. Students often prepare by majoring in economics, applied mathematics, political science and government, or business and managerial economics. Other relevant majors include agricultural business and management, environmental policy, or philosophy, politics, and economics.

While not always mandatory, professionals can earn specialized credentials to boost their qualifications. For example, the National Development Council offers the Economic Development Finance Professional certification.

The median annual wage for economists is $124,720. Earnings can vary significantly based on experience, sector, and education, with the lowest 10 percent earning under $67,360 and the highest 10 percent earning over $238,060.

There are 17,790 people employed in this occupation. Between 2025 and 2035, employment is projected to grow by 4.7 percent, which is as fast as the average for all occupations. This growth is expected to result in approximately 1,100 job openings each year.