Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.
SOC: 19-3011.00
Common Job Titles
Economic Analyst
Economic Consultant
Economist
Forensic Economist
What You'll Need to Succeed
AI-generated
Key competencies for this occupation at a glance
KnowledgeAnalyze economic and statistical data using econometric methods and sampling techniques working independently with statistical software such as Stata, R, SAS, or Python to address production and distribution problems.
Advanced
KnowledgeEvaluate monetary and fiscal policy implications for economic systems considering multiple stakeholder perspectives and complex regulatory constraints.
Advanced
KnowledgeFormulate strategic plans and policy recommendations to address economic challenges synthesizing quantitative analysis with qualitative insights for government agencies or private organizations.
Advanced
KnowledgeInterpret complex mathematical models and quantitative findings for non-technical audiences through written reports, presentations, and consultation with external stakeholders.
Advanced
KnowledgeDesign research methodologies for collecting and processing economic information ensuring validity and reliability in data collection under resource and time constraints.
Advanced
KnowledgeDevelop quantitative models and forecasts to estimate characteristics of economic products and events working with databases using SQL and managing large datasets across multiple platforms.
Advanced
KnowledgeApply advanced mathematical and statistical techniques including regression analysis and time series modeling using tools such as MATLAB, SPSS, or EViews to forecast economic trends.
Proficient
KnowledgeAssess the impact of market trends, regulatory changes, and global events on economic outcomes integrating knowledge of economics, accounting, law, and government within interdisciplinary teams.
Proficient
MindsetAdvocate for evidence-based policy decisions to government officials, business leaders, and the public when communicating findings that may challenge prevailing assumptions or political preferences.
Proficient
KnowledgeSynthesize information from diverse sources including historical data, geographic patterns, and sociological trends to update knowledge continuously and maintain relevance in a rapidly evolving field.
Proficient
KnowledgeExplain economic concepts, theories, and empirical findings through teaching and training in academic, government, or corporate settings to build capacity in economic analysis.
Proficient
MindsetEngage with supervisors, peers, and external clients to coordinate economic research projects establishing and maintaining interpersonal relationships within collaborative environments.
Developing
Wage Data According to the Bureau of Labor Statistics
Annual wage data for Economists (2024)
Estimated Total Employment (U.S.)
15,880
Wage Distribution by Percentile
Line chart of annual wages by percentile. U.S. is the solid line. 10th percentile: U.S. $62,340. 25th percentile: U.S. $82,260. 50th percentile: U.S. $115,440. 75th percentile: U.S. $166,030. 90th percentile: U.S. $212,710. Use the left and right arrow keys to move between percentiles.
U.S.
Metric
U.S.
10% of workers earn the following or less
$62,340
10% of workers earn the following or more
$212,710
Workers on average earn
$130,910
+ indicates wage is at or above the BLS reporting cap ($239,200/year)
Skills & Requirements
Key competencies for this occupation, ranked by importance
Mathematics4.5/5
Economics and Accounting4.5/5
English Language4.0/5
Computers and Electronics3.8/5
Education and Training3.1/5
Skills & Requirements: Knowledge
Tools & Technology
Equipment and software commonly used in this occupation
