All careersEngineering & science

Economist

$124,720
median / year
$67,360 – $238,060
what most earn per year (10th–90th percentile)

What the job actually is

Study how people, businesses, and governments use resources, and analyze data to forecast trends.

You may also see this posted as: Economic Analyst, Economic Consultant, Forensic Economist, Economic Advisor, Economic Development Specialist, Project Economist.

Where you work

Government, research, and corporate offices.

The hours

Regular full-time weekday schedule

The day to day

What you'd actually spend time doing

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
  • Explain economic impact of policies to the public.
  • Review documents written by others.

Good fit if you like…

Investigative

solving problems, analyzing evidence, and figuring out how things work

Conventional

organizing information, following systems, and getting details right

Enterprising

leading, persuading, selling, or turning an idea into action

O*NET job zone 5 of 5

Extensive preparation—often graduate education and significant experience—is common.

Work styles that matter most

Intellectual CuriosityAttention to DetailAchievement OrientationDependability

Software that shows up in the work

Examples employers report—not a checklist you must already know.

Microsoft AccessMicrosoft ExcelMicrosoft Office softwareMicrosoft Power BIMicrosoft PowerPointPython

By the numbers

May 2025 BLS wage & employment data · 2024–34 BLS employment projections.

Median pay
$124,720
per year
Hourly median
$59.96
per hour
What most earn
$67,360–$238,060
yearly, 10th to 90th percentile
Openings a year
~900
projected, 2024–34
Outlook to 2034
+1.2%
Little change
Working in the U.S.
17,790
people, nationwide

Openings a year counts new jobs plus the ones that open when people retire or move on — a truer picture of your odds than growth alone.

“Median” means half earn more and half earn less. Your city, employer, and years on the job move it a lot — that is what the 10th-to-90th range shows.

BLS estimates 3.7% of workers in this occupation are self-employed.

What it pays in your state

Statewide medians are a better starting point than the national number. Your city and experience still matter.

BLS state wage tables

How you get in

Typical starting education

Master's degree

Training path: Master's degree.

Related work experience: None.

On-the-job training: None.

License or certification

No license required to start in most places.

Check the path where you live

Licensing rules and available programs change by state. These federal tools take you to the current official listings.

What it takes

Data analysisStatisticsModelingReport writing

The honest take

Strong pay for those who make it in, but a small field that leans on graduate credentials.

Standard Occupational Classification 19-3011. Pay and employment from the BLS May 2025 OEWS survey; outlook and openings from the 2024–34 employment projections; job context from the Occupational Outlook Handbook; tasks, interests, work styles, software examples, and job zone from O*NET 30.3. See something off? Tell us.