Salary for Economists
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Individuals employed as economists study the movement of goods and services and the effects of changes in monetary and fiscal policy. These professionals design and execute studies using econometric and statistical methodologies, and may provide expert opinions and cost-beenfit analyses regarding new or proposed legislation. These professionals also often serve as teachers at the postsecondary level. They are required to have a minimum of a Bachelor's degree, although a signficant majority have doctoral degrees in economics or related subject areas.An Economist usually gets a wage of around 88000 - 132000 based on tenure level. Economists can get an average pay level of One Hundred Twelve Thousand One Hundred dollars on a yearly basis.
Economists obtain the highest pay in Arizona, where they get pay of close to about $146590. Employees with these job titles have the highest salaries in Finance and Insurance, which has average pay scales of $120170.
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The national wage distribution is shown below. To overlay local salaries for an Economist, please select your state.
ANNUAL SALARY
HOURLY RATE
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SALARY TREND
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 40.45 percent nationwide in that time.
INDUSTRIES
Economists tend to make the most in the following industries
| Professional, Scientific, and Technical Services | $120,170 |
| Finance and Insurance | $112,510 |
| Manufacturing | $107,570 |
| Transportation and Warehousing | $101,320 |
| Mining, Quarrying, and Oil and Gas Extraction | $96,720 |
| Other Services (except Public Administration) | $92,830 |
In general, they earn less within the industries below
| Educational Services | $69,860 |
| Administrative, Support and Waste Management Services | $84,550 |
| Management of Companies and Enterprises | $87,700 |
| Public Administration | $91,200 |
| Utilities | $91,940 |
| Other Services (except Public Administration) | $92,830 |
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