Economist Career Field

Career Overview

An economist studies and researches how societies and nations utilize resources to produce goods and service to keep an economy running. Economists also develop methods to obtain their data. They also prepare reports with tables and charts to present their research in an understandable way. They may also predict trends in the economy based on their research. Most economists find jobs working in the business, finance, insurance, and governmental areas.

Education Requirements

Master’s Degree in Economics
Ph.D. Degree in Economics

Competition for jobs in this field is fierce. Most companies require at least a master’s degree to get hired for an entry-level economist position. For most top level jobs, a PhD. degree in economics is required. Most economists can specialize in a specific area while obtaining their master’s degree. Some of these specialty areas include econometrics, international economics, and labor economics.


Principles of Microeconomics and Macroeconomics
Introduction to Econometrics
Introduction to Statistics
Introduction to Mathematical Economics
Microcomputer Applications in Economics
Geometry, Calculus, and Advanced Mathematics
Advanced Micro- and Macroeconomics
Quantitative Analysis and Reporting
Advanced Statistics
Advanced Calculus

Employment Trends

Job Availability as of May 2008 for: 14,600
Projected Employment in 2018 of: 15,500
Average Annual Salary for Economists in U.S. in 2008: $83,590

Top Colleges

University of Phoenix
Ashford University
Strayer University
Kaplan University
Grand Canyon University

Related Jobs

Accountants and auditors
Budget analysts
Cost estimators
Financial analysts
Financial managers
Insurance underwriters
Loan officers
Personal financial advisors
Purchasing managers, buyers, and purchasing agents

Article Reference: Bureau of Labor Statistics


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