Economist Salary

Economists in the United States take home an average $74K annually. In the world of Economists, overall cash allowance can occasionally include more than $21K from bonuses and, in some exceptional cases, $12K from profit sharing, causing incomes to vary widely between $43K and $141K. This group's pay is mainly influenced by career duration, followed by geography and the individual firm. Medical benefits are awarded to nearly all, and the larger part earn dental coverage. Generally, women make up less than a third of all Economists who answered the questionnnaire. Work is enjoyable for Economists, who typically claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$43,025 - $130,539
(Median)
$43K
$74K
$130K
MEDIAN: $74,447
10%
50%
90%

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$14.88 - $58.72
(Median)
$15
$26
$59
MEDIAN: $25.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$43,025 - $130,539  
   
Bonus
$0.00 - $20,505  
Profit Sharing
$1,184 - $11,896  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,933 - $141,131  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,045
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$14.88 - $58.72  
   
Overtime
$0.00 - $37.19  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $20,505  
   
Profit Sharing
$1,184 - $11,896  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,933 - $141,131  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 42
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Job Description for Economist

Economists advise businesses and/or government organizations in different aspects of economics. Topics vary greatly, and they can include tax rates, health statistics, energy facts, transportation, international trade, and development.

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Economist Tasks

  • Compile reports and illustrations of research findings.
  • Devise methods for data collection, sampling, and processing in regard to finance, labor, agriculture, commodities, trade, etc.
  • Design and conduct research to identify trends, formulate forecast models.
  • Advise the government, agencies, corporations, and/or banks about the adoption of financial policies.

Economist Job Listings

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Popular Employer Salaries for Economist


U.S. Department of The Treasury leads the field in terms of pay, with a median salary of $106K.

Popular Skills for Economist


Economists report using a deep pool of skills on the job. Most notably, skills in Policy Analysis, Data Modeling, Econometrics, and Statistical Analysis are correlated to pay that is above average, with boosts in pay of 12 percent. Microsoft Excel and Technical Writing, on the other hand, are typically associated with much lower pay. Those familiar with Data Analysis also tend to know Policy Analysis.

Pay by Experience Level for Economist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Economists with a rich background of experience are typically rewarded with larger paychecks. Those in the early stages of their career can expect to make around $63K; however, individuals with five to 10 years of experience bring in $90K on average — a distinctly larger sum. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $104K. Economists who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $125K.

Pay Difference by Location

National Average: $75,102

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 37 percent, Economists in San Francisco receive some of the highest pay in the country. Economists can also look forward to large paychecks in cities like Seattle (+25 percent), Washington (+22 percent), Los Angeles (+10 percent), and Atlanta (+6 percent). One of the biggest compensable factors for Economists is geography, with workers in Austin earning a whopping 28 percent below the national average. Employers pay around 25 percent less in Raleigh and 22 percent less in Philadelphia, below-median salaries for those in this field.

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Experience Affects Economist Salaries




National Average
$75,000


Skills That Affect Economist Salaries



Econometrics
up arrow 11%


SAS
up arrow 8%


Data Analysis
0%

R
0%

National Average
$75,000

Financial Analysis
up arrow 2%

Technical Writing
up arrow 16%

Microsoft Excel
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 142 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
16%
1-4 years
44%
5-9 years
18%
10-19 years
13%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 67%
medical benefits
Vision: 56%
dental benefits
None: 8%
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