Economist Salary

Earnings for Economists in the United States come in at around $76K annually on average. Total cash compensation to Economists bottoms out near $43K and approaches $144K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $12K from profit sharing. The most influential factor affecting pay for this group is career length, though geography and the particular employer have a (lesser) impact as well. Job satisfaction is reported as high by the vast majority of workers. Male Economists are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to nearly all, and the greater part earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$43,644 - $134,121

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$15.19 - $59.60

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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
$43,644 - $134,121  
   
Bonus
$0.00 - $20,484  
Profit Sharing
$1,280 - $12,093  
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).
)
$43,422 - $144,288  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 910
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
$15.19 - $59.60  
   
Overtime
$0.00 - $46.25  
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 - $20,484  
   
Profit Sharing
$1,280 - $12,093  
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).
)
$43,422 - $144,288  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 40
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Job Description for Economist

Economists analyze government and economic data to predict and forecast economic trends in a region, country, or the entire world. They conduct research on various segments of an area's economy such as commodities, finance, labor, agriculture, and trade. After conducting the research, they use data complied in order to make forecasts and predictions concerning the state of the economy, and how to keep it growning and thriving.

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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


For Economists, comfortable salaries can be found at U.S. Department of The Treasury; in fact, median earnings sit around $106K, the highest in the area.

Popular Skills for Economist


Survey results suggest that Economists put a wide range of professional skills to use. Most notably, skills in Data Modeling, Policy Analysis, Statistical Analysis, and SAS are correlated to pay that is above average, with boosts between 10 percent and 13 percent. Those listing Technical Writing as a skill should be prepared for drastically lower pay. Most people familiar with Data Analysis also know Policy Analysis.

Pay by Experience Level for Economist

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


Experience is an important factor influencing the compensation of Economists. Workers in their first five years can expect to earn $63K, but people who have been around for five to 10 years earn a noticeably bigger sum of $92K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $106K. Economists who have spent more than 20 years on the job report earning a significantly higher median of $128K.

Pay Difference by Location


For Economists, San Francisco provides a pay rate that is 37 percent greater than the national average. Economists can also look forward to large paychecks in cities like Houston (+21 percent), Washington (+21 percent), Seattle (+16 percent), and Chicago (+7 percent). Economists' salaries are heavily influenced by location — Economists in Austin bring in salaries that are 28 percent lower than the national average. A couple other locations with smaller-than-average paychecks include Raleigh (27 percent lower) and Philadelphia (22 percent lower).

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Experience Affects Economist Salaries




National Average
$77,000


Skills That Affect Economist Salaries





SAS
up arrow 5%

Financial Analysis
up arrow 4%

National Average
$77,000

Data Analysis
up arrow 1%

Technical Writing
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
14%
1-4 years
43%
5-9 years
19%
10-19 years
14%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 66%
vision benefits Vision: 55% employee benefits None: 7%
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