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. Compensation for this group is mainly affected by career length, but geography and the individual firm are influential factors as well. Job satisfaction is reported as high by the vast majority of workers. Generally, women make up less than a third of all Economists who answered the questionnnaire. Medical benefits are awarded to nearly all, and the larger part earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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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


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 takers working as Economists report using a large range of professional skills. 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. Those listing Microsoft Excel and Technical Writing as skills, on the other hand, should be prepared for drastically lower pay. Most people skilled in Data Analysis are similarly competent in Policy Analysis.

Pay by Experience Level for Economist

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


Economists generally obtain higher compensation for more plentiful past experience. 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 $90K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $104K. Survey participants who have worked for more than two decades report bringing in $125K on average.

Pay Difference by Location

National Average: $75,102

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

San Francisco is home to an above-average pay rate for Economists, 37 percent higher than the national average. 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). Economists in Austin report much lower salaries than the rest of the country — 28 percent below the national average — proving that residence is a major factor in overall pay. 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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