Economist Salary

For Economists, annual average wages total $76K per year. In the world of Economists, overall income ranges from $43K near the bottom to $144K at the top; this can include more than $21K from bonuses and more than $12K from profit sharing in exceptional cases. This group's pay is mainly influenced by experience level, followed by the particular city and the specific company. For the most part, Economists enjoy their work and report high levels of job satisfaction. Most Economists survey respondents are men (76 percent). Medical benefits are awarded to almost all, and a majority earn dental coverage. Respondents to the PayScale salary survey provided the data for this report.
Read More
$43,218 - $133,789
(Median)
$43K
$76K
$130K
MEDIAN: $75,642
10%
50%
90%

Add this chart to your site: 640px    300px

$15.55 - $69.00
(Median)
$16
$25
$69
MEDIAN: $25.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$43,218 - $133,789  
   
Bonus
$0.00 - $20,511  
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).
)
$43,192 - $144,315  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 900
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$15.55 - $69.00  
   
Overtime
$0.00 - $46.25  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $20,511  
   
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).
)
$43,192 - $144,315  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 39
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:

Popular Employer Salaries for Economist


The biggest paychecks can be found at U.S. Department of The Treasury — the median salary there is $106K.

Popular Skills for Economist


Survey results show that Economists use a fair number of skills. Most notably, skills in Data Modeling, Policy Analysis, Statistical Analysis, and SAS are correlated to pay that is above average, with boosts of 13 percent, 12 percent, 11 percent, and 11 percent, respectively. Technical Writing, on the other hand, is typically associated with much lower pay. It is often found that people who know Data Analysis are also skilled in Policy Analysis.

Pay by Experience Level for Economist

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


Experience seems to be a major factor in determining the incomes of Economists. The average worker who claims fewer than five years of experience earns around $63K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $91K. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $106K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $131K on average.

Pay Difference by Location


For Economists, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Economists will also find cushy salaries in Houston (+22 percent), Washington (+21 percent), Seattle (+16 percent), and Chicago (+6 percent). Economists in Austin report much lower salaries than the rest of the country — 27 percent below the national average — proving that residence is a major factor in overall pay. Employers pay around 27 percent less in Raleigh and 20 percent less in Philadelphia, below-median salaries for those in this field.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Economist Salaries




National Average
$77,000


Skills That Affect Economist Salaries





SAS
up arrow 5%

Financial Analysis
up arrow 3%

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
44%
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%
ADVERTISEMENT