The average salary for an Economic Consultant is $74,630.
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What Do Economic Consultants Do?
Economic consultants help companies improve their operations and policies in order to increase economic gains by conducting forecasts and generating potential results of various operations. They may also oversee tax filings for the company to ensure that potential advantages such as tax incentives are uncovered. Research will be necessary in order to determine applicable tax advantages; however, work must always be done with respect to all applicable local and federal laws and regulations.
Job Satisfaction for Economic Consultant
Popular Employer Salaries for Economic Consultant
The top respondents for the job title Economic Consultant are from the companies Bates White, LLC, NERA Economic Consulting and UnitedHealth Group. Reported salaries are highest at NERA Economic Consulting where the average pay is $73,826. UnitedHealth Group pays the lowest at around $65,434.
Economic Consultant Job Listings
What Are Popular Skills for Economic Consultants?
Skills in Econometrics and Microsoft Office are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel, Data Analysis and Stata.
What is the Pay by Experience Level for Economic Consultants?
An entry-level Economic Consultant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $71,423 based on 49 salaries. An early career Economic Consultant with 1-4 years of experience earns an average total compensation of $74,646 based on 65 salaries. A mid-career Economic Consultant with 5-9 years of experience earns an average total compensation of $80,958 based on 19 salaries. An experienced Economic Consultant with 10-19 years of experience earns an average total compensation of $95,000 based on 15 salaries. In their late career (20 years and higher), employees earn an average total compensation of $100,000.
Pay Difference by Location
Employees with Economic Consultant in their job title in Pittsburgh, Pennsylvania earn an average of 19.5% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (11.9% more) and New York, New York (1.6% more). The lowest salaries can be found in Tallahassee, Florida (26.3% less), Chicago, Illinois (5.5% less) and Washington, District of Columbia (2.7% less).
Years of Experience
This data is based on 155 survey responses.