Economist Salary

For Economists, yearly average wages total $70K annually. In the world of Economists, overall income ranges from $41K near the bottom to $141K at the top; this can include more than $26K from bonuses and more than $49K from profit sharing in exceptional cases. Residence is the main element affecting pay for this group — the specific employer and tenure are driving factors as well. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The majority of workers are highly satisfied with their job. The information for this snapshot was generated by responses to the PayScale salary survey.
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$43,430 - $131,576
$43K
$71K
$130K
MEDIAN: $71,357
10%
50%
90%

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$11.86 - $49.75
$12
$23
$50
MEDIAN: $22.73
10%
50%
90%

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$0$143K
Salary $43,430 - $131,576
Bonus $154.00 - $27,500
Profit Sharing $94.27 - $49,316
Commission $7,500
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).
)
$41,566 - $143,937
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 692
Hourly Data $0$73
Hourly Rate $11.86 - $49.75
Overtime $9.93 - $73.40
Annual Data $0$143K
Bonus $154.00 - $27,500
Commission $7,500
Profit Sharing $94.27 - $49,316
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).
)
$41,566 - $143,937
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 47

Find Out Exactly What You Should Be Paid

United States (change)

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

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

Economist Job Listings

Popular Employer Salaries for Economist


The World Bank Group offers the highest compensation with a median salary of $110K.

Relative to other names in the field, compensation is very low at Bureau of Labor Statistics — the median salary comes to just $54K, less than half of the top paying company's rate.

Popular Skills for Economist


Economists seem to exploit a large range of skills on the job. Most notably, skills in Policy Analysis, SAS, Forecasting, and Research Analysis are correlated to pay that is above average, with boosts in pay of 15 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Econometrics, and Stata. It is often found that people who know Data Analysis are also skilled in Policy Analysis.

Pay by Experience Level for Economist

Pay by Experience for an Economist has a positive trend. An entry-level Economist with less than 5 years of experience can expect to earn an average total compensation of $63,000 based on 531 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Economist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $89,000 based on 168 salaries. An experienced Economist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 114 salaries. An Economist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $119,000 based on 49 salaries.

Pay Difference by Location

National Average: $71,587

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

For Economists, working in the bustling city of Houston has its advantages, including an above-average pay rate. Economists can also look forward to large paychecks in cities like Minneapolis (+49 percent), Washington (+36 percent), Denver (+23 percent), and Seattle (+13 percent). Compared to the national average, Salt Lake City Economists have considerably lower salaries, 24 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Below-median salaries also turn up in Raleigh and Chicago (21 percent lower and 16 percent lower, respectively).

Economist Reviews

Q: What is it like working as an Economist?

Economist in Washington:
"Current."
Pros: Relaxed atmosphere, big office, autonomy.
Cons: Not on board with the mission.

Related Job Salaries

Key Stats for Economist

Gender

Female
31 %
Male
69 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 73 votes.
Less than 1 year
17%
1-4 years
44%
5-9 years
18%
10-19 years
13%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Economist Salaries

▲66%

▲42%

▲24%

National Average
$72,000

▼12%

Skills That Affect Economist Salaries


SAS
▲13%

▲12%





R
▲1%


National Average
$72,000


Economics
▼2%

Stata
▼5%

▼6%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 73 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
17%
1-4 years
44%
5-9 years
18%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 69%
vision benefits
Vision: 61%
no benefits
None: 13%
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