$73,669
Avg. Salary
$23.62
Avg. Hourly Rate

Average additional compensation:

$4,869

Bonus

$4,000

Profit Sharing

$7,850

Commission

What am I worth?
How should I pay?

The average pay for an Economist is $23.62 per hour.

The median Economist has a base pay of $73,669. Salaries generally range from $44k to $133k. The median bonus is $4,869. Skills that can affect salary include Data Analysis, Research Analysis, Data Modeling, Statistical Analysis, Policy Analysis, Financial Analysis, SAS, Technical Writing, Microsoft Excel, Econometrics, Forecasting, Stata, R, Economics.
$11.89
10%
$23.62
50%
$49.86
90%
MEDIAN $23.62
$44k
10%
$74k
50%
$133k
90%
MEDIAN $73,669
$43,770 - $132,765
$44K
$74K
$130K
MEDIAN: $73,669
10%
50%
90%

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$11.89 - $49.86
$12
$24
$50
MEDIAN: $23.62
10%
50%
90%

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$0$142K
Salary $43,770 - $132,765
Bonus $312 - $25,545
Profit Sharing $92.38 - $35,235
Commission $7,850
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).
)
$42,447 - $142,968
  • Country: United States
  • Currency: USD
  • Updated: 16 Feb 2019
  • Individuals Reporting: 1,187
Hourly Data $0$71
Hourly Rate $11.89 - $49.86
Overtime $9.64 - $71.10
Annual Data $0$142K
Bonus $312 - $25,545
Commission $7,850
Profit Sharing $92.38 - $35,235
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).
)
$42,447 - $142,968
  • Country: United States
  • Currency: USD
  • Updated: 16 Feb 2019
  • Individuals Reporting: 72

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.

Read More...
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.

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.

Economist Job Listings

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

103%

7%

-5%

-20%

National Average: $74,045

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:
"Competitive."
Pros: Bring dara analytics to serve our cluents
Cons: Stress

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

Highly satisfied
Rated 4 out of 5
based on 125 votes.
Less than 1 year
18%
1-4 years
44%
5-9 years
18%
10-19 years
13%
20 years or more
7%

Experience Affects Economist Salaries

▲61%

▲38%

▲20%

National Average
$74,000

▼15%

Skills That Affect Economist Salaries


SAS
▲10%

▲8%





National Average
$74,000


R
▼3%


Economics
▼5%

Stata
▼8%

▼9%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 125 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 68%
vision benefits
Vision: 58%
no benefits
None: 13%