Avg. Base Salary (USD)
The average salary for an Economist is $78,250
What is the Pay by Experience Level for Economists?
An entry-level Economist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $60,000 based on 6 salaries. An early career Economist with 1-4 years of experience earns an average total compensation of $68,625 based on 10 salaries.
What Do Economists Do?
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.
Through the use of different computer programs, economists can gather and present data. Economists generally have a good understanding of different sampling or survey techniques to gain information. The evaluation of both past and present information in the …Read more
- 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.
FAQs About Economists
What is the highest pay for Economists in Philadelphia?
Our data indicates that the highest pay for an Economist in Philadelphia is $119k / year
What is the lowest pay for Economists in Philadelphia?
Our data indicates that the lowest pay for an Economist in Philadelphia is $55k / year
How can Economists increase their salary?
Increasing your pay as an Economist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Economist that oversees more junior Economists, this experience can increase the likelihood to earn more.