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Many economists work in federal, state, and local government. Federal government economists collect and analyze data about the U.S. economy, including employment, prices, productivity, and wages, among other types of data.
Here are some job options to consider when you're choosing a career path with a degree in economics.Market Research Analyst. AndreyPopov / Getty Images.Economic Consultant.Compensation and Benefits Manager.Actuary.Credit Analyst.Financial Analyst.Policy Analyst.Lawyer.More items...?
3. Government. There is no shortage of need for an economist in the government sector at all levels. Federal, state and local branches need economic expertise for such positions as urban planners, financial analyst, internal revenue examiner, intelligence specialist, lobbyist and international trade economist.
10 States Where Economists Earn the Most MoneyNew York average economist salary: $127,520.Virginia average economist salary: $126,080.Ohio average economist salary: $125,490.California average economist salary: $124,430.Massachusetts average economist salary: $117,680.Maryland average economist salary: $116,870.More items...?
Step-by-Step Guide to Becoming an EconomistStep One: Earn a Bachelor's Degree (Four Years)Step Two: Research Internship Opportunities (One to Two Years, Optional)Step Three: Pursue a Master's Degree (Two Years)Step Four: Gain Work Experience (Timeline Varies)Step Five: Consider a PhD (Four to Seven Years, Optional)More items...
You are likely to require an undergraduate degree in economics or a related subject, such as statistics, mathematics, business studies or finance and accounting. Some employers may require you to hold a postgraduate master's degree in economics.
Economists are financial experts who study market activity. Their primary responsibilities include collecting and analyzing financial and socioeconomic data, advising businesses and governments on economic decisions, and developing models for economic forecasting.
If you enjoy researching and analyzing economic issues and their related data using math and statistics, and if you enjoy making forecasts, designing policies and advising others through reports and presentations, then working as an economist might be an ideal career choice for you.
The educational commitment for becoming an economist is extensive; many jobs in the field require a master's degree or PhD. As a result, it can take anywhere from four to twelve years to complete your schooling.
Here's how you can become an economist, in five steps:Earn a bachelor's degree.Seek internship opportunities.Earn a master's degree.Find work opportunities.Consider earning a doctoral degree.Hone your skills.Stay current.Seek professional development opportunities.More items...?