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An economist is an expert who studies the relationship between a society's resources and its production or output. Economists study societies ranging from small, local communities to entire nations and even the global economy.
Professional economist careers Possible employers include local and national government, public and private banks, insurance companies, think-tanks, large multinational companies, financial consultancies, accountancy firms and local authorities.
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...?
Corporations there are plenty of ways in which professionals with economic knowledge are needed in the world of business. Companies hire those with such backgrounds in positions like sales manager, market research analyst, accountant, actuary and benefits analyst.
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...
They will build mathematical models , test them with data, and usually live or die by their publications. They usually do not interact with business (though some do). They are basically what you think of as an economist.
Companies such as Coursera, Expedia, Netflix, Microsoft, Pandora, Uber, Yelp, and Zillow have also hired economists.
10 States Where Economists Earn the Most MoneyThe national average annual wage of an economist is $116,020, according to the BLS, which is more than double the average annual salary for all occupations, $51,960. However, the average economist salary swings significantly from this depending on the state you're in.
Labor Economists study the supply and demand for labor and the determination of wages. These economists also try to explain the reasons for unemployment, and the effects on labor markets of changing demographic trends such as an aging population and increasing immigration.
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...