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ECONOMISTS

Economists collect and analyze


data to research trends and solve
economic conundrums.
Economists mainly study the
production and distribution of
resources, goods, and services in
national and international
markets. The majority of
economists work independently
in offices, however in some
instances, they may collaborate
with other economists and
statisticians. Some economists
might even work at reputable
universities as not only
economists, but also professors
of economics. THE STARTING SALARY
FOR AN ECONOMIST IS
Most economists need a master's
$48,500. THE AVERAGE
degree or PhD in economics. This
can be completed in two years or TEN-YEAR SALARY IS
less at any accredited university. $102,490.
With a bachelor's degree,
however, entry-level positions are
available in the federal
government of the United States.

6% 13% 0.8%
Projected growth of of academic economists Unemployment rate
employment for economists are women. Economists for economists with a
in the long-term. are traditionally male. PhD

Related occupations include a


statistician, data analyst, market
POTENTIAL research analyst, accountant, and
EMPLOYER: a financial analyst, among others.

University of Pennsylvania in The largest employers for


Philadelphia, Pennsylvania, economists are universities and
is looking for an Economist. research institutes, such as
University of Pennsylvania. In
addition, another top employer
The education requirements
for economists and large banks
include at least a Masters
in the financial sector such as
plus a minimum of 4 years of
NatWest and HSBC.
experience at a research
institution. There are disadvantages to being
employed as an economist. The
The hiring requirements
work that economists do is often
include a strong interest in
highly open-ended, which can
economics and public be very stressful and not
policy, along with excellent motivating at times. In addition,
research and analytical mainly at UPenn and other
skills. universities, some economists'
job are contingent upon funding
and can be temporary.

Derek Brown - Career Development 2019

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