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How Much An Economist Earns In The United States

You want to know how much an economist earns in the United States on average? The salary of an economist in the United States it is $ 75,703 a year on average. The salary range for economists falls into an approximate range that goes from $ 58,790 to $ 108,639 per year.

If you are thinking of study economics career, stay to learn more about how salaries tend to vary in this profession and what you need to be one of the highest paid economists in the United States.

Salary economist

One of the main factors that can determine how much does an economist charge per month in American territory are the years that he has been practicing this profession.

As a reference, we leave you the following table with the economist salary by years of experience.

Less than a year$ 4,833 per month
1 – 4 years of experience$ 5,666 per month
5 – 9 years of experience$ 7,750 per month
10 – 19 years of experience$ 8,250 per month
More than 20 years of experience$ 9,666 per month

How much do the professionals who studied economics earn with a master’s degree?

If you want to be one of the highest paid economists in the United States, it is worth mentioning that having a master’s degree is an important step.


Well, in fact, there are reports that indicate that those graduates of the career in economics who have acquired Ph.D. they are the ones who most easily achieve salaries of $ 100,000 a year.


Economists with postgraduate degrees can have varied salaries depending on the job they occupy, let’s see below a table that shows how much does an economics graduate earn by your job position per year according to Payscale:

Data analyst economist$ 75,715
Econometricians$ 78,477
Research analyst$ 74,223
Statistical analyst$ 80,663
Financial analyst$ 76,621

What does an economist do

The economist is the one who carries out exhaustive research, analyzing each data collected, monitoring trends in the economy, with the intention of predicting the direction that energy costs, inflation, interest rates, employability, may take, and many other issues where the economy is involved, always developing strategies to obtain the necessary information.

Acting as an advisor on issues related to the economy for companies, government institutions and individuals, is usually also one of the roles that an economist also plays.

Profile of an economist

To meet the profile of an economist, it is important that they have skills such as the ability to analyze, effective communication, have critical thinking, detail in regard to data analysis in order to provide effective reports of their investigations carried out, but for the realization of reports you must also have good writing skills.

Let’s see below how are the functions of an economist according to the types of economists that exist:

Econometricians: They are those who carry out the development of schemes and make use of mathematical analysis to test economic relationships.


Finance economists: They are responsible for analyzing what has been invested or will be invested, saved, as well as analyzing the possible risks of monetary losses.

Industrial organization economist: They are dedicated to the study of the organization of companies and the way in which competition between them takes place within a specific industry.

International economists: They carry out research and see the behavior of international trade and the effects that globalization can produce.

Employment or labor economists: They are dedicated to the study of what the worker offers, as well as what the employer usually demands occupationally speaking.

Macroeconomists and monetary economists: They carry out an assessment of the economy together.

Microeconomists: They tend to study how consumers, companies, employees, investors behave economically, including the behavior of the market itself.

Public finance economists: They are dedicated to studying the role that the government usually plays in the country’s economy.

What can an economist work on?

The job field of an economist, for those candidates who have a bachelor’s degree, they can be in federal government fields, although there is also the case of those who practice their profession as an economist in consulting positions, market research analysts, finance sector and business.

You have to take into account that the competition to be hired by a company as an economist is too strong, regardless of the fact that there is a large demand for personnel for positions that require professionals in economics.

But regardless of how strong the competition may be for jobs in US economies, the good news is that the odds of getting hired in economics are significantly high.

Economist career

Regardless of the fact that the profession of economics does not cease to fall within the category of social sciences, it does not cease to represent a certain degree of difficulty when pursuing it.

For be an economist In the United States, it is important to go through several years of study, as you must first pass a bachelor’s degree and then a doctorate or master’s in economics.

Here is a list of the best universities to study economics in the United States:

  • University of Chicago.
  • Stanford University.
  • Massachusetts Institute of Technology (MIT).
  • Harvard University.

Usually this career lasts 4 years.

Although the doctorate in economics usually lasts for many years, but above all, having a master’s or doctorate, tends to be one of the fundamental requirements for most jobs in economics.

In addition, if you want to be hired as an applicant for a job as an economist, then you must bear in mind that companies prefer to hire a candidate who, apart from having postgraduate courses in economics, also has work experience.

Frequently asked questions about the salary of an economist in the United States

🧿How much does a recently graduated economist earn per month?

A newly graduated economist with a bachelor’s degree earns $ 4,833 a month in the United States.

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