Information About Economists

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Training

Economists need master's degree.

Degrees for Economists
Training for Economists
Percent
Less than High School 0.0
High School 0.7
Some College 0.6
Associates Degree 0.2
Bachelors Degree 23.2
Masters Degree 43.6
Doctorate or Professional Degree 31.7

Employment

Represents about 14,000 people in the United States- 7.9% of which are self-employed

Employment prospects are up Over the next 5 years there will be aproximately 0 more economists but, because of expected growth and replacement needs in the United States, we will need 5,000 more.


Hourly Income

On average, economists make $48.20 per hour.

Hourly Income Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Economists $24.10 $31.60 $43.50 $59.10 $74.70
Life, physical, and social science occupations $15.00 $20.20 $28.50 $40.50 $54.60
National Average $8.65 $10.70 $16.50 $26.60 $41.00

Annual Salaries

On average, economists make $100,270 per year.

Annual Salary Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Economists $50,120 $65,850 $90,550 $122,980 $155,490
Life, physical, and social science occupations $31,310 $42,020 $59,330 $84,320 $113,620
National Average $18,000 $22,380 $34,460 $55,470 $85,280

This data is from the U.S. Bureau of Labor Statistics, Occupational Employment Statistics

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