They also project spending needs and inform policymakers on the economic impact of laws and regulations. It oversees the U.S. Census Bureau, Bureau of Economic Analysis (BEA), Economics and Statistics Administration and Economic Development Administration. Generally, economists working for the federal government hold advanced degrees or are required to pursue an advanced degree to move up in the system. In May 2019, the median annual wages for economists in the top industries in which they worked were as follows: Most economists work full time. An advanced degree is sometimes required for advancement to higher level positions. Most entry-level analyst jobs require a bachelor’s degree. Most national governments hold the same requirements of their government staffs. If you’re majoring in economics, congratulations — you will likely be entering a lucrative field! Some perform work that may require overtime hours. Update your profile. In fact, Glassdoor found that economics was one of the highest-paying college majors. Economists often study historical trends and use them to make forecasts. Escape will cancel And close the window. For example, labor economists analyze the effects of labor policies on employment. The How to Become One tab describes how to prepare for a job in the occupation. Use one or more filters to search for jobs by hiring path, pay, departments, job series and more options under More Filters. The site is secure. Salary Trend: states the national salary trend in Economics is $66,000 per year. Economists study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues. However, some entry-level jobs—primarily in government—are available for workers with a bachelor’s degree. Actuaries apply advanced mathematical and statistical skills to determine the likelihood of … Job prospects should be best for those with a master’s degree or Ph.D., strong analytical skills, and experience using statistical analysis software. Economists apply both qualitative and quantitative economic analysis to topics within a variety of fields, such as education, health, development, and the environment. Government employers also recruit heavily through college job fairs and networking events. Loan Officers / Specialists evaluate, authorize, or recommend approval of loan applications for the government. In addition, courses that introduce students to statistical analysis software are helpful. We want to help you find the right job. Market research analysts study market conditions to examine potential sales of a product or service. Video transcript available at Economists also work for international organizations, research firms, and think tanks, where they study and analyze a variety of economic issues. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. Your USAJOBS session will expire due to inactivity in three minutes. Many economists work in federal, state, and local government. The bulk of U.S. government jobs are located in the United States, but opportunities also exist overseas. The government is looking to fill positions that are in high demand. Positions in business, research, or international organizations often require a combination of graduate education and work experience. The Occupational Employment Statistics (OES) program produces employment and wage estimates annually for over 800 occupations. Actuary. Applicants can search for jobs on the government’s national jobs site,, or go directly to the website of the desired government agency. Economic experts can also advise the government in areas like education, transportation, trade, foreign relations, and national security. The employment, or size, of this occupation in 2019, which is the base year of the 2019-29 employment projections. The median annual wage for economists was $105,020 in May 2019. General Natural Resources Management and Biological Sciences.


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