Print

Education >> Browse Articles >> Career Profiles

Rate

Economic Analyst

edu.govcentral.com

Job Description
Economists study how society distributes scarce resources, such as land, labor, raw materials, and machinery, to produce goods and services. They conduct research, collect and analyze data, monitor economic trends, and develop forecasts. They research issues such as energy costs, inflation, interest rates, exchange rates, business cycles, taxes, or employment levels.

Economists devise methods and procedures for obtaining the data they need. For example, sampling techniques may be used to conduct a survey, and various mathematical modeling techniques may be used to develop forecasts. Preparing reports, including tables and charts, on research results is an important part of an economist’s job. Presenting economic and statistical concepts in a clear and meaningful way is particularly important for economists whose research is directed toward making policies for an organization. Some economists also might perform economic analysis for the media.

Median Salary
$44,000- $93,000

Educational Requirements
Candidates who hold a master’s or Ph.D. degree in economics will have the best employment prospects and advancement opportunities, but a bachelor’s degree in Economics or Mathematics is also worthwhile. Quantitative skills are important in all economics specialties.

Job Outlook
According to the Bureau of Labor Statistics, the projected employment by 2016 will rise 7%, or 1,110 jobs. Slower than average job growth is expected as firms increasingly employ workers to perform more specialized tasks with titles that reflect the specific duties of the job rather than the general title of economist.

Search for Economic Analyst Jobs


Rate
Govcentral School Finder

Save time in your search for a degree program. Use GovCentral's School Finder to locate schools online and in your area.

Get Info

* In the event that we cannot find a program from one of our partner schools that matches your specific area of interest, we may show schools with similar or unrelated programs.