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An economic analyst may work for governmental agencies, investment firms, and other business organizations. Their job is to analyze economic data like demand and supply, the GDP, to help employers make quality decisions.
Economic analysts make forecasts based on data from multiple sources, conduct research, and run simulations. From there, they develop models and scenarios, adjust for their probability of occurrence and success, and make recommendations.
As an economic analyst, you may also be responsible for providing data to drive sales and marketing efforts in your organization. You'll require skills like analytical thinking, problem-solving, programming, and an acute understanding of statistical software.
You'll also require a bachelor's degree in economics, finance, statistics, and related fields. Employers favor advanced degrees and prior work experience when hiring to fill this role.
Assistant Professor of Economics, Carthage College
Avg. Salary $72,501
Avg. Salary $59,228
Growth Rate 9%
Growth Rate 0.3%
American Indian and Alaska Native 0.10%
Asian 14.09%
Black or African American 5.64%
Hispanic or Latino 7.67%
Unknown 4.50%
White 68.00%
Genderfemale 34.06%
male 65.94%
Age - 38American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 38Stress level is manageable
7.1 - high
Complexity Level is challenging
7 - challenging
Work Life balance is poor
6.4 - fair
Skills![]() ![]() | Percentages![]() ![]() |
---|---|
SQL | 15.63% |
SAS | 13.31% |
Data Analysis | 8.36% |
Financial Analysis | 5.11% |
PowerPoint | 4.58% |
When your background is strong enough, you can start writing your economic analyst resume.
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Now it's time to start searching for an economic analyst job. Consider the tips below for a successful job search:
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The average Economic Analyst salary in the United States is $72,501 per year or $35 per hour. Economic analyst salaries range between $49,000 and $107,000 per year.
What Am I Worth?
Fundamental Economics
Sitting for long periods of time.
Lots of sitting.