Economist
Also known as: economics science researcher, macro analyst, economics analyst, economics research scientist, labour economist, social economist
About this occupation
Economists perform research and develop theories in the field of economics, whether for microeconomic or macroeconomic analysis. They study trends, analyse statistical data, and to some extent work with economic mathematical models in order to advise companies, governments, and related institutions. They advise on product feasibility, trend forecasts, emerging markets, tax policies, and consumer trends.
Essential skills and knowledge
- tax legislation
- execute analytical mathematical calculations
- commercial law
- apply statistical analysis techniques
- economics
- business management principles
- statistics
- mathematics
- conduct qualitative research
- provide cost benefit analysis reports
- apply scientific methods
- scientific research methodology
Typical tasks and preparation
From the related US occupation profile Economists (O*NET 19-3011.00). Linked by an official crosswalk: related, not identical; details vary by country.
- Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
- Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
- Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
- Explain economic impact of policies to the public.
- Review documents written by others.
- Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
- Typical education (US)
- Master's Degree
- Preparation
- Job Zone 5 of 5
- Interests
- Investigative, Conventional, Enterprising
Top skills: Reading Comprehension, Mathematics, Critical Thinking, Active Listening, Writing, Speaking
US median pay: US$124,720 a year (2025), 17,790 employed. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics.
Subjects this work relies on
How important each subject's knowledge is in the job itself, rated by people doing it (1 to 5).
- Mathematics or StatisticsO*NET: MathematicsExtremely important (4.5)
- Economics or AccountingO*NET: Economics and AccountingVery important (4.5)
- English or Literature in EnglishO*NET: English LanguageVery important (4.0)
- Computer StudiesO*NET: Computers and ElectronicsVery important (3.8)
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Preparation needed
Job Zone Five: Extensive Preparation Needed
- Most common education (US)
- Master's Degree
- Education
- Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
- Experience
- Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.
- Training
- Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Related occupations
Occupations O*NET links to this one by similar work, skills and knowledge.
- Environmental Economists
- Economics Teachers, Postsecondary
- Financial and Investment Analysts
- Political Scientists
- Business Teachers, Postsecondary
- Financial Quantitative Analysts
- Investment Fund Managers
- Financial Risk Specialists
- Data Scientists
- Statisticians
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.