Career Overview

Economists use mathematical models and statistics to analyze data so they can predict trends and evaluate economic issues related to resources, goods, and services.


A master's or doctoral degree in economics or a related field is usually required to obtain this position. A master's degree typically takes about two-three years of work after earning a four-year bachelor's degree. A doctorate may take an additional two-three years of work after the master's degree is earned, depending on the specific program.

Salary Expectations

Low End:
High End:
$55,000 /yr
$101,000 /yr
$181,000 /yr

Recommended Courses

  • Business
  • English - as much as possible!
  • Writing
  • Communication
  • Math - as much as possible, including statistics!
  • Economics
Work Environment

Economists are typically employed by the government, consulting firms, and scientific research firms. Some work individually, while others may work with other economists or statisticians. Most economists work full time, and some may need to work long hours to meet strict deadlines.

Future Outlook

The job outlook for this position looks good over the next 10 years, keeping in mind that geographical differences may exist. Opportunities will be best for individuals with a master’s degree or doctorate, strong analytical skills, and related work experience.

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook
Explore Careers, Labour Market Information, Government of Canada