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k Environment
Economists typically work in an office setting, either independently or collaborating with a variety of other workers. Most economists work full time, and some work more than 40 hours per week.
How to Become an Economist
Economists typically need at least a master?s degree to enter the occupation. However, some economists?primarily in government?qualify for entry-level positions with a bachelor?s degree. Others need a Ph.D.
Pay
The median annual wage for economists was $105,630 in May 2021.
Job Outlook
Employment of economists is projected to grow 6 percent from 2021 to 2031, about as fast as the average for all occupations.
About 1,400 openings for economists are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
State & Area Data
Explore resources for employment and wages by state and area for economists.