Economist, Policy
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Economists and Policy analysts conduct research, collect data, and analyze economic and policy issues to inform decision-making in government, business, and non-profit organizations. They may specialize in a particular area of economics, such as macroeconomics, microeconomics, econometrics, or public policy.
Education and Training
Economists and policy analysts typically need a master's degree in economics, public policy, or a related field. Some employers may hire candidates with a bachelor's degree in economics or a related field, but they may have limited opportunities for advancement. A doctorate is required for teaching positions at colleges and universities.
Skills and Experience
Economists and policy analysts must have strong analytical and problem-solving skills. They must be able to think critically and creatively, and they must be able to communicate their findings effectively to a variety of audiences. They must also be able to use a variety of research methods, including data analysis, econometrics, and policy analysis.
Job Outlook
The job outlook for economists and policy analysts is expected to be good over the next few years. The demand for economists and policy analysts is expected to grow as businesses and governments increasingly rely on data and analysis to make decisions. Some of the employment growth is expected to come from the need to replace retiring economists and policy analysts.
Earnings
Economists and policy analysts earn a median annual salary of $111,830, and the top 10 percent earn more than $208,000. Earnings vary depending on experience, education, and location.
Advancement
Economists and policy analysts typically advance by taking on more responsibilities and leadership roles. They may also move into management positions or become independent consultants.
