How to become economistseducation, training, experience and the steps to enter
Median annual pay
$124,720
25th–75th pct. $89,330–$174,720
Top pay (est.)
$309,500
Top 10% $238,060
Pay in 5 years
$134,800est.
2031
Pay in 10 years
$145,700est.
$125,300–$169,100
Outlook score
46/100
★★☆☆☆ Average
AI replacement risk
99%
Very high
Job growth (10 yr)
+4.7%
1,100 openings / yr
How to become economists
Typical education
Master's degree
BLS
Related experience
None
On-the-job training
None
A step-by-step guide for this occupation is being prepared. The education, training and experience data above show the typical path.
Skills, education and requirements for Economists
Key skills
O*NET skill level ratings (0–7).
Key knowledge areas
What the work involves
Analyzing Data or InformationProcessing InformationGetting InformationCommunicating with People Outside the OrganizationUpdating and Using Relevant KnowledgeInterpreting the Meaning of Information for OthersMaking Decisions and Solving ProblemsCommunicating with Supervisors, Peers, or Subordinates
Important abilities
Written ExpressionWritten ComprehensionOral ExpressionOral ComprehensionDeductive ReasoningInductive Reasoning
Education of workers
Training before entry
Related work experience
Job Zone 5 — extensive preparation needed (O*NET)
Difficulty of entry: ★★★☆☆ Moderate (from education, training, experience and Job Zone)
Career path and how to earn more as economists
Career-path guidance is being prepared. Pay by percentile is shown in the Pay section.
Pay and employment figures are national statistics. Projected pay, outlook scores and AI replacement risk are estimates from the Shigoto Zukan model, not guarantees. To request a correction, use the contact form. How to read the data
Sources: BLS OEWS May 2025; BLS Employment Projections 2025–35; O*NET 31.0 Database by USDOL/ETA (CC BY 4.0), modified by Shigoto Zukan. Pay ranges, projections and scores are Shigoto Zukan estimates.