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Job Opportunities for Economists

The median annual salary for economists reported by the U.S. Bureau of Labor Statistics in May 2004 was $72,780. The middle 50percent earned between $53,650 and $96,240. The average annual salary for economists employed by the Federal Government was $89,441 in 2005. The National Association of Business Economists 2002 survey reported base median annual salaries of $125,000 plus average annual additional compensation of $60, 000 for economists employed at securities and investment firms; $108,000 plus additional compensation of $13, 000 for economists employed in consulting firms; and 82, 750 for economists in academia. Most surveys show that the median salaries for men and women in economics are almost identical. $108, 000 plus additional compensation of $13,000 for economists employed in consulting firms ; and $82, 750 for economists in academia. Most surveys show that the median salaries for men and women in economics are almost identical.

Starting salaries for students with baccalaureate degrees in economics are about the same as for students with degrees in accounting and finance and above other business fields and general business. Starting salaries by college major according to a recent survey by the National Association of Colleges and Employees were:

  • Chemical Engineering: $55,900
  • Electrical Engineering: $52,899
  • Mechanical Engineering: $50,672
  • Computer Science: $50,046
  • Accounting: $45,723
  • Economics/Finance: $45,191
  • Civil Engineering: $44,999
  • Business Administration: $38,850
  • Marketing: $36,260
  • Liberal Arts: $30,828

Job Opportunities for Economists

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University of Nevada, Reno

University of Nevada, Reno
1664 N. Virginia Street
Reno,  NV  89557-

(775) 784-1110
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