With a national median of $124,720 and +4.7% projected job growth through 2035, Economist offers both strong financial return and stable long-term demand.
This page sets out what the federal data says about working as a economist: what the job pays, how fast it is growing, and what it takes to get in. Most people arrive through a degree in Political Science and what it leads to, though it is not the only route.
Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.
Also known as:
Most economists take home around $124,720 a year, well above what most college graduates make. Half earn somewhere between $89,330 and $174,720, so where you land depends a lot on employer, specialty and city. Worth weighing against how long the training takes. Source: BLS.
A wage on its own says nothing about whether the degree behind it pays for itself, which is a question of lifetime earnings set against the total cost of getting there.
Well above average for college graduates.
25th to 75th percentile. Most workers earn within this band.
The mean wage for this occupation is $142,130, above the median. A concentration of very high earners pulls the average up. The median is the better gauge of typical pay.
This is what the job actually looks like on a Tuesday: 5 core activities and 5 skills the work depends on. Read it before the salary, because pay matters less than whether you would want to spend your days doing this. Source: O*NET.
This career demands analytical thinking: researching problems, interpreting data, and applying logical reasoning to find practical solutions.
This career demands analytical thinking: researching problems, interpreting data, and applying logical reasoning to find practical solutions.
Success depends on precision and structured processes, where detail-oriented people who work consistently within established systems perform best.
What the physical and mental conditions of this job actually look like day to day, based on O*NET Work Context data collected from people working in this occupation.
Split between indoor and outdoor or field settings.
Mix of sitting and movement throughout the day.
Low time pressure. Work pace is typically steady and self-directed.
Through 2035 the BLS expects this field to change by +4.7%, meaning it is growing at about the same pace as everything else, so expect steady demand. Around 1,100 roles open up each year, which is the number that matters most if you are starting out. Source: BLS.
Growth rates are only meaningful next to other occupations, and the full list of careers with their projected growth puts this one in context.
About as fast as average.
New positions plus replacements for retirees and career-changers.
Total US employment as of BLS May 2025.
Source: BLS Employment Projections 2025–2035 and Occupational Employment and Wage Statistics May 2025.
The five states below employ the most Economist professionals nationwide. State-level wages can differ significantly from the $124,720 national median. Research your specific market before committing to a program.
| # | State | Jobs | Median Wage | vs. National |
|---|---|---|---|---|
| 1 | District of Columbia | 3,000 | $167,590 | +34.4% |
| 2 | Maryland | 1,130 | $144,680 | +16.0% |
| 3 | Massachusetts | 1,030 | $106,380 | -14.7% |
| 4 | Virginia | 950 | $137,590 | +10.3% |
| 5 | New York | 910 | $136,660 | +9.6% |
Source: BLS Occupational Employment and Wage Statistics, May 2025. Employment figures rounded. Read our methodology →
To get hired here you will usually need a master's degree. The 10 programs below are the most common routes in, ordered by how many people actually graduate from each one.
The next most common path is an Economics program and the colleges offering it, which suits a different kind of applicant.
Extensive education (usually a master's or doctoral degree) plus years of field experience is required to qualify for most positions.
| # | Program | Graduates/yr | 4yr Median | Colleges |
|---|---|---|---|---|
| 1 | Political Science | 46,438 | $63,293 | 1,302 |
| 2 | Economics | 46,225 | $82,686 | 928 |
| 3 | Pharmacy | 18,729 | $116,539 | 194 |
| 4 | Applied Mathematics | 11,635 | $91,532 | 417 |
| 5 | Agricultural Business and Management | 8,085 | $66,647 | 380 |
| 6 | Business Statistics | 4,885 | $77,981 | 258 |
| 7 | Environmental/Natural Resources Management and Policy | 3,147 | $56,185 | 185 |
| 8 | Philosophy, Politics, and Economics | 153 | — | 16 |
| 9 | Mathematical Economics | 139 | — | 9 |
| 10 | Economics and Computer Science | 89 | — | 6 |
Colleges offering the degree programs that lead to this career, ranked by UCD Score. A strong program plus solid outcomes is a good place to begin your search.
| # | College | UCD Score | Net Price | Salary 10yr |
|---|---|---|---|---|
| 1 | United States Naval Academy Annapolis, MD | 97 | — | — |
| 2 | United States Coast Guard Academy New London, CT | 96 | — | — |
| 3 | United States Air Force Academy USAF Academy, CO | 96 | — | — |
| 4 | United States Military Academy West Point, NY | 96 | — | — |
| 5 | Princeton University Princeton, NJ | 94 | $6,128 | $110,066 |
| 6 | CUNY Bernard M Baruch College New York, NY | 93 | $3,033 | $75,971 |
Once you've sized up Economist, these tools turn the numbers into a plan. Estimate the real cost of a degree that leads here, weigh the long-term payoff, compare specific colleges side-by-side, and find programs that match your profile.
See if the degree that leads to Economist pays off. Weighs each college's cost against the earnings graduates see.
Enter a budget and see the colleges whose net price fits, with the out-of-pocket cost and likely loan load for each.
Put any 2–4 colleges side-by-side. Admissions, cost, outcomes, and earnings, all on one screen, no tab-hopping.
Answer six quick questions and see your best-fit colleges ranked by budget, field of study, and what matters most to you.
The data on Economist shows 3 measurable strengths and 1 real trade-offs. All points are drawn from BLS wage data, employment projections, and IPEDS program completions.
Air traffic controllers earn more than the typical bachelor's-degree career, with an associate degree. The occupations that pay six figures without four years of college.
Group every career by the degree it requires and master's-level jobs pay a median of about $91,000, statistically tied with bachelor's-level work. The premium hides in a few fields.
Only 106 of 393 federal careers both pay a median above $80,000 and grow faster than the typical job. Here is the rare set that clears both bars.
Browse our full directory: every college, major, program, and career we track, all built from verified government data.
Scout uses AI and can make mistakes. Verify important numbers on the page.
