The PathMatch Guide to

Economist

A Day in the Life

An economist works to research and analyzes the relationship between a society’s resources and its production or output through the use of math and statistics. They then analyze the costs and benefits of distributing and consuming certain goods and services. This information is then used to make predictions about future market trends, design policies, and advise others through the form of written reports and oral presentations. 

Some of the major tasks that economists complete daily are conducting research, collecting and analyzing data, tracking economic trends, developing forecasts, and presenting research results.

Work Responsibilities

Skills You'll Need

  • Ability to review data, observe patterns, and come to logical conclusions 
  • Excellent communication skills 
  • Proficiency in mathematical analysis 
  • Superb critical-thinking skills that can be applied to solve complex problems 
  • Advanced understanding of data analysis and manipulation

Industries You'll Work In

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The Network You'd Build

Here are a few real-word examples of jobs and people working in this industry right now.

Example Job Descriptions

Real World Professionals

Growth Path

  1. Entry-level economists
  2. Junior-level economists
  3. Mid-level Economists
  4. Senior-to-top-level economists
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Demand for Talent

  • The job outlook for economists is 8%
  • Business and organizations across a range of industries all use economic analysis and quantitative methods to analyze and forecast economic indicators, so demand for economists will always be high 
  • The amount of positions open for economists is also projected to grow as the global economy becomes increasingly more complex

Compensation

$55K-$77K
Entry-level economists
$77K-$104K
Junior-level economists
$100K-$150K
Mid-level Economists
$141K-$180K+
Senior-to-top-level economists

Teams You'll Work With

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Work/Life Balance Score

Work/life balance is when someone equally prioritizes their career and their personal life. This balance can vary greatly from one career to the next.

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Job Stability Score

Job stability is about more than your experience and career. As industries decline, so do the jobs in them.

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Prestige Score

Job stability is about more than your experience and career. As industries decline, so do the jobs in them.

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