Highest Paying Economics Jobs

Last Updated on December 21, 2022

We know you want a legitimate source for finding jobs and we are that source. We cannot lie about jobs paying big bucks because the big bucks only come from the real high paying economics jobs. If it pays $3500 per month or over, we have it listed.

As experts in the field of economics, economists have insight into a wide range of issues surrounding the allocation of available resources. From global capitals, such as New York and Washington DC, to small towns across the nation, trained economists are needed at research firms and policy organizations, financial companies and trade groups, brokerages and universities. After completing a master’s degree program in economics – either an online or traditional program – graduates are poised to enter high-paying fields that offer professional and personal fulfillment. Find out which careers pay well for those who live and breathe economic theory!

You may find it hard to access the right information on the internet, so we are here to help you in the following article, providing the best and updated information on highest paying economics jobs, highest paying economics jobs uk. Read on to learn more. We at collegelearners .com have all the information that you need about job opportunities for economics graduates. Read on to learn more.

highest paying economics jobs

Learn about best high paying jobs for economics majors in the United States required skills to find that best job. Economics is a very broad subject but there are some core concepts that are shared in all types of economics. All About Majors Home Economics is one of the most important subjects in college and economics homework help online is available at infolearners.com HW Homework Help – College Mathematics Homework Help Online – Instant Homework Answers

20 High-Paying Jobs for Economics Majors

Is economics a good major? Yes. That’s because an economics major can come out of college with a lucrative career ahead of them.

So, how much money do economics majors make? According to the U.S. Bureau of Labor Statistics (BLS), economists earned an average salary of $109,230 in May 2015 — and those who worked for the federal government earned an average of $114,600.

That said, economics majors don’t only become economics; here are the best jobs for economics majors.

1. Market Research Analyst

A market research analyst can earn about $63,120 per year, or $30.35 per hour, according to the Bureau of Labor Statistics. Their main job is to “study market conditions to examine potential sales of a product or service,” and the job market is looking good — after all, the job outlook for 2018 to 2028 is expected to grow by 20 percent, which is much faster than average.

Of course, having a degree in economics can help you as a market research analyst, since you already understand how the market works.

2. Policy Analyst

Policy analysts earn about $57,025, while the top 10% have most recently earned at least $80,000, and the bottom 10% have earned up to $41,000, according to PayScale. Their position requires them to research and analyze the many different, multifaceted issues that affect the public; they also have to offer up ideas on legislation and intervention.

Having a degree in economics can help you as a policy analyst, as well, since you likely have a grasp on how different policies have affected the economy in the past.

3. Economist

An economist is someone who collects and analyzes data, researches trends and evaluates economic issues for resources, goods and services, according to the Bureau of Labor Statistics, which also reports that economists earn about $104,340 per year or $50.16 per hour. Are economists in demand? The answer is yes. There were 21,000 job openings for economists in 2018.

4. Financial Analyst

A financial analyst is someone who provides financial guidance to clients that can either be businesses or individuals, helping them to make important investment decisions. A financial analyst earns about $85,660 per year, or $41.18 per hour, according to the Bureau of Labor Statistics. There were 329,500 job openings for financial analysts in 2018, and the job is growing at a rate of eight percent, which is faster than average. Financial analysts usually study a subject such as economics in undergraduate school, and likely go on to pursue further education in the field.

5. Credit Analyst

A credit analyst is someone who assesses the risks involved in lending money for companies and individuals who need loans. They calculate the likelihood of borrowers being able to repay debts by analyzing credit histories and financial statements. According to TradeSchools.net, their average salary is about $82,300. Credit analysts usually come out of undergraduate school with a degree in a subject like economics, and they usually go on to pursue further education in the field.

6.  Compensation and Benefits Manager

The job of a compensation and benefits manager is to conduct research on compensation statistics and perform market analyses in order to come up with appropriate, adequate salaries and benefits packages for different jobs at the companies for which they work. Their average salary is about $67,910, according to TradeSchools.net.

7. Lawyer

Lawyers can work in all different fields, but having a degree in economics can be beneficial for most industries as a lawyer. That’s because understanding the economy is incredibly important when dealing with a whole host of different cases — nevermind the fact that a degree in economics and a passing grade on the Law School Admissions Test (LSAT) will qualify you for law school. Once out of school and employed, lawyers can make about $120,910 per year, or about $58.13 per hour, according to the Bureau of Labor Statistics.

8. Actuary

An actuary is someone who uses ” mathematics, statistics and financial theory to analyze the financial costs of risk and uncertainty,” according to the Bureau of Labor Statistics, which also reports that actuaries earn about $102,880 per year, or $49.46 per hour. The job outlook for actuaries between 2018 and 2028 suggests a 20% increase, which is much faster than average.

9.  Personal Financial Advisor

Personal financial advisors can earn about $88,890 per year, or $42.73 per hour, according to the Bureau of Labor Statistics. Their main job is to “provide advice to help individuals manage their finances and plan for their financial future.” And there were 271,700 jobs openings for personal financial advisors in 2018, which means that the job is in demand. Financial advisors usually come out of undergraduate school with a degree in a subject like economics.

10. Management Consultant

A management consult will benefit from an economics degree because these professionals are responsible for helping companies find new, more efficient and ultimately better ways of doing business via organizational changes, policy developments and improved processes. According to TradeSchools.net, a management consultant earns about $94,390 per year, on average.

11. Healthcare Analytics Specialist

Informatics companies need healthcare analytics specialists to study hospital departments’ performance patterns. These specialists are usually tasked with analyzing patient data, billing records, inventories and more in order to find gaps. They can earn certification through the American Health Information Management Association, to add to a bachelor’s degree and several years of experience. With that, they’ll earn about $113,730 on average, according to TradeSchools.net.

12. Financial Examiner

Financial examiners “ensure compliance with laws governing financial institutions and transactions,” according to the Bureau of Labor Statistics, which also suggests that they earn about $80,180 per year, or $38.55 per hour. You’d typically need a Bachelor’s degree in a discipline like economics in order to land one of the 60,900 job openings that were available in 2018.

13. Business Reporter

An economics major would make an excellent business reporter, as they understand trends and can speak about them in a way that other, non-economics professionals would understand. This job, according to ZipRecruiter, earns an average salary of $61,497.

14. Statistician

A statistician is responsible for analyzing data and applying mathematical and statistical techniques to solve problems at hand. They can earn about $88,190 per year or $42.40 per hour, according to the Bureau of Labor Statistics. Statisticians usually come out of undergraduate school with a degree in a subject like economics.

15. Supply Chain Analyst

Supply chain analysts usually work for manufacturing firms, transportation service providers and retail businesses who hire them to ensure that their processes for delivering products to end users from warehouses are efficient. These analysts collect data on cost and productivity, evaluate shipping processes and pinpoint problems while offering solutions. Doing this earns them about $78,730 a year on average, according to TradeSchools.net.

16. Auditor

Auditors earn about $70,500 per year or $33.89 per hour, according to the Bureau of Labor Statistics. Their job is to prepare and examine financial records, so having a degree in economics is hugely valuable.

17. Real Estate Analyst

Through financial modeling and in-depth market research, a real estate analyst evaluates real estate investment opportunities for all sorts of clients. They look at the construction of new buildings, housing sales and different demographics in various areas to call the shots. While getting a real estate broker’s license can earn them even more money, they typically start out making about $57,261, according to TradeSchools.net.

18. Pricing Analyst

By researching market trends and using their knowledge of economics, pricing analysts, as you might guess, work with businesses to determine the best prices for products and services. They also work closely with marketing and sales teams to determine how to position products appropriately and optimally.

19. Investment Specialist

Working closely with individual clients and businesses, an investment specialist tracks market trends in order to provide advice on how they should best manage their investments and other finances. 

20. Policy Analyst

Combining research, sociology, government and other disciplines and sectors, policy analysts use their extensive knowledge to assist organizations in areas like healthcare, crime prevention, environment and many more to implement and effect real, meaningful change. According to Glassdoor, these professionals can expect to earn an average salary of around $68,281 annually.

A degree in economics can provide a variety of job opportunities in nearly every industry, from local government and the sciences to finance and insurance. While some of these jobs might require additional certifications or education, others are available to those with a bachelor’s degree. And at every level, they offer excellent pay.

Let’s take a look at 18 of the top jobs that offer a competitive salary for economics majors.

highest paying economics jobs uk

Looking for skilled economists? You’ve come to the right place. We have a wide variety of jobs that can suit just about any skill level in all types of industries. Getting these jobs is easy and you’ll have the ability to learn something new while making good money.

Here’s a list of nine economics degree jobs that you may consider pursuing:

1. Business reporter

National average salary: £27,932 per year

Primary duties: Typically, business reporters are journalists who specialise in writing articles and delivering information about recent events and trends in the business and finance sector. As a business reporter with a degree in economics, you may have a chance of becoming an industry expert. For example, you may consider creating a media series where you’d interview influential investors or economists.

Although it’s common for business reporters to be self-taught economics and finance aficionados, it’s helpful for them to have a degree in a field related to their work. They also typically need excellent written and verbal communication and research skills. Most employers may require that they have at least a few years of experience in the media or business field before committing to a fully independent role, which is why you may consider an entry-level or assistant role first.

Related: 14 of the Best-Paid Jobs in Finance

2. Policy analyst

National average salary: £36,130 per year

Primary duties: Policy analysts are finance or legal employees whose responsibilities include reviewing and drafting company policies. They may also be responsible for proposing changes to existing policies and ensuring the compatibility between policies and other documents, such as employment contracts. It’s common for more experienced analysts to help company leadership identify problems within the organisation and use their creative thinking skills to find innovative solutions to help the organisation run smoothly.

Many policy analysts benefit from holding a master’s degree in statistics, public administration or economics. It’s important that they gain experience in the field as interns before moving to a fully independent role. If you’re interested in becoming a policy analyst, you may even consider looking for an internship while you’re still working towards your degree. This may help you position yourself as a highly skilled and qualified graduate and quickly find employment.

Related: 8 Interview Questions and Example Answers for Business Analysts

3. Financial advisor

National average salary: £39,020 per year

Primary duties: As a financial advisor, you can work with individual or business clients, helping them perform complex financial analyses and advise making important business decisions. Your duties may also include helping clients achieve their financial goals by creating personalised financial plans and strategies. Daily, you may provide them with advice about investment plans, savings, budget or tax.

Most financial advisors hold bachelor’s degrees in finance, economics or business and have at least five years of experience working in the finance world. This equips them with relevant knowledge and makes them more trustworthy to the different clients they work with. Many financial analysts are generalists, but they may choose to specialise in one area of finance, such as retirement.

Related: How To Become a Financial Advisor: The Complete Guide

4. Statistician

National average salary: £42,287 per year

Primary duties: Statisticians are typically responsible for collecting, analysing and interpreting data. Many employers look for statisticians to fill roles related to creating financial and economic processes, including data collection tools. As a statistician, you may help companies of your employer make important strategic decisions and support them by identifying data and organisational trends.

If you’d like to become a statistician, consider getting a degree in mathematics, statistics or a related field. An undergraduate degree may be enough for more entry-level positions, but if you’re aiming for an independent or senior role, consider continuing your education by getting a relevant postgraduate field. To increase your chances of succeeding in this profession, it’s important to improve your mathematical abilities, computer literacy and analytical skills.

5. Economist

National average salary: £44,927 per year

Primary duties: Economists are typically economy generalists who study and analyse the trends and changes within the industry, such as those related to stocks, bonds, spending or exchange rates. It’s common for them to focus on the history, the present or the future of economics and how it influences other parts of society. Many economists are self-employed authors, consultants and commentators.

If you’re interested in becoming an economist, you can start by getting a postgraduate degree in economics or a related field. It’s also important that you keep improving your qualifications by obtaining a PhD and continuously working on research work. If your goal is to become a mainstream economic commentator, you may find employment on radio or television channels.

6. Product manager

National average salary: £51,634 per year

Primary duties: A product manager is typically a senior employee who works alongside company leadership to set product objectives and oversee the product team’s work. It’s important for them to have extensive knowledge of marketing, sales and production processes related to the industry or field they’re working in. For example, a product manager working at a tech company may choose to specialise in the best management practices for developing digital products, such as software applications.

Employers may require that candidates for independent project management roles have at least a few years of experience in a product team and hold a relevant degree, such as a Master of Business Administration degree (MBA). If you’re thinking about pursuing this career path, you may consider applying to a junior or assistant product manager role first and try to advance your career once you gain some work experience. It’s also important that you keep improving your communication, marketing and business skills from day one.

Related: Product Manager Skills: 15 Essential Hard and Soft Skills To Develop

7. Compensation manager

National average salary: £63,599 per year

Primary duties: A compensation manager ensures fair and accurate compensation for a company’s employees, including their salary, bonuses or stock options. Their daily duties involve determining pay levels for open positions and conducting pay research and studies. It’s also possible for a compensation manager to be self-employed and work with multiple companies, providing advice on best salary and compensation practices and tools.

Many compensation managers hold at least a bachelor’s degree in business, management, human resources or economics. To work in an independent role, they typically need a few years of experience in HR or a related department. It’s also important for them to have some leadership experience.

8. Actuary

National average salary: £67,487 per year

Primary duties: An actuary is a professional whose daily duties include performing statistical and mathematical studies. Their primary goal is to determine and define the financial outcomes of a certain risk. It’s common for them to find employment in private or public companies to do financial forecasting.

Most actuaries hold degrees in analytical fields, such as economics, actuarial science or mathematics. If you’ve got a degree in economics or are working towards one, you may also consider a postgraduate course in computer science or a related field to improve your qualifications for the role. If you’re looking for an online course to strengthen your essential actuary skills, you may look into public speaking, communication or writing.

Read more: How Much Does an Actuary Make? (Tips on How to Earn More)

9. Corporate lawyer

National average salary: £71,734 per year

Primary duties: Cooperate lawyers are legal professionals who specialise in commercial law. Their primary responsibilities include ensuring a company’s transactions and operations comply with local regulations, preparing documents and negotiating deals. Corporate lawyers with a background in economics may be especially valuable for employers in the banking field because they may adapt faster to finance-oriented roles.

If you’re an economics degree holder and aspire to pursue a career as a corporate lawyer, you may consider taking the Legal Practice Course (LPC). It’s also important that you obtain a training contract. Be sure to keep improving your written and verbal communication and negotiation skills, essential for a successful corporate lawyer.

job opportunities for economics graduates

Market Research Analyst

Market research analysts tap knowledge of industry trends to assess how products or services might fare under various economic conditions. Like economics majors, they are trained to design studies and to gather and analyze data. They must be able to quantify results and present this information to clients.

These analysts apply many of the skills that economics majors develop, such as the use of presentation software and graphical representation, as well as writing and statistical skills. They must think critically about products and services and be adept at solving problems.

Salary: The Bureau of Labor Statistics (BLS) estimated that a market research analyst’s median annual salary was $63,790 in May 2019. The bottom 10% earned less than $34,350 and the top 10% earned more than $122,630.¹

Job Outlook: The BLS projected that employment of market research analysts will grow 18% from 2019 to 2029, much faster than the average for all occupations.¹https://5f223f84e5251e30ea5ad1315e75b084.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.htmlhttps://5f223f84e5251e30ea5ad1315e75b084.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Economic Consultant

Economic consultants use analytical and research skills to carry out studies regarding economic scenarios. They analyze industry trends to help organizations improve their performance. They might work for organizations in a variety of industries, including business, finance, healthcare, education, the government, and more.

Economic consultants can also act as expert witnesses in legal cases to assess economic damages, analyze intellectual property and antitrust violations, and to address regulatory violations.

Salary: PayScale estimates that the average annual salary for an economic consultant is $76,487. The bottom 10% earn up to $59,000 and the top 10% earn at least $119,000.²

Compensation and Benefits Manager

Just like economics majors, compensation and benefits managers must be able to think in numbers, since they evaluate options for pay and benefits. They study trends in the labor market and assess supply and demand for various classes of job.

Compensation and benefits managers research pay and benefits in similar organizations within their industry to establish a competitive structure for their company’s pay and benefits.

They create reports and present their findings to senior management, and might also work with their company’s human resources department.

Salary: The BLS estimated that compensation and benefits managers earned a median annual salary of $122,270 in May 2019. The bottom 10% earned less than $69,870 and the top 10% earned more than $208,000.³

Job Outlook: The BLS projected that employment of compensation and benefits managers will grow 18% from 2019 to 2029, much faster than the average for all occupations.³https://5f223f84e5251e30ea5ad1315e75b084.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Actuary

Actuaries apply advanced mathematical and statistical skills to determine the likelihood of events like fires, deaths, illnesses, and business failures. Like economics majors, they need to consider a great number of variables when analyzing risk profiles to establish a profitable structure for insurance policies.

Actuaries often use software to help with their analyses. They devise graphs and charts to convey their decisions to members of the management team.

Salary: According to the BLS, the median annual earnings for actuaries in May 2019 was $108,350. The bottom 10% earned less than $64,860, and the top 10% earned more than $193,600.⁴

Job Outlook: The BLS predicts that jobs for actuaries will grow at the much-faster-than-average rate of 18% through 2029.⁴

Credit Analyst

Credit analysts conduct microeconomic analyses of prospective clients to assess the risks involved with loaning funds to those people or businesses. They take into account economic trends and factors impacting the region, industries, and competitors of prospective clients.

Credit analysts prepare reports summarizing their findings and suggest interest rates that are appropriate to clients’ risk profiles.

Salary: According to the BLS, credit analysts earned a median annual salary of $73,650 in May 2019. The bottom 10% earned less than $43,430 and the top 10% earned more than $145,840.⁵

Financial Analyst

Financial analysts research companies, industries, stocks, bonds, and other investment vehicles for finance departments. Their analyses often require the advanced quantitative skills possessed by many economics majors.

These analysts often use computer software and models to aid their analyses. They write reports and prepare presentations for colleagues and clients who make the final decisions about investments, stock/bond offerings, and mergers/acquisitions.

Salary: According to the BLS, the median annual financial analyst salary was $81,590 in May 2019. The bottom 10% earned less than $47,230 and the top 10% earned more than $156,150.⁶

Job Outlook: The BLS predicts that financial analyst jobs will grow by 5% through 2029, slighter fast than average for all occupations.⁶

Policy Analyst

Policy analysts research and analyze issues that impact the public and recommend legislation and government intervention to address the problems. Economic knowledge is critical to understanding many of the issues and for creating affordable solutions.

Economics majors often have the skills needed to analyze issues like healthcare, taxes, energy, the environment, and international trade policy.

Policy analysts rely on strong writing skills to present their research findings and convince legislators and the public of the viability of their recommendations.

Salary: According to PayScale, policy analysts earn an average annual salary of $59,565. The bottom 10% earned up to $43,000, while the top 10% earned $84,000 or more.⁷

Lawyer

Lawyers use critical thinking and analytical skills to prepare and try their cases. Many areas of law such as corporate law, tax law, antitrust law, personal injury, and medical malpractice involve the application of micro- and macroeconomic analysis.

Lawyers draw on research and writing skills to carry out their work. They must gather facts and evidence to support a position. Lawyers must compellingly present their findings to convince a judge, jury, or opposing attorney of their position.

Salary: According to the BLS, the median annual lawyer salary was $122,960 in May 2019. The bottom 10% earned less than $59,670 and the top 10% earned more than $208,000.⁸

Job Outlook: The BLS predicts that jobs for lawyers will grow by 4% through 2029, about as fast as average for all occupations.⁸

Management Consultant

Management consultants analyze business problems and research possible solutions to present to clients. New college graduates often start out in positions like research analyst, research assistant, or junior consultant, where they support the work of more senior staff. They can then progress to positions like management consultant.

The economics major provides an excellent background in the financial and quantitative modeling that consultants use to conduct their analyses. Writing and public speaking skills are also necessary when writing reports and presenting recommendations to clients.

Salary: According to the BLS, the median annual salary for management analysts in May 2019 was $85,260. The bottom 10% earned less than $49,700, and the top 10% earned more than $154,310.⁹

Job Outlook: The BLS predicts that jobs for management consultants will grow by 11% through 2029, faster than average for all occupations.⁹

Business Reporter

Business/economics reporters research, write and broadcast stories about business leaders, companies, industry trends, economic developments, and financial markets. In essence, they are ongoing students of economics as applied to the modern world.

The curiosity that economics majors often possess about how the economic world functions is essential for success in this field.

The ability to write about economic issues in plain language that the average viewer or reader can comprehend is also vital.

Salary: According to ZipRecruiter, the average salary for business reporters is $61,862.