How to Become an Economist in 2026
Median salary: $115,440 · +1.2% projected growth (2024–2034)
What does an Economist do?
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.
Economist Salary in 2026
The median annual salary for Economists is $115,440. The bottom 10% earn around $62,340 while the top 10% earn over $212,710.
| Experience level | Annual salary |
|---|---|
| Entry-level (P10) | $62,340 |
| Early career (P25) | $82,260 |
| Median | $115,440 |
| Experienced (P75) | $166,030 |
| Top earners (P90) | $212,710 |
Highest-paying metros
Economist salary by state
| State | Median salary |
|---|---|
| District of Columbiatop | $162,610 |
| Virginia | $148,010 |
| New York | $142,300 |
| Maryland | $137,610 |
| Georgia | $127,220 |
| Ohio | $117,750 |
| Washington | $116,390 |
| Missouri | $115,520 |
| Kansas | $115,100 |
| Pennsylvania | $113,300 |
| Illinois | $112,790 |
| North Carolina | $111,770 |
| Oregon | $111,660 |
| Colorado | $111,540 |
| Tennessee | $110,320 |
| Alaska | $108,960 |
| Minnesota | $107,470 |
| Texas | $106,200 |
| Alabama | $103,400 |
| Connecticut | $103,200 |
| Massachusetts | $103,170 |
| New Jersey | $102,350 |
| California | $100,510 |
| Arizona | $96,390 |
| Montana | $95,990 |
| Indiana | $95,830 |
| Michigan | $94,850 |
| Iowa | $92,750 |
| Florida | $89,250 |
| Louisiana | $89,010 |
| Nevada | $84,540 |
| New Mexico | $82,490 |
| Oklahoma | $82,330 |
| Hawaii | $81,740 |
| Maine | $80,670 |
| Idaho | $78,770 |
| Wisconsin | $76,940 |
| Nebraska | $66,690 |
| Kentucky | $65,470 |
| South Carolina | $51,980 |
How to earn more as an Economist
The salary range for Economists spans $150,370 — from $62,340 at entry level to $212,710 for top earners. The highest-paying metro area is New York-Newark-Jersey City, NY-NJ at $168,850 — $53,410 above the national median. An advanced credential — such as a graduate degree or specialized certification — is consistently associated with higher earnings in this field.
How to get there
Typical education: Master's degree
Starting from high school
- Complete a master's degree program (4–6 years undergrad + 2–4 years graduate)
- Pursue internships and co-op experiences during your studies
- Build 1–2 years of entry-level experience
- Continue professional development and earn certifications
- Advance into full professional role after meeting experience requirements
Choose an accredited program with strong industry connections and internship placement rates. Look for schools that offer co-op programs where you alternate between study and paid work. Many employers recruit directly from university programs, so networking and career fairs are valuable. Consider the total return on investment — schools with lower tuition but strong placement rates often outperform expensive programs.
Graduate assistantships, fellowships, and employer sponsorship can significantly reduce costs. Research public university options.
With a related degree
- Complete additional coursework or a certificate program in the specialization
- Earn professional certifications (field-specific certifications and licensure)
- Build relevant experience through lateral transfers or project work
- Position yourself for the role using your combined education and experience
Your existing degree covers many foundational requirements. Focus on the gap — often 3–6 specialized courses plus a certification or two. Many universities offer post-baccalaureate certificates that take 1–2 semesters. Online programs from accredited universities provide flexibility for working professionals.
Certificate programs and individual courses are much cheaper than a second degree. Many employers offer tuition reimbursement for career-relevant education.
Career change from another field
- Enroll in a graduate program in the field
- Earn required professional certifications
- Complete supervised work experience or residency
- Leverage your previous career skills for a differentiated profile
Career changers bring valuable perspective — employers increasingly value diverse backgrounds. Look for accelerated programs designed for career changers (many fields now offer 12–18 month intensive programs). Your prior professional experience in areas like project management, communication, and leadership transfer directly and can accelerate your advancement once you enter the field.
Career change scholarship programs exist in many fields. Some employers offer sign-on bonuses or student loan repayment assistance for in-demand specializations.
Already working in another career?
See how your skills transfer to Economist — free. PathScorer maps your experience against the requirements and shows you what you already qualify for.
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The Economist role has a high AI exposure score. Significant parts of this role are automatable. Focus on the human-centric aspects that AI can't replicate.
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Based on skill overlap analysis — these occupations share core competencies with Economist.
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SOC: 19-3011.00 · Data: O*NET 29.1, BLS OEWS 2024, BLS Employment Projections 2024–2034