The Career of Economist

-By Alessandra Guerrero-

Block CReading

2/22/2011

“Many of Life’s failures are people who did not realize how close they were to failure when they gave up”

- Thomas Edison

Thought About Success

Economists monitor economic trends of different businesses.

They develop economic forecasts on a whole variety of issues.

Economists process economic and statistical data using different techniques.

Most Economists only obtain a Master’s degree. But with a PhD you have more opportunities with higher paying jobs.

Economists spend a minimum of four years in college to more than ten years.

The median annual wage and salary wages of Economists was $83,590 in May 2008.

The beginning annual wage is less than or equal to $44,050.

The average was between $59,390 and $113,590.

The potential wage was higher or equal to $149,110.

Employment of Economists are expected to grow more slowly than the average for all occupations.

In 2008, there were 14,600 Economists in the US. It is predicted that there will be 15,500 in 2018.

In Maryland, there were 240 Economists in 2008, and it’s predicted 230 in 2018, with a 6% decrease.

Economist Biologist

Overview An Economist is an analyst who studies the world of finances. Economists do research, prepare reports and devise economic forecasts. Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to produce goods and services.

Biologists study living organisms and their relationship to the environment. They perform research to gain a better understanding of fundamental life processes and apply that understanding to developing new products or processes.

Education To pursue a career as an Economist, a PhD in economics is strongly recommended.

Most biological scientists need a Ph.D. in biology or one of its subfields to work in independent research or development positions. Jobs in Master and Bachelor’s degrees are also available.

Economist Biologist

Salary Median annual wage and salary wages of Economists were $83,590 in May 2008. The middle 50 percent earned between $59,390 and $113,590.

Median annual wages of zoologists and wildlife Biologists were $55,290 in May 2008. The middle 50 percent earned between $43,060 and $70,500.

Outlook and Growth Potential

Employment of Economists is expected to grow more slowly than the average for all occupations. In the USA and in the year 2008, there were 14,600 Economists.

Employment of biological scientists is expected to increase much faster for all occupations. In the US, there were 31,700 biological scientists in 2008, and in Maryland there were 3,020.

Related Careers Sociologists and Political Scientists, Management Analyst, Budget Analyst, Accountant, Farm and Home Financial Managers, and Credit Analyst.

Astronomer, Archaeologist, Epidemiologist, Animal Breeder, Soil and Plant Scientist, and a Medical Scientist.

Oral expression and oral comprehension, written comprehension, and deductive reasoning are every important to Economists.

Some topics studied in economics include:-Micro/macro economics-economic history-international trade and finance-public finance

Some careers and occupations that are related to Economists include:

-Sociologist and Political Scientist

-Budget Analyst

-and Accountants