What they 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.
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Also called: |
Economic Analyst, Economic Consultant, Economic Development Specialist, Economist, Forensic Economist, Project Economist, Research Analyst, Research Associate, Revenue Research Analyst, Tax Economist
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Wages
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Vermont - 2023 |
Percentile1 | Hourly | Yearly |
10% |
$ 21.42 |
$44,550 |
25% |
$ 21.42 |
$44,550 |
Median |
$ 37.97 |
$78,980 |
75% |
$ 48.44 |
$100,750 |
90% |
$ 56.49 |
$117,500 |
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Average |
$ 38.12 |
$79,290 |
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More at CareerOneStop |
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Industries of Employment
United States - 2020 |
Industry | Percent of total |
- Professional, scientific, and technical services
| 35% |
- Federal government, excluding postal service
| 26% |
- State government, excluding education and hospitals
| 11% |
- Local government, excluding education and hospitals
| 7% |
- Religious, grantmaking, civic, professional, and similar organizations
| 6% |
More at BLS |
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Knowledge
People in this career often know a lot about: |
- Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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- Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
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- English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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- Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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- Education and Training
Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
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More at O*NET |
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Skills
People in this career often have these skills: |
- Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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- Mathematics
Using mathematics to solve problems.
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- Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
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- Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
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- Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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More at O*NET |
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Interests
People in this career often prefer these work environments: |
- Investigative
Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.
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- Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
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- Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
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What are your interests? Take the O*NET Interest Profiler |
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Work Styles
People in this career will do well at jobs that need: |
- Analytical Thinking
Job requires analyzing information and using logic to address work-related issues and problems.
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- Achievement/Effort
Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
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- Persistence
Job requires persistence in the face of obstacles.
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- Initiative
Job requires a willingness to take on responsibilities and challenges.
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- Integrity
Job requires being honest and ethical.
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More at O*NET |
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Tasks
On the job, you would: |
- Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
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- Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.
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- Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
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- Supervise research projects and students' study projects.
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- Teach theories, principles, and methods of economics.
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More at O*NET |
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Related Occupations
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Career Video
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Projected Employment
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Vermont |
2020 employment |
40 |
2030 employment |
49 |
Annual percent change (compounded) |
2.1% |
Annual projected job openings (due to change and separations) |
4 |
More at Occupational Projections |
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Education and Experience:
- Typical education needed for entry
Master's degree
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- Work experience in a related occupation
None
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- Typical on-the-job training needed to attain competency
None
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Based on BLS Education and Training Classifications |
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Physical Work Activity
Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling materials. |
- Physical activity is Seldom Important
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- Level of activity is Very Low
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Low | | High |
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Compare Occupations at O*NET |
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Job Zone
Extensive Preparation Needed |
- Specific Vocational Preparation Range
(8.0 and above) - A typical worker will require
over 4 years up to and including 10 years or more
of training to achieve average performance in this occupation.
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Based on O*Net Job Zones and SVP |
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Education Level
How much education do most people in this career have? |
Education level | | Percent of U.S. Workers |
Doctoral or professional degree or post-MA certificate | | 70% |
Master's degree or post-BA certificate | | 30% |
Bachelor's degree | | 0% |
Associate's degree | | 0% |
Certificate or some college, no degree | | 0% |
High school diploma or equivalent | | 0% |
Less than high school diploma | | 0% |
More at O*NET |
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Abilities
People in this career often have talent in: |
- Written Comprehension
The ability to read and understand information and ideas presented in writing.
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- Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
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- Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
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- Mathematical Reasoning
The ability to choose the right mathematical methods or formulas to solve a problem.
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- Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
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More at O*NET |
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Work Activities
In general, what you might do: |
- Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
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- Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
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- Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
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- Processing Information
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
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- Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
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More at O*NET |
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Detailed Work Activities
What you might do in a day: |
- Review professional literature to maintain professional knowledge.
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- Prepare scientific or technical reports or presentations.
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- Forecast economic, political, or social trends.
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- Instruct college students in social sciences or humanities disciplines.
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More at O*NET |
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Other Resources
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- CareerOneStop
resource for job seekers, students, businessess and career professionals
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- O*NET Online
nation's primary source of occupational information
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