Introduction to the Inspiring Life of Author Mildred D. Taylor
Introduction You’ve probably read a few books in your lifetime. But have you ever read a book that changed your life? That’s what Mildred D.
Becoming an economist in the United States can seem like a daunting task. You must meet many requirements before you can even begin to think about pursuing this career.
However, it is possible to achieve your goal with the right information and guidance. This article will outline everything you need to do to become an economist in the United States.
So, if you are interested in this field and are ready to take the next step, keep reading!
Before you decide whether or not becoming an economist is the right choice for you, it is important to understand what the job entails.
An economist’s job is to study and analyze goods and services production, distribution, and consumption. They use this information to help make policy recommendations about improving the economy.
However, economists must have a strong understanding of social science concepts and be able to use data analysis techniques for such crucial tasks.
In addition, economists must be able to communicate their findings to others clearly and concisely.
Now that we have answered the question “what is an economist’s job,” it’s time to move on to the second question: “what is the pathway to becoming an economist in the United States?”
Here are the steps that you will need to take in order to become an economist in the United States:
The first step on the road to becoming an economist is to get a degree in economics.
You can do this by completing a bachelor’s, master’s, or doctorate degree in economics.
However, you may also have a bachelor’s in accounting or finance to later pursue a career in economics.
No matter which degree you choose, some common subjects you’ll study in coursework include:
In addition to getting a degree, you will also need to gain some experience in the field.
One way to do this is to complete an internship while completing your degree.
This will allow you to learn about the day-to-day work of an economist and see if it is the right fit for you.
Another way to gain experience is to volunteer your time with organizations that focus on economic policy.
Volunteer work will allow you to learn about the critical issues for economists and how you can solve them.
After you have completed your degree and gained some experience, you will be ready to start your career as an economist.
There are a variety of different employers that hire economists.
Some examples include:
Once you have started your career, you may want to join professional societies and get certified.
Societies and communities will allow you to network with other economists and stay up-to-date on the latest economic developments.
Some professional societies that you may want to join are:
In addition, you may want to get certified by the AEA or NAEE.
This will show that you have the skills and knowledge necessary to be a successful economist.
Now you must be thinking about the job designation or title you would get after completing a degree in Economics. Well, the job role would not exactly be termed as an economist. In fact, there are different types of economist jobs available in the United States. Here are some of the most common job titles:
As for the industries or sectors, economists are mostly employed in the following sectors:
Now that you know what Economists do let’s look at some of their job responsibilities in detail. Here is what economists do on a day-to-day basis:
Plus, they are always writing lots of articles and reports on economy and finance-related topics.
As per the Bureau of Labor Statistics report in 2020, an economist’s national average annual wage is $116,020. This salary is more than double the average yearly salary for all occupations, $51,960.
However, the average economist’s salary swings significantly from this, depending on your state. The worst-paying states for economists pays nearly $55,000 less than the national average.
Here’s a look at the top 10 states where economist salaries are the highest:
Texas average economist salary: $106,480
The Bureau of Labor Statistics predicts that the employment of economists is projected to grow 6 percent from 2021 to 2031. This might seem low, but it’s actually a good growth rate as it will create nearly 20,000 jobs!
The competition for jobs will be strong as the pool of job seekers is expected to exceed the number of available positions significantly.
For these reasons, a master’s degree or higher will be necessary to compete for most positions.
In addition, experience in a related field such as data analysis or marketing will be helpful.
So, these are some of the things you should know before planning a career as an economist.
The Sadie Collective is a non-profit organization that addresses the pipeline and pathway problems of Black women in economics, finance, data science and policy.
https://www.sadiecollective.org/
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Introduction You’ve probably read a few books in your lifetime. But have you ever read a book that changed your life? That’s what Mildred D.
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