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* ELMI Occupation Profile - Economists *
 
Economists
(O*NET 19-3011.00, SOC 19-3011)
 
More detailed occupations under this title:
 - Environmental Economists
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.
 
Also called:
Economic Analyst, Economic Consultant, Economic Development Specialist, Economist, Forensic Economist, Project Economist, Research Analyst, Research Associate, Revenue Research Analyst, Tax Economist
 
 
Wages
Vermont - 2019
Percentile1HourlyYearly
10% $ 28.40   $59,080  
25% $ 32.95   $68,530  
Median $ 43.81   $91,130  
75% $ 62.43   $129,840  
90% $ 92.39   $192,160  
 
Average $ 53.94   $112,200  
1 What are Percentile Wages?
More at CareerOneStop
 
Industries of Employment
United States - 2016
IndustryPercent of total
  • Federal government, all industries
23%
  • Scientific research and development services
17%
  • Management, scientific, and technical consulting services
15%
  • State government, excluding education and hospitals
9%
  • Religious, grantmaking, civic, professional, and similar organizations
8%
More at BLS
 
Knowledge
People in this career often know a lot about:
  • Mathematics
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Economics and Accounting
    Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Computers and Electronics
    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • 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.
More at O*NET
 
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.
  • Mathematics
    Using mathematics to solve problems.
  • Reading Comprehension
    Understanding written sentences and paragraphs in work related documents.
  • 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.
  • Judgment and Decision Making
    Considering the relative costs and benefits of potential actions to choose the most appropriate one.
More at O*NET
 
Interests
People in this career often prefer these work environments:
  • Investigative
    Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
  • Conventional
    Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising
    Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
What are your interests? Take the O*NET Interest Profiler
 
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.
  • Achievement/Effort
    Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
  • Persistence
    Job requires persistence in the face of obstacles.
  • Initiative
    Job requires a willingness to take on responsibilities and challenges.
  • Integrity
    Job requires being honest and ethical.
More at O*NET
 
Other Resources
  • CareerOneStop
    resource for job seekers, students, businessess and career professionals
  • O*NET Online
    nation's primary source of occupational information
 
Related Occupations
More at O*NET
 
 
Career Video
 
Projected Employment
 Vermont
2016 employment 106
2026 employment 109
Annual percent change
(compounded)
0.3%
Annual projected job openings
(due to change and separations)
8
More at Occupational Projections
 
Education and Experience:
  • Typical education needed for entry
    Master's degree
  • Work experience in a related occupation
    No work experience
  • Typical on-the-job training needed to attain competency
    No on-the-job training
Based on BLS Education and Training Classifications
 
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.
Based on O*Net Job Zones and SVP
 
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
 
Abilities
People in this career often have talent in:
  • Written Comprehension
    The ability to read and understand information and ideas presented in writing.
  • Deductive Reasoning
    The ability to apply general rules to specific problems to produce answers that make sense.
  • Inductive Reasoning
    The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
  • Mathematical Reasoning
    The ability to choose the right mathematical methods or formulas to solve a problem.
  • Oral Comprehension
    The ability to listen to and understand information and ideas presented through spoken words and sentences.
More at O*NET
 
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.
  • Interacting With Computers
    Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Getting Information
    Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Processing Information
    Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Making Decisions and Solving Problems
    Analyzing information and evaluating results to choose the best solution and solve problems.
More at O*NET
 
Detailed Work Activities
What you might do in a day:
  • Review professional literature to maintain professional knowledge.
  • Prepare scientific or technical reports or presentations.
  • Forecast economic, political, or social trends.
  • Supervise trainees.
  • Instruct college students in social sciences or humanities disciplines.
More at O*NET
 
Tasks
On the job, you would:
  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Supervise research projects and students' study projects.
  • Teach theories, principles, and methods of economics.
More at O*NET
 
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This page includes information from the O*NET 24.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.

BLS

This page includes information produced in cooperation with the U.S. Bureau of Labor Statistics, Occupational Employment Statistics and State Occupational Projecions programs.

 
 
 
 
Vermont.gov State of Vermont Department of Labor