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Economists
 
Description

Economists - Conduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. May collect and process economic and statistical data using econometric and sampling techniques.

O*NET code 19-3011.00

 
Wages

The national average annual salary for this occupation is $99,350 per year. Nationally, the average hourly wage for this occupation is $47.77.

In the table click on the "+" sign to expand/collapse areas.

New Mexico Local Wages for Economists
AreaEntry WageAverage WageExperienced Wage
National Annual$99,350
National Hourly$47.77
Statewide Annual---
Statewide Hourly---
+ Metro Areas
Albuquerque Annual---
Hourly ---
Farmington Annual---
Hourly ---
Las Cruces Annual---
Hourly ---
Santa Fe Annual---
Hourly ---
+ Regions
Central Annual---
Hourly ---
Eastern Annual---
Hourly ---
Northern Annual---
Hourly ---
Southwestern Annual---
Hourly ---

A dash '-' indicates that information is not available for this occupation or area.
Metro Areas refer to Metropolitan Statistical Areas.
Regions refer to Workforce Investment Areas.
For more detailed information about New Mexico wages visit the Occupational Employment Statistics program website. Information displayed represents annual 2010 wages.

 
Career Clusters

Click on the career cluster icon to see a plan of study that will help you complete your Next Step Plan. The Career Plan of Study is a Microsoft Excel document. Many occupations will fit into several career clusters.

 
Job Growth

New Mexico

2008 to 2018

In 2008 there were about 20 workers in this occupation in New Mexico. The Department of Workforce Solutions estimates that by 2018 this number will have no growth by about 20 percent and an estmated 20 will be employed in this occupation. Compared to other occupations, employment growth in this occupation is growing more slowly than the average. Job opportunities indicate few and keen competition, as there should be about 0 openings each year for workers in this occupation.

In the Table click on the "+" sign to expand/collapse areas

New Mexico Local Needs for Economists
AreaEstimated
Employment
2008
Projected
Employment
2018
Annual
Percent
Change
Total
Annual
Average
Openings
New Mexico20201.84%0
+ Metro Areas
Albuquerque----
Farmington----
Las Cruces----
Santa Fe----
+ Regions
Central----
Eastern----
Northern----
Southwestern----

A dash '-' indicates that information is not available for this occupation or area.
Metro Areas refer to Metropolitan Statistical Areas.
Regions refer to Workforce Investment Areas.

 
Education

Economists usually need Master's Degree.

Education LevelPercentage
Master's Degree39%
Doctoral Degree29%
Bachelor's Degree24%
Post-Doctoral Training4%
Post-Master's Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master's degree, but do not meet the requirements of academic degrees at the doctoral level.3%

Information based on O*NET data and is the result of a national survey.

Use this list to find educational opportunities for this occupation. Contact the specific schools directly to find out application requirements and program availability.

In the table click on the "+" sign to expand/collapse areas.

New Mexico Schools with programs for Economists
+ Embry-Riddle Aeronautical University-Alb
Website:http://worldwide.erau.edu/campuses-online/albuquerque.html
TypeStandardized Program Title
Bachelor's DegreeBusiness/Managerial Economics
+ Embry-Riddle Aeronautical University-Can
Website:http://worldwide.erau.edu/campuses-online/cannon.html
TypeStandardized Program Title
Bachelor's DegreeBusiness/Managerial Economics
+ Embry-Riddle Aeronautical University-Hol
Website:http://worldwide.erau.edu/campuses-online/holloman.html
TypeStandardized Program Title
Bachelor's DegreeBusiness/Managerial Economics
+ Embry-Riddle Aeronautical University-Whi
Website:http://worldwide.erau.edu/campuses-online
TypeStandardized Program Title
Bachelor's DegreeBusiness/Managerial Economics
+ New Mexico State University main campus(NMSU)
Website:http://www.nmsu.edu
TypeStandardized Program Title
Master's DegreeAgricultural Economics
Postbaccalaureate CertificatesApplied Economics
Doctor's DegreesDevelopment Economics and International Development
Bachelor's DegreeEconomics, General
Master's DegreeEconomics, General
+ University of New Mexico Main Campus-UNM
Website:http://www.unm.edu
TypeStandardized Program Title
Bachelor's DegreeEconomics, General
Doctor's DegreesEconomics, General
Master's DegreeEconomics, General

This list is updated once a year and is compiled from the NM Department of Higher Education and other sources.

 
License

No New Mexico occupational license is required.

 
WorkKeys Skill Levels

No WorkKeys scores are available for this particular occupation.

For further information on WorkKeys please visit the ACT-WorkKeys website. Skill levels are provided for individuals who know thier scores.

 
Industires that Hire Economists in New Mexico.
IndustryPercent of Employed
Educational Services*
Self-Employed Workers, Primary Job5.6%

* Data is confidential.

Source: NMDWS, Economic Research and Analysis Bureau

 
Common Titles
  • Agricultural Economist
  • Business Economist
  • Econometrician
  • Economic Adviser
  • Economic Analysis Director
  • Economic Analyst
  • Economic Consultant
  • Economic Developer
  • Economic Development Specialist
  • Economic Research Analyst
  • Economist
  • Financial Economist
  • Fiscal Economist
  • Forensic Economist
  • Forest Economist
  • Health Researcher
  • Industrial Economist
  • International Trade Specialist
  • Labor Economist
  • Policy Advisor
  • Policy Analyst
  • Policy Officer
  • Price Economist
  • Project Economist
  • Research Analyst
  • Revenue Research Analyst
  • Social Economist
  • Tax Economist
  • Trade Economist

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