Economic Consultant
Impact: Strategic decision-making, policy formulation, financial valuation
Analyze economic and statistical data, prepare comprehensive reports, and formulate strategic plans to address complex economic problems related to the production and distribution of goods and services, or monetary and fiscal policy. Provide expert advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
What the day looks like
- People interaction
- Extensive
- Team vs solo
- Team-oriented with significant individual analysis
- Client facing
- Always
- Impact visibility
- High
- Travel
- Moderate (up to 25% for client meetings or project sites)
- Schedule flexibility
- Moderate
- Remote work
- Hybrid
- Typical work hours
- 45-55
- Stress level
- High
At a glance
- Median salary
- $170,000
- Entry-level
- $110,000
- Senior
- $230,000
- Growth by 2033
- 6% (average)
- Demand
- Growing
- Freelance potential
- High
- Salary growth potential
- High
- Typical student debt
- $50,000 - $100,000
Skills you'll use
Hard skills
- Econometrics
- Statistical Analysis
- Data Modeling
- Financial Analysis
- Research Methods
Soft skills
- Critical Thinking
- Complex Problem Solving
- Judgment and Decision Making
Technical complexity: High
How to get there
- Minimum education
- Master's degree
- Licensing
- No
- Years to mid-career
- 5
- Years to senior
- 10
- Career switching
- Moderate
Where this career leads
How people arrive here
Where you can go from here
Typical progression
- Analyst
- Consultant
- Senior Consultant
- Principal/Partner
Future outlook
- Automation probability
- 15% to low risk due to relationship and judgment components
- AI disruption risk
- Moderate
- Demand trend
- Growing
How people feel about it
- Overall satisfaction
- 3.8/10
- Meaning
- 4/10
- Work-life balance
- 3/10
- Prestige
- 8.5/10
- Social perception
- Low