Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
An Economist studies the production, distribution, and consumption of goods and services by analyzing data, trends, and economic theories. They use this analysis to advise businesses, governments, and individuals on economic decisions.
Education: Master's degree
Years in related career: None
On-the-job training: None
Projected Growth: 6.3% (above average)
Annual job openings: 900
Direct AI exposure: 33% of tasks
Potential AI exposure: 58% of tasks
| Income data is from Employment and Social Development Canada's 2025 wage tables. The closest match for this career in Canada’s occupational classification system is Economists and Economic Policy Researchers and Analysts. According to the wage tables, average income is $100K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $70K per year | $83K per year | $100K per year | $127K per year | $149K per year |
| Compared to other careers: Median is $35K above the national average. | ||||
Economists typically work in an office environment. They are often employed by government agencies, private corporations, consulting firms, research organizations, and academic institutions. Some economists may travel to gather information or present research findings.
Economists play a crucial role in understanding and interpreting the complex workings of economies. They analyze vast amounts of data to forecast market trends, guide fiscal policy, and solve economic issues. Their work is vital in informing decisions that affect economic policies, corporate strategies, and individual financial choices. Economists use various methods, including mathematical models and statistical techniques, to study economic phenomena.
The profession requires a strong foundation in economics, mathematics, and statistical analysis. Economists must be adept at using software for data analysis and be able to communicate complex concepts effectively. They work on a variety of issues, from analyzing consumer behavior and market competition to evaluating the impact of government policies and global economic trends.
A career in economics can be intellectually stimulating and rewarding, offering opportunities to influence significant policy decisions and business strategies. Economists are often at the forefront of addressing global economic challenges, making their role pivotal in shaping economic policies and practices that impact societies worldwide.
A master's degree or Ph.D. in economics is commonly required for most economist positions, which can take 6-10 years of post-secondary education, including undergraduate studies. However, entry-level roles may be available to those with a bachelor's degree.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
