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This question is about economist salaries.
How much does an economist with a Ph.D. make?
An economist with a Ph.D. typically makes a minimum of $100,000 in a year. While there is a wide range of roles with different salary levels, most economists make at least $100,000 in a year.
An economist with a Ph.D.studies the production and distribution of resources, goods, and services and applies economic analysis regarding various issues. Their knowledge is used in various fields, such as private enterprise, education, health, and development.
Salaries for economists can depend on multiple factors, such as education, experience level, employer type, and geographical location. The highest-paying economist jobs are usually proportional to the years of experience in the field and the level of education.
Some high-paying jobs that economists hold include finance trading, managing compensation and benefits, and actuary. Finance trading involves monitoring the financial market and the performance of securities and accurately analyzing and evaluating costs, risks, and returns.
Meanwhile, compensation and benefits managers will manage a company's payment system and its employees' benefits, including health insurance, retirement plans, dental, and bonuses. This position typically pays around $115,000 or more.
Finally, economists who become actuaries use their monetary knowledge and economic acumen to analyze and manage risk. This role typically starts at $115,000, and salary only increases from there.
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