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Overview

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What is an econometrician and how to become one

Updated January 8, 2025
2 min read
There is more than meets the eye when it comes to being an econometrician. For example, did you know that they make an average of $41.22 an hour? That's $85,740 a year! Between 2018 and 2028, the career is expected to grow 6% and produce 1,000 job opportunities across the U.S.
ScoreEconometricianUS Average
Salary
6.7

Avg. Salary $85,740

Avg. Salary $59,228

Stability level
4.3

Growth rate 6%

Growth rate 0.3%

Diversity
2.5
Race

American Indian and Alaska Native 0.21%

Asian 11.56%

Black or African American 4.50%

Hispanic or Latino 7.92%

Unknown 5.35%

White 70.45%

Gender

female 22.58%

male 77.42%

Age - 43
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43
Stress level
4.3

Stress level is moderate

7.1 - high

Complexity level
10.0

Complexity level is advanced

7 - challenging

Work life balance
5.2

Work life balance is fair

6.4 - fair

Key steps to become an econometrician

  1. Explore econometrician education requirements

    Most common econometrician degrees

    Master's

    48.3 %

    Bachelor's

    34.5 %

    Doctorate

    17.2 %

  2. Start to develop specific econometrician skills

    SkillsPercentages
    SAS51.05%
    R26.17%
    Regression16.27%
    Data Analysis6.51%

  3. Research econometrician duties and responsibilities

    • Execute deterministic modeling and Monte Carlo simulations in MATLAB to achieve greater mathematical confidence in results obtain from analysis.
    • Migrate a SAS base statistical algorithms of financial interfaces to Splus and LINDO.
    • Support the formation of data bases in SAS.
    • Summarize results in a PowerPoint presentation present to various groups within IBM.

  4. Apply for econometrician jobs

    Now it's time to start searching for an econometrician job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first econometrician job

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Average econometrician salary

The average econometrician salary in the United States is $85,740 per year or $41 per hour. Econometrician salaries range between $49,000 and $148,000 per year.

Average econometrician salary
$85,740 Yearly
$41.22 hourly
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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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