Economic adviser vs price economist

The differences between economic advisers and price economists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an economic adviser has an average salary of $76,957, which is higher than the $58,131 average annual salary of a price economist.

The top three skills for an economic adviser include economic analysis, economic development and financial institutions. The most important skills for a price economist are financial statements, transfer pricing, and data collection.

Economic adviser vs price economist overview

	Economic Adviser	Price Economist
Yearly salary	$76,957	$58,131
Hourly rate	$37.00	$27.95
Growth rate	6%	6%
Number of jobs	11,974	902
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 65%
Average age	45	45
Years of experience	-	-

Economic adviser vs price economist salary

Economic advisers and price economists have different pay scales, as shown below.

	Economic Adviser	Price Economist
Average salary	$76,957	$58,131
Salary range	Between $40,000 And $145,000	Between $25,000 And $132,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between economic adviser and price economist education

There are a few differences between an economic adviser and a price economist in terms of educational background:

	Economic Adviser	Price Economist
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 65%
Most common major	Economics	Economics
Most common college	Harvard University	University of Georgia

Economic adviser vs price economist demographics

Here are the differences between economic advisers' and price economists' demographics:

	Economic Adviser	Price Economist
Average age	45	45
Gender ratio	Male, 73.4% Female, 26.6%	Male, 65.0% Female, 35.0%
Race ratio	Black or African American, 6.3% Unknown, 5.6% Hispanic or Latino, 11.8% Asian, 10.7% White, 65.2% American Indian and Alaska Native, 0.2%	Black or African American, 4.5% Unknown, 5.4% Hispanic or Latino, 7.9% Asian, 11.6% White, 70.4% American Indian and Alaska Native, 0.2%
LGBT Percentage	8%	8%

Differences between economic adviser and price economist duties and responsibilities

Economic adviser example responsibilities.

Perform GIS inventory of city pedestrian infrastructure to achieve ADA compliance
Develop, specify, and test econometric models using time-series econometrics, panel-data econometrics, and limit dependent variable techniques.
Assist in planning and implementation of logistics automation initiatives relate to vehicle fleet management and repair parts management.

Price economist example responsibilities.

Manage, utilize, and archive database for commodities in assign areas.
Develop and apply sophisticated statistical models in the production of the CPI using SAS software.
Develop hedonic regression models using SAS in order to quality adjust apparel price movements within the indexes.
Develop, specify, and test econometric models using time-series econometrics, panel-data econometrics, and limit dependent variable techniques.
Provide economic and financial analysis, particularly on treasury functions and natural resource taxation.

Economic adviser vs price economist skills

Common economic adviser skills

Economic Analysis, 26%
Economic Development, 11%
Financial Institutions, 8%
Research Projects, 7%
Strategic Plan, 6%
Capacity Building, 6%

Common price economist skills

Financial Statements, 47%
Transfer Pricing, 44%
Data Collection, 10%

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Economic Adviser
Economic Adviser vs Price Economist

Updated January 8, 2025

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