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Economic analyst education requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become an economic analyst. Economic analysts usually study economics, business, or finance. 71% of economic analysts hold a bachelor's degree, and 23% hold an master's degree. We analyzed 845 real economic analyst resumes to see exactly what economic analyst education sections show.

The most common colleges for economic analysts are the University of California - Davis and the University of California - Davis.

There are also many online economic analyst courses to help get the education required to be an economic analyst.

There are certain economic analyst certifications that you should consider. These economic analyst certifications include Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA).

What education do you need to become an economic analyst?

What degree do you need to be an economic analyst?

The most common degree for economic analysts is bachelor's degree, with 71% of economic analysts earning that degree. The second and third most common degree levels are master's degree degree at 23% and master's degree degree at 2%.
  • Bachelor's, 71%
  • Master's, 23%
  • Doctorate, 2%
  • Associate, 2%
  • Other Degrees, 2%

What should I major in to become an economic analyst?

You should major in economics to become an economic analyst. 40% of economic analysts major in economics. Other common majors for an economic analyst include business and finance.

Most common colleges for economic analysts

Economic analysts often get their degrees at University of California - Davis, Florida State University, and New York University. Here are the most common colleges for economic analysts in the US based on their resumes.
Economic analyst common collegePercentages
University of California - Davis9.38%
Florida State University8.59%
New York University5.47%
Texas A&M University5.47%
University of Texas at Austin5.47%

Best majors for economic analysts

RankMajorPercentages
1Economics40.4%
2Business16.3%
3Finance11.1%
4Accounting4.4%
5Mathematics4.0%

Best colleges for economic analysts

The best colleges for economic analysts are Northwestern University, University of Pennsylvania, and Vanderbilt University.

An economic analyst with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for economic analysts. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become economic analysts.

1. University of Pennsylvania

Philadelphia, PA • Private

In-state tuition

$55,584

Enrollment

10,764

2. Northwestern University

Evanston, IL • Private

In-state tuition

$54,568

Enrollment

8,451

3. University of Southern California

Los Angeles, CA • Private

In-state tuition

$56,225

Enrollment

19,548

4. San Diego State University

San Diego, CA • Private

In-state tuition

$7,488

Enrollment

30,018

5. Boston University

Boston, MA • Private

In-state tuition

$53,948

Enrollment

17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-state tuition

$9,625

Enrollment

17,407

7. New York University

New York, NY • Private

In-state tuition

$51,828

Enrollment

26,339

8. University of Notre Dame

Notre Dame, IN • Private

In-state tuition

$53,391

Enrollment

8,568

9. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-state tuition

$14,760

Enrollment

31,451

10. Stanford University

Stanford, CA • Private

In-state tuition

$51,354

Enrollment

7,083

20 best online courses for economic analysts

Advertising disclosure

1. The Economics of AI

coursera

The course introduces you to cutting-edge research in the economics of AI and the implications for economic growth and labor markets. We start by analyzing the nature of intelligence and information theory. Then we connect our analysis to modeling production and technological change in economics, and how these processes are affected by AI. Next we turn to how technological change drives aggregate economic growth, covering a range of scenarios including a potential growth singularity. We also...

2. Introduction to Economic Theories

coursera

Wondering why economists have not predicted serious financial crises? Shocked by economic assumptions of human behavior as self-centered and focusing only on what can be measured? Asking yourself if there are no sensible economic alternatives to free markets? Then you are at the right place to learn economics! This is the first online course that teaches economics from a pluralist perspective. Economic pluralism means that a plurality of theoretical and methodological viewpoints is regarded as...

3. Econ 101: The Complete Intro to Economics For Beginners

udemy
4.5
(283)

Economics 101: Economics Made Easy For You! Become an Economics Pro With This Course...

4. Economics: Market Forces of Demand, Supply and Equilibrium

udemy
4.5
(12,592)

Economics: Analyzing Demand, Supply and Market Equilibrium with real life case studies...

5. Earth Economics

coursera

After this course you will be an Earth Economist that can provide evidence-based advise on the best global policy. As an Earth Economist you will better understand the behavior and advice of economists, have become a better economist yourself and know where to find Earth's data and how to analyze these world observations. Our planet is too important: we need you to get engaged! Earth Economics offers a completely new angle to policy analysis by its focus on the truly global level and its...

6. The Art and Science of Economic Policy

coursera

Economic policy affects every citizen. And economic policymaking is best done as a collaborative process with a wide range of stakeholders. This course brings an understanding of the relevance and impacts of economic policymaking in everyday life, and the ways for citizens to be involved in shaping economic policy, in an accessible and interesting manner. Taught by Dr. Vijay Kelkar and Dr. Ajay Shah, along with Aromar Revi, Director, IIHS, the course synthesises more than one hundred years of...

7. The economic model of emerging countries - Michael Spence

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4.5
(6,582)

Understanding Economics. Learn how the world works and why it is the way it it...

8. (Oxford) Master Diploma: Economics (Includes Macro/Micro)

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4.6
(1,312)

NINETY HOURS : Micro/Macro/Global/Business/Behavioural Economics...

9. Social and Economic Networks: Models and Analysis

coursera

Learn how to model social and economic networks and their impact on human behavior. How do networks form, why do they exhibit certain patterns, and how does their structure impact diffusion, learning, and other behaviors? We will bring together models and techniques from economics, sociology, math, physics, statistics and computer science to answer these questions. The course begins with some empirical background on social and economic networks, and an overview of concepts used to describe and...

10. China’s Economic Transformation Part 1: Economic Reform and Growth in China

coursera

In 1978, after nearly 30 years of socialist planning under Mao Zedong, China was one of the world’s poorest countries, saddled with an inefficient, inward-looking economy. Today, China is an upper-middle income country and the world’s largest trading nation, contributing more to global economic growth than any other nation. How could such a remarkable transformation take place? This course will examine in detail the reforms that have contributed to China’s economic development and the current...

11. Economics Decoded: 10 Essential Principles Shaping Our World

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4.4
(729)

Master the application of 10 core economics principles to make informed decisions in both professional and personal life...

12. Macroeconomics: A Comprehensive Economics Course

udemy
4.7
(757)

A Course Designed to Give You a Better Understanding of the World Around You--Perfect for University and Adult Learners!...

13. Managerial Economics and Business Analysis

coursera

In the exceedingly fast-paced business world, growing business demands a clear grasp of how a firm obtains a competitive advantage in its operations, how the business cycle and monetary policies impact the firm’s ability to maximize shareholders’ wealth, and how to obtain and efficiently use data to develop actionable business strategies. The Managerial Economics and Business Analytics Specialization is targeted towards aspiring managers, senior managers, and business executives who wish to...

14. Profit Analysis using Economic Value Added

coursera

In this 1-hour long project-based course, you will learn how to calculate the Weighted Average Cost of Capital, calculate capital invested, finance charge, and NOPAT, and use financial statements to calculate Economic Value Added. Economic Value Added is one of the most critical metrics in financial modeling and analysis and is used to measure the profitability of the projects and management performance. Note: This course works best for learners who are based in the North America region. We're...

15. Microeconomics: A Comprehensive Economics Course

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4.7
(517)

A Course Designed to Give You a Better Understanding of the World Around You--Perfect for University and Adult Learners!...

16. Economics: Behavior of Buyers and Sellers & Product Pricing

udemy
4.2
(336)

The Easiest Beginner level Course on Economics with real life examples and graphic content. Perfect for Newbies!...

17. Doing Economics: Measuring Climate Change

coursera

This course will give you practical experience in working with real-world data, with applications to important policy issues in today’s society. Each week, you will learn specific data handling skills in Excel and use these techniques to analyse climate change data, with appropriate readings to provide background information on the data you are working with. You will also learn about the consequences of climate change and how governments can address this issue. After completing this course, you...

18. Globalization, Economic Growth and Stability

coursera

This Specialization aims to make economic concepts accessible to every learner, and to teach them to analyze current events using the toolkit of economics. It begins by explaining the basic parameters of the macroeconomy, and how governments can/should use both fiscal and monetary policy to influence growth, inflation and employment. It then moves on to the international arena, where countries interact, and explains the basic principles of free trade, exchange rates, the balance of payments and...

19. Economics: Mastering Microeconomics 101

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4.3
(491)

A comprehensive study aid for anyone studying economics...

20. Introduction to Behavioral Economics & Consumer Psychology

udemy
4
(435)

Learn how to apply some of the most powerful principles from consumer psychology to increase conversions...

Top 10 most affordable universities for economic analysts

The most affordable schools for economic analysts are Baruch College of the City University of New York, suny farmingdale, and california state university - long beach.

If the best universities for economic analysts are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for economic analysts.

1. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

2. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

3. California State University - Long Beach

Long Beach, CA • Private

In-state tuition

$6,798

Cost of attendance

18,306

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

5. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

6. California State University - Fullerton

Fullerton, CA • Private

In-state tuition

$6,886

Cost of attendance

17,645

7. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

8. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

9. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

10. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

Top 10 hardest universities to get into for economic analysts

The hardest universities for economic analysts to get into are Northwestern University, University of Pennsylvania, and Vanderbilt University.

Some great schools for economic analysts are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for economic analysts based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions rate

8%

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

8%

SAT average

1,492

3. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

4. Carnegie Mellon University

Pittsburgh, PA • Private

Admissions rate

17%

SAT average

1,507

5. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

6. Washington University in St Louis

Saint Louis, MO • Private

Admissions rate

15%

SAT average

1,506

7. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

8. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

9. University of Notre Dame

Notre Dame, IN • Private

Admissions rate

18%

SAT average

1,502

10. Stanford University

Stanford, CA • Private

Admissions rate

4%

SAT average

1,497

Top 10 easy-to-apply-to universities for economic analysts

The easiest schools for economic analysts to get into are Oklahoma Wesleyan University, holy names university, and notre dame college.

Some schools are much easier to get into. If you want to start your career as an economic analyst without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for economic analysts.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

2. Holy Names University

Oakland, CA • Private

Admissions rate

70%

SAT average

849

3. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

4. Kean University

Union, NJ • Private

Admissions rate

86%

SAT average

991

5. University of Houston - Downtown

Houston, TX • Private

Admissions rate

83%

SAT average

1,012

6. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

7. Iona College

New Rochelle, NY • Private

Admissions rate

88%

SAT average

1,089

8. William Paterson University of New Jersey

Wayne, NJ • Private

Admissions rate

93%

SAT average

994

9. San Francisco State University

San Francisco, CA • Private

Admissions rate

72%

SAT average

1,054

10. Oregon Institute of Technology

Klamath Falls, OR • Private

Admissions rate

96%

SAT average

1,139

Average economic analyst salary by education level

According to our data, economic analysts with a Doctorate degree earn the highest average salary, at $94,421 annually. Economic analysts with a Master's degree earn an average annual salary of $81,823.
Economic analyst education levelEconomic analyst salary
Master's Degree$81,823
Bachelor's Degree$71,887
Doctorate Degree$94,421

Economic analyst education FAQs

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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.

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