Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between economic research assistants and research scholars can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both an economic research assistant and a research scholar. Additionally, an economic research assistant has an average salary of $59,920, which is higher than the $58,047 average annual salary of a research scholar.
The top three skills for an economic research assistant include BLS, data collection and statistical data. The most important skills for a research scholar are analyze data, C++, and original research.
| Economic Research Assistant | Research Scholar | |
| Yearly salary | $59,920 | $58,047 |
| Hourly rate | $28.81 | $27.91 |
| Growth rate | 6% | 17% |
| Number of jobs | 47,035 | 51,721 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 55% |
| Average age | 38 | 38 |
| Years of experience | 2 | 2 |
Working alongside economists and social scientists, an economic research assistant delves deeper into the principles, evolution, and current trends in the economy. They help develop surveys and polls that might help get citizens' thoughts on the economy and market. They must have ample knowledge of computers, data entry, and basic arithmetic and statistics to input data and acquire results immediately. They work to assist economists in providing citizens real-time reports on societal and economic trends, and market exchanges.
Research scholars are college students who perform on projects in a particular field for a university or organization. Generally, they work with professors and other professionals in the field of study and focus on discovering new information that can be produced in trade or academic journals. Also, they pursue intellectual and academic activities as well as may engaged in educating other researchers. They are usually paid a stipend for a set duration of time, and some may work outside the university.
Economic research assistants and research scholars have different pay scales, as shown below.
| Economic Research Assistant | Research Scholar | |
| Average salary | $59,920 | $58,047 |
| Salary range | Between $35,000 And $101,000 | Between $36,000 And $92,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | The George Washington University | |
| Best paying industry | Finance | Technology |
There are a few differences between an economic research assistant and a research scholar in terms of educational background:
| Economic Research Assistant | Research Scholar | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 55% |
| Most common major | Economics | Chemistry |
| Most common college | Harvard University | Harvard University |
Here are the differences between economic research assistants' and research scholars' demographics:
| Economic Research Assistant | Research Scholar | |
| Average age | 38 | 38 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 51.8% Female, 48.2% |
| Race ratio | Black or African American, 8.6% Unknown, 6.0% Hispanic or Latino, 15.3% Asian, 16.7% White, 52.4% American Indian and Alaska Native, 1.0% | Black or African American, 8.6% Unknown, 6.0% Hispanic or Latino, 15.3% Asian, 16.8% White, 52.2% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 8% | 8% |