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Economics Instructor Careers

There is more than meets the eye when it comes to being an economics instructor. For example, did you know that they make an average of $32.5 an hour? That's $67,598 a year!

Between 2018 and 2028, the career is expected to grow 11% and produce 155,000 job opportunities across the U.S.

What Does an Economics Instructor Do

There are certain skills that many economics instructors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, speaking skills and writing skills.

When it comes to the most important skills required to be an economics instructor, we found that a lot of resumes listed 17.1% of economics instructors included course content, while 12.0% of resumes included office hours, and 11.2% of resumes included adjunct. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the economics instructor job title. But what industry to start with? Most economics instructors actually find jobs in the education and manufacturing industries.

How To Become an Economics Instructor

If you're interested in becoming an economics instructor, one of the first things to consider is how much education you need. We've determined that 14.9% of economics instructors have a bachelor's degree. In terms of higher education levels, we found that 58.7% of economics instructors have master's degrees. Even though most economics instructors have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an economics instructor. When we researched the most common majors for an economics instructor, we found that they most commonly earn master's degree degrees or doctoral degree degrees. Other degrees that we often see on economics instructor resumes include bachelor's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become an economics instructor. In fact, many economics instructor jobs require experience in a role such as teaching assistant. Meanwhile, many economics instructors also have previous career experience in roles such as research assistant or internship.

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Average Salary
$67,598
Average Salary
Job Growth Rate
11%
Job Growth Rate
Job Openings
12,696
Job Openings

Economics Instructor Career Paths

Top Careers Before Economics Instructor

Top Careers After Economics Instructor

Teacher
7.5 %

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Economics Instructor

Economics Instructors in America make an average salary of $67,598 per year or $33 per hour. The top 10 percent makes over $110,000 per year, while the bottom 10 percent under $41,000 per year.
Average Salary
$67,598

Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range59k - 105k$79k$79,020
Middletown, CT
Salary Range57k - 99k$76k$75,879
Springfield, MO
Salary Range60k - 94k$76k$75,778
Cedar Falls, IA
Salary Range61k - 91k$75k$74,767
Atlanta, GA
Salary Range56k - 97k$74k$74,028
Bellingham, WA
Salary Range59k - 90k$73k$73,249
$37k
$105k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Instructor-Economics (Tenure Track)
Instructor-Economics (Tenure Track)
Cincinnati State
Cincinnati State
11/15/2020
11/15/2020
$58,19911/15/2020
$58,199
Economics Instructor
Economics Instructor
Wayne Community College
Wayne Community College
09/21/2020
09/21/2020
$42,39009/21/2020
$42,390
Economics Instructor
Economics Instructor
Chippewa Valley Technical College
Chippewa Valley Technical College
06/14/2020
06/14/2020
$58,45506/14/2020
$58,455
CTY L.I.V.E. Instructor-Applied Economics
CTY L.I.V.E. Instructor-Applied Economics
Johns Hopkins University
Johns Hopkins University
05/10/2020
05/10/2020
$78,26305/10/2020
$78,263
Economic and Workforce Development Water Quality Instructor
Economic and Workforce Development Water Quality Instructor
Moraine Park Technical College
Moraine Park Technical College
05/06/2020
05/06/2020
$62,31505/06/2020
$62,315
See More Recent Salaries

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Economics Instructor Demographics

Gender

male

55.0 %

female

35.7 %

unknown

9.3 %

Ethnicity

White

70.0 %

Asian

11.2 %

Hispanic or Latino

9.2 %

Foreign Languages Spoken

Spanish

42.9 %

French

11.4 %

Mandarin

8.6 %
See More Demographics

Economics Instructor Education

Majors

Economics
41.1 %
Finance
5.4 %

Degrees

Masters

58.7 %

Doctorate

20.4 %

Bachelors

14.9 %

Top Colleges for Economics Instructors

1. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

2. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

3. University of Georgia

Athens, GA • Public

In-State Tuition
$11,830
Enrollment
29,474

4. California State University - Bakersfield

Bakersfield, CA • Public

In-State Tuition
$7,309
Enrollment
9,142

5. University of Michigan - Ann Arbor

Ann Arbor, MI • Public

In-State Tuition
$15,262
Enrollment
30,079

6. Virginia Polytechnic Institute and State University

Blacksburg, VA • Public

In-State Tuition
$13,620
Enrollment
27,730

7. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

8. Cornell University

Ithaca, NY • Private

In-State Tuition
$55,188
Enrollment
15,105

9. Ohio State University

Columbus, OH • Public

In-State Tuition
$10,726
Enrollment
45,769

10. University of California, Berkeley

Berkeley, CA • Public

In-State Tuition
$14,184
Enrollment
30,845
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Economics Instructor

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 17.1% of economics instructors listed course content on their resume, but soft skills such as interpersonal skills and speaking skills are important as well.

Best States For an Economics Instructor

Some places are better than others when it comes to starting a career as an economics instructor. The best states for people in this position are Nevada, Delaware, Rhode Island, and Illinois. Economics instructors make the most in Nevada with an average salary of $100,926. Whereas in Delaware and Rhode Island, they would average $95,765 and $91,166, respectively. While economics instructors would only make an average of $88,307 in Illinois, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Nevada

Total Economics Instructor Jobs:
127
Highest 10% Earn:
$170,000
Location Quotient:
1.42
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Delaware

Total Economics Instructor Jobs:
66
Highest 10% Earn:
$164,000
Location Quotient:
1.23
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Oregon

Total Economics Instructor Jobs:
249
Highest 10% Earn:
$127,000
Location Quotient:
1.4
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Economics Instructor Employers

1. ITT Inc.
4.6
Avg. Salary: 
$97,557
Economics Instructors Hired: 
4+
2. John B. Cade Library
4.5
Avg. Salary: 
$88,632
Economics Instructors Hired: 
4+
3. Illinois Valley Community College
3.8
Avg. Salary: 
$50,187
Economics Instructors Hired: 
3+
4. Emory University
4.6
Avg. Salary: 
$115,315
Economics Instructors Hired: 
3+
5. Colgate University
4.3
Avg. Salary: 
$96,030
Economics Instructors Hired: 
3+
6. North Carolina Central University
4.4
Avg. Salary: 
$125,472
Economics Instructors Hired: 
3+
Updated October 2, 2020