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What is a principal research economist and how to become one
These guys are responsible for producing and distributing goods, resources, and services. They do this by analyzing data, researching trends, collecting data, evaluating economic issues, and researching trends. The primary job of a Principal Research Economist is to research and analyze economic-related issues.
They are also tasked with leading the economics and finance team, providing technical inputs to some required projects. There are some skills you need to have to increase your chances of getting this job, some of them include:
Detail Oriented: To make a good economic decision, there is a need to consider every detail you have at hand. And to do that, you must be meticulous with every available information.
Math Skills: You must be mathematically inclined to be able to handle this job; you must be able to comprehend and apply mathematical techniques.
Writing skills: Writing skills are needed while reporting your research; you must improve on your writing skills so you can draft a report everybody can easily understand.
As for the salary structure, it depends on the size of the organization, the experience of the candidate, and the country of residence. In the United States, an average Principal Research Economist earns between $144,053 and $229,000.
What general advice would you give to a principal research economist?
Erik Johnson Ph.D.
Assistant Professor of Economics, Carthage College
Avg. Salary $91,494
Avg. Salary $59,228
Growth rate 6%
Growth rate 0.3%
American Indian and Alaska Native 0.24%
Asian 16.90%
Black or African American 5.75%
Hispanic or Latino 10.61%
Unknown 5.55%
White 60.96%
Genderfemale 34.20%
male 65.80%
Age - 43American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 43Stress level is moderate
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
Principal research economist career paths
Key steps to become a principal research economist
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Start to develop specific principal research economist skills
Skills Percentages C++ 17.63% Research Projects 16.32% Data Analysis 7.35% Data Collection 6.33% Project Management 5.30% Research principal research economist duties and responsibilities
- Lead the advanced receiver hardware prototyping and evaluate the receiver performance.
- Develop a discrete choice modeling procedure (CMDC) in the SAS cloud computingplatform (SAS Viya).
- Initial testing involve regression modeling to determine external variable sensitivity to default and foreclosure.
- Mitigate unexpected talent loss by developing a logistic regression model design to evaluate attrition risk for newly-hire employees.
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Now it's time to start searching for a principal research economist job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average principal research economist salary
The average principal research economist salary in the United States is $91,494 per year or $44 per hour. Principal research economist salaries range between $61,000 and $136,000 per year.
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Principal research economist reviews
Language barrier can be a problem,because communication needs to be formed in the language that each community you interact with understands.
Updated January 8, 2025
