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Principal research economist education requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become a principal research economist. Principal research economists usually study economics, chemistry, or psychology. 56% of principal research economists hold a bachelor's degree, and 26% hold an master's degree. We analyzed 385 real principal research economist resumes to see exactly what principal research economist education sections show.

The most common colleges for principal research economists are the University of Cincinnati and the University of Cincinnati.

There are also many online principal research economist courses to help get the education required to be a principal research economist.

What education do you need to become a principal research economist?

What degree do you need to be a principal research economist?

The most common degree for principal research economists is bachelor's degree, with 56% of principal research economists earning that degree. The second and third most common degree levels are master's degree degree at 26% and master's degree degree at 11%.
  • Bachelor's, 56%
  • Master's, 26%
  • Doctorate, 11%
  • Associate, 4%
  • Other Degrees, 3%

What should I major in to become a principal research economist?

You should major in economics to become a principal research economist. 18% of principal research economists major in economics. Other common majors for a principal research economist include chemistry and psychology.

Most common colleges for principal research economists

Principal research economists often get their degrees at University of Cincinnati, University of Pittsburgh, and University of California, Berkeley. Here are the most common colleges for principal research economists in the US based on their resumes.
Principal research economist common collegePercentages
University of Cincinnati10.00%
University of Pittsburgh6.67%
University of California, Berkeley6.67%
Florida State University6.67%
University of Connecticut5.00%

Best majors for principal research economists

RankMajorPercentages
1Economics17.7%
2Chemistry11.6%
3Psychology10.6%
4Biology8.1%
5Business7.6%

Best colleges for principal research economists

The best colleges for principal research economists are Northwestern University, Vanderbilt University, and Johns Hopkins University.

A principal research economist with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for principal research economists. 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 principal research economists.

1. Massachusetts Institute of Technology

Cambridge, MA • Private

In-state tuition

$51,832

Enrollment

4,550

2. Harvard University

Cambridge, MA • Private

In-state tuition

$50,420

Enrollment

7,582

3. University of Pennsylvania

Philadelphia, PA • Private

In-state tuition

$55,584

Enrollment

10,764

4. Princeton University

Princeton, NJ • Private

In-state tuition

$50,340

Enrollment

5,301

5. Georgetown University

Washington, DC • Private

In-state tuition

$54,104

Enrollment

7,089

6. Northwestern University

Evanston, IL • Private

In-state tuition

$54,568

Enrollment

8,451

7. University of Notre Dame

Notre Dame, IN • Private

In-state tuition

$53,391

Enrollment

8,568

8. University of Chicago

Chicago, IL • Private

In-state tuition

$58,230

Enrollment

6,600

9. University of California - Los Angeles

Los Angeles, CA • Private

In-state tuition

$13,226

Enrollment

31,568

10. Johns Hopkins University

Baltimore, MD • Private

In-state tuition

$53,740

Enrollment

5,567

20 best online courses for principal research economists

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1. Understanding Research Methods

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The Market Research Specialisation focuses on the essentials of research and the research process. This Specialisation will teach you how to use qualitative and quantitative research methods, how to develop and manage a questionnaire development strategy, how to develop measurements, how to collect data and how to analyze and present them.\n\nOnce you have completed this Specialisation, you will have a good understanding of market research including:\n\nEssentials of market research Components...

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5. Market Research

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"Finding the Story in the Data” is the most important emerging capability for market researchers according to GRIT (Greenbook Research Industry Trends) Report 2016. This specialization, designed for learners with no previous Marketing Research experience teaches a comprehensive marketing research approach that will help learners find and communicate the story in the data.\n\nStudents will learn how to initiate a research project for targeted business needs, conduct research through multiple...

6. Qualitative Research

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In this course, the second in the Market Research Specialization, you will go in-depth with qualitative market research methods, from design to implementation to analysis. Week 1: Define qualitative research and how it differs from quantitative research. Explore the various qualitative research methods and evaluate when and how to use them for your research project. Week 2: Design the qualitative instruments necessary for your interviews or focus groups, and plan your recruitment efforts. Write...

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Competitor Analysis, Market Research Analysis, Marketing Analytics, Consumer Analytics, Conversion Rate Optimization...

9. Earth Economics

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10. Psychological Research

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This specialization is primarily aimed at first- and second-year undergraduates interested in psychology, data analysis, ethics in research, and quantitative research methods along with high school students and professionals with similar interests.\n\nLearners will develop knowledge about the fundamentals of research design for quantitative studies in psychology, analysis of data from quantitative studies in psychology, and ethical standards for conducting psychological research. Learning...

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Academic Research Business Research Thesis & Dissertation Report Research Paper / Journal...

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13. Research Methods and Statistics: An Introduction (2023 Ed.)

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A Primer in Research Methodology and Statistics in the Social Sciences (2023 Edition)...

14. An Introduction to Online Quantitative Market Research

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15. Research Methods For Business Students

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16. Marketing Analytics: The Full Marketing Research Masterclass

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17. Market Research: A-Z Fundamentals with Case Studies

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18. Marketing Research: support your marketing decisions

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19. How to conduct market research in startups and small firms?

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20. SPSS For Research

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SPSS data analysis made easy. Become an expert in advanced statistical analysis with SPSS...

Top 10 most affordable universities for principal research economists

The most affordable schools for principal research economists are University of Florida, baruch college of the city university of new york, and brooklyn college of the city university of new york.

If the best universities for principal research economists 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 principal research economists.

1. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

2. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

3. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

4. California State University - Long Beach

Long Beach, CA • Private

In-state tuition

$6,798

Cost of attendance

18,306

5. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

6. Florida State University

Tallahassee, FL • Private

In-state tuition

$5,656

Cost of attendance

21,623

7. Queens College of the City University of New York

Queens, NY • Private

In-state tuition

$7,338

Cost of attendance

14,281

8. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

9. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

10. California State University - Fullerton

Fullerton, CA • Private

In-state tuition

$6,886

Cost of attendance

17,645

Top 10 hardest universities to get into for principal research economists

The hardest universities for principal research economists to get into are Northwestern University, Vanderbilt University, and Johns Hopkins University.

Some great schools for principal research economists 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 principal research economists 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. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

3. Johns Hopkins University

Baltimore, MD • Private

Admissions rate

11%

SAT average

1,513

4. Harvard University

Cambridge, MA • Private

Admissions rate

5%

SAT average

1,520

5. Princeton University

Princeton, NJ • Private

Admissions rate

5%

SAT average

1,503

6. Carnegie Mellon University

Pittsburgh, PA • Private

Admissions rate

17%

SAT average

1,507

7. Washington University in St Louis

Saint Louis, MO • Private

Admissions rate

15%

SAT average

1,506

8. Boston College

Chestnut Hill, MA • Private

Admissions rate

28%

SAT average

1,429

9. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

8%

SAT average

1,492

10. University of Rochester

Rochester, NY • Private

Admissions rate

29%

SAT average

1,422

Top 10 easy-to-apply-to universities for principal research economists

The easiest schools for principal research economists to get into are Kean University, william paterson university of new jersey, and rutgers, the state university of new jersey - camden.

Some schools are much easier to get into. If you want to start your career as a principal research economist 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 principal research economists.

1. Kean University

Union, NJ • Private

Admissions rate

86%

SAT average

991

2. William Paterson University of New Jersey

Wayne, NJ • Private

Admissions rate

93%

SAT average

994

3. Rutgers, The State University of New Jersey - Camden

Camden, NJ • Private

Admissions rate

71%

SAT average

1,086

4. Linfield College

McMinnville, OR • Private

Admissions rate

81%

SAT average

1,117

5. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

6. Midwestern State University

Wichita Falls, TX • Private

Admissions rate

71%

SAT average

1,033

7. Rosemont College

Rosemont, PA • Private

Admissions rate

89%

SAT average

1,026

8. San Francisco State University

San Francisco, CA • Private

Admissions rate

72%

SAT average

1,054

9. Iona College

New Rochelle, NY • Private

Admissions rate

88%

SAT average

1,089

10. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

Average principal research economist salary by education level

According to our data, principal research economists with a Doctorate degree earn the highest average salary, at $113,227 annually. Principal research economists with a Master's degree earn an average annual salary of $89,777.
Principal research economist education levelPrincipal research economist salary
Master's Degree$89,777
Doctorate Degree$113,227

Principal research economist 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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