Senior economist vs economic adviser

The differences between senior economists and economic advisers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior economist has an average salary of $108,720, which is higher than the $76,957 average annual salary of an economic adviser.

The top three skills for a senior economist include econometrics, macro and research projects. The most important skills for an economic adviser are economic analysis, economic development, and financial institutions.

Senior economist vs economic adviser overview

	Senior Economist	Economic Adviser
Yearly salary	$108,720	$76,957
Hourly rate	$52.27	$37.00
Growth rate	6%	6%
Number of jobs	940	11,974
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 61%
Average age	45	45
Years of experience	-	-

Senior economist vs economic adviser salary

Senior economists and economic advisers have different pay scales, as shown below.

	Senior Economist	Economic Adviser
Average salary	$108,720	$76,957
Salary range	Between $61,000 And $191,000	Between $40,000 And $145,000
Highest paying City	Washington, DC	-
Highest paying state	California	-
Best paying company	Cornerstone Research	-
Best paying industry	Professional	-

Differences between senior economist and economic adviser education

There are a few differences between a senior economist and an economic adviser in terms of educational background:

	Senior Economist	Economic Adviser
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 61%
Most common major	Economics	Economics
Most common college	Harvard University	Harvard University

Senior economist vs economic adviser demographics

Here are the differences between senior economists' and economic advisers' demographics:

	Senior Economist	Economic Adviser
Average age	45	45
Gender ratio	Male, 71.5% Female, 28.5%	Male, 73.4% Female, 26.6%
Race ratio	Black or African American, 5.9% Unknown, 5.6% Hispanic or Latino, 10.9% Asian, 15.5% White, 61.9% American Indian and Alaska Native, 0.2%	Black or African American, 6.3% Unknown, 5.6% Hispanic or Latino, 11.8% Asian, 10.7% White, 65.2% American Indian and Alaska Native, 0.2%
LGBT Percentage	8%	8%

Differences between senior economist and economic adviser duties and responsibilities

Senior economist example responsibilities.

Lead the department research in forecasting and econometrics.
Lead training session and mentore of co-workers in using SAS programming to perform quantitative analysis.
Organize and lead strategic meetings between senior management and local communities, NGOs, and government agencies.
Manage junior employees, teaching them SAS and company data, and ensuring their deliverables are accurate and clearly present.
Lead the advanced receiver hardware prototyping and evaluate the receiver performance.
Work with the banking industry to develop lending facilities for the SME segment.

Economic adviser example responsibilities.

Perform GIS inventory of city pedestrian infrastructure to achieve ADA compliance
Develop, specify, and test econometric models using time-series econometrics, panel-data econometrics, and limit dependent variable techniques.
Assist in planning and implementation of logistics automation initiatives relate to vehicle fleet management and repair parts management.

Senior economist vs economic adviser skills

Common senior economist skills

Econometrics, 10%
Macro, 8%
Research Projects, 8%
SAS, 6%
Data Analysis, 6%
Economic Analysis, 5%

Common economic adviser skills

Economic Analysis, 26%
Economic Development, 11%
Financial Institutions, 8%
Research Projects, 7%
Strategic Plan, 6%
Capacity Building, 6%

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Senior Economist vs Economic Adviser

Updated January 8, 2025

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