What Do Economics Professor Do?
Career Description Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
A Day in the Life of an Economics Professor
- Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media.
- Collaborate with colleagues to address teaching and research issues.
- Provide professional consulting services to government or industry.
- Maintain regularly scheduled office hours to advise and assist students.
- Compile bibliographies of specialized materials for outside reading assignments.
- Serve on academic or administrative committees that deal with institutional policies, departmental matters, and academic issues.
What Skills Do You Need to Work as an Economics Professor?
These are the skills Economics Professors say are the most useful in their careers:
Speaking: Talking to others to convey information effectively.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Instructing: Teaching others how to do something.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Related Job Titles
- Macroeconomics Professor
- Labor Economics Professor
- Industrial Economics Teacher
- Econometrics Professor
- College or University Faculty Member
Job Demand for Economics Professors
There were about 16,500 jobs for Economics Professor in 2016 (in the United States). New jobs are being produced at a rate of 10.9% which is above the national average. The Bureau of Labor Statistics predicts 1,800 new jobs for Economics Professor by 2026. There will be an estimated 1,500 positions for Economics Professor per year.
The states with the most job growth for Economics Professor are Oregon, Colorado, and California. Watch out if you plan on working in Wyoming, Vermont, or New Hampshire. These states have the worst job growth for this type of profession.
Salary for an Economics Professor
Economics Professors make between $51,070 and $202,460 a year.
Economics Professors who work in New Hampshire, Rhode Island, or California, make the highest salaries.
Below is a list of the median annual salaries for Economics Professors in different U.S. states.
| State | Annual Mean Salary |
|---|---|
| Alabama | $114,020 |
| Arkansas | $94,750 |
| California | $139,050 |
| Colorado | $104,530 |
| Connecticut | $98,870 |
| District of Columbia | $110,350 |
| Florida | $116,920 |
| Georgia | $101,590 |
| Hawaii | $87,520 |
| Idaho | $83,550 |
| Illinois | $128,340 |
| Indiana | $126,230 |
| Iowa | $133,600 |
| Kansas | $114,000 |
| Kentucky | $85,500 |
| Louisiana | $101,670 |
| Maine | $99,630 |
| Maryland | $119,300 |
| Massachusetts | $125,120 |
| Michigan | $111,530 |
| Minnesota | $110,060 |
| Mississippi | $96,740 |
| Missouri | $108,240 |
| Nebraska | $99,920 |
| Nevada | $79,310 |
| New Hampshire | $161,830 |
| New Jersey | $117,220 |
| New York | $129,370 |
| North Carolina | $106,080 |
| North Dakota | $93,610 |
| Ohio | $109,960 |
| Oregon | $110,860 |
| Pennsylvania | $131,060 |
| Rhode Island | $156,620 |
| South Carolina | $70,190 |
| South Dakota | $86,280 |
| Tennessee | $130,170 |
| Texas | $115,240 |
| Utah | $117,380 |
| Virginia | $101,290 |
| Washington | $89,490 |
| West Virginia | $90,800 |
| Wisconsin | $119,560 |
Tools & Technologies Used by Economics Professors
Although they’re not necessarily needed for all jobs, the following technologies are used by many Economics Professors:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Email software
- The MathWorks MATLAB
- Google Docs
- R
- Minitab
- StataCorp Stata
- Calendar and scheduling software
- Blackboard Learn
- Learning management system LMS
- Course management system software
- Sakai CLE
- iParadigms Turnitin
How to Become an Economics Professor
What kind of Economics Professor requirements are there?
How many years of work experience do I need?
Where Economics Professors Work
Economics Professors work in the following industries:
References:
Image Credit: pixabay via CC0 License
More about our data sources and methodologies.
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