Economic Consultant

Also called: Litigation Economics Consultant

Uses economics and data to help lawyers and companies in lawsuits, mergers and regulation cases.

A day in the life

You analyze millions of sales records to estimate how much a price-fixing scheme cost customers, then help a Stanford professor prepare to testify as an expert witness.

Pay over a career

Starting
$85k
Typical
$140k
High
$300k

Firms like Cornerstone Research and Analysis Group pay analysts ~$90k+; PhD economists earn $200k+.

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 4 years after high school. Bachelor's in economics or math for analysts; a PhD for the expert roles.

Ways in: 4-year college, Graduate school. Training cost: $15k – $60k.

Majors to look at: Economics, Mathematics, Statistics.

Outlook

Growing about average. Driven by antitrust and litigation activity.

Will it last? Our AI estimate

Medium risk for 10 years. AI speeds data cleaning and analysis, cutting junior roles; building sound models and expert testimony stay human.

Start now, in high school

Classes: AP Microeconomics, AP Statistics, AP Calculus, AP Computer Science Principles.

Official data: O*NET occupation 19-3011.

More Management Consulting careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.