Economics Professor

Also called: Economist (academic)

Teaches economics and researches how markets, governments, and people make decisions.

A day in the life

Economics professors teach intro and advanced courses, analyze huge data sets, and publish research that can shape government policy. Business schools and top universities pay especially well.

Pay over a career

Starting
$70k
Typical
$120k
High
$220k

BLS economics teachers, postsecondary.

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

Training

Doctorate (PhD), about 11 years after high school. Bachelor's, then a PhD (usually 5-7 years), often a postdoc, then a competitive faculty job search; tenure takes about 6 more years.

Ways in: Graduate school. Training cost: $15k – $60k.

Majors to look at: Economics, Mathematics, Statistics.

Outlook

Growing about average (about 4% over 10 years). BLS projects ~4% growth for postsecondary teachers overall; tenure-track jobs are very competitive.

Will it last? Our AI estimate

Low risk in 5 years, medium in 10. AI handles data cleaning and drafting; original research and teaching big ideas stay human, though the market is competitive.

Start now, in high school

Classes: AP Macroeconomics and Microeconomics, AP Calculus, AP Statistics.

Official data: O*NET occupation 25-1063.

More Higher Education & Professors 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.