Federal Reserve Economist

Also called: Central Bank Economist

Researches the economy to help the Federal Reserve decide interest rates.

A day in the life

Analyzes the latest jobs report, updates a forecast model, and writes a briefing that goes to the people who set interest rates for the whole country.

Pay over a career

Starting
$110k
Typical
$165k
High
$240k

Estimate.

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

Training

Doctorate (PhD), about 10 years after high school. A bachelor's in economics or math, often a couple of years as a research assistant at a Federal Reserve bank, then a PhD in economics.

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

Majors to look at: Economics, Mathematics.

Outlook

Growing slowly (about 1% over 10 years). Estimate.

Will it last? Our AI estimate

Medium risk for 10 years. AI nowcasts the economy and drafts briefings; the Fed still wants PhD economists whose judgment it can question.

Start now, in high school

Classes: AP Macroeconomics, AP Calculus, AP Statistics.

Official data: O*NET occupation 19-3011.

More Economics 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.