National Salary Info » Economists

Highest Paying Industries for Economists

The top 51 highest paying industries for economists (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment in those industries are also shown. As shown in the table, with an average annual salary of $148,870, legal services is the highest paying industry for economists. It is followed by manufacturing industry (average annual salary $144,210). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics in May 2015 [1]. For more information about salaries of economists in a specific industry, use the links in the table.

Table 1. 51 Highest Paying Industries for Economists

Industry Average Salary i # of
Empl. i
1 Legal Services
$148,870
50
2 Manufacturing
$144,210
150
3 Computer Systems Design and Related Services
$131,830
350
4 Credit Intermediation and Related Activities
$131,750
250
5 Depository Credit Intermediation
$124,540
140
6 Securities and Commodity Contracts Intermediation and Brokerage
$122,110
280
7 Postal Service (federal government)
$114,950
40
8 Petroleum and Coal Products Manufacturing
$114,880
50
9 Monetary Authorities-Central Bank
$113,150
380
10 Finance and Insurance
$113,060
1,130
11 Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$112,320
400
12 Oil and Gas Extraction
$112,130
100
13 Mining
$111,590
110
14 Federal government, including USPS
$110,240
4,280
15 Federal Executive Branch (OES Designation)
$110,240
4,240
16 Electric Power Generation, Transmission and Distribution
$103,630
n/a
17 Utilities
$101,540
n/a
18 Other Financial Investment Activities
$101,070
120
19 Employment Services
$100,270
80
20 Management of Companies and Enterprises
$98,920
300
21 Management, Scientific, and Technical Consulting Services
$97,960
3,730
22 Professional, Scientific, and Technical Services
$97,350
7,580
23 Architectural, Engineering, and Related Services
$95,150
280
24 Community Food and Housing, and Emergency and Other Relief Services
$94,450
n/a
25 Health Care and Social Assistance
$94,440
n/a
26 Engineering Services
$94,190
230
27 Social Assistance
$93,510
n/a
28 Research and Development in the Social Sciences and Humanities
$92,850
2,440
29 Colleges, universities, and professional schools - Privately owned
$92,690
120
30 Scientific Research and Development Services
$92,490
3,100
31 Educational Services - Privately owned
$92,440
120
32 Federal, State, and Local Government (OES Designation)
$91,530
7,220
33 Federal, State, and Local Government
$91,530
7,220
34 Research and Development in the Physical, Engineering, and Life Sciences
$91,450
660
35 Business, Professional, Labor, Political, and Similar Organizations
$91,180
250
36 Public sector -- Federal, state, and local government, including government owned schools and hospit
$90,740
7,590
37 Other Professional, Scientific, and Technical Services
$84,050
50
38 Insurance Carriers and Related Activities
$80,450
90
39 Direct Health and Medical Insurance Carriers
$77,760
50
40 Insurance Carriers
$76,500
80
41 Local Government, excluding schools and hospitals (OES Designation)
$70,440
1,110
42 Local government, including schools and hospitals
$69,130
1,160
43 Colleges, Universities, and Professional Schools
$64,430
390
44 State Government, excluding schools and hospitals (OES Designation)
$63,140
1,880
45 State government, including schools and hospitals
$62,600
2,150
46 Educational Services
$60,400
440
47 Colleges, universities, and professional schools - State government owned
$52,840
270
48 Educational Services - State government owned
$52,830
270
49 Educational Services - Local government owned
$46,230
n/a
50 Elementary and Secondary Schools
$46,190
n/a
51 Elementary and Secondary Schools - Local government owned
$45,950
n/a
See also: Highest paying cities for economists.