Economists Salary in Sector of Finance and Insurance

The salary statistics of economists in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare economists salaries in different industries within the finance and insurance sector.

Average Annual Salary of Economists

Percentile BracketAverage Annual Salary
10th Percentile Wage
$65,940
25th Percentile Wage
$88,430
50th Percentile Wage
$124,660
75th Percentile Wage
$163,980
90th Percentile Wage
$203,330

Table 1 shows the average annual salary for economists in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) economists is $203,330. The median annual salary (50th percentile) is $124,660. The average annual salary for the bottom 10 percent paid economists is $65,940.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of economists in the industry sector of finance and insurance from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016124,6605.01%11.29%
2015118,4104.52%-
2014113,0605.53%-
2013106,810-3.53%-
2012110,580--

Compare Economists Salary in Different Industries within the Finance and Insurance Sector

The average salaries of economists in nine industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for economists occupations is the monetary authorities-central bank industry with an annual salary $135,840. The lowest paying industry is the insurance carriers industry (annual salary $100,130). For detailed economists salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Monetary Authorities-Central Bank
$135,840
Monetary Authorities-Central Bank
$135,840
Credit Intermediation and Related Activities
$133,870
Other Financial Investment Activities
$125,620
Depository Credit Intermediation
$124,640
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$115,410
Securities and Commodity Contracts Intermediation and Brokerage
$113,310
Insurance Carriers and Related Activities
$103,650
Insurance Carriers
$100,130

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].



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