The salary statistics of economists in the industry sector of professional, scientific, and technical services are shown in Table 1. In Table 2 we compare economists salaries in different industries within the professional, scientific, and technical services sector.
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage|| |
|25th Percentile Wage|| |
|50th Percentile Wage|| |
|75th Percentile Wage|| |
|90th Percentile Wage|| |
Table 1 shows the average annual salary for economists in the industry sector of professional, scientific, and technical services. 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 $176,590. The median annual salary (50th percentile) is $106,760. The average annual salary for the bottom 10 percent paid economists is $57,110.
The following table and chart show the trend of the median salary of economists in the industry sector of professional, scientific, and technical services from 2012 to 2016.
|Year||Median Salary||Yearly Growth||4-Year Growth|
The average salaries of economists in ten industries in the professional, scientific, and technical services 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 legal services industry with an annual salary $152,100. The lowest paying industry is the research and development in the social sciences and humanities industry (annual salary $99,530). For detailed economists salary information in a particular industry, use the links provided below.
|Industry Name||Median Annual Salary|
|Legal Services|| |
|Other Professional, Scientific, and Technical Services|| |
|Research and Development in the Physical, Engineering, and Life Sciences|| |
|Management, Scientific, and Technical Consulting Services|| |
|Professional, Scientific, and Technical Services|| |
|Engineering Services|| |
|Scientific Research and Development Services|| |
|Architectural, Engineering, and Related Services|| |
|Computer Systems Design and Related Services|| |
|Research and Development in the Social Sciences and Humanities|| |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 .