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Bank Economist Jobs (NOW HIRING)

Federal Reserve Bank of New York

$210 - $400/hr

Federal Reserve Bank of Chicago Senior Economist/Economic Advisor - Financial Economics G1 - General Financial Markets G2 - Financial Institutions and Services G3 - Corporate Finance and Governance ...

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Hatch Bank

$150 - $215/hr

Senior Business Development Officer - Hatch Bank Hatch Bank - Corporate, 15 E Ridge Pike ... Contribute to the evaluation of program economics, fee structures, and partnership terms for new ...

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Bank Economist information

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$46K

$82.1K

$122.5K

How much do bank economist jobs pay per year?

As of Aug 24, 2026, the average yearly pay for bank economist in the United States is $82,064.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,000.00 and $98,500.00 per year, depending on experience, location, and employer.

What does a bank economist do?

A Bank Economist analyzes economic data, trends, and financial markets to provide insights and forecasts that help banks make informed strategic decisions. Their work involves studying factors like interest rates, inflation, employment, and government policies to assess their impact on the banking sector and the broader economy. Bank Economists often prepare reports, advise management, and sometimes communicate findings to clients or the public. Their expertise helps banks manage risk, develop new products, and stay competitive. They may also represent the bank in discussions with regulators, policymakers, or other financial institutions.

How does a bank economist typically collaborate with other departments within a financial institution?

Bank Economists frequently work with teams across various departments such as risk management, investment strategy, and regulatory compliance. They provide economic forecasts, market analysis, and policy recommendations that inform decision-making for lending, asset allocation, and strategic planning. Regular communication with senior management and analysts is common, ensuring that economic insights are integrated into the bank's operations and long-term strategies. This collaborative environment allows Bank Economists to influence key initiatives and gain exposure to multiple facets of banking.

What are the key skills and qualifications needed to thrive as a bank economist, and why are they important?

To thrive as a Bank Economist, you need strong analytical skills, a solid background in economics or finance, and often an advanced degree such as a master's or PhD in economics. Proficiency with statistical software (like Stata, R, or SAS), econometric modeling, and data analysis tools is typically required. Excellent communication, critical thinking, and the ability to translate complex data into actionable insights are vital soft skills. These competencies are important for informing bank strategy, risk assessment, and decision-making based on economic trends and forecasts.

What is the difference between Bank Economist vs Financial Analyst?

AspectBank EconomistFinancial Analyst
Required CredentialsEconomics degree, possibly a master's or PhD; economic certificationsFinance, accounting, or economics degree; certifications like CFA
Work EnvironmentBanking sector, economic research departmentsFinancial services, investment firms, corporations
Employer & Industry UsageCentral banks, commercial banks, financial institutionsInvestment banks, asset management firms, corporations
Common Search & ComparisonYesNo

Bank Economists analyze macroeconomic trends, monetary policy, and economic data to advise banks and financial institutions. Financial Analysts focus on evaluating investment opportunities, financial data, and company performance. While both roles require strong analytical skills and economic knowledge, Bank Economists primarily work on macroeconomic issues within banking institutions, whereas Financial Analysts concentrate on investment analysis and financial planning.

How much do bank economists make?

Bank economists typically earn a median annual salary between $70,000 and $120,000, depending on experience, education, and location. Senior economists or those working for large financial institutions can earn higher salaries, often exceeding $150,000. Compensation may also include bonuses and benefits related to their analytical and forecasting skills.

How to become a bank economist?

To become a bank economist, typically a candidate needs a bachelor's degree in economics, finance, or a related field, with many roles requiring a master's or Ph.D. for advanced positions. Strong analytical skills, proficiency in statistical software, and knowledge of financial markets are essential. Gaining experience through internships or entry-level roles in banking or economic research can also be beneficial.
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What job categories do people searching Bank Economist jobs look for?

The top searched job categories for Bank Economist jobs are:

Bank Economist jobs near you
Infographic showing various Bank Economist job openings in the United States as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $82,064 per year, or $39.5 per hour.

Economist/Senior Economist/Economic Advisor - Macroeconomics

Federal Reserve Bank of Richmond

Chicago, IL • On-site

$220K - $400K/yr

Full-time

Posted 5 days ago

Job description

CompanyFederal Reserve Bank of ChicagoEconomist/Senior Economist/Economic Advisor - Macroeconomics
E1: General Aggregative Models
E2: Consumption, Saving, Production, Investment, Labor Markets
E3: Prices, Business Fluctuations, and Cycles
E4: Money and Interest Rates
E5: Monetary Policy, Central Banking, and the Supply of Money and Credit
E6: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and
General Outlook
The Economic Research Department of the Federal Reserve Bank of Chicago invites applications for an Economist, Senior Economist or Economic Advisor position on the Macroeconomics team.
The Bank will consider applications from seasoned candidates with a strong publication record in economics and finance journals and at least 3 years of experience in an academic or similar research setting.
Successful candidates will be expected to conduct independent research that is published in leading academic journals, provide in-depth analysis for Bank policy briefings, and contribute to the mission of the Bank. Excellent communication skills are required.
The research staff at the Federal Reserve Bank of Chicago is a collegial group of economists with expertise in a variety of fields. The Chicago Fed provides an excellent research environment together with substantial support for research and competitive benefits. Salaries are commensurate with experience and level of achievement.
The Federal Reserve Banks are committed to equal employment opportunities for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

More information on the Economic Research Department is at:
http://www.chicagofed.org/webpages/research/index.cfm
Applicants should submit:
1-Cover letter
2-CV
3-Contact information for three references
Important Note: When asked to upload your resume on the Workday Portal, you must upload all supplementary application documents. There will not be an additional prompt to upload documents 1,2, & 3. You must upload them on the same page where you upload your resume. Failure to do so will postpone the review of your application.

What we offer:

  • The expected starting salary range for the Economist position is between $165,000 and $290,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.

  • The expected starting salary range for the Senior Economist position is between $210,000 and $320,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.

  • The expected starting salary range for the Senior Economist & Economic Advisor position is between $220,000 and $400,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.

  • The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits

  • A continuous learning environment with opportunities to gain new skills and grow your career.

Additional Requirements:

  • This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

  • This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship.

  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryEconomics/Research Family GroupWork ShiftFirst (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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