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$122.5K

How much do development economist jobs pay per year?

As of Jun 12, 2026, the average yearly pay for development 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 is the difference between Development Economist vs Economic Analyst?

AspectDevelopment EconomistEconomic Analyst
Required CredentialsMaster's degree in Economics or related fieldBachelor's or Master's degree in Economics or related field
Work EnvironmentResearch institutions, government agencies, NGOsFinancial firms, government departments, consulting firms
Employer & Industry UsageFocus on economic development, policy analysis in developing countriesFocus on market trends, financial data, economic forecasting

While both roles require strong economics backgrounds, Development Economists primarily focus on economic development and policy in developing regions, often working with governments and NGOs. Economic Analysts tend to analyze market data and financial trends, working mainly in finance and consulting sectors. The roles overlap in their use of economic theories and data analysis but differ in their focus and work environment.

What are the 4 types of economic development?

Development economists identify four main types of economic development: sustainable development, which focuses on environmental and social balance; human development, emphasizing health, education, and well-being; economic growth, involving increases in income and productivity; and structural transformation, which shifts economic activity from agriculture to industry and services. Understanding these types helps in designing policies that promote comprehensive and inclusive progress.

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

To thrive as a Development Economist, you need advanced training in economics, strong quantitative and analytical skills, and typically a master's or PhD in economics or a related field. Proficiency with statistical software such as Stata, R, or Python, and familiarity with economic modeling and data analysis tools, are crucial. Strong communication, cultural sensitivity, and collaboration skills set successful development economists apart. These skills enable rigorous analysis of complex development challenges and effective communication of evidence-based recommendations to diverse stakeholders.

What is the highest paid job in economics?

The highest paid roles in economics are often senior positions such as Chief Economist, Economics Director, or roles in investment banking and private equity that require advanced skills and experience. These positions typically offer high compensation packages, including bonuses and stock options, especially in financial services and consulting firms.

What does a development economist do?

A development economist analyzes economic conditions and policies to promote growth and reduce poverty in developing regions. They conduct research, collect data, and develop strategies to improve living standards, often working with governments, NGOs, or international organizations. Strong analytical skills and knowledge of economic theories are essential for this role.

What can I do with a development economics degree?

A development economist can work in government agencies, international organizations, research institutions, or NGOs, focusing on policies that promote economic growth and reduce poverty. They analyze data, develop strategies, and evaluate programs using skills in econometrics, data analysis, and policy assessment. Roles often require strong analytical abilities and knowledge of economic modeling tools.

What are some common challenges faced by Development Economists when working on international projects?

Development Economists often encounter challenges such as navigating complex political environments, working with incomplete or unreliable data, and addressing cultural differences that impact project implementation. Collaborating with local stakeholders and government agencies can require strong communication and negotiation skills to align objectives and ensure sustainable outcomes. Additionally, balancing short-term goals with long-term development strategies is a frequent challenge, as is adapting to rapidly changing economic or social conditions in the regions they serve.
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Development Economist jobs near you
Infographic showing various Development Economist job openings in the United States as of June 2026, with employment types broken down into 13% Internship, 49% As Needed, 25% Temporary, and 13% Nights. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $82,064 per year, or $39.5 per hour.
Economic Development Specialist

Economic Development Specialist

Town of Fountain Hills

Fountain Hills, AZ

$76K - $109K/yr

Full-time

Posted yesterday

Job description

Description The Town of Fountain Hills (fountainhillsaz.gov) has an exciting full-time job opportunity in the Economic Development Division. The Town is seeking a full-time Economic Development Specialist to assist with implementing the Community Economic Development Strategy and Downtown Fountain Hills Strategy. This position is crucial to advancing the Town of Fountain Hills' economic initiatives and providing essential support to the Economic Development Director in executing a comprehensive economic development program

The position requires professionalism and a strong commitment to representing the Town's values, facilitating effective communication, managing key projects, and engaging with stakeholders. This position requires attention to detail and a proactive approach, ensuring all interactions reflect positively on the Town's mission. Position will remain open until filled.

Applications will be reviewed weekly. Anticipated Hiring Range: $76,909 - $93,445, depending on qualifications and experience. While the full pending salary range is listed in this posting, the Town anticipates hiring within the range shown above.

The pending salary range assumes Council approval effective July 1, 2026. Examples of Duties Assists with programs in economic development activities (i.e., business retention and expansion (BRE); marketing and recruitment; travel/tourism/; downtown/placemaking). Develops and assists, under the direction of the Director with communications, marketing material and media releases related to Economic Development initiatives and functions

Oversees content creation and distribution through social media platforms, press releases, and website maintenance to promote programs, events, and community engagement. Assist with planning and execution of events for Economic Development. Collects, organizes, and analyzes data.

Assists with the administration and management of Proposition 202 and Proposition 302 grant funding, including grant application preparation, review of nonprofit funding applications, and completion of required documentation, reporting, and compliance activities. Participates and promotes ongoing region-wide communication and knowledge on Economic Development issues. Receives and responds in a timely manner to citizen requests, complaints, and inquiries.

Analyzes and compiles economic and demographic data. Performs related duties as assigned. Typical Qualifications Bachelor's degree from an accredited college or university in Economic Development, Regional Development, Economics, Urban Planning, Public Administration, Marketing, Geography, or related field.

Knowledge of local, state, and federal laws and regulations relevant to Economic Development. Knowledge of history, tourist attractions, economic resources, business opportunities and offerings of Fountain Hills. Knowledge of geographic layout of Fountain Hills and surrounding areas.

Ability to communicate the Town's Economic Development policies effectively Ability to develop collaborative working relationships with local businesses and community organizations Ability to maintain cooperative and effective relationships with intradepartmental and interdepartmental personnel, as well as external entities with whom position interacts. Required to attend and complete the Basic Economic Development Course within the first year of employment. The course will be paid for by the Town.

Supplemental Information Valid driver's license for a minimum of two years with a good driving record required.The Town currently designates this job as a "safety-sensitive position." Accordingly, the Town requires satisfactory completion of a drug and alcohol screening as a condition of employment.

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