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Economic Modeling Jobs (NOW HIRING)

Seeking to enhance our economic modeling capability. In this capacity the Associate Director, Economic Modeling , will design and deliver rigorous economic modelling analytics that address business ...

Data collection, cleaning, and staging for economic models * Sensitivity analyses * Chart preparation MINIMUM QUALIFICATIONS * BA in Economics or quantitative field * 2-5 years applied economic ...

... modeling, or programming using SAS, SQL, R, or Python. The Economic Modeler will perform analyses to assess the quality and risk of model methodologies, outputs, and processes under supervision.

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Economic Modeling information

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$33K

$107.6K

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How much do economic modeling jobs pay per year?

As of Aug 23, 2026, the average yearly pay for economic modeling in the United States is $107,594.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,000.00 and $116,500.00 per year, depending on experience, location, and employer.

What is economic modeling?

An Economic Modeling job involves using mathematical and statistical techniques to analyze economic data, forecast trends, and evaluate policies or business decisions. Professionals in this role develop models to simulate economic scenarios and assess the potential impact of various factors, such as policy changes, market fluctuations, or consumer behavior. They work in industries like government, finance, consulting, and academia to provide data-driven insights that support decision-making. Strong analytical skills, proficiency in software like Python, R, or Excel, and a background in economics or finance are typically required.

What are the key skills and qualifications needed to thrive in economic modeling?

To thrive in Economic Modeling, a strong background in economics, statistics, and mathematics is essential, typically supported by at least a bachelor's degree in a quantitative field. Familiarity with econometric software and programming languages such as R, Python, SAS, or Stata is highly valued, along with certifications in data analysis or applied economics. Strong analytical thinking, attention to detail, and the ability to communicate complex findings clearly are crucial soft skills for this role. These skills enable professionals to develop accurate models and deliver actionable insights that support evidence-based decision-making in business or policy.

What are the common challenges faced in economic modeling?

One of the primary challenges in Economic Modeling is ensuring the accuracy and reliability of complex forecasts in the face of uncertain or incomplete data. Economic modelers must regularly update and recalibrate models to reflect changing market conditions, regulations, and global events. Collaboration with data analysts, business leaders, and policy experts is often required to validate assumptions and interpret results. Successfully balancing theoretical rigor with practical application is key, and continuous learning is important for staying current with new modeling techniques and technologies.

What do economic modeling do?

Economic modeling involves creating mathematical representations of economic systems to analyze and forecast economic behavior, policy impacts, and market trends. Economists use tools like statistical software and data analysis to develop these models, which support decision-making in finance, government, and business environments.
More about Economic Modeling jobs

What cities are hiring for Economic Modeling jobs?

Cities with the most Economic Modeling job openings:

What states have the most Economic Modeling jobs?

States with the most job openings for Economic Modeling jobs include:

Infographic showing various Economic Modeling job openings in the United States as of August 2026, with employment types broken down into 93% Full Time, 6% Part Time, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $107,594 per year, or $51.7 per hour.

Economic Modeling Analyst

Westwood Professional Services Inc

Broomfield, CO • On-site

$126K - $135K/yr

Full-time

Posted 9 days ago


Westwood Professional Services rating

8.6

Company rating: 8.6 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

103rd of 450 rated engineering


Job description

Description:

Westwood Professional Services, Inc is looking for an Economic Modeling Analyst to synthesize market trends and data, including financial metrics, to inform strategic and operational decisions across the organization. Collaborate with finance teams to develop forecasts and budgets; support business lines in project management; and assist HR in compensation planning and market expansion strategies. Conduct research and analysis on economic data and trends; produce forecasts, interpretive reports, and visual media for risk assessment, communication, and decision-making. Collect economic data from established datasets and other sources using data collection and data science protocols. Apply statistical analysis, mathematical methodologies, and modeling techniques to develop and refine data sets. Design and organize data into customized report models and graphical illustrations to present economic information for decision-making and solution development. Utilize Power BI Desktop and Power BI Report Builder software to visualize findings from economic data across multiple markets. Run descriptive analytic models using SQL on aggregated data from economic studies to generate insights. Provide predictive analytics on potential impacts to labor markets, such as those caused by weather events. Research and analyze HR data across different regions (e.g., parishes) to deliver analytics supporting market expansion initiatives. Employ DAX (Data Analysis Expressions) and MDX (Multidimensional Expressions) languages to prepare Power BI queries and measures for multiple business lines. Develop automated workflows using Power Automate and canvas applications with Power Apps to streamline business processes, data integration, and reporting efficiency. Optimize Power BI semantic models using Tabular Editor and DAX Studio to enhance performance, apply best practices, and troubleshoot complex measures. Participate in the creation of strategies for the Information Technology team; test new tools and processes to drive organizational initiatives.


Applications are being accepted on an ongoing basis; however, this job posting may close at any time after 8/25/2026.

Requirements:
  • Bachelor's degree in Economics, Quantitative Economics, Data Science, or a closely related field and five (5) years of progressive experience in economic analysis, data modeling, or business intelligence roles, including hands-on work with data visualization and reporting tools or a Master’s degree in Economics, Quantitative Economics, Data Science, or a closely related field and three (3) years in economic analysis, data modeling, or business intelligence roles, including hands-on work with data visualization and reporting tools, in lieu of the Bachelor's degree and five years of experience requirements.

Other experience must include:

  • Custom development experience using Power BI Report Builder, Power BI Desktop, Power BI Service, Tabular Editor, DAX Studio, and SQL queries, including implementing row-level and object-level security.
  • Proficiency in DAX (Data Analysis Expressions) for Power BI and MDX (Multidimensional Expressions) for Power Query.
  • Building Power Automate flows to automate tasks and developing Power Apps canvas apps to collect data.
  • Developing use cases, managing data, and generating insights through visualization.

Required Certifications:

  • Microsoft Certified: Power BI Data Analyst Associate

Must have current authorization to be employed in the U.S. without employer sponsorship.


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