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Economic Modeling Jobs in Virginia (NOW HIRING)

Varsity Tutors

College Economics Tutor

Salem, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Varsity Tutors

College Economics Tutor

Virginia Beach, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Varsity Tutors

College Economics Tutor

Fairfax, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Varsity Tutors

College Economics Tutor

Norfolk, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Varsity Tutors

College Economics Tutor

Blacksburg, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Varsity Tutors

College Economics Tutor

Leesburg, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Varsity Tutors

College Economics Tutor

Alexandria, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Varsity Tutors

College Economics Tutor

Richmond, VA · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

CoStar

Econometric Forecasting Lead

Richmond, VA

Continually explore new economic inputs and refine existing variables and coefficients to enhance the precision and accuracy of existing forecasting models. Conduct independent and creative ...

CoStar Group

Econometric Forecasting Lead

Richmond, VA · On-site

Continually explore new economic inputs and refine existing variables and coefficients to enhance the precision and accuracy of existing forecasting models. * Conduct independent and creative ...

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All JobsEconomic Modeling JobsEconomic Modeling Jobs in Virginia

Economic Modeling information

See Virginia salary details

$32.7K

$106.7K

$148.2K

How much do economic modeling jobs pay per year?

As of Aug 5, 2026, the average yearly pay for economic modeling in Virginia is $106,671.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,200.00 and $115,500.00 per year, depending on experience, location, and employer.

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 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 do economic modeling do?

Economic modeling involves creating mathematical representations of economic systems to analyze and forecast economic behavior, policy impacts, or 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.

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 popular job titles related to Economic Modeling jobs in Virginia? For Economic Modeling jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Economic Modeling jobs in Virginia look for? The top searched job categories for Economic Modeling jobs in Virginia are:
Economic Modeling jobs near you
Infographic showing various Economic Modeling job openings in Virginia as of July 2026, with employment types broken down into 89% Full Time, 9% Part Time, and 2% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $106,671 per year, or $51.3 per hour.

Economic Consultant

Chmura Economics & Analytics

Richmond, VA

Other

Posted yesterday

New

Job description

Description

The Economic Consultant is responsible for independently managing consulting engagements and delivering economic analysis that helps clients solve complex business and workforce challenges. This role conducts economic and labor market research, applies quantitative and econometric techniques, and develops data-driven recommendations that support client decision-making.

Working directly with clients, the Economic Consultant manages multiple projects simultaneously, presents research findings, and contributes to proposal development and thought leadership initiatives. This position requires strong analytical skills, sound professional judgment, and the ability to translate complex economic concepts into practical business insights


Essential ResponsibilitiesConsulting & Economic Analysis
  • Conduct independent research on local, regional, and national economic and labor market issues. 
  • Collect, analyze, validate, and interpret quantitative data to support consulting engagements. 
  • Apply forecasting techniques, econometric methods, and economic models to address client business and workforce challenges. 
  • Develop data-driven recommendations based on research findings and economic analysis. 
  • Prepare reports, presentations, and consulting deliverables for technical and executive audiences. 
  • Translate complex analytical findings into clear, actionable business insights. 
Project Management & Client Engagement
  • Independently manage multiple consulting engagements while balancing competing priorities and deadlines. 
  • Coordinate project timelines, deliverables, and client expectations to ensure successful project completion. 
  • Serve as a primary point of contact for clients throughout consulting engagements. 
  • Present research findings and recommendations to clients and internal stakeholders. 
  • Support proposal development and contribute to statements of work for prospective clients. 
Continuous Improvement
  • Identify opportunities to improve consulting methodologies, analytical tools, and internal processes. 
  • Contribute to knowledge sharing and consulting best practices across the organization. 
  • Support research publications, webinars, and other thought leadership initiatives. 
  • Continue developing expertise in emerging economic research methods, software, and consulting practices.



Requirements

  Required

  • Master's degree in Economics or a related quantitative field. 
  • 2-5 years of experience in applied economics, consulting, or a related analytical field. 
  • Experience applying econometric techniques, forecasting methodologies, and economic models. 
  • Experience managing consulting projects and client deliverables. 
  • Advanced proficiency with Microsoft Excel and Microsoft Office Suite. 
  • Excellent written, verbal, and presentation communication skills. 
Preferred Skills
  • Economic and labor market analysis 
  • Quantitative and statistical analysis 
  • Economic modeling and forecasting 
  • Client consulting and relationship management 
  • Project management 
  • Data visualization and presentation development 
  • Proposal development 
  • Technical writing 
Core CompetenciesAnalytical Thinking

Independently evaluates complex data, applies advanced analytical methodologies, and develops sound economic analyses that support client decision-making.

Communication

Communicates technical concepts effectively to technical and non-technical audiences through reports, presentations, and client discussions.

Collaboration

Builds productive relationships across consulting teams and business functions while contributing to shared project goals and organizational success.

Customer Focus

Anticipates client needs and delivers thoughtful, data-driven solutions that create measurable value.

Accountability

Independently manages priorities, follows through on commitments, and consistently delivers high-quality work on time.

Continuous Improvement

Identifies opportunities to improve consulting methodologies, analytical tools, and internal processes while contributing to organizational knowledge sharing.

Professional Judgment

Exercises independent judgment when resolving standard and moderately complex consulting challenges and recognizes when collaboration or additional expertise is needed for highly complex issues. 


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