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Economic Modeling Jobs in Washington (NOW HIRING)

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Economic Modeling information

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$37.4K

$121.9K

$169.3K

How much do economic modeling jobs pay per year?

As of Aug 14, 2026, the average yearly pay for economic modeling in Washington is $121,861.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,200.00 and $131,900.00 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 Washington?

For Economic Modeling jobs in Washington, the most frequently searched job titles are:

Infographic showing various Economic Modeling job openings in Washington as of August 2026, with employment types broken down into 89% Full Time, 10% Part Time, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $121,861 per year, or $58.6 per hour.

Fellow/Senior Fellow, Market Shaping Accelerator

Center for Global Development

Washington, DC โ€ข On-site

$55K - $75K/yr

Other

Posted 6 days ago


Job description

The  Center for Global Development (https://www.cgdev.org/)  (CGD) is an independent, non-partisan, non-profit policy research organization in Washington, DC, and London, UK that focuses on the issues and institutions that are critical to inclusive development. Through rigorous empirical research and active engagement with the global policy community, CGD focuses on the intersections between the policy and financial priorities of low- and middle-income countries and the governments, institutions, and corporations that can be partners in delivering greater progress.

Founded by Rachel Glennerster, Michael Kremer and Christopher Snyder, the Market Shaping Accelerator (https://www.marketshapingaccelerator.org/#about) (MSA), housed at CGD, aims to catalyze the development of advance market commitments and other market shaping mechanisms to incentivize innovations addressing pressing global challenges including in the areas of global health, pandemic preparedness, climate, AI safety, and drug repurposing. Information on MSAโ€™s current projects can be found on our focus areas (https://www.marketshapingaccelerator.org/ideas/) webpage. We focus on driving innovation in areas of large social value but incommensurate commercial return in both low- and high-income country settings by identifying promising opportunities, developing high-impact proposals, and engaging with policymakers and funders.

MSA is hiring for a position based in Washington D.C. that may be filled at either the Fellow or Senior Fellow level, depending on the successful candidate's qualifications and experience. We welcome applications both from economists finishing a PhD and from those with several years of post-PhD experience. We are looking for candidates with expertise in economics and a strong interest in market shaping, pull incentives, and innovation policy. The successful candidate will have policy or research experience at the intersection of economic theory, industrial organization, market design, innovation policy, and/or related applied policy research. This position is a good fit for candidates with a strong desire to apply insights from their research to the design of real-world pull mechanisms and advance innovation policy more broadly.

The fellow/senior fellow will develop and implement a research agenda on how market shaping mechanisms can align private incentives with social value to accelerate innovation for global public goods. This work may include designing and evaluating pull mechanismsโ€”such as advance market commitments, prizes, milestone payments, and other outcome-based funding modelsโ€”in areas where commercial returns fall short of social benefits, including in global health, pandemic preparedness, climate, AI risk/safety, and other high-value innovation priorities. The work involves policy design both domestically and internationally.

The fellow/senior fellow will sit on the MSA team and lead this work. They will also be one of a wider group of CGD fellows they liaise with and contribute to, engaging external audiences and supervising research assistants on discrete tasks.

Responsibilities include:

  • Design and lead a research agenda that combines economic modeling, quantitative analysis, institutional knowledge, and practical policy design to inform market-shaping mechanisms and generate actionable recommendations

  • Help mobilize funding for MSAโ€™s work on market shaping and innovation policy

  • Represent MSA externally through speaking engagements, blogging, and public and private convenings, and engage at a high level with key individuals and groups in the donor, policymaker, and technical/domain expert communities

  • Publish reports, papers, policy briefs, and short, timely commentary that incorporate quantitative findings targeted to policymakers, philanthropic funders, the development community, and CGDโ€™s public audience

  • Provide analytical support to colleaguesโ€™ research, and supervise and mentor associate staff

All candidates should have the following qualifications and skills:

  • A PhD in economics, completed or expected before the start date, with training in economic theory, industrial organization, market design, innovation economics, or a related subfield

  • A Keen interest in policy impact and a demonstrated ability to take a policy project from ideation through to execution

  • Strong analytical training, including facility with microeconomic theory, applied modeling, quantitative analysis, and the ability to build simple, transparent models that translate technical economic ideas into policy-related recommendations.

  • Judgment in identifying high-impact policy and economic questions, a commitment to translating research into concrete policy outcomes, and a pragmatic understanding of the objectives and constraints policymakers operate under

  • Excellent oral and written communication skills, including the ability to translate complex findings for diverse audiences, as well as high-level organizational skills

  • Ability to work independently within a small, closely-knit organization and to contribute to the development of new institutions

For the Senior Fellow position, we are looking for the following additional qualifications:

  • At least five years of relevant experience beyond the PhD, with a distinguished body of work in the program area

  • Prominence in the area of market shaping/innovation policy and strong professional relationships across the relevant research, policy, and funding communities

  • A track record of generating external financial support for research programs

  • Experience managing complex research and policy projects and supervising or mentoring junior colleagues

Closing date:  Applications will be accepted on a rolling basis. However, candidates will be reviewed and invited for virtual interviews on two cycles: the first review deadline is Nov 1, 2026, and the second review deadline is February 1, 2027. The position will close March 1st, 2027, at 11:59 ET.

Salary range: 

Fellow: $130,000 - $150,000 per annum.

Senior Fellow: $170,000 - $190,000 per annum.

Pay commensurate with education, skillset, and experience.

Interested candidates should submit (1) a cover letter indicating which level you are applying for and describing your interest in joining the MSA team and your experience with market shaping, innovation policy, industrial organization, market design, or related economic-policy analysis, (2) a writing sample such as a research paper that demonstrates your analytical writing skillsโ€”either a published or working paper (an additional policy-facing piece of 500โ€“1,000 words is also welcome) and (3) a CV.

We manually review applications; no AI or automated filters are used to screen candidates. 

The organization is working in a hybrid environment with all staff required to be in the office at least three days per week. CGD is registered to employ staff living in DC, Maryland, and Virginia. Candidates must be able to declare a primary residence in one of these 3 locations.

In compliance with United States federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document upon hire. CGD will sponsor United States work authorization for this position. Any offer of employment requiring sponsored work authorization is contingent on CGD and the candidateโ€™s ability to successfully petition for and secure the necessary work visa(s).

Read about CGDโ€™s benefits package  here. (https://www.cgdev.org/careers)

CGD/E is an Equal Opportunity Employer, and celebrates fostering a collaborative, diverse, and inclusive work environment. All persons will be considered for employment regardless of race, color, creed, national origin, ancestry, gender, gender identity or expression, national origin, parental status, veteran status, marital status, disability, religious or political affiliation, age or sexual orientation.

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