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$43.8K

$78.1K

$116.6K

How much do economist jobs pay per year?

As of Aug 6, 2026, the average yearly pay for economist in Indiana is $78,089.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,700.00 and $93,700.00 per year, depending on experience, location, and employer.

What does an economist do?

Economists are professional social scientists who study and analyze social and economic behavior on a range of scales, from small household economies to national and global economies. It is the job of an economist to conduct research using observation, surveys, and data analysis to determine the usage of shared resources. These resources may include raw materials, land, labor, energy, or machinery. State, local, and federal government agencies, as well as nonprofit organizations and academic institutions, rely heavily on economists. Economists help streamline budgets and distribution, and in some cases, use their data to forecast future resource needs.

What typical challenges might an economist face when translating complex data into actionable business insights?

Economists often encounter the challenge of communicating complex statistical findings in a way that is accessible and actionable for stakeholders who may not have a technical background. Balancing accuracy with clarity can require creative data visualization and storytelling skills. Additionally, economists must ensure that their recommendations are not only data-driven but also aligned with the organization's goals and current market conditions. Collaborating closely with decision-makers and other departments is essential to ensure that insights lead to effective strategies.

What does an economist do at work?

An economist analyzes economic data, develops models, and forecasts trends to help organizations and governments make informed decisions. They study factors like inflation, unemployment, and market behavior, often using statistical tools and software. Economists may work in research, policy analysis, or consulting, requiring strong analytical skills and knowledge of economic theories.

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

To thrive as an Economist, you need a solid background in economics, mathematics, and statistical analysis, generally supported by at least a bachelor's or master's degree in economics or a related field. Proficiency with data analysis software such as Stata, R, SAS, or Excel, and familiarity with econometric modeling are typically required. Strong critical thinking, communication, and problem-solving skills distinguish top performers in this role. These skills and qualifications are crucial for effectively analyzing complex data, generating actionable insights, and clearly presenting findings to inform policy or business decisions.

What are the jobs of an economist?

An economist analyzes economic data, develops models, and provides insights on economic trends to inform policy, business strategies, or financial decisions. They may work in research, government, finance, or consulting, often using statistical tools and economic theories to solve complex problems.

What is the difference between Economist vs Data Analyst?

AspectEconomistData Analyst
Required CredentialsDegree in Economics, Statistics, or related field; often advanced degreesBachelor's or master's in Data Science, Statistics, or related field
Work EnvironmentResearch institutions, government agencies, think tanks, financial firmsBusiness, finance, healthcare, tech companies, and consulting firms
Industry UsagePolicy analysis, economic forecasting, researchData interpretation, reporting, business insights

While both roles analyze data, Economists focus on economic theories, policy impacts, and forecasting, often working in research or policy environments. Data Analysts concentrate on interpreting data sets to inform business decisions across various industries. Understanding these differences helps in choosing the right career path or job search focus.

What kind of jobs do economists get?

Economists work in various fields including government agencies, financial institutions, research organizations, and private corporations. They analyze economic data, develop models, and provide policy advice, often requiring strong analytical skills and proficiency with statistical tools like Excel or Stata.
More about Economist jobs
What are the most commonly searched types of Economist jobs in Indiana? The most popular types of Economist jobs in Indiana are:
What are popular job titles related to Economist jobs in Indiana? For Economist jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Economist jobs in Indiana look for? The top searched job categories for Economist jobs in Indiana are:
What cities in Indiana are hiring for Economist jobs? Cities in Indiana with the most Economist job openings:
What are popular job titles related to Economist jobs in IN? For Economist jobs in IN, the most frequently searched job titles are:
Economist jobs near you
Infographic showing various Economist job openings in Indiana as of August 2026, with employment types broken down into 72% Full Time, 22% Part Time, and 6% Contract. Highlights an 100% In-person job distribution, with an average salary of $78,089 per year, or $37.5 per hour.

Economist- Direct Hire

US Department of the Treasury

South Bend, IN • On-site

$125K/yr

Other

Posted 19 days ago

U.S. Department Of The Treasury rating

8.2

Company rating: 8.2 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

309th of 841 rated public administrative organizations

Job description

WHAT IS DATA AND ANALYTICS?A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions

  • Position(s) are to be filled in the following area(s):
    • RAAS - Data and Analytics (DAO) Research Applied Analytics and Statistics (RAAS)
REVIEW THE ADDITIONAL INFORMATION BELOW FOR FURTHER DETAILSQualifications:Federal experience is not required. Experience may have been gained in the public sector, private sector or through Volunteer Service. One year of experience refers to full-time work; part-timework is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week, on your resume.
BASIC REQUIREMENTS - ALL GRADES: To be eligible for this position you must meet the following basic requirement (positive education requirement):
You must have a bachelor's or higher degree in economics that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
OR
A combination of education and experience. The education must include courses equivalent to a major in economics, as shown above, plus appropriate experience or additional education. Examples of qualifying experience include (this list is not all inclusive):
  1. individual economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation;
  2. supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or
  3. teaching assignments in a college or university that included both class instruction in economics subjects and one of the following (1) personal research that produced evidence of results, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems.
The quality of the combination of education and experience must be sufficient to demonstrate that the applicant possesses the knowledge, skills, and abilities required to perform work in the occupation, and is comparable to that normally acquired through the successful completion of a full 4-year course of study with a major in economics.
GS-14 Qualifications: In addition to the above basic requirement, you must have one (1) year of specialized experience at a level of difficulty and responsibility equivalent to the GS-13 grade level in the Federal service. Examples of qualifying specialized experience include:
  • Initiating and conducting a wide variety of complex economic studies to evaluate policies affecting tax administration and taxpayer compliance and to define feasible alternatives - which involves analyzing long-range effectiveness associated with the issues and resulting recommendations.
  • Providing expert technical advice concerning official action that will affect the economy.
  • Providing advice, counsel and recommendations to other economists and operating officials based on findings, interpretations and informal suggestions.
Experience must also include:
  • Experience applying quantitative techniques to analyze and address multi-disciplinary issues pertaining to strategic planning, public policy, or public administration and to provide senior management with economic analysis of major issues, to extend & refine existing methodologies.
  • Developing new approaches to the analysis of assigned topics and to prepare policy options with the action plans to implement them.
  • Experience working with theories and concepts of management science and an associated level of experience evaluating and redesigning various programs.
to OPM's Qualifications StandardsEducation:A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page.
FOREIGN EDUCATION: Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.S. education program. It is your responsibility to provide such evidence when applying. Click here (Section 3, Explanation of Terms) or here for Foreign Education Credentialing instructions.
We recommend choosing an evaluator from a member organization of one of the following national associations of credential evaluation services: National Association of Credential Evaluation Services (NACES) or Association of International Credentials Evaluators (AICE).Employment Type: OTHER

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