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Engineering Economics Jobs (NOW HIRING)

PJM

(Sr.) Economist I (II)

Audubon, PA · On-site

$92K - $117K/yr

Bachelor's degree in Economics, Mathematics, Master's degree in Engineering, Economics or equivalent work experience * Ability to produce high-quality work products with attention to detail

Amazon

Sales Operations III - AMZ9082503

Arlington, VA · On-site

$170K - $181K/yr

Master's degree or foreign equivalent degree in Computer Science, Engineering, Economics, Finance, Operations or a related field and seven years of experience in job offered or a related occupation.

Five and Fly, LLC.

Analytics Engineering Intern

Denver, CO · On-site

$17.25 - $22.50/hr

Currently pursuing a Bachelor's degree in Statistics, Engineering, Economics, Business Administration, Data Science, Computer Science, or related fields. * Interest in data analysis, business ...

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How much do engineering economics jobs pay per hour?

As of Jun 16, 2026, the average hourly pay for engineering economics in the United States is $65.38, according to ZipRecruiter salary data. Most workers in this role earn between $59.62 and $71.15 per hour, depending on experience, location, and employer.

What are the typical responsibilities of an Engineering Economics professional within an organization?

Engineering Economics professionals are typically responsible for evaluating the financial viability of engineering projects, conducting cost-benefit analyses, and preparing detailed economic forecasts to guide project planning. They often collaborate closely with engineering teams, project managers, and financial departments to gather data, assess risk, and ensure resources are optimally allocated. On a daily basis, they may work on developing financial models, presenting findings to decision-makers, and recommending strategies to improve project efficiency and profitability. This interdisciplinary work enables organizations to make data-driven investment and project management decisions.

Is economics useful in engineering?

Engineering economics is a fundamental aspect of engineering jobs, involving the analysis of costs, benefits, and financial feasibility of projects. It helps engineers make informed decisions, optimize resource allocation, and evaluate project viability using tools like cost-benefit analysis and financial modeling.

What do economic engineers do?

Economic engineers analyze the costs, benefits, and economic impacts of engineering projects and systems. They apply principles of engineering, economics, and finance to optimize decision-making, often using tools like cost-benefit analysis and economic modeling to improve project efficiency and profitability.

What is an Engineering Economics job?

An Engineering Economics job involves applying economic principles to engineering projects to ensure cost efficiency and financial feasibility. Professionals in this field analyze costs, evaluate investment decisions, and optimize resource allocation for engineering projects. They work in industries like construction, manufacturing, and infrastructure development to balance technical and financial considerations. Their role helps organizations make data-driven decisions that maximize profitability while maintaining project sustainability.

What is the highest paid job in economics?

In economics, the highest paid roles are often senior positions such as Chief Economist, Economics Director, or Quantitative Research Director, typically found in finance, consulting, or government sectors. These roles require advanced degrees, strong analytical skills, and experience with economic modeling and data analysis tools. Salaries can exceed $150,000 annually, especially with bonuses and incentives.

What are the key skills and qualifications needed to thrive in the Engineering Economics position, and why are they important?

To excel in Engineering Economics, you need strong quantitative analysis, economic modeling, and engineering fundamentals, usually backed by a degree in engineering or a related field. Familiarity with financial analysis software, spreadsheet modeling, and cost estimation tools is highly valuable, and certification such as Professional Engineering (PE) or specialized economics credentials can be advantageous. Excellent problem-solving, attention to detail, and communication skills help professionals explain complex cost-benefit analyses to technical and non-technical stakeholders. These competencies ensure accurate economic assessments and informed decision-making, directly impacting project viability and resource allocation.

What jobs combine engineering and economics?

Jobs that combine engineering and economics include roles such as engineering economist, cost analyst, project manager, and operations researcher. These positions often require skills in financial analysis, data modeling, and engineering principles, and are common in industries like manufacturing, energy, and infrastructure development.
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Engineering Economics jobs near you

(Sr.) Economist I (II)

PJM

Audubon, PA • On-site

$92K - $117K/yr

Full-time

Posted 27 days ago

Job description

Job Description
Flexible Work Arrangement: Hybrid
A (Sr.) Economist in Market Design is responsible for leading the evolution of PJM's wholesale energy markets. As a member of the Market Design team, you will develop a detailed understanding of the workings of the wholesale electricity market and be responsible for designing, analyzing and defending the market mechanisms that promote grid reliability and economic efficiency. This role will focus on areas such as resource adequacy, price formation, and the integration of emerging technologies.
Essential Functions:
The primary focus of the work in the Market Design department:
  • Evaluate current and new market rules changes and recommend enhancements
  • Coordinate with the Market Analysis department on the scope and results of empirical analysis of market performance, market efficiency and behavior
  • Lead the economic theory behind market design reforms and conduct advanced econometric analysis to understand market outcomes
  • Present complex and technical content to a diverse audience through written reports and presentations
  • Collaborate with internal (market, operations, planning, legal, IT and etc.) and external (IMM, academia, FERC, ISOs, members) business partners to work on challenging problems
  • Lead and support efforts on publishing papers, both internally and externally, to advance PJM's thought leadership in market design.

Characteristics and Qualifications:
Required:
  • Bachelor's degree in Economics, Mathematics, Master's degree in Engineering, Economics or equivalent work experience
  • Ability to produce high-quality work products with attention to detail
  • Experience in quantitative and qualitative analysis
  • Ability to use mathematical and electrical theory
  • Ability to troubleshoot and provide technical support

Preferred:
  • MBA degree, PhD., Economics, PhD., Mathematics
  • At least 5 years of experience apply economic and statistical theory to complex market problems
  • Experience with PJM operations, markets, and planning functions

Apply