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How much do phd in economics jobs pay per hour?

As of Aug 25, 2026, the average hourly pay for phd in economics in Maine is $63.31, according to ZipRecruiter salary data. Most workers in this role earn between $57.74 and $68.89 per hour, depending on experience, location, and employer.

What is a PhD in Economics?

A PhD in Economics is a doctoral degree focused on advanced study and research in economic theory, econometrics, and applied economics. This program typically spans 4-6 years and involves rigorous coursework, comprehensive exams, and original research culminating in a dissertation. Graduates are trained to analyze complex economic problems, contribute to policy discussions, and advance the field through academic or industry research. Earning a PhD in Economics prepares individuals for careers in academia, government, international organizations, and the private sector.

What types of career paths are available to someone with a PhD in Economics beyond academia?

While many with a PhD in Economics pursue academic research and teaching positions, there are also diverse opportunities in government agencies, think tanks, international organizations, and the private sector. Economists are often employed in policy analysis, data science, consulting, and financial services, where their analytical and quantitative skills are highly valued. Collaborating with multidisciplinary teams is common, and positions often involve conducting complex research, presenting findings to stakeholders, and informing decision-making processes. Career advancement can lead to senior research, policy advisory, or executive roles depending on the industry.

What are the key skills and qualifications needed to thrive as a PhD in Economics, and why are they important?

To thrive as a PhD in Economics, you need advanced quantitative analysis, economic theory expertise, and strong research skills, typically supported by a doctoral degree in economics or a related field. Proficiency with statistical software such as Stata, R, or MATLAB and experience with academic publishing and data management tools are highly valued. Exceptional critical thinking, effective communication, and collaborative abilities distinguish top economists in academic or industry roles. These skills are crucial for producing rigorous research, influencing policy, and effectively conveying complex economic concepts to diverse audiences.

What is the difference between Phd In Economics vs Economist?

AspectPhd In EconomicsEconomist
Required CredentialsDoctorate (PhD) in EconomicsBachelor's or Master's in Economics or related field; PhD preferred for advanced roles
Work EnvironmentAcademic, research institutions, think tanks, policy organizationsGovernment agencies, private firms, consulting, research institutions
Industry UsageAcademic research, policy analysis, teachingEconomic analysis, forecasting, policy advising, consulting

While a Phd In Economics focuses on advanced research and academic roles, an Economist applies economic principles in various industries, often with less emphasis on academic research. Both roles require strong analytical skills, but the PhD is essential for research-intensive positions, whereas Economists may have diverse educational backgrounds.

Is a PhD in economics in demand?

A PhD in economics is in demand for academic, research, and policy roles, especially in government agencies, think tanks, and universities. Economists with strong analytical skills and expertise in data analysis, econometrics, and modeling are sought after in various sectors, including finance and consulting. Job opportunities often require advanced research capabilities and a solid understanding of economic theory.

Is a PhD in economics useful?

A PhD in economics is useful for careers in academia, research, policy analysis, and high-level consulting, where advanced analytical and quantitative skills are required. It can lead to roles in government agencies, international organizations, and financial institutions, often involving data analysis, economic modeling, and policy development.

What can I do with a PhD in economics?

A PhD in economics prepares individuals for research, teaching at the university level, and policy analysis roles in government, think tanks, or international organizations. Graduates often work as economists, data analysts, or consultants, utilizing quantitative skills, economic modeling, and statistical tools like R or Stata. Career paths may also include roles in finance, consulting, or academia.

What are popular job titles related to Phd In Economics jobs in Maine?

For Phd In Economics jobs in Maine, the most frequently searched job titles are:

What job categories do people searching Phd In Economics jobs in Maine look for?

The top searched job categories for Phd In Economics jobs in Maine are:

What cities in Maine are hiring for Phd In Economics jobs?

Cities in Maine with the most Phd In Economics job openings:

Phd In Economics jobs near you
Infographic showing various Phd In Economics job openings in Maine as of August 2026, with employment types broken down into 85% Full Time, 11% Part Time, 3% Temporary, and 1% Contract. Highlights an 74% Physical, 8% Hybrid, and 18% Remote job distribution, with an average salary of $131,675 per year, or $63.3 per hour.

Transmission Planning Consultant - 1898 & Co.

Burns & McDonnell

Portland, ME • On-site

Full-time

Retirement

Re-posted 22 days ago

Burns & McDonnell rating

8.7

Company rating: 8.7 out of 10

Based on 50 frontline employees who took The Breakroom Quiz

3rd of 80 rated construction

Job description

Description
At 1898 & Co., we are helping shape the future of transmission systems across North America. Our Transmission Planning and Power Systems Analysis team works with a diverse mix of clients-investor-owned utilities, public power entities, developers, and ISOs/RTOs-to deliver smart, resilient, and future-ready electric grid solutions. As part of Burns & McDonnell, we bring together decades of experience, a deep bench of technical talent, and a spirit of innovation to solve some of the most critical infrastructure challenges of our time. We are seeking a Transmission Planning Consultant who is passionate about electric grid reliability, renewable integration, and the technical challenges shaping our energy future. This role will contribute directly to project execution by performing advanced transmission system studies and supporting client decision-making with high-quality technical and economic analysis.
What You'll Do
  • Perform a broad range of studies and consulting services such as power flow, transient stability, transfer capability, short-circuit, voltage analysis, harmonics analysis, electromagnetic, reliability, and congestion management scenarios.
  • Evaluate regulatory conditions and risks by applying NERC, FERC, and regional requirements, production costing, risk assessment, TPL compliance, and generator interconnection principles.
  • Independently execute transmission system planning studies using industry-standard software such as PSS/E, PSLF, EMTP/ATP, PSCAD, SKM, ETAP, and Promod.
  • Adapt and apply standard engineering techniques for electric transmission system planning procedures and criteria.
  • Analyze engineering, financial, and economic data to develop actionable insights for client projects.
  • Develop technical assumptions for life-cycle cost analysis including capital, O&M costs, performance estimates, and economic forecasts.
  • Conduct risk assessments related to evolving regulatory policies and technical constraints.
  • Perform detailed financial analysis using various analytical software tools.
  • Develop technical reports and presentations summarizing findings and recommendations.
  • Support project managers with client deliverables, proposal development, and business development efforts.
  • Participate in client meetings, technical reviews, and planning sessions to support transmission planning engagements.
  • Comply with all company policies and quality standards.
  • Perform other duties as assigned.

Qualifications
  • Bachelor's degree in engineering or related degree from an ABET accredited program or related degree and 3 years of related experience required.
  • Or master's degree in engineering or business and 2 years of experience required.
  • Or PhD in engineering and 1 year of experience required.
  • Prior experience associated with electric utility operations, planning, or consulting.
  • Experience with power system planning and operations; transient stability, short circuit, and voltage analysis; NERC, FERC, and Regional requirements, policies and procedures; production costing; risk assessment techniques; TPL compliance; generator interconnection; or harmonics analysis.
  • Experience with electric transmission systems and transmission system planning processes.
  • Strong computer skills using industry software such as PSS/E, PSLF, EMTP/ATP, PSCAD, SKM, ETAP, and Promod.
  • Ability to execute various transmission system planning studies.
  • Knowledge of numerous power regions of the country and independent system operators such as: PJM, MISO, NEISO, SPP, CAISO, WECC, SERC, ERCOT, NYISO.
  • Knowledge of NERC and FERC standards.
  • Ability to provide evaluation, selection, adaptation, and modification of standard engineering techniques for electric transmission system planning procedures and criteria.
  • Knowledge in standard engineering, construction, and operation techniques, principles, and procedures associated with power transmission facilities.
  • Strong attention to detail, facilitation, team building, collaboration, organization and problem-solving skills.
  • Ability to work methodically and analytically in a quantitative problem-solving environment.
  • Demonstrated leadership skills.
  • Proven ability to lead, educate, and train a team of consultants and analysts in regards to transmission planning studies.
  • Ability to independently solve difficult problems that require adaptation and modification of standard techniques, procedures, and criteria.
  • Excellent written and oral communications skills.
  • Demonstrated critical thinking skills.
  • Ability to perform under pressure and tight deadlines and to be effective in on-site work environments.
  • Ability to manage multiple projects concurrently, including identification of critical path items to ensure deliverable deadlines are met.
  • Ability to focus on the big picture to effectively and efficiently provide services that meet client needs, while also having the ability to identify and analyze details that are critical to project outcomes.
  • Willingness to learn new service offerings as client needs and the market requires changes to the service offerings provided by our group.
  • Proficient in Microsoft Office Suite (Word, Excel, PPT).
  • Ability to travel.
  • Professional Engineer (PE) License preferred.

Benefits
Our extensive benefits package takes care of you so that you can focus on doing great work. From insurance and disability to time off and wellness programs, we provide the tools to meet your needs. As part of being 100% employee-owned, eligible employees participate in our Employee Stock Ownership Plan (ESOP) in addition to our 401(k) retirement program. For more information, please visit the Benefits & Wellness page.
This job posting will remain open a minimum of 72 hours and on an ongoing basis until filled.
EEO/Disabled/Veterans
Job Engineering
Primary Location US-MA-Newton
Other Locations US-ME-Portland, US-PA-Conshohocken, US-NJ-Morristown
Schedule: Full-time
Travel: Yes, 15 % of the Time
About 1898 & Co. 1898 & Co. is a business, technology and security solutions consultancy where experience and foresight come together to unlock lasting advancements. We innovate today to fuel our clients' future growth, catalyzing insights that drive smarter decisions, improve performance and maximize value. As part of Burns & McDonnell, we draw on more than 120 years of deep and broad experience in complex industries as we envision and enable the future for our clients.
Req ID: 263766
Job Hire Type Experienced #LI-EH #E98 N/A

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About Burns & McDonnell

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Burns & McDonnell assists clients of all sizes and industries by providing extensive physical services ranging from assessments, integrated security solutions, and large security architecture designs. Services we typically provide include security and safety system design, threat, risk, and vulnerability assessments, security surveys, security master planning, compliance to federal security programs, independent validation and verification of integrated security system operations, management of installation and maintenance, and staff augmentation to develop and implement facility management and protection processes.

Industry

Civil engineering construction

Company size

10,000+ Employees

Headquarters location

Kansas City, MO, US

Year founded

1898

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