Professionals with a master’s degree are able to find positions throughout the state, but the greatest number of job opportunities is likely to be found in the major population center of Anchorage.
The Alaska Department of Labor and Workforce Development predicts that between 2010 and 2020, three more public sector economist positions will be added. The number of business and managerial economics professor positions expected to be added during this period will be 44. Four more economics professor positions should also be added during this period as well.
Alaska’s fastest growing industries should present numerous career opportunities for private sector business and managerial economists. The Alaska Department of Labor and Workforce Development predicts the fastest growing industries from 2010 to 2020 will also be the top creators of private sector managerial economist jobs in the state:
- Health Care and Social Assistance industry should grow by 31.2%
- Professional, Scientific and Technical Services industry should grow by 13.9%
- Financial Activities industry should grow by 13.2%
- Administrative, Support, Waste Management and Remediation industry should grow by 12.6%
- Accommodation and Food Services industry should grow by 12.5%
Careers in economics in Alaska are also found in the public sector with these organizations:
- Alaska Department of Labor and Workforce Development
- Institute of Social and Economic Research
Economist Salaries in Alaska
The U.S. Bureau of Labor Statistics reports that in 2011, 90 public sector economists were working throughout the state. Statewide, the average annual income for economists was $81,460.
In the Anchorage area, there were 70 careers in economics producing an average salary of $83,060.
In 2011, the number of business and managerial economics professors working in the state totaled 610. These educators averaged $71,700 in annually. The 540 business and managerial economics professors working in the Anchorage area earned an average of $66,330 in 2011.