Fewer than twenty percent of Washington, D.C. citizens actually work for the Federal Government. The District’s private sector economy is booming. The Economist states that D.C. maintains the lowest jobless rate of any metro area in the nation. For managerial economists, this may mean opportunities in both the private and public sectors.
Economics Careers in the District of Columbia
In the media, Washington houses giants like C-Span, where analysts communicate the core issues of the economic debate as they are discussed in the legislative branch. Nonprofits centered on economic policy initiatives abound, including the Center for Economic Policy and Research and the American Council for an Energy-Efficient Economy, where economists study how economic issues could be improved by changes in policy.
In spite of tough times nationwide, in Washington, graduate work in economics can create incredible opportunities. DC is a place where committed students of economics may very well find a rich and rewarding future in either the private or public sector.
Economics Salaries in Washington, DC
According to the Bureau of Labor Statistics, the 4,220 economists working in the DC area as of May 2011 earned an average of $114,450, while the nearly 10,000 private sector financial analysts in the area earned an average salary of $89,870. CareerInfoNet.org states that income for D.C.-based economists is, on average, $10K-$20K more annually than the national average for economists.