Illinois enjoys a rich, diverse industrial base that supports many careers in economics. The many huge multinationals headquartered in Chicago serve as the top creators of private sector managerial economist jobs in the state.
Career Opportunities for Economists In Illinois
As the second largest restaurant chain in the world, McDonald’s, headquartered in Chicago, can serve as an independent summary barometer of inflation and economic stability, according to the business economists within the corporation.
Since the first things affected by inflation are often food commodities like flour and sugar, a price hike in these commodities can be felt throughout this organization and act as a signal for what can be expected throughout the national economy.
Economist Salaries in Illinois
The Bureau of Labor Statistics reports an average annual salary of $101,910 among the 380 economists that work in the metro area of Chicago, as of 2011.
Those in the 75th percentile earned $126,320 on average, while Chicago’s top economists representing the 90th percentile earned $157,060 on average.
The 400 economists that work within the Joliet-Naperville area earned only slightly less at $101,110 on average.
Those in the 75th percentile earned $125,00 on average, while Joliet and Naperville’s top economists representing the 90th percentile earned $155,570 on average.