Massachusetts Careers in Economics

Graduates with a master’s degree in economics have a wide variety of career options in the business, government or education sectors. These career choices include:

  • Microeconomist
  • Macroeconomist
  • Industrial Economist
  • Financial Economist
  • Financial Analyst
  • Market Research Analyst
  • Investment Banking Analyst
  • Economic Policy Analyst

Opportunities for Economists in Massachusetts

The Commonwealth of Massachusetts has an unemployment rate of 6.5 percent, more than a full percent lower than the national average. The U.S. Bureau of Labor Statistics predicts that employment in Massachusetts will grow another six percent by 2020 and economics graduates with an advanced degree have a far better chance of employment than those holding only a bachelor’s degree.

Salaries for Economists in Massachusetts

The U.S. Bureau of Labor Statistics compiled the following salaries.

Annual mean salaries statewide:

  • Financial Managers – $131,620
  • Market Research Analysts – $71,460
  • Budget Analysts – $73,680
  • Financial Analysts – $93,150
  • Economics Teachers (postsecondary) – $119,810

Annual mean salaries for certain Massachusetts cities:

Economics Career
Boston/Cambridge
Springfield
Financial Managers
$143190
$102990
Market Research Analysts
$71020
$65450
Budget Analysts
$77170
$70080
Financial Analysts
$95420
$83700
Economics Teachers (postsecondary)
$144240
$97270

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