Business and managerial economists may wish to examine some key Montana industries that are expected to experience tremendous growth in the next few years. According to the Montana Department of Labor and Industry, the fastest growing industries between 2010 and 2020 will be:
- Construction should add 31.7% of its present workforce
- Professional, Scientific and Technical businesses should add 27.4% of its present workforce
- Arts, Entertainment and Recreation should add 35% of its present workforce
- Professional and Business services should add 25.9% of its present workforce
- Leisure and Hospitality should add 19.8% of its present workforce
Advanced degree holders who major in business and managerial economics often seek out careers at Montana’s government agencies, large corporations and public policy centers, including:
- Governor’s Office of Economic Development
- Montana Policy Institute
- First Interstate Bank
Montana Economist Salary and Job Data
The economist job openings in coming years will originate from positions that become vacated due to retirement or career changes. In 2011, governmental and commercial enterprises supported the employment of 50 economists throughout the state. The average annual salary among economists in Montana was $78,710 that year.
Economics degree holders found considerably more career opportunities in teaching at the collegiate level. There were 240 business professors found working in the state in 2011. Their reported average annual salary was $61,530. By 2020 this number is expected to grow to 260.