Nevada boasts a strong economy with many burgeoning industries, which support many job opportunities for economics degree holders. The Nevada Department of Employment, Training and Rehabilitation expect that there will be considerable growth in many economics-related professions.
Managerial Economists in Nevada’s Gaming and Mining Industries
Job opportunities for advanced degree holders in economics are tied to a number of state industries. Much of the state’s economy is based on gaming and tourism. In 2008, the 266 casinos within the state generated almost $25 billion in revenue, which provided Nevada with a per capita annual income of $38,578, nineteenth highest in the country. Another important industry is mining which produced 8.7% of the entire world’s gold output. Gold mining generated $2.84 billion for the state in 2004.
These critical industries require considerable economic analysis and oversight, which creates significant numbers of opportunities for careers in economics in Nevada.
Public sector economists may wish to seek career opportunities with the following institutions
- Nevada Commission on Economic Development
- Nevada Policy Research Institute
- Nevada System of Higher Education
Nevada Economist Salary and Job Data
Nevada organizations employed 50 economists in 2011. The average annual salary for these professionals was $73,210. The number of economists in Nevada is expected to grow by 40% from 2010 to 2020.
In 2011, 380 business and managerial economics professors were employed in Nevada, earning, on average $84,510 per year. The 240 business and managerial economics professors working at Las Vegas universities and educational centers earned, on average, $84,240 per year. The NDETR predicts that between 2010 and 2020, 80 more business professorships will be created in the state.