New York Careers in Economics

Economics is the social science that deals with the ways in which societies organize the production and distribution of goods and services. Economic forces affect almost all human activities and economists analyze a broad range of issues that impact public policy, such as trade, wealth/poverty, business cycles, labor relations, the environment, taxation and health care. The discipline’s multi-faceted nature provides economics graduates with a variety of careers from which to choose.

The kinds of employers in New York that hire graduates with a master’s degree in economics include:

  • Banking firms
  • Government agencies
  • Investment firms
  • Insurance companies
  • Trade associations
  • Labor unions
  • Higher Education Institutions
  • Consulting organizations
  • World trade organizations
  • Pension, hedge and mutual funds
  • Health Care Organizations

The career direction taken is often depends upon the student’s area of specialization and/or chosen electives. For example, an emphasis on international economics provides students with knowledge of global financial markets and risks that are essential for a position with a multinational corporation or UN-related agency careers.

Economist Salaries in New York

According to the U.S. Bureau of Labor Statistics, the national median salary for economists is $99,350. Mean annual salaries in New York for specific occupations are:

  • Financial Manager – $163,620
  • Market Research Analyst – $72,540
  • Budget Analyst – $68,490
  • Credit Analyst – $104,970
  • Financial Analyst – $110,450
  • Economics Teacher (postsecondary) – $100,230

Mean annual salaries in specific New York cities are:

Economics Career
New York City
Syracuse
Financial Manager
$164970
$123450
Market Research Analyst
$75070
$57370
Budget Analyst
$73710
$65350
Credit Analyst
$104390
$68950
Financial Analyst
$110000
$75780
Economics Teacher (college)
$106540
$52950

Some New York Based Employers of Economists

  • AIG Insurance Co.
  • American Express
  • Bloomberg Communications
  • Citigroup
  • Corporate Risk Solutions
  • Credit Suisse
  • Deutsches Bank
  • Federal Reserve Bank of New York
  • Goldman Sachs & Co.
  • Moody’s Economy.com
  • PricewaterhouseCoopers
  • Prism Group
  • United Nations

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