There are a number of Fortune 500 and Inc. 5000 corporations that call South Carolina home. Economists who choose to work for large businesses use their economic expertise to track current market trends and advise executives on strategies to maximize profits through economic forecasting. Many careers in economics in South Carolina begin with internships at these firms:
- BoomTown, Charleston
- Domtar, Fort Mill
- O-Matic Software, Charleston
- Williams Strength, West Columbia
- Wireless Communications, Greenville
Pursuing a career with a government agency is another route for economists. Local, state, and federal agencies all rely on the expertise of economists. These professionals work closely with state government to determine the best way to source revenue and maintain a balanced budget.
There are many groups dedicated to economic growth in South Carolina. A few of these organizations include:
- Economic Developer’s Association
- South Carolina Association of Community Development
- South Carolina Forestry Association
Economist Salaries in South Carolina
South Carolina’s unemployment rate appears to be holding steady at 9.6 percent. However, non-farm jobs are on the rise and the demand for highly educated professionals is growing. According to SF Gate, 2,400 non-farm jobs were added in the summer of 2012, including many within government agencies.
The Bureau of Labor Services (BLS) showed that in 2011 the average salary for an economist was $69,090 per year or $33.19 per hour.