There are a substantial number of career opportunities for graduate degree holders in economics in Wisconsin. Positions can be found throughout the state, but the majority of positions can be found in the major metropolitan centers of Milwaukee and Madison.
Economists in Wisconsin’s Public and Private Sectors
The Wisconsin Department of Workforce Development predicts that the top private sector employment industries for business economists in the state between 2008 and 2018 will be:
- Healthcare and social assistance should add 64,600 jobs
- Durable goods manufacturing should add 34,380 jobs
- Non-durable goods manufacturing should add 16,330 jobs
- Administrative, support and waste management and remediation should add 14,020 jobs
- Accommodation and food services should add 13,900 jobs
Public sector economists in Wisconsin are most likely to find careers at post-secondary educational institutions, government agencies, and think tanks, including:
- Wisconsin Department of Workforce Development
- University of Wisconsin System
- Wisconsin Policy Research Institute
Wisconsin Economist Salary and Job Data
In 2011, there were 170 economists working in the state, earning an average salary of $78,400. Forty of these were working in the Milwaukee area and earning an average of $76,150. A hundred economists were employed in the Madison area and drew average annual salaries of $84,200.
Wisconsin universities employed 2,940 business and managerial economics professors in 2011, paying them an average annual salary of $83,960. The 570 business and managerial economics professors working in the Milwaukee area earned an average of $85,630. The business and managerial economics professors working in the Madison area averaged $95,750 in 2011.
There were 260 economics professors working in the Wisconsin in 2011, earning an average of $91,480. The 70 economics professors working in the Milwaukee area drew average salaries of $92,380 for 2011.