What Does it Take to Be an Economics Professor?
Economics Professor Example Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
A Day in the Life of an Economics Professor
- Participate in campus and community events.
- Keep abreast of developments in the field by reading current literature, talking with colleagues, and participating in professional conferences.
- Maintain regularly scheduled office hours to advise and assist students.
- Prepare course materials, such as syllabi, homework assignments, and handouts.
- Initiate, facilitate, and moderate classroom discussions.
- Act as advisers to student organizations.
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What Skills Do You Need to Work as an Economics Professor?
Below is a list of the skills most Economics Professors say are important on the job.
Speaking: Talking to others to convey information effectively.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Instructing: Teaching others how to do something.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Related Job Titles for this Occupation:
- Faculty Member
- Finance Professor
- Adjunct Instructor in Economics
- Microeconomics Professor
- Economics Faculty Member
Is There Going to be Demand for Economics Professors?
In the United States, there were 16,500 jobs for Economics Professor in 2016. New jobs are being produced at a rate of 10.9% which is above the national average. The Bureau of Labor Statistics predicts 1,800 new jobs for Economics Professor by 2026. The BLS estimates 1,500 yearly job openings in this field.
The states with the most job growth for Economics Professor are Oregon, Colorado, and California. Watch out if you plan on working in Wyoming, Vermont, or New Hampshire. These states have the worst job growth for this type of profession.
Economics Professor Average Salary
The typical yearly salary for Economics Professors is somewhere between $51,070 and $202,460.
Economics Professors who work in New Hampshire, Rhode Island, or California, make the highest salaries.
How much do Economics Professors make in each U.S. state?
| State | Annual Mean Salary |
|---|---|
| Alabama | $114,020 |
| Arkansas | $94,750 |
| California | $139,050 |
| Colorado | $104,530 |
| Connecticut | $98,870 |
| District of Columbia | $110,350 |
| Florida | $116,920 |
| Georgia | $101,590 |
| Hawaii | $87,520 |
| Idaho | $83,550 |
| Illinois | $128,340 |
| Indiana | $126,230 |
| Iowa | $133,600 |
| Kansas | $114,000 |
| Kentucky | $85,500 |
| Louisiana | $101,670 |
| Maine | $99,630 |
| Maryland | $119,300 |
| Massachusetts | $125,120 |
| Michigan | $111,530 |
| Minnesota | $110,060 |
| Mississippi | $96,740 |
| Missouri | $108,240 |
| Nebraska | $99,920 |
| Nevada | $79,310 |
| New Hampshire | $161,830 |
| New Jersey | $117,220 |
| New York | $129,370 |
| North Carolina | $106,080 |
| North Dakota | $93,610 |
| Ohio | $109,960 |
| Oregon | $110,860 |
| Pennsylvania | $131,060 |
| Rhode Island | $156,620 |
| South Carolina | $70,190 |
| South Dakota | $86,280 |
| Tennessee | $130,170 |
| Texas | $115,240 |
| Utah | $117,380 |
| Virginia | $101,290 |
| Washington | $89,490 |
| West Virginia | $90,800 |
| Wisconsin | $119,560 |
Tools & Technologies Used by Economics Professors
Below is a list of the types of tools and technologies that Economics Professors may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Email software
- The MathWorks MATLAB
- Google Docs
- R
- Minitab
- StataCorp Stata
- Calendar and scheduling software
- Blackboard Learn
- Learning management system LMS
- Course management system software
- Sakai CLE
- iParadigms Turnitin
Becoming an Economics Professor
What education is needed to be an Economics Professor?
What work experience do I need to become an Economics Professor?
Where do Economics Professors Work?
Economics Professors work in the following industries:
References:
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More about our data sources and methodologies.
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