11 Best Government Jobs for Economics Majors

Last Updated on October 8, 2023 by Robert Porter

In this article, you'll find the best government jobs for economics majors. As an economics graduate, the government sector offers numerous opportunities to apply your knowledge, analytical abilities, and passion for understanding the dynamics of the economy. Whether it's shaping public policy or analyzing economic data, the government is always in need of skilled individuals with an economics background. Listed below are 11 of the best government jobs for economics majors.

  1. Economic Advisor
  2. Budget Analyst
  3. Policy Analyst
  4. Tax Examiner
  5. Economic Researcher
  6. Financial Examiner
  7. Statistician
  8. City Planner
  9. Legislative Assistant
  10. Public Finance Consultant
  11. International Trade Specialist

1. Economic Advisor

As an Economic Advisor in the government, your role would primarily involve analyzing economic data, forecasting trends, and advising policymakers on economic policies.

Skills Required

  • Macro and micro-economic theory knowledge
  • Strong analytical abilities
  • Proficiency in statistical tools
  • Effective communication

Salary Range

Between $70,000 - $120,000 annually.

2. Budget Analyst

Budget Analysts play a crucial role in ensuring that governmental departments adhere to fiscal guidelines.

Skills Required

  • Strong numerical proficiency
  • Ability to interpret financial data
  • Knowledge of public finance
  • Attention to detail

Salary Range

Between $50,000 - $85,000 annually.

3. Policy Analyst

As a Policy Analyst, you will assess and interpret data to determine the possible effects of proposed policies.

Skills Required

  • Strong research abilities
  • Proficiency in data analytics tools
  • Ability to translate complex data into actionable recommendations
  • Effective communication

Salary Range

Between $50,000 - $90,000 annually.

4. Tax Examiner

Tax Examiners ensure compliance with tax laws, audit claims, and review tax returns.

Skills Required

  • Detailed understanding of tax laws
  • Analytical skills
  • Attention to detail
  • Integrity

Salary Range

Between $45,000 - $80,000 annually.

5. Economic Researcher

Economic Researchers in government agencies investigate economic phenomena, interpret findings, and present reports to influence policy decisions.

Skills Required

  • Advanced statistical knowledge
  • Research proficiency
  • Understanding of economic models and theories
  • Strong writing skills

Salary Range

Between $65,000 - $110,000 annually.

6. Financial Examiner

Financial Examiners ensure that financial institutions comply with laws and regulations that protect consumers.

Skills Required

  • Understanding of financial markets
  • Strong analytical skills
  • Knowledge of risk assessment
  • Effective communication abilities

Salary Range

Between $60,000 - $100,000 annually.

7. Statistician

Working as a Statistician in the government sector means analyzing data to solve complex problems in various areas such as healthcare, environment, or transportation.

Skills Required

  • Expertise in statistical software
  • Strong mathematical foundation
  • Problem-solving capabilities
  • Critical thinking

Salary Range

Between $75,000 - $115,000 annually.

8. City Planner

City Planners work with urban developments, assessing and planning spaces that cater to the community's needs.

Skills Required

  • Knowledge of urban planning principles
  • Strong analytical and visualization skills
  • Community engagement
  • Project management

Salary Range

Between $55,000 - $95,000 annually.

9. Legislative Assistant

Legislative Assistants often work with elected officials, researching and understanding economic implications of proposed legislation.

Skills Required

  • Policy analysis
  • Strong research abilities
  • Effective communication
  • Understanding of the legislative process

Salary Range

Between $40,000 - $75,000 annually.

10. Public Finance Consultant

These professionals advise on public finance strategies, including debt management, investments, and budgeting.

Skills Required

  • Knowledge of public finance
  • Strong analytical skills
  • Risk management
  • Effective communication

Salary Range

Between $65,000 - $105,000 annually.

11. International Trade Specialist

International Trade Specialists analyze global economic trends to influence trade policy.

Skills Required

  • Understanding of international economics
  • Strong analytical skills
  • Multilingualism can be beneficial
  • Knowledge of trade regulations

Salary Range

Between $70,000 - $120,000 annually.

What do government jobs offer to economics majors?

Government jobs offer various roles suited for economics majors. They allow individuals to utilize their analytical skills and knowledge to shape public policies and strategies that benefit the community.

How does a government role differ from a private sector job?

Government roles often focus on public interest and are less profit-driven than private sector jobs. They offer stability, comprehensive benefits, and the opportunity to impact society at large.

Are there ample opportunities for economics majors in the government?

Yes, economics majors have numerous opportunities in government ranging from policy analysis, research, planning, to financial oversight.

What's the growth potential for an economics major in a government role?

The growth potential is significant. With experience, one can move into higher advisory roles, lead departments, or even influence national economic policies.