Economist - Federal Salaries of 2016
Pay Rates for "Economist"How much does an Economist in the federal government get paid? $117,316.34* *Based on the 2016 average.
Economist was the 62nd most popular job in the U.S. Government in 2016, with 4,378 employed. The most common payscale was the general schedule payscale.
In 2016, the Bureau of Labor Statistics hired the most employees titled Economist, with an average salary of $95,998.
Government Economist jobs are classified under the General Schedule (GS) payscale. The minimum paygrade for a Economist job is GS-6, and the highest paygrade that can be attained within this job series is GS-15. Remember that the starting and maximum yearly pay listed above reflect base pay only - your actual salary will be higher based on the Locality Pay Adjustment for the area in which you work.
This occupation includes positions that require application of a professional knowledge of economics in the performance of duties that include: research into economic phenomena, analysis of economic data, and the preparation of interpretive reports; advice and consultation on economic matters to governmental officials and private organizations or citizens; and the performance of other professional work in economics including supervision and the direction of economists engaged in the various economics programs of the Federal Government.
Science, technology, engineering, and mathematics (STEM) professions fall under this job category. Due to the growing focus of them STEM fields, individuals in this job category tend to advance more quickly than employees in the other job categories. Jobs in this category are being added quickly and many organizations have trouble finding qualified individuals. Individuals in this job category typically recieve pormotions of 2 grade increases at a time until they reach GS-12.
Agencies that have hired an Economist
Economist Pay Distribution
The average pay for an Economist is $117,316.34. The highest paid Economist made $265,000 in 2016.
Common Economist Payscales
|Payscale||Number of Economist Employees|
|GS - General Schedule||3,206|
|ZP - Scientific And Engineering Professional||346|
|SK - Sec Emp Formerly Under Gs, Gm, And Ez||106|
|NB - Ofc Of Comptroller Of The Currency Only||96|
|ES - Senior Executive Service||84|
|CG - Corporate Graded||78|
|EF - Consultant (5 U.s.c. 3109)||47|
|CN - Bur Of (cfpb) An Indep Ag Within Frs||40|
|EL - Non-executive Positions At Fhfa||36|
|AD - Administratively Determined Rates, Not E||32|
|CT - Commodity Futures Trading Commission Pos||30|
|GM - Emp Covered By Pmrs Termination Provisns||30|
|FV - Faa Core Compensation Plan||29|
|RG - Code For Use By Hhs Only.||28|
|ED - Expert (5 U.s.c. 3109)||24|
|FP - Foreign Service Personnel||23|
|OR - Employees Of The Ofr, Treasury||22|
|SL - Senior Level Positions||18|
|FO - Foreign Service Officers||18|
|IR - Irs Broadband Class And Pay System Pos||17|
|GG - Grades Similar To General Schedule||9|
|SV - Trans Security Admin Emp Other Than Exec||9|
|EI - Advisory Committee Member (other)||9|
|MC - Emp Of Millennium Challenge Corporation||6|
|EH - Advisory Committee Member (5 U.s.c. 3109||5|
|VH - Professional, Admin., And Managerial||5|
|CU - Credit Union Employees||4|
|SO - Sec Emp Formerly Under Es Pay Plan||3|
|RF - Code Is For Use By Hhs Only.||3|
|ST - Scientific And Professional||3|
|IC - Federal Emergency Management Agency Use||3|
|CM - Fdic Suprv And Mangr Pos Below Exec Lev||2|
|RS - Senior Biomedical Research Service||2|
|EX - Executive Pay||2|
|SS - Senior Staff Positions||1|
|EM - Fdic Executive-level Positions Only||1|
|LL - Executives At Federal Housing Finance Ag||1|
|Starting Paygrade:||$32,716.00 / year base pay at paygrade GS-6, Step 1|
|Maximum Paygrade:||$138,572.00 / year base pay at paygrade GS-15, Step 10|
|Category:||Professional and Scientific|
|Occupation Family:||0100 SOCIAL SCIENCE, PSYCHOLOGY, AND WELFARE GROUP|
Other Jobs at the GS-6 Paygrade
GS-6 is the starting paygrade for Economist jobs. Here are some other Federal Government jobs that can be held by employees at the GS-6 paygrade.
|Occupation||Occupation Category||Starting Paygrade||Maximum Paygrade|
|Cargo Scheduling||Technical and Medical Support||GS-1||GS-9|
|Equal Employment Opportunity||Administrative and Management||GS-4||GS-15|
|Military Pay||Clerical and Administrative Support||GS-1||GS-9|
|Soil Science||Professional and Scientific||GS-6||GS-15|
|Educational Therapist||Professional and Scientific||GS-6||GS-15|
Average Economist Pay Trend from 2004 to 2018
In 2004, the average pay for an Economist was $87,989. Since then, the average pay has increased to $121,837 in 2018.
The information provided on these pages is sourced from the Office of Personnel Management (OPM) Enterprise Human Resources Integration (EHRI) dataset. Postal Service data is managed exclusively by the USPS . All information is displayed unmodified and as provided by the source agency.
Federal employee salaries are public information under open government laws (5 U.S.C. § 552). FederalPay provides this data in the interest of government transparency — employee data may not be used for commercial soliciting or vending of any kind. Learn more about the FederalPay Employees Dataset here.
The series code of this occupation is