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Career and Education Opportunities for Economists in Hartford, Connecticut

Hartford, Connecticut provides a wide variety of opportunities, both career and educational, for economists. There are currently 360 working economists in Connecticut; this should grow by 4% to 380 working economists in the state by 2016. This is not quite as good as the national trend for economists, which sees this job pool growing by about 5.8% over the next eight years. In general, economists conduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services.

The income of an economist is about $38 per hour or $80,680 per year on average in Connecticut. In the U.S. as a whole, their income is about $40 hourly or $83,590 annually on average. Compared with people working in the overall category of Social Sciences, people working as economists in Connecticut earn more. They earn more than people working in the overall category of Social Sciences nationally. Jobs in this field include: project economist, tax economist, and economic analysis director.

The Hartford area is home to sixty-two schools of higher education, including eleven within twenty-five miles of Hartford where you can get a degree as an economist. Given that the most common education level for economists is a Master's degree, you can expect to spend about six years studying to be an economist if you already have a high school diploma, or just 2 years if you have a Bachelor's degree.

CAREER DESCRIPTION: Economist

Economist video from the State of New Jersey Dept. of Labor and Workforce Development

In general, economists conduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. They also may collect and process economic and statistical data using econometric and sampling techniques.

Economists study economic and statistical data in an area of specialization, such as finance or agriculture. They also compile and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques. Finally, economists furnish advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

Every day, economists are expected to be able to write clearly and communicate well. They need to articulate ideas and problems. It is also important that they listen to and understand others in meetings.

It is important for economists to formulate recommendations or plans to solve economic problems or to interpret markets. They are often called upon to design economic guidelines and standards and ready points of view used in forecasting trends and formulating economic policy. Somewhat less frequently, economists are also expected to supervise research projects and students' study projects.

Economists sometimes are asked to testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations on the basis of cost-benefit analyses. and forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources. And finally, they sometimes have to testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations on the basis of cost-benefit analyses.

Like many other jobs, economists must be able to absorb the factors involved and a problem and provide a well thought out solution and be thorough and dependable.

Similar jobs with educational opportunities in Hartford include:

  • Archaeologist. Conduct research to reconstruct record of past human life and culture from human remains, artifacts, and structures recovered through excavation, underwater recovery, or other means of discovery.
  • Geographic Information Systems Analyst. Study nature and use of areas of earth's surface, relating and interpreting interactions of physical and cultural phenomena. Conduct research on physical aspects of a region, including land forms, climates, soils, plants and animals, and conduct research on the spatial implications of human activities within a given area, including social characteristics, economic activities, and political organization, as well as researching interdependence between regions at scales ranging from local to global.
  • Historian. Research, analyze, and interpret the past as recorded in sources, such as government and institutional records, newspapers and other periodicals, photographs, and unpublished manuscripts, such as personal diaries and letters.
  • Industrial Psychologist. Apply principles of psychology to personnel, administration, and marketing problems. Activities may include policy planning; employee screening, training and development; and organizational development and analysis. May work with management to reorganize the work setting to improve worker productivity.
  • Market Research Analyst. Research market conditions in local, regional, or national areas to determine potential sales of a product or service. May gather information on competitors, prices, and methods of marketing and distribution. May use survey results to create a marketing campaign based on regional preferences and buying habits.
  • Market Survey Representative. Design or conduct surveys. May supervise interviewers who conduct the survey in person or over the telephone. May present survey results to client.
  • School Psychologist. Investigate processes of learning and teaching and develop psychological principles and techniques applicable to educational problems.
  • Urban Planner. Develop comprehensive plans and programs for use of land and physical facilities of local jurisdictions, such as towns, cities, and metropolitan areas.

EDUCATIONAL OPPORTUNITIES: Economist Training

Central Connecticut State University - New Britain, CT

Central Connecticut State University, 1615 Stanley St, New Britain, CT 06050. Central Connecticut State University is a large university located in New Britain, Connecticut. It is a public school with primarily 4-year or above programs. It has 12,233 students and an admission rate of 60%. Central Connecticut State University has a bachelor's degree program in Economics which graduated seven students in 2008.

Westfield State College - Westfield, MA

Westfield State College, 577 Western Ave, Westfield, MA 01086-1630. Westfield State College is a medium sized college located in Westfield, Massachusetts. It is a public school with primarily 4-year or above programs. It has 5,562 students and an admission rate of 62%. Westfield State College has a bachelor's degree program in Economics which graduated sixteen students in 2008.

Wesleyan University - Middletown, CT

Wesleyan University, 237 High St, Middletown, CT 06459. Wesleyan University is a small university located in Middletown, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,149 students and an admission rate of 27%. Wesleyan University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree and master's degree which graduated twenty-four and zero students respectively in 2008.
  • Economics, Other Specialties, bachelor's degree which graduated 11 students in 2008.

Saint Joseph College - West Hartford, CT

Saint Joseph College, 1678 Asylum Avenue, West Hartford, CT 06117-2764. Saint Joseph College is a small college located in West Hartford, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,926 students and an admission rate of 82%. Saint Joseph College has a bachelor's degree program in Business/Managerial Economics.

Quinnipiac University - Hamden, CT

Quinnipiac University, Mt Carmel Ave, Hamden, CT 06518. Quinnipiac University is a medium sized university located in Hamden, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,413 students and an admission rate of 45%. Quinnipiac University has a bachelor's degree program in Economics which graduated two students in 2008.

Western New England College - Springfield, MA

Western New England College, 1215 Wilbraham Rd, Springfield, MA 01119-2684. Western New England College is a small college located in Springfield, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,215 students and an admission rate of 73%. Western New England College has a bachelor's degree program in Economics which graduated five students in 2008.

University of Hartford - West Hartford, CT

University of Hartford, 200 Bloomfield Ave, West Hartford, CT 06117-1599. University of Hartford is a medium sized university located in West Hartford, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,366 students and an admission rate of 60%. University of Hartford has a bachelor's degree program in Economics which graduated one student in 2008.

Mount Holyoke College - South Hadley, MA

Mount Holyoke College, 50 College Street, South Hadley, MA 01075-1489. Mount Holyoke College is a small college located in South Hadley, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,178 students and an admission rate of 53%. Mount Holyoke College has a bachelor's degree program in Economics which graduated three students in 2008.

University of Connecticut - Storrs, CT

University of Connecticut, , Storrs, CT 06269. University of Connecticut is a large university located in Storrs, Connecticut. It is a public school with primarily 4-year or above programs. It has 24,273 students and an admission rate of 54%. University of Connecticut has 2 areas of study related to Economist. They are:

  • Agricultural Economics, bachelor's degree, master's degree, and doctor's degree which graduated one, twelve, and three students respectively in 2008.
  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated eleven, nine, and five students respectively in 2008.

Trinity College - Hartford, CT

Trinity College, 300 Summit St, Hartford, CT 06106-3100. Trinity College is a small college located in Hartford, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,507 students and an admission rate of 42%. Trinity College has a bachelor's degree and a master's degree program in Economics which graduated one and ten students respectively in 2008.

American International College - Springfield, MA

American International College, 1000 State Street, Springfield, MA 01109. American International College is a small college located in Springfield, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,167 students and an admission rate of 78%. American International College has a bachelor's degree program in Economics.

CERTIFICATIONS

Planning and Scheduling Professional: The PSP certification is to recognize specialists who meet a demanding set of planning and scheduling criteria by a rigorous examination, experience, education and ethical qualificaion.

For more information, see the AACE International (Association for the Advancement of Cost Engineering through total cost management) website.

Certified Economic Developer: Economic development organizations need professionals who possess the expertise to combat new challenges that emerge in a constantly changing industry.

For more information, see the International Economic Development Council website.

Economic Development Finance Professional: In NDC's EDFP Certification Program you will build the capacity to translate development opportunities into results for their communities.

For more information, see the The National Development Council website.

LOCATION INFORMATION: Hartford, Connecticut

Hartford, Connecticut
Hartford, Connecticut photo by Contimm

Hartford is situated in Hartford County, Connecticut. It has a population of over 124,062, which has grown by 2.0% in the past ten years. The cost of living index in Hartford, 104, is above the national average. New single-family homes in Hartford cost $82,500 on average, which is far less than the state average. In 2008, eight new homes were constructed in Hartford, down from twelve the previous year.

The three big industries for women in Hartford are health care, finance and insurance, and educational services. For men, it is administrative and support and waste management services, construction, and accommodation and food services. The average commute to work is about 24 minutes. More than 12.4% of Hartford residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 5.2%, is lower than the state average.

The unemployment rate in Hartford is 14.4%, which is greater than Connecticut's average of 8.3%.

The percentage of Hartford residents that are affiliated with a religious congregation, 57.4%, is more than both the national and state average. Our Lady of Sorrows Church, All Saints Orthodox Church and Sacred Heart Church are all churches located in Hartford. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.

Hartford is home to the Albany Avenue Branch Hartford Public Library and the North Meadows Industrial Park as well as Little Hollywood Historic District and West End North Historic District. Shopping malls in the area include Park Plaza Shopping Center, Pavillion at State House Shopping Center and Civic Center Mall Shopping Center.