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Career and Education Opportunities for Economists in Wilmington, Delaware

For those living in the Wilmington, Delaware area, there are many career and education opportunities for economists. The national trend for economists sees this job pool growing by about 5.8% over the next eight years. Economists generally conduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services.

Economists earn approximately $35 per hour or $73,660 per year on average in Delaware. Nationally they average about $40 hourly or $83,590 per year. Earnings for economists are better than earnings in the general category of Social Sciences in Delaware and better than general Social Sciences category earnings nationally. Jobs in this field include: forest economist, industrial economist, and economic analysis director.

There are 109 schools of higher education in the Wilmington area, including twenty-one within twenty-five miles of Wilmington where you can get a degree to start your career 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 Wilmington 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.
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  • 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

Rutgers University-Camden - Camden, NJ

Rutgers University-Camden, 406 Penn, Camden, NJ 08102. Rutgers University-Camden is a medium sized university located in Camden, New Jersey. It is a public school with primarily 4-year or above programs. It has 5,398 students and an admission rate of 51%. Rutgers University-Camden has a bachelor's degree program in Economics which graduated thirty-nine students in 2008.

Eastern University - Saint Davids, PA

Eastern University, 1300 Eagle Rd, Saint Davids, PA 19087-3696. Eastern University is a small university located in Saint Davids, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,907 students and an admission rate of 62%. Eastern University has a master's degree program in International Economics which graduated nineteen students in 2008.

Temple University - Philadelphia, PA

Temple University, 1801 North Broad Street, Philadelphia, PA 19122-6096. Temple University is a large university located in Philadelphia, Pennsylvania. It is a public school with primarily 4-year or above programs. It has 35,343 students and an admission rate of 61%. Temple University has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated thirty-one, five, and three students respectively in 2008.

Bryn Mawr College - Bryn Mawr, PA

Bryn Mawr College, 101 N Merion Avenue, Bryn Mawr, PA 19010. Bryn Mawr College is a small college located in Bryn Mawr, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,758 students and an admission rate of 49%. Bryn Mawr College has a bachelor's degree program in Economics which graduated three students in 2008.

Rosemont College - Rosemont, PA

Rosemont College, 1400 Montgomery Ave, Rosemont, PA 19010-1699. Rosemont College is a small college located in Rosemont, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 871 students and an admission rate of 62%. Rosemont College has a bachelor's degree program in Economics.

Rowan University - Glassboro, NJ

Rowan University, 201 Mullica Hill Road, Glassboro, NJ 08028. Rowan University is a large university located in Glassboro, New Jersey. It is a public school with primarily 4-year or above programs. It has 10,271 students and an admission rate of 57%. Rowan University has a bachelor's degree program in Economics which graduated thirty-two students in 2008.

Haverford College - Haverford, PA

Haverford College, 370 Lancaster Ave, Haverford, PA 19041-1392. Haverford College is a small college located in Haverford, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,169 students and an admission rate of 27%. Haverford College has a bachelor's degree program in Economics which graduated two students in 2008.

Arcadia University - Glenside, PA

Arcadia University, 450 S Easton Rd, Glenside, PA 19038-3295. Arcadia University is a small university located in Glenside, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,872 students and an admission rate of 69%. Arcadia University has a bachelor's degree program in Business/Managerial Economics which graduated two students in 2008.

Holy Family University - Philadelphia, PA

Holy Family University, 9801 Frankford Avenue, Philadelphia, PA 19114-2009. Holy Family University is a small university located in Philadelphia, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,528 students and an admission rate of 72%. Holy Family University has a bachelor's degree program in Economics.

Immaculata University - Immaculata, PA

Immaculata University, 1145 King Rd, Immaculata, PA 19345-0702. Immaculata University is a small university located in Immaculata, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,855 students and an admission rate of 80%. Immaculata University has a bachelor's degree program in Economics.

Widener University-Main Campus - Chester, PA

Widener University-Main Campus, One University Place, Chester, PA 19013-5792. Widener University-Main Campus is a small university located in Chester, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,913 students and an admission rate of 66%. Widener University-Main Campus has a bachelor's degree program in Business/Managerial Economics which graduated five students in 2008.

Villanova University - Villanova, PA

Villanova University, 800 Lancaster Avenue, Villanova, PA 19085-1699. Villanova University is a large university located in Villanova, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,295 students and an admission rate of 39%. Villanova University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 4 students in 2008.
  • Business/Managerial Economics, bachelor's degree which graduated 30 students in 2008.

Drexel University - Philadelphia, PA

Drexel University, 3141 Chestnut St, Philadelphia, PA 19104. Drexel University is a large university located in Philadelphia, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 21,754 students and an admission rate of 68%. Drexel University has a bachelor's degree program in Business/Managerial Economics which graduated fifteen students in 2008.

La Salle University - Philadelphia, PA

La Salle University, 1900 W Olney Ave, Philadelphia, PA 19141-1199. La Salle University is a medium sized university located in Philadelphia, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,176 students and an admission rate of 68%. La Salle University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 1 student in 2008.
  • International Economics, bachelor's degree.

Washington College - Chestertown, MD

Washington College, 300 Washington Ave, Chestertown, MD 21620-1438. Washington College is a small college located in Chestertown, Maryland. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,402 students and an admission rate of 69%. Washington College has a bachelor's degree program in Economics which graduated twenty-one students in 2008.

University of Pennsylvania - Philadelphia, PA

University of Pennsylvania, 1 College Hall 34th and Spruce Sts, Philadelphia, PA 19104-6303. University of Pennsylvania is a large university located in Philadelphia, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 24,060 students and an admission rate of 17%. University of Pennsylvania has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated twenty-three, twenty, and nine students respectively in 2008.

University of Delaware - Newark, DE

University of Delaware, , Newark, DE 19716. University of Delaware is a large university located in Newark, Delaware. It is a public school with primarily 4-year or above programs. It has 20,500 students and an admission rate of 58%. University of Delaware has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated nine, twenty-three, and two students respectively in 2008.
  • Economics, Other Specialties, bachelor's degree which graduated 2 students in 2008.

West Chester University of Pennsylvania - West Chester, PA

West Chester University of Pennsylvania, University Avenue and High Street, West Chester, PA 19383. West Chester University of Pennsylvania is a large university located in West Chester, Pennsylvania. It is a public school with primarily 4-year or above programs. It has 13,619 students and an admission rate of 47%. West Chester University of Pennsylvania has a bachelor's degree program in Business/Managerial Economics which graduated one student in 2008.

Saint Joseph's University - Philadelphia, PA

Saint Joseph's University, 5600 City Avenue, Philadelphia, PA 19131-1395. Saint Joseph's University is a medium sized university located in Philadelphia, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,846 students and an admission rate of 86%. Saint Joseph's University has a bachelor's degree program in Economics which graduated one student in 2008.

Lincoln University of Pennsylvania - Lincoln University, PA

Lincoln University of Pennsylvania, 1570 Baltimore Pike, Lincoln University, PA 19352-0999. Lincoln University of Pennsylvania is a small university located in Lincoln University, Pennsylvania. It is a public school with primarily 4-year or above programs. It has 2,524 students and an admission rate of 35%. Lincoln University of Pennsylvania has a bachelor's degree program in Economics.

Swarthmore College - Swarthmore, PA

Swarthmore College, 500 College Ave, Swarthmore, PA 19081. Swarthmore College is a small college located in Swarthmore, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,490 students and an admission rate of 16%. Swarthmore College has a bachelor's degree program in Economics which graduated eight students in 2008.

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: Wilmington, Delaware

Wilmington, Delaware
Wilmington, Delaware photo by Malepheasant

Wilmington is located in New Castle County, Delaware. It has a population of over 72,592, which has shrunk by 0.1% in the past ten years. The cost of living index in Wilmington, 102, is above the national average. New single-family homes in Wilmington are valued at $58,400 on average, which is far less than the state average. In 2008, twenty-eight new homes were built in Wilmington, down from forty-seven the previous year.

The three most popular industries for women in Wilmington are finance and insurance, health care, and educational services. For men, it is finance and insurance, construction, and professional, scientific, and technical services. The average travel time to work is about 23 minutes. More than 21.4% of Wilmington residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 8.6%, is lower than the state average.

The unemployment rate in Wilmington is 13.3%, which is greater than Delaware's average of 8.5%.

The percentage of Wilmington residents that are affiliated with a religious congregation, 45.7%, is less than the national average but more than the state average. Saint Andrews Church, Sacred Heart Catholic Church and Beth Shalom Congregation are among the churches located in Wilmington. The largest religious groups are the Catholic Church, the United Methodist Church and the Presbyterian Church (USA).

Wilmington is home to the Interchange 3 and the The Rocks as well as Rodney Square and Cool Spring Park. Visitors to Wilmington can choose from Howard Johnson Restaurants, Riverview Motel and Hotel Du Pont for temporary stays in the area.