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Career and Education Opportunities for Economists in Columbia, Maryland

Columbia, Maryland provides a wide variety of opportunities, both career and educational, for economists. There are currently 310 jobs for economists in Maryland and this is projected to grow by 9% to about 340 jobs by 2016. This is better than the nation as a whole, where employment opportunities for economists are expected to grow by about 5.8%. 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.

The income of an economist is about $52 per hour or $109,930 per year on average in Maryland. In the U.S. as a whole, their income is about $40 per hour or $83,590 per year on average. Compared with people working in the overall category of Social Sciences, people working as economists in Maryland earn more. They earn more than people working in the overall category of Social Sciences nationally. People working as economists can fill a number of jobs, such as: research analyst, econometrician, and policy advisor.

The Columbia area is home to 109 schools of higher education, including twenty within twenty-five miles of Columbia where you can get a degree as an economist. Economists usually hold a Master's degree, so you can expect to spend about six years training to become 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 Columbia 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.
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  • 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

Howard University - Washington, DC

Howard University, 2400 Sixth St NW, Washington, DC 20059-0001. Howard University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,696 students and an admission rate of 49%. Howard University has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated thirteen, two, and six students respectively in 2008.

Marymount University - Arlington, VA

Marymount University, 2807 N Glebe Rd, Arlington, VA 22207-4299. Marymount University is a small university located in Arlington, Virginia. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,541 students and an admission rate of 84%. Marymount University has a bachelor's degree program in Economics which graduated four students in 2008.

United States Naval Academy - Annapolis, MD

United States Naval Academy, 121 Blake Road, Annapolis, MD 21402-5000. United States Naval Academy is a small school located in Annapolis, Maryland. It is a public school with primarily 4-year or above programs. It has 4,494 students and an admission rate of 14%. United States Naval Academy has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 94 students in 2008.
  • Econometrics and Quantitative Economics, bachelor's degree which graduated 35 students in 2008.

University of Maryland-Baltimore County - Baltimore, MD

University of Maryland-Baltimore County, 1000 Hilltop Circle, Baltimore, MD 21250. University of Maryland-Baltimore County is a large university located in Baltimore, Maryland. It is a public school with primarily 4-year or above programs. It has 12,268 students and an admission rate of 72%. University of Maryland-Baltimore County has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree and master's degree which graduated 134 and eight students respectively in 2008.
  • Business/Managerial Economics, two to four year which graduated 12 students in 2008.

Loyola College in Maryland - Baltimore, MD

Loyola College in Maryland, 4501 N Charles St, Baltimore, MD 21210-2699. Loyola College in Maryland is a medium sized college located in Baltimore, Maryland. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,080 students and an admission rate of 69%. Loyola College in Maryland has a bachelor's degree program in Economics which graduated twelve students in 2008.

University of the District of Columbia - Washington, DC

University of the District of Columbia, 4200 Connecticut Ave NW, Washington, DC 20008. University of the District of Columbia is a medium sized university located in Washington, District of Columbia. It is a public school with primarily 4-year or above programs and has 5,339 students. University of the District of Columbia has a bachelor's degree program in Economics which graduated seventeen students in 2008.

Georgetown University - Washington, DC

Georgetown University, 37th and O St NW, Washington, DC 20057. Georgetown University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 15,318 students and an admission rate of 19%. Georgetown University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated eighteen, twenty-three, and six students respectively in 2008.
  • International Economics, bachelor's degree which graduated 32 students in 2008.

George Mason University - Fairfax, VA

George Mason University, 4400 University Dr, Fairfax, VA 22030-4444. George Mason University is a large university located in Fairfax, Virginia. It is a public school with primarily 4-year or above programs. It has 30,800 students and an admission rate of 63%. George Mason University has bachelor's degree, postbaccalaureate certificate, master's degree, and doctor's degree programs in Economics which graduated eight, four, forty, and eighteen students respectively in 2008.

Towson University - Towson, MD

Towson University, 8000 York Rd, Towson, MD 21252-0001. Towson University is a large university located in Towson, Maryland. It is a public school with primarily 4-year or above programs. It has 21,111 students and an admission rate of 61%. Towson University has a bachelor's degree program in Economics which graduated fifty-five students in 2008.

George Washington University - Washington, DC

George Washington University, 2121 I Street, NW, Washington, DC 20052. George Washington University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 25,027 students and an admission rate of 37%. George Washington University has 3 areas of study related to Economist. They are:

  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated forty-two, twenty-five, and seven students respectively in 2008.
  • Development Economics and International Development, master's degree which graduated 22 students in 2008.
  • International Economics, postbaccalaureate certificate and master's degree which graduated one and twenty-three students respectively in 2008.

McDaniel College - Westminster, MD

McDaniel College, 2 College Hill, Westminster, MD 21157. McDaniel College is a small college located in Westminster, Maryland. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,896 students and an admission rate of 77%. McDaniel College has a bachelor's degree program in Economics which graduated two students in 2008.

Johns Hopkins University - Baltimore, MD

Johns Hopkins University, 3400 N Charles St, Mason Hall, Baltimore, MD 21218-2688. Johns Hopkins University is a large university located in Baltimore, Maryland. It is a private not-for-profit school with primarily 4-year or above programs. It has 20,049 students and an admission rate of 26%. Johns Hopkins University has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated sixteen, eighty-five, and eleven students respectively in 2008.

Catholic University of America - Washington, DC

Catholic University of America, 620 Michigan Avenue, NE, Washington, DC 20064. Catholic University of America is a medium sized university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,705 students and an admission rate of 81%. Catholic University of America has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 4 students in 2008.
  • International Economics, master's degree which graduated 1 student in 2008.

University of Maryland-College Park - College Park, MD

University of Maryland-College Park, , College Park, MD 20742. University of Maryland-College Park is a large university located in College Park, Maryland. It is a public school with primarily 4-year or above programs. It has 37,000 students and an admission rate of 39%. University of Maryland-College Park 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, eight, and ten students respectively in 2008.
  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated thirty-nine, fifteen, and twenty-six students respectively in 2008.

American University - Washington, DC

American University, 4400 Massachusetts Ave NW, Washington, DC 20016-8001. American University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,684 students and an admission rate of 53%. American University has 4 areas of study related to Economist. They are:

  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated nineteen, twenty-two, and nine students respectively in 2008.
  • Applied Economics, postbaccalaureate certificate.
  • International Economics, less than one year and postbaccalaureate certificate which graduated zero and one students respectively in 2008.
  • Economics, Other Specialties, postbaccalaureate certificate.

Trinity Washington University - Washington, DC

Trinity Washington University, 125 Michigan Ave NE, Washington, DC 20017-1094. Trinity Washington University is a small university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,734 students and an admission rate of 74%. Trinity Washington University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 1 student in 2008.
  • Business/Managerial Economics, bachelor's degree and master's degree.

Gallaudet University - Washington, DC

Gallaudet University, 800 Florida Ave, NE, Washington, DC 20002-3695. Gallaudet University is a small university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,389 students and an admission rate of 64%. Gallaudet University has a bachelor's degree program in Business/Managerial Economics.

Strayer University - Washington, DC

Strayer University, 1133 15th St NW, Washington, DC 20005. Strayer University is a large university located in Washington, District of Columbia. It is a private for-profit school with primarily 4-year or above programs and has 41,565 students. Strayer University has an associate's degree and a bachelor's degree program in Economics which graduated four and twenty students respectively in 2008.

Morgan State University - Baltimore, MD

Morgan State University, 1700 East Cold Spring Lane, Baltimore, MD 21251-0001. Morgan State University is a medium sized university located in Baltimore, Maryland. It is a public school with primarily 4-year or above programs. It has 7,554 students and an admission rate of 34%. Morgan State University has a bachelor's degree program in Economics which graduated four students in 2008.

Goucher College - Baltimore, MD

Goucher College, 1021 Dulaney Valley Rd, Baltimore, MD 21204-2794. Goucher College is a small college located in Baltimore, Maryland. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,321 students and an admission rate of 66%. Goucher College has a bachelor's degree program in Economics which graduated two 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: Columbia, Maryland

Columbia, Maryland
Columbia, Maryland photo by Jeff Kubina

Columbia is located in Howard County, Maryland. It has a population of over 96,421. The cost of living index in Columbia, 100, is near the national average.

The three most popular industries for women in Columbia are educational services, health care, and professional, scientific, and technical services. For men, it is professional, scientific, and technical services, public administration, and educational services. The average travel time to work is about 30 minutes. More than 59.0% of Columbia residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 28.7%, is higher than the state average.

The percentage of Columbia residents that are affiliated with a religious congregation, 49.3%, is less than the national average but more than the state average. Abiding Savior Lutheran Church, Atholton Seventh Day Adventist Church and Long Reach Interfaith Center are all churches located in Columbia. The most prominent religious groups are the Catholic Church, the United Methodist Church and the Southern Baptist Convention.

Columbia is home to the Symphony Woods Office Center and the Rivers Corporate Park as well as Middle Patuxent Environmental Area and Clarksville Environmental Area. Shopping centers in the area include Governor Century Plaza Shopping Center, Atholton Shopping Center and Owen Brown Village Shopping Center. Visitors to Columbia can choose from PFMG, Courtyard by Marriott and Hilton Inn Columbia for temporary stays in the area.