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Career and Education Opportunities for Economists in Cambridge, Massachusetts

Economists can find many career and educational opportunities in the Cambridge, Massachusetts area. There are currently 920 jobs for economists in Massachusetts and this is projected to grow 10% to about 1,010 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.

Income for economists is about $31 hourly or $65,490 per year on average in Massachusetts. Nationally, their income is about $40 hourly or $83,590 yearly. Economists earn more than people working in the category of Social Sciences generally in Massachusetts and more than people in the Social Sciences category nationally. People working as economists can fill a number of jobs, such as: forest economist, health researcher, and economic development specialist.

The Cambridge area is home to 149 schools of higher education, including twenty-seven within twenty-five miles of Cambridge where you can get a degree as an economist. The most common level of education for economists is a Master's degree. 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 Cambridge 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

Bentley University - Waltham, MA

Bentley University, 175 Forest St, Waltham, MA 02452-4705. Bentley University is a medium sized university located in Waltham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,675 students and an admission rate of 38%. Bentley University has a bachelor's degree and a master's degree program in Business/Managerial Economics which graduated twenty-seven and one students respectively in 2008.

Harvard University - Cambridge, MA

Harvard University, Massachusetts Hall, Cambridge, MA 02138. Harvard University is a large university located in Cambridge, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 22,800 students and an admission rate of 8%. Harvard University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated ten, twenty-six, and twenty-six students respectively in 2008.
  • Business/Managerial Economics, master's degree and doctor's degree which graduated seven and three students respectively in 2008.

Worcester State College - Worcester, MA

Worcester State College, 486 Chandler St, Worcester, MA 01602-2597. Worcester State College is a medium sized college located in Worcester, Massachusetts. It is a public school with primarily 4-year or above programs. It has 5,378 students and an admission rate of 54%. Worcester State College has a bachelor's degree program in Economics which graduated two students in 2008.

Brandeis University - Waltham, MA

Brandeis University, 415 South St, Waltham, MA 02454-9110. Brandeis University is a medium sized university located in Waltham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,347 students and an admission rate of 34%. Brandeis University has 3 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 26 students in 2008.
  • Development Economics and International Development, master's degree which graduated 73 students in 2008.
  • International Economics, master's degree and doctor's degree which graduated ninety-eight and five students respectively in 2008.

Wellesley College - Wellesley, MA

Wellesley College, 106 Central St, Wellesley, MA 02481-8203. Wellesley College is a small college located in Wellesley, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,344 students and an admission rate of 36%. Wellesley College has a bachelor's degree program in Economics which graduated nineteen students in 2008.

Massachusetts Institute of Technology - Cambridge, MA

Massachusetts Institute of Technology, 77 Massachusetts Avenue, Cambridge, MA 02139-4307. Massachusetts Institute of Technology is a large school located in Cambridge, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,299 students and an admission rate of 12%. Massachusetts Institute of Technology has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated thirty-five, two, and nineteen students respectively in 2008.

Emmanuel College - Boston, MA

Emmanuel College, 400 the Fenway, Boston, MA 02115. Emmanuel College is a small college located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,286 students and an admission rate of 56%. Emmanuel College has a bachelor's degree program in Business/Managerial Economics.

Regis College - Weston, MA

Regis College, 235 Wellesley St, Weston, MA 02493-1571. Regis College is a small college located in Weston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,599 students and an admission rate of 75%. Regis College has a bachelor's degree program in Economics.

Gordon College - Wenham, MA

Gordon College, 255 Grapevine Rd, Wenham, MA 01984. Gordon College is a small college located in Wenham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,700 students and an admission rate of 71%. Gordon College has a bachelor's degree program in Economics which graduated three students in 2008.

Salem State College - Salem, MA

Salem State College, 352 Lafayette St, Salem, MA 01970. Salem State College is a large college located in Salem, Massachusetts. It is a public school with primarily 4-year or above programs. It has 10,168 students and an admission rate of 58%. Salem State College has a bachelor's degree program in Economics which graduated four students in 2008.

Boston College - Chestnut Hill, MA

Boston College, 140 Commonwealth Ave, Chestnut Hill, MA 02467. Boston College is a large college located in Chestnut Hill, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,623 students and an admission rate of 26%. Boston College has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated forty-seven, sixteen, and eleven students respectively in 2008.

Northeastern University - Boston, MA

Northeastern University, 360 Huntington Ave, Boston, MA 02115-5000. Northeastern University is a large university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 25,368 students and an admission rate of 35%. Northeastern University has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated zero, eleven, and zero students respectively in 2008.

Merrimack College - North Andover, MA

Merrimack College, 315 Turnpike St, North Andover, MA 01845. Merrimack College is a small college located in North Andover, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,154 students and an admission rate of 79%. Merrimack College has a bachelor's degree program in Economics which graduated two students in 2008.

Suffolk University - Boston, MA

Suffolk University, 8 Ashburton Pl Beacon Hill, Boston, MA 02108-2770. Suffolk University is a medium sized university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,783 students and an admission rate of 82%. Suffolk University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree and master's degree which graduated one and three students respectively in 2008.
  • International Economics, bachelor's degree and master's degree which graduated zero and five students respectively in 2008.

Fitchburg State College - Fitchburg, MA

Fitchburg State College, 160 Pearl St, Fitchburg, MA 01420-2697. Fitchburg State College is a medium sized college located in Fitchburg, Massachusetts. It is a public school with primarily 4-year or above programs. It has 6,400 students and an admission rate of 66%. Fitchburg State College has a bachelor's degree program in Economics.

Assumption College - Worcester, MA

Assumption College, 500 Salisbury St, Worcester, MA 01609-1296. Assumption College is a small college located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,888 students and an admission rate of 71%. Assumption College has 3 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 2 students in 2008.
  • International Economics, bachelor's degree.
  • Economics, Other Specialties, bachelor's degree which graduated 2 students in 2008.

Tufts University - Medford, MA

Tufts University, , Medford, MA 02155-5555. Tufts University is a large university located in Medford, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 9,821 students and an admission rate of 25%. Tufts University has a bachelor's degree and a master's degree program in Economics which graduated thirty-nine and fourteen students respectively in 2008.

Clark University - Worcester, MA

Clark University, 950 Main St, Worcester, MA 01610-1477. Clark University is a small university located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,330 students and an admission rate of 56%. Clark University has bachelor's degree, master's degree, and doctor's degree programs in Economics which graduated three, five, and two students respectively in 2008.

Nichols College - Dudley, MA

Nichols College, Center Rd, Dudley, MA 01571-5000. Nichols College is a small college located in Dudley, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,520 students and an admission rate of 65%. Nichols College has a bachelor's degree program in Business/Managerial Economics which graduated two students in 2008.

Worcester Polytechnic Institute - Worcester, MA

Worcester Polytechnic Institute, 100 Institute Road, Worcester, MA 01609-2280. Worcester Polytechnic Institute is a small school located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,469 students and an admission rate of 67%. Worcester Polytechnic Institute has a bachelor's degree program in Economics which graduated one student in 2008.

Simmons College - Boston, MA

Simmons College, 300 The Fenway, Boston, MA 02115-5898. Simmons College is a small college located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,933 students and an admission rate of 55%. Simmons College has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 7 students in 2008.
  • Business/Managerial Economics, bachelor's degree.

Stonehill College - Easton, MA

Stonehill College, 320 Washington Street, Easton, MA 02357-6110. Stonehill College is a small college located in Easton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,426 students and an admission rate of 45%. Stonehill College has a bachelor's degree program in Economics which graduated one student in 2008.

Framingham State College - Framingham, MA

Framingham State College, 100 State Street, Framingham, MA 01701-9101. Framingham State College is a medium sized college located in Framingham, Massachusetts. It is a public school with primarily 4-year or above programs. It has 5,603 students and an admission rate of 56%. Framingham State College has a bachelor's degree program in Economics which graduated eight students in 2008.

College of the Holy Cross - Worcester, MA

College of the Holy Cross, One College Street, Worcester, MA 01610-2395. College of the Holy Cross is a small college located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,898 students and an admission rate of 34%. College of the Holy Cross has a bachelor's degree program in Economics which graduated seven students in 2008.

University of Massachusetts-Boston - Boston, MA

University of Massachusetts-Boston, 100 Morrissey Blvd, Boston, MA 02125-3393. University of Massachusetts-Boston is a large university located in Boston, Massachusetts. It is a public school with primarily 4-year or above programs. It has 14,117 students and an admission rate of 63%. University of Massachusetts-Boston has a bachelor's degree program in Economics which graduated five students in 2008.

University of Massachusetts-Lowell - Lowell, MA

University of Massachusetts-Lowell, 1 University Ave, Lowell, MA 01854-5104. University of Massachusetts-Lowell is a large university located in Lowell, Massachusetts. It is a public school with primarily 4-year or above programs. It has 11,931 students and an admission rate of 71%. University of Massachusetts-Lowell has a bachelor's degree program in Economics.

Boston University - Boston, MA

Boston University, One Silber Way, Boston, MA 02215. Boston University is a large university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 31,669 students and an admission rate of 59%. Boston University has 3 areas of study related to Economist. They are:

  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated 192, seventy-four, and thirty-one students respectively in 2008.
  • Development Economics and International Development, master's degree which graduated 2 students in 2008.
  • Economics, Other Specialties, master's degree which graduated 6 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: Cambridge, Massachusetts

Cambridge, Massachusetts
Cambridge, Massachusetts photo by Scs

Cambridge is located in Middlesex County, Massachusetts. It has a population of over 105,596, which has grown by 4.2% in the past ten years. The cost of living index in Cambridge, 142, is far greater than the national average. New single-family homes in Cambridge are priced at $1,078,700 on average, which is far greater than the state average. In 2008, twelve new homes were constructed in Cambridge, down from twenty-five the previous year.

The top three industries for women in Cambridge are educational services, professional, scientific, and technical services, and health care. For men, it is educational services, professional, scientific, and technical services, and health care. The average travel time to work is about 24 minutes. More than 65.1% of Cambridge residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 38.5%, is higher than the state average.

The unemployment rate in Cambridge is 5.6%, which is less than Massachusetts's average of 8.4%.

The percentage of Cambridge residents that are affiliated with a religious congregation, 73.6%, is more than both the national and state average. Western Avenue Baptist Church, Massachusetts Institute of Technology Chapel and Cambridgeport Baptist Church are some of the churches located in Cambridge. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.

Cambridge is home to the Great Court and the Cutter Square as well as John A Ahern Field and Sheridan Square. Shopping malls in the area include Porter Square Shopping Center, The Atrium Shopping Center and Cambridgeside Galleria Shopping Center.