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Career and Education Opportunities for Economists in St. Louis, Missouri

Economists can find both educational opportunities and jobs in the St. Louis, Missouri area. The national trend for economists 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 $36 hourly or $75,100 annually on average in Missouri. In the U.S. as a whole, their income is about $40 hourly or $83,590 per year on average. Earnings for economists are better than earnings in the general category of Social Sciences in Missouri and better than general Social Sciences category earnings nationally. Economists work in a variety of jobs, including: economic consultant, forest economist, and fiscal economist.

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

Lindenwood University - Saint Charles, MO

Lindenwood University, 209 S Kingshighway, Saint Charles, MO 63301-1695. Lindenwood University is a large university located in Saint Charles, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,253 students and an admission rate of 40%. Lindenwood University has a master's degree program in Economics, Other Specialties.

McKendree University - Lebanon, IL

McKendree University, 701 College Rd, Lebanon, IL 62254-1291. McKendree University is a small university located in Lebanon, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,258 students and an admission rate of 65%. McKendree University has a bachelor's degree program in Economics which graduated six students in 2008.

Southern Illinois University Edwardsville - Edwardsville, IL

Southern Illinois University Edwardsville, Il State Rte 157, Edwardsville, IL 62026-1001. Southern Illinois University Edwardsville is a large university located in Edwardsville, Illinois. It is a public school with primarily 4-year or above programs. It has 13,602 students and an admission rate of 89%. Southern Illinois University Edwardsville has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree and master's degree which graduated nine and nineteen students respectively in 2008.
  • Business/Managerial Economics, bachelor's degree which graduated 25 students in 2008.

Principia College - Elsah, IL

Principia College, 1 Maybeck Place, Elsah, IL 62028-9799. Principia College is a small college located in Elsah, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 520 students and an admission rate of 84%. Principia College has a bachelor's degree program in Economics.

University of Missouri-St Louis - Saint Louis, MO

University of Missouri-St Louis, One University Boulevard, Saint Louis, MO 63121-4400. University of Missouri-St Louis is a large university located in Saint Louis, Missouri. It is a public school with primarily 4-year or above programs. It has 15,591 students and an admission rate of 46%. University of Missouri-St Louis has a bachelor's degree and a master's degree program in Economics which graduated twenty-four and eight students respectively in 2008.

Webster University - Saint Louis, MO

Webster University, 470 E Lockwood Ave., Saint Louis, MO 63119-3194. Webster University is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 18,237 students and an admission rate of 57%. Webster University has a bachelor's degree program in Economics which graduated one student in 2008.

Saint Louis University-Main Campus - Saint Louis, MO

Saint Louis University-Main Campus, 221 N Grand Blvd, Saint Louis, MO 63103-2097. Saint Louis University-Main Campus is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 15,975 students and an admission rate of 72%. Saint Louis University-Main Campus has a bachelor's degree program in Economics which graduated two students in 2008.

Washington University in St Louis - Saint Louis, MO

Washington University in St Louis, One Brookings Drive, Saint Louis, MO 63130-4899. Washington University in St Louis is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,946 students and an admission rate of 22%. Washington University in St Louis has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree, master's degree, and doctor's degree which graduated fifty-one, fifteen, and six students respectively in 2008.
  • Business/Managerial Economics, bachelor's degree which graduated 3 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: St. Louis, Missouri

St. Louis, Missouri
St. Louis, Missouri photo by Dschwen

St. Louis is located in St. Louis City County, Missouri. It has a population of over 354,361, which has grown by 1.8% over the last ten years. The cost of living index in St. Louis, 83, is well below the national average. New single-family homes in St. Louis are priced at $111,600 on average, which is far less than the state average. In 2008, one hundred fifty-seven new homes were built in St. Louis, down from two hundred sixty-one the previous year.

The top three industries for women in St. Louis are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and educational services. The average travel time to work is about 25 minutes. More than 19.1% of St. Louis residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.6%, is lower than the state average.

The unemployment rate in St. Louis is 10.9%, which is greater than Missouri's average of 8.9%.

Nativity of Our Lord Church, Church of the Good Shepard and Church of the Holy Communion are among the churches located in St. Louis.

St. Louis is home to the Terminal Railroad Association Building and the Memorial Home as well as Washington Park and Willmore Park. Shopping malls in the area include Hampton Village Shopping Center and Loughborough Shopping Center.