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Career and Education Opportunities for Economists in Greensboro, North Carolina

Economist career and educational opportunities abound in Greensboro, North Carolina. Currently, 340 people work as economists in North Carolina. This is expected to grow 15% to about 390 people by 2016. This is better than 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.

Income for economists is about $34 hourly or $72,520 per year on average in North Carolina. Nationally, their income is about $40 per hour or $83,590 per year. Compared with people working in the overall category of Social Sciences, people working as economists in North Carolina 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: social economist, price economist, and economic development specialist.

There are thirty schools of higher education in the Greensboro area, including nine within twenty-five miles of Greensboro where you can get a degree to start your career 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 Greensboro include:

  • 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.

EDUCATIONAL OPPORTUNITIES: Economist Training

Greensboro College - Greensboro, NC

Greensboro College, 815 W Market St, Greensboro, NC 27401-1875. Greensboro College is a small college located in Greensboro, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,310 students and an admission rate of 64%. Greensboro College has a bachelor's degree program in Business/Managerial Economics which graduated thirty-nine students in 2008.

Wake Forest University - Winston Salem, NC

Wake Forest University, 1834 Wake Forest Road, Winston Salem, NC 27106. Wake Forest University is a medium sized university located in Winston Salem, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,862 students and an admission rate of 38%. Wake Forest University has 2 areas of study related to Economist. They are:

  • Economics, bachelor's degree which graduated 15 students in 2008.
  • Econometrics and Quantitative Economics, bachelor's degree which graduated 16 students in 2008.

High Point University - High Point, NC

High Point University, 833 Montlieu Ave, High Point, NC 27262-3598. High Point University is a small university located in High Point, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,384 students and an admission rate of 74%. High Point University has a bachelor's degree and a master's degree program in Business/Managerial Economics which graduated 111 and twenty-six students respectively in 2008.

University of North Carolina at Greensboro - Greensboro, NC

University of North Carolina at Greensboro, 1000 Spring Garden St, Greensboro, NC 27402-6170. University of North Carolina at Greensboro is a large university located in Greensboro, North Carolina. It is a public school with primarily 4-year or above programs. It has 19,768 students and an admission rate of 71%. University of North Carolina at Greensboro 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, master's degree, and doctor's degree which graduated seven, eighteen, and zero students respectively in 2008.

Elon University - Elon, NC

Elon University, 100 Campus Drive, Elon, NC 27244-2010. Elon University is a medium sized university located in Elon, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,628 students and an admission rate of 42%. Elon University has a bachelor's degree program in Economics which graduated four students in 2008.

Guilford College - Greensboro, NC

Guilford College, 5800 W Friendly Ave, Greensboro, NC 27410-4108. Guilford College is a small college located in Greensboro, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,641 students and an admission rate of 60%. Guilford College has a bachelor's degree program in Economics which graduated one student in 2008.

Salem College - Winston Salem, NC

Salem College, 601 S Church St, Winston Salem, NC 27101. Salem College is a small college located in Winston Salem, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 960 students and an admission rate of 59%. Salem College has a bachelor's degree program in Economics which graduated one student in 2008.

North Carolina A & T State University - Greensboro, NC

North Carolina A & T State University, 1601 E Market St, Greensboro, NC 27411. North Carolina A & T State University is a large university located in Greensboro, North Carolina. It is a public school with primarily 4-year or above programs. It has 10,148 students and an admission rate of 56%. North Carolina A & T State University has 2 areas of study related to Economist. They are:

  • Agricultural Economics, bachelor's degree and master's degree which graduated four and five students respectively in 2008.
  • Economics, bachelor's degree which graduated 5 students in 2008.

Winston-Salem State University - Winston-Salem, NC

Winston-Salem State University, 601 Martin Luther King Jr Dr, Winston-Salem, NC 27110-0001. Winston-Salem State University is a medium sized university located in Winston-Salem, North Carolina. It is a public school with primarily 4-year or above programs. It has 6,444 students and an admission rate of 68%. Winston-Salem State University 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: Greensboro, North Carolina

Greensboro, North Carolina
Greensboro, North Carolina photo by Yassie

Greensboro is situated in Guilford County, North Carolina. It has a population of over 250,642, which has grown by 11.9% over the last ten years. The cost of living index in Greensboro, 84, is well below the national average. New single-family homes in Greensboro are priced at $140,500 on average, which is well below the state average. In 2008, seven hundred fifty-three new homes were built in Greensboro, down from 1,516 the previous year.

The top three industries for women in Greensboro are educational services, health care, and finance and insurance. For men, it is construction, accommodation and food services, and educational services. The average travel time to work is about 20 minutes. More than 33.9% of Greensboro residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.8%, is higher than the state average.

The unemployment rate in Greensboro is 10.5%, which is less than North Carolina's average of 10.6%.

The percentage of Greensboro residents that are affiliated with a religious congregation, 46.7%, is less than the national average but more than the state average. Muirs Chapel, Mount Tabor Church and Bass Chapel are all churches located in Greensboro. The most common religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.

Greensboro is home to the Holden Plaza and the English Market as well as Shannon Woods Park and Lake Daniel Park. Shopping centers in the area include Greenbriar Mall, Golden Gate Shopping Center and Carolina Circle Shopping Mall. Visitors to Greensboro can choose from Greensboro Days Inn, Execustay by Marriot and Biltmore Hotel for temporary stays in the area.