Career and Education Opportunities for Economists in Nashville-Davidson, Tennessee
Nashville-Davidson, Tennessee provides a wide variety of opportunities, both career and educational, 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.
Income for economists is about $34 hourly or $71,170 yearly on average in Tennessee. Nationally, their income is about $40 per hour or $83,590 yearly. Earnings for economists are better than earnings in the general category of Social Sciences in Tennessee and better than general Social Sciences category earnings nationally. People working as economists can fill a number of jobs, such as: economic consultant, revenue research analyst, and economic development specialist.
There are five schools within twenty-five miles of Nashville-Davidson where you can study to be an economist, among fifty schools of higher education total in the Nashville-Davidson area. The most common level of education 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
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 Nashville-Davidson include:
- 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
Lipscomb University - Nashville, TN
Lipscomb University, One University Park Drive, Nashville, TN 37204-3951. Lipscomb University is a small university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,054 students and an admission rate of 75%. Lipscomb University has a bachelor's degree program in Business/Managerial Economics which graduated two students in 2008.
Middle Tennessee State University - Murfreesboro, TN
Middle Tennessee State University, 1301 East Main Street, Murfreesboro, TN 37132. Middle Tennessee State University is a large university located in Murfreesboro, Tennessee. It is a public school with primarily 4-year or above programs. It has 23,872 students and an admission rate of 65%. Middle Tennessee State University has 2 areas of study related to Economist. They are:
- Economics, bachelor's degree, master's degree, and doctor's degree which graduated six, seven, and two students respectively in 2008.
- Business/Managerial Economics, bachelor's degree.
Belmont University - Nashville, TN
Belmont University, 1900 Belmont Blvd, Nashville, TN 37212-3757. Belmont University is a small university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,075 students and an admission rate of 63%. Belmont University has a bachelor's degree program in International Economics which graduated one student in 2008.
Tennessee State University - Nashville, TN
Tennessee State University, 3500 John Merritt Blvd, Nashville, TN 37209-1561. Tennessee State University is a medium sized university located in Nashville, Tennessee. It is a public school with primarily 4-year or above programs. It has 8,005 students and an admission rate of 46%. Tennessee State University has a bachelor's degree program in Business/Managerial Economics which graduated twelve students in 2008.
Vanderbilt University - Nashville, TN
Vanderbilt University, 2101 West End Avenue, Nashville, TN 37240. Vanderbilt University is a large university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,093 students and an admission rate of 25%. Vanderbilt University has 3 areas of study related to Economist. They are:
- Economics, bachelor's degree, master's degree, and doctor's degree which graduated twenty-nine, zero, and zero students respectively in 2008.
- Applied Economics, master's degree.
- Development Economics and International Development, master's degree.
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: Nashville-Davidson, Tennessee
Nashville-Davidson is located in Williamson County, Tennessee. It has a population of over 596,462, which has grown by 9.3% over the last ten years. The cost of living index in Nashville-Davidson, 86, is well below the national average. New single-family homes in Nashville-Davidson are priced at $196,100 on average, which is well above the state average. In 2008, 1,483 new homes were constructed in Nashville-Davidson, down from 3,070 the previous year.
The three big industries for women in Nashville-Davidson are health care, educational services, and accommodation and food services. For men, it is construction, health care, and professional, scientific, and technical services. The average travel time to work is about 23 minutes. More than 29.7% of Nashville-Davidson residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.0%, is higher than the state average.
The percentage of Nashville-Davidson residents that are affiliated with a religious congregation, 55.2%, is more than both the national and state average. The most common religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.