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Career and Education Opportunities for Economists in Killeen, Texas

Many educational and employment opportunities exist for economists in the Killeen, Texas area. About 620 people are currently employed as economists in Texas. By 2016, this is expected to grow 16% to 720 people employed. This is better than the nation as a whole, where employment opportunities for economists are expected to grow by about 5.8%. 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.

A person working as an economist can expect to earn about $33 hourly or $69,180 annually on average in Texas and about $40 hourly or $83,590 annually on average in the U.S. as a whole. Earnings for economists are better than earnings in the general category of Social Sciences in Texas and better than general Social Sciences category earnings nationally. Economists work in a variety of jobs, including: price economist, social economist, and international trade specialist.

There are six schools of higher education in the Killeen area, including two within twenty-five miles of Killeen where you can get a degree to start your career as an economist. Given that the most common education level 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 starting with 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 Killeen 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

University of Mary Hardin-Baylor - Belton, TX

University of Mary Hardin-Baylor, 900 College St, Belton, TX 76513-2599. University of Mary Hardin-Baylor is a small university located in Belton, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,701 students and an admission rate of 43%. University of Mary Hardin-Baylor has a bachelor's degree program in Business/Managerial Economics.

Southwestern University - Georgetown, TX

Southwestern University, 1001 University Ave, Georgetown, TX 78626. Southwestern University is a small university located in Georgetown, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,270 students and an admission rate of 65%. Southwestern 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: Killeen, Texas

Killeen, Texas
Killeen, Texas photo by Ed Schipul

Killeen is situated in Bell County, Texas. It has a population of over 116,934, which has grown by 34.5% over the last ten years. The cost of living index in Killeen, 80, is well below the national average. New single-family homes in Killeen are valued at $121,700 on average, which is far less than the state average. In 2008, eight hundred fifty-five new homes were built in Killeen, down from 1,278 the previous year.

The top three industries for women in Killeen are educational services, health care, and accommodation and food services. For men, it is public administration, construction, and accommodation and food services. The average commute to work is about 22 minutes. More than 15.7% of Killeen residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.4%, is lower than the state average.

The unemployment rate in Killeen is 7.4%, which is less than Texas's average of 8.1%.

The percentage of Killeen residents that are affiliated with a religious congregation, 47.9%, is less than both the national and state average. Abiding Savior Lutheran Church, Power House Church of God in Christ and Primera Iglesia Bautista Church are all churches located in Killeen. The most common religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.

Killeen is home to Long Branch Park and Long Branch Park. Visitors to Killeen can choose from Best Western Killeen, Comfort Inn and Best Value Inn & Suites for temporary stays in the area.