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Working as an Economist

Industry Overview

Approximately 1,500 people are employed as economists and economic policy researchers in BC. Job prospects are expected to be limited from 2022-2024. The majority of jobs are in Metro Vancouver and Victoria.  

Job Outlook in BC

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Expected job openings, forecasted job openings & employment growth rate, composition of job openings

Chart from WorkBC

You can learn more about economists in BC from:

Types of Employers

Economists are employed by:

  • government departments and agencies
  • industry associations and trade unions
  • research organizations
  • banks and investment firms

Salary & Working Hours

The median annual salary for economists in BC is $85,572. Your level of education, the industry you work in, and location all affect your salary. For example, people with a master’s degree or PhD earn more than those with a bachelor’s degree.

Most full-time economists receive benefits as well as a salary. These often include dental coverage and life insurance. Paid sick leave and vacation time are also common. Some employers help with a retirement plan. Those who work in the private sector may also get yearly bonuses.

Sources: WorkBC and Career Cruising

In BC’s regions, you can expect to earn:

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low, median & high hourly wages in BC regions for economists

Source: Job Bank Canada Wages

Working Hours

Most economists work 7-8 hours per day, 5 days per week, although deadlines for reports and presentations often require evening or weekend work.