Business Operations Specialists vs Economists salary

According to data from the US Bureau of Labor Statistics, the average salary for Business Operations Specialists is $79,240 per year, while Economists earn an average of $120,830 annually. This shows that Business Operations Specialists earn a much lower salary than Economists.

Keep in mind, however, that factors such as location, experience, and the specific workplace can affect salary. For instance, Business Operations Specialists in Washington DC may have higher earnings (averaging $105,020 per annum) compared to those in Wisconsin ($59,810). As another example, the average income of Economists in New York is 124% higher compared to those in Arkansas.

Business Operations Specialists vs Economists overview

Business Operations Specialists and Economists are two important roles in the Federal, State, and Local Government industry. Many people are interested in understanding the differences between these jobs, as well as the average salaries for each.

Business Operations Specialist job description

Alternative names: Business Operations Specialists, All Other

Business Operations Specialists all business operations specialists not listed separately.

Business Operations Specialist average salary

According to data from the US Bureau of Labor Statistics, the number of Business Operations Specialists employed by the United States in 2021 was 1.03M, and they earned an average of $79,240 per year. The bottom 10 percent had a salary of $38,050 or less, and the top 10 percent had a salary of $128,030 or more.

Do Business Operations Specialists make good money?

Business Operations Specialists are usually paid well, as their average salary is 36% higher than the average wage in the United States ($58,260). Moreover, they earn 17% more than the average wage of the Federal, State, and Local Government industry ($67,800).

Business Operations Specialists are usually paid well, as their average salary is 36% higher than the average wage in the United States ($58,260).

Economist job description

Economists conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Economist education and experience

The majority of Economists (61%) have obtained a Doctoral Degree. However, among employees in this occupation, there are also some with a Master's Degree (30%). Regarding experience, more than half of Economist jobs require no previous experience. A smaller percentage of jobs (17%) require a previous experience of 1 to 2 years.

Economist average salary

The US Bureau of Labor Statistics has reported that in 2021, there were 15,640 Economists working in the United States, and on average, they earned $120,830 per year. The bottom 10 percent earned $62,460 or less, and the top 10 percent earned $193,690 or more.

Do Economists make good money?

Economists usually receive good salaries, as their average salary is 107% higher than the average wage in the United States ($58,260). Additionally, they earn 78% more than the average wage of the Federal, State, and Local Government industry ($67,800).

Economists usually receive good salaries, as their average salary is 107% higher than the average wage in the United States ($58,260).

Economists job growth

The number of Economists being employed has declined over the past two years. In 2021, there have been 1,880 less positions than the previous year nationwide, which marks a decrease of 10.7%. The average job growth over the past 3 years has been -5.5%.

FAQ

Do Business Operations Specialists or Economists make more?

Economists make about a half more than Business Operations Specialists. The average annual salary for Business Operations Specialists is $79,240, compared to $120,830 for Economists.