Based on data from the US Bureau of Labor Statistics, on average, Postsecondary Mathematical Science Teachers make $87,980 annually, while Economists make $120,830 per year. As a result, Economists earn a salary that is significantly higher than Postsecondary Mathematical Science Teachers.
Nevertheless, it's worth noting that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. In particular, Economists in New York may have higher earnings (averaging $152,810 per year) compared to those in Arkansas ($68,130).
Postsecondary Mathematical Science Teachers vs Economists overview
Postsecondary Mathematical Science Teachers and Economists are crucial to the Educational Services and Federal, State, and Local Government industries respectively. People are often interested in learning about the distinctions between these job titles, including the average earnings for each of them.
Postsecondary Mathematical Science Teacher job description
Alternative names: Mathematical Science Teachers, Postsecondary
Postsecondary Mathematical Science Teachers teach courses pertaining to mathematical concepts, statistics, and actuarial science and to the application of original and standardized mathematical techniques in solving specific problems and situations. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Postsecondary Mathematical Science Teacher education and experience
Of Postsecondary Mathematical Science Teachers, 43% have completed a Master's Degree, 37% have a Doctoral Degree, and 10% hold a Post-Doctoral Training. When it comes to experience, about a third of Postsecondary Mathematical Science Teacher jobs require a 2 to 4 years of work-related experience. A smaller percentage of jobs (15%) require a previous experience of 6 months to 1 year.
Postsecondary Mathematical Science Teacher average salary
Based on data from the US Bureau of Labor Statistics, 44,140 Postsecondary Mathematical Science Teachers were employed by the United States in 2021, and their average annual salary was $87,980. The lowest earning 10 percent made $45,280 or less, and the highest earning 10 percent made $155,350 or more per year. Compared to the previous year, the average salary is up by 1.4%.
Do Postsecondary Mathematical Science Teachers make good money?
Postsecondary Mathematical Science Teachers usually receive good salaries, as their average salary is about a half higher than the average wage in the United States ($58,260). Furthermore, they earn 43% more than the average wage of the Educational Services industry ($61,620).
Postsecondary Mathematical Science Teachers usually receive good salaries, as their average salary is about a half higher than the average wage in the United States ($58,260).
Postsecondary Mathematical Science Teachers job growth
There has been a decrease in the employment of Postsecondary Mathematical Science Teachers in the last two years. In 2021, there have been 5,410 less positions than the previous year nationwide, which marks a decrease of 10.9%. Job growth has averaged -4.7% for the last 3 years.
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%) hold a Doctoral Degree. However this occupation also includes some employees who have a Master's Degree (30%). In terms of experience, most of the Economist jobs require no previous experience. A smaller part 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 generally earn good salaries, as their average salary is 107% higher than the average salary in the United States ($58,260). Additionally, they earn 78% more than the average pay of the Federal, State, and Local Government industry ($67,800).
Economists generally earn good salaries, as their average salary is 107% higher than the average salary in the United States ($58,260).
Economists job growth
Economists have seen a decrease in employment over the past two years. In 2021, there have been 1,880 less roles than the previous year nationwide, which marks a decrease of 10.7%. Over the past 3 years, job growth has averaged -5.5%.
FAQ
Do Postsecondary Mathematical Science Teachers or Economists make more?
Economists earn 37% more than Postsecondary Mathematical Science Teachers. The average annual pay for Postsecondary Mathematical Science Teachers is $87,980, compared to $120,830 for Economists.
How long does it take to become a Postsecondary Mathematical Science Teacher vs Economist?
Postsecondary Mathematical Science Teachers typically need a Master's Degree. A Master's Degree itself usually takes between 2 years and 3 years to obtain. And, given that a Bachelor's Degree is a prerequisite, it could take around 7 years to complete the full educational process. On the other hand, Economists typically need a Doctoral Degree. A Doctoral Degree itself usually takes between 4 years and 6 years to obtain. And, given that a Master's Degree is a prerequisite, it could take around 13 years to complete the full educational process.
Is it harder to become a Postsecondary Mathematical Science Teacher vs Economist?
It is more difficult to become an Economist than a Postsecondary Mathematical Science Teacher, since it takes 6 more years of education.