What Does it Take to Be an Environmental Economist?
Job Description: Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques.
What Do Environmental Economists Do On a Daily Basis?
- Develop systems for collecting, analyzing, and interpreting environmental and economic data.
- Develop economic models, forecasts, or scenarios to predict future economic and environmental outcomes.
- Collect and analyze data to compare the environmental implications of economic policy or practice alternatives.
- Develop programs or policy recommendations to achieve environmental goals in cost-effective ways.
- Identify and recommend environmentally friendly business practices.
- Perform complex, dynamic, and integrated mathematical modeling of ecological, environmental, or economic systems.
What Every Environmental Economist Should Know
Below is a list of the skills most Environmental Economists say are important on the job.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
Types of Environmental Economist
- Agricultural Economist
- Principal Associate
- Resource Economist
- Principal Research Economist
- Natural Resource Economist
Is There Job Demand for Environmental Economists?
In the United States, there were 21,300 jobs for Environmental Economist in 2016. New jobs are being produced at a rate of 6.1% which is above the national average. The Bureau of Labor Statistics predicts 1,300 new jobs for Environmental Economist by 2026. There will be an estimated 1,600 positions for Environmental Economist per year.
The states with the most job growth for Environmental Economist are Alabama, Louisiana, and Washington. Watch out if you plan on working in Wyoming, West Virginia, or Vermont. These states have the worst job growth for this type of profession.
How Much Does an Environmental Economist Make?
The average yearly salary of an Environmental Economist ranges between $58,130 and $182,560.
Environmental Economists who work in District of Columbia, Virginia, or Maryland, make the highest salaries.
How much do Environmental Economists make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$134,260|
What Tools & Technology do Environmental Economists Use?
Below is a list of the types of tools and technologies that Environmental Economists may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- The MathWorks MATLAB
- Microsoft Visual Basic
- IBM SPSS Statistics
- StataCorp Stata
- Wolfram Research Mathematica
- Formula translation/translator FORTRAN
- Insightful S-PLUS
- ESRI ArcGIS software
- Aptech Systems GAUSS
How to Become an Environmental Economist
What education or degrees do I need to become an Environmental Economist?
How Long Does it Take to Become an Environmental Economist?
Where Environmental Economists Work
The table below shows some of the most common industries where those employed in this career field work.
More about our data sources and methodologies.