What are the highest paying jobs in economics?

Financial Advisors

Financial advisors work

with individuals and

businesses to assist with

investment decisions. They

study how stocks,

commodities, bonds and

other types of investments

perform in the

marketplace. Common

places of employment for

financial advisors include

banks, insurance

companies, business

media, mutual and pension

funds, and securities firms.

The requirements for this

career are a bachelor's or

master's degree in

economics. The highest 10

percent of financial

advisors earned more than

$141,000 a year, according

to the BLS.

Portfolio Managers

Portfolio managers have

many similarities to

financial advisors, but tend

to work for portfolio

management firms, rather

than as sole practitioners.

Portfolio managers are

often promoted to analysts

within portfolio

management teams. The

duties of portfolio

managers consist of taking

on the responsibility for

the mix of products in

clients' portfolios. They

have the last say about

what will be included in

the final portfolios. The

BLS reports that the

median hourly wage of

portfolio managers was

$66.39.

Management Analysts

Management analysts, also

referred to as management

consultants, work with

businesses to help them

maintain their financial

competitiveness. The

duties of this position

include advisement on how

organizations can improve

their structure, efficiency

and profits. Management

analysts can work by

themselves or as part of

large organizations that

employ many other

consultants. While it is

possible to enter this

career with a bachelor's

degree, a master's degree

is preferred. The highest

10 percent of financial

advisors earned more than

$133,850 a year, according

to the BLS.

Actuaries

The training requirements

for actuaries include a

bachelor's degree in

economics or other related

field and the completion of

a series of examinations,

the programs for which

often take four to eight

years to complete.

Actuaries analyze risks for

businesses and then help

create policies to reduce

the cost of the risks.

Common job placement for

actuaries is within

insurance companies,

although many businesses

utilize their skills. The BLS

reports the median annual

salary of actuaries was

$84,810 in May 2008.

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