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41401 - Economists and Economic Policy Researchers and Analysts

Broad Occupation Category

4 - Occupations in education, law, and social, community, and government services.

TEER

1 - Occupations usually require a university degree.

Major Group

41 - Professional occupations in law, education, social, community and government services.

Sub-major Group

414 - Professional occupations in government services.

Minor Group

4140 - Policy and program researchers, consultants and officers.

Main Duties

Economists and Economic Policy Researchers and Analysts perform some or all of the following duties:

  • Conduct economic research and develop analytical and forecasting models
  • Analyze production, consumption, and market trends
  • Prepare forecasts for income, expenditures, interest rates, and exchange rates
  • Advise government agencies and organizations on economic and fiscal policies
  • Analyze labour market trends, wages, employment levels, and unemployment rates
  • Apply statistical techniques and econometric models to interpret economic data
  • Study financial systems, banking structures, and monetary policies
  • Evaluate the impact of fiscal and monetary policy decisions
  • Analyze corporate performance, productivity, and cost structures
  • Examine international trade patterns and global economic trends
  • Forecast resource supply and demand in energy and natural resource sectors
  • Conduct market research and pricing analysis
  • Monitor regional and national economic indicators
  • Support regulatory, legal, and policy decision-making processes

Employment Requirements

These are the typical employment requirements and benefits associated with this occupation in Canada:

  • Master’s degree in economics or a related discipline such as business administration, finance, or statistics is usually required.
  • Doctoral degree (PhD) may be required for senior research, academic, or policy advisory roles.
  • Strong quantitative, analytical, and econometric skills are essential.
  • Proficiency in statistical software and data analysis tools is often required.
  • Experience in economic modeling, forecasting, and policy analysis is highly valued.
  • Knowledge of financial systems, trade policies, and regulatory frameworks is important.
  • Excellent research, communication, and report-writing skills are required.
  • Foreign-trained professionals may require credential assessment for immigration purposes.

Economists Salary Prospects

Community/AreaCanada
Low ($/hour)29.96
Median ($/hour)47.24
High ($/hour)71.79
Community/AreaAlberta
Low ($/hour)38.46
Median ($/hour)49.04
High ($/hour)72.82
Community/AreaBritish Columbia
Low ($/hour)24.62
Median ($/hour)48.90
High ($/hour)56.40
Community/AreaNew Brunswick
Low ($/hour)30.00
Median ($/hour)41.21
High ($/hour)58.97
Community/AreaNewfoundland and Labrador
Low ($/hour)30.48
Median ($/hour)44.04
High ($/hour)53.07
Community/AreaNova Scotia
Low ($/hour)30.00
Median ($/hour)41.21
High ($/hour)58.97
Community/AreaNunavut
Low ($/hour)46.93
Median ($/hour)56.39
High ($/hour)67.22
Community/AreaOntario
Low ($/hour)30.67
Median ($/hour)46.15
High ($/hour)72.12
Community/AreaQuebec
Low ($/hour)20.00
Median ($/hour)50.52
High ($/hour)82.69
Community/AreaYukon Territory
Low ($/hour)37.82
Median ($/hour)43.69
High ($/hour)53.73

Want to know all the salary details? Visit our NOC page for 41401!

Build a Career in Economic Policy with GTR Immigration

Planning to immigrate to Canada under NOC 41401? GTR Immigration provides expert guidance on eligibility, Express Entry strategies, provincial nomination pathways, and career planning to help you succeed in Canada’s economic and policy sectors.