Postsecondary Economics Teachers: Salary, Job Description, How To Be One and More

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Postsecondary Economics Teachers jobs information
pros and cons of being a Postsecondary Economics Teacher

Postsecondary Economics Teachers

Other names for this job might include Adjunct Instructor, Adjunct Instructor in Economics, Agricultural Economics Professor, Agricultural Economics Teacher, Assistant Professor, Assistant Professor of Economics, Associate Professor, Associate Professor of Economics, Business Administration Program Chair, Business Instructor


  • $106980
    Salary
  • 83%
    Job satisfaction
  • Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

A



Economics Professors: Know It All In 1 Minute


In this career summary, you will find out what the job of An Economics Professor is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Postsecondary Economics Teachers teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

  • Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics.
  • Evaluate and grade students’ class work, assignments, and papers.
  • Prepare course materials such as syllabi, homework assignments, and handouts.
  • Compile, administer, and grade examinations, or assign this work to others.

Read more about what does An Economics Professor really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$106980 per year


Economics Professors with little to no experience tend to make between $45220 and $65170 while the more experienced ones make over $130180 per year.

Top 5 paying statesHourlyAnnual
MA$*$132820
MI$*$126730
NH$*$126370
NJ$*$125420
IL$*$120240

1 of the easiest ways to increase your salary as An Economics Professor is to move to a higher paying state like MA. Right now, the highest paying states for Economics Professors are MA, MI, NH, NJ and IL.

However a higher pay at MA doesn’t guarantee that you will make more because the living expenses at MA might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as An Economics Professor is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Economics Professors make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Doctoral Degree

We asked other Economics Professors what degree they had when they got the job and most of them said they had a PhD followed by Master’s degree.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Social Science Teacher Education
Economics, General
Applied Economics
Econometrics and Quantitative Economics
Development Economics and International Development

Another popular question from our readers is what makes An Economics Professor successful or would they be good in this career.

Well, we found that most successful Economics Professors have these 5 skillsets.

Reading Comprehension
Active Listening
Speaking
Instructing
Writing

In addition to that, 1 common characteristic among successful Economics Professors is they are good at Analytical Thinking. Here are the top 5 common characteristics.

Analytical Thinking
Integrity
Innovation
Dependability
Initiative
= Hot in-demand that most employers are looking for

Read more about what it really takes to become An Economics Professor and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose An Economics Professor as your career.

PROS
Suitable for people who likes to help and teach others
Suitable for people who values achievements and are resultsoriented
This career is perfect for people who love to work indoors.
One of the highest paid careers in the world
CONS
Not suitable for people who likes practical and handson work
It is very hard to get into this career. Extensive skill, knowledge, and experience is required for this career.
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
83%

Is this job meaningful
83%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Postsecondary Economics Teachers work More than 40 hours per week.

83% of Economics Professors said they were satisfied with their job and 83% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Helpers and The Thinkers


You can read more about these career personality types here.

People who are suitable for this job tends to like working with, communicating with, and teaching people. They like helping or providing service to others.

They also like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally.



How we can help

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Career type

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Teaching/Training
Science and Math

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Related to Postsecondary Economics Teachers Career Information

Postsecondary Economics Teachers job description, Postsecondary Economics Teachers salary, Postsecondary Economics Teachers information, what is the job of a Postsecondary Economics Teacher like, pros and cons about Postsecondary Economics Teachers, colleges and universities for Postsecondary Economics Teachers, is Economics Teachers, Postsecondary the right career for me, Hard careers to get into, careers in Education

Additional resources

http://www.bls.gov/OOH/education-training-and-library/postsecondary-teachers.htm
http://www.cgsnet.org/
https://www.acteonline.org/
http://www.teach.org/

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Postsecondary Economics Teachers
Written by: Stanley Tan
Economics Professors teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
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