Postsecondary Economics Teachers: Salary, Job Description, How To Become One, and Quiz

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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.
  • Prepare course materials, such as syllabi, homework assignments, and handouts.
  • Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media.
  • Keep abreast of developments in the field by reading current literature, talking with colleagues, and participating in professional conferences.
Read more about what does a Postsecondary Economics Teacher really do at work and what is it like being and working as one.



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Salary

Average salary
$117180 per year


Economics Professors with little to no experience tend to make between $51070 and $72430 while the more experienced ones can earn over $141690 per year.

Top 5 paying statesHourlyAnnual
NH$-$161,830
RI$-$156,620
CA$-$139,050
IA$-$133,600
PA$-$131,060

One of the easiest ways to increase your salary as a Postsecondary Economics Teacher is to move to a higher paying state like NH. Right now, the highest paying states for Economics Professors are NH, RI, CA, IA and PA.

However, a higher pay at NH doesn’t guarantee that you will make more because the living expenses at NH might be twice as high than where you are currently at now.

Three other factors that can increase your salary as a Postsecondary Economics Teacher is the degree you hold, the industry you work in, and lastly the company you work for.


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 a Post-Master’s Certificate.

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
Read more about how to become a Postsecondary Economics Teacher and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Postsecondary Economics Teacher.

PROS
Suitable for people who likes to help and teach others
Suitable for people who values achievements and are results-oriented
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 hands-on 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)

What is the job like

Job satisfaction
83%

Is this job meaningful
83%


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.




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Related career information

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