Doctorates and PhDs in Economic Development
If a career as a community service coordinator interests you, a PhD in economic development may be the right choice. These degree programs educate you on the skills to make positive changes in your community and the environment.
Salary and Job Prospects
According to the Bureau of Labor Statistics (BLS), economists earned a median annual salary of $113,940 in May 2022. Additionally, the top industries in which they worked included:
- Management, scientific, and technical consulting services: $130,160
- Federal government, excluding postal service: $130,100
- Scientific research and development services: $106,720
- Local government, excluding education and hospitals: $86,910
- State government, excluding education and hospitals: $80,520
| Metro Area | Annual Mean Salary | Employment |
|---|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $139,790 | 110 |
| Cleveland-Elyria, OH | $134,630 | 70 |
| Los Angeles-Long Beach-Anaheim, CA | $129,500 | 460 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $118,160 | 9,380 |
| San Francisco-Oakland-Hayward, CA | $112,590 | 380 |
Also, the BLS projects a 6% growth in economist employment from 2022 to 2032, leading to 1,200 job openings per year.
| State | Employment | Annual Mean Wage |
|---|---|---|
| District of Columbia | 7,680 | $116,910 |
| California | 1,470 | $112,670 |
| Virginia | 1,350 | $119,600 |
| New York | 700 | $103,510 |
| Texas | 670 | $97,550 |
Why wait? You future Program could be one click away on GradSchools!
GradSchools.com offers 12 Graduate Schools with Economic Development PhD Programs
University of Denver
London School of Economics and Political Science
University at Buffalo
University of California, Irvine
The University of Southern Mississippi
University of Wisconsin - Milwaukee
Clemson University
Tulane University
King's College London
University of Sussex
Akamai University
University of California - Berkeley