Doctorate and PhD in Economic Development Programs in Maine
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.
What is a PhD in Economic Development?
A PhD in Economic Development delves into the application of economics across various domains, encompassing sustainability, leadership, brand development, and pricing strategies. Often research-based, this program explores the intricate intersections of economic principles with diverse subject areas.
What can you do with a PhD in Economics?
Graduating from a PhD program in economics can equip students for diverse career paths, such as roles in accounting or auditing, financial management, personal finance advising, or academia as college professors. Students may customize their education by selecting elective courses aligned with their desired career trajectory.
According to the Bureau of Labor Statistics (BLS), economists earned a median annual salary of $115,730 in May 2023. Additionally, the top industries in which they worked included:
- Scientific research and development services: $140,940
- Federal government, excluding postal service: $135,200
- Management, scientific, and technical consulting services: $110,120
- Local government, excluding education and hospitals: $91,980
- State government, excluding education and hospitals: $74,900
Economist employment is projected to experience a 5% growth through 2033, resulting in approximately 1,200 job openings per year, according to the Bureau of Labor Statistics.
| 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 |
| 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 |
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