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Economic Consultant
In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.
The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used.
This occupation has not yet received an official NOC code. However, it is considered similar to the following historical NOC codes. CAUTION—As this occupation is only similar to these NOC codes, related details and labour market information may not be accurate:
| Starting | $41.23 |
|---|---|
| Overall | $48.64 |
| Top | $53.61 |
Interest in conducting research and developing models to analyze, explain and forecast economic behaviour and patterns; in devising methods to collect and analyze data; and in studying the nature of money, credit and credit instruments, and the operations of banks and other financial institutions in order to develop monetary policies and forecasts of financial activity
Interest in co-ordinating information to monitor economic data and regional and local economic trend; to forecast the production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources; to forecast production and consumption of specific products and services based on records of past production and consumption and general economic and industry-specific conditions; and to prepare forecasts of income and expenditure, interest rates and exchange rates
Interest in consulting to advise government agencies on policies to increase economic activities; in conducting research on market conditions in local, regional and national areas to set sales and pricing levels for goods and services, and to assess market potential and future trends
The interest code helps you figure out if you’d like to work in a particular occupation.
It’s based on the Canadian Work Preference Inventory (CWPI), which measures 5 occupational interests: Directive, Innovative, Methodical, Objective and Social.
Each set of 3 interest codes is listed in order of importance.
A code in capital letters means it’s a strong fit for the occupation.
A code in all lowercase letters means the fit is weaker.
In general, environmental economists research economic and environmental topics, such as:
They also:
Environmental economists also write reports and deliver presentations to:
Environmental economists primarily work in an office setting. They use computers to compile and analyze data. They may work from home. They may need to travel to consult with stakeholders or field professionals.
Working conditions can vary a great deal over the year. Environmental economists may work long hours at key times. For example, they may feel pressure to provide accurate, timely analyses when important decisions need to be made. They may feel such pressure when economic or environmental events are affecting business or government.
Environmental economists need:
They should enjoy working with leading-edge methods and economic models. They should be comfortable advising others. This includes:
Environmental economics is a special type of economics. Students may enter an economics program that includes courses in environmental or ecological economics. Their studies may include courses in business, environmental law, or natural sciences.
A bachelor’s degree in environmental economics often is sufficient for research assistant positions. A master of arts (MA) or master of sciences (MSc) degree in economics often is required to become a professional environmental economist. Teaching positions at the post-secondary level require a doctoral (PhD) degree. Admission to master’s degree programs requires an acceptable average in the last 2 years of a related 4-year bachelor’s degree program. An honours program is preferred.
The following schools offer programs or courses that are related to this occupation but are not required to enter the field.
For a broad list of programs and courses that may be related to this occupation try searching using keywords.
There is currently no provincial legislation regulating this occupation in Alberta.
Environmental economists work in many sectors of the economy. They most often find jobs with:
Most environmental economists work in the energy industry. Many are employed as economic consultants. They advise business, industry, government, labour, and others. Some work for consulting firms or are self-employed.
Environmental economists are part of the larger 2011 National Occupational Classification 4162: Economists and economic policy researchers and analysts. In Alberta, 77% of people employed in this classification work in the following industries:
The employment outlook [pdf] in this occupation will be influenced by a wide variety of factors including:
In Alberta, the 4162: Economists and economic policy researchers and analysts occupational group is expected to have a below-average annual growth of 1.6% from 2019 to 2023. In addition to job openings created by employment turnover, 39 new positions are forecasted to be created within this occupational group each year.
Salaries vary a great deal for environmental economists. They often earn more after promotion to management positions.
| Wages* | Low (5th percentile) | High (95th percentile) | Average | Median |
|---|---|---|---|---|
| Starting | $26.65 | $76.92 | $41.23 | $38.43 |
| Overall | $27.20 | $82.05 | $48.64 | $46.12 |
| Top | $28.74 | $85.87 | $53.61 | $50.38 |
Swipe left and right to view all data. Scroll left and right to view all data.
* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.
High Reliability, represents a CV of less than or equal to 6.00% and 30 survey observations and/or represents 50% or more of all estimated employment for the occupation.
| Other Services (Repair, Personal Services and Related) | $98,268 |
|---|---|
| ALL INDUSTRIES | $94,332 |
| Public Administration | $87,202 |
| Finance, Insurance, Real Estate, Leasing | $87,139 |
Canadian Foundation for Economic Education (CFEE) website: www.cfee.org
Get information and referrals about career, education, and employment options from Alberta Supports.
Updated Mar 31, 2019. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.