Economics Jobs and MBA Programs in Maryland

Maryland has an abundance of educational and career opportunities for economic analysts. In Maryland, there are currently 9,670 jobs for economic analysts and national projections show the job pool increasing by seven percent over the next 10 years. In general, economic analysts conduct research, prepare reports and formulate plans to aid in solution of economic problems arising from production and distribution of goods and services.

Maryland photo by Abhijit Tembhekar

State figures show that economic analysts in Maryland earn $51 per hour or $105,000 per year on average. In the U.S. as a whole, their income is $53 hourly or $110,000 per year on average.

Nicknamed the Old Line State, Maryland is home to 5,699,478 people. It has seen its population grow by 7.6 percent over the last 10 years. The capital is Annapolis. There were 3,471,985 total jobs in 2008 and workers in Maryland earned more than the previous year with an average annual income of $48,164, up from $46,922. The unemployment rate in Maryland was 7.0 percent in 2009. It went up by 2.6 percentage points since the previous year. The number of residents with a college degree is 31.4 percent. This surpasses the national average.

In Maryland, the top employers are in engineering services, radio broadcasting communications equipment manufacturing, photofinishing and photofinishing laboratories (except one-hour).

While being known for many things, one of the most noteworthy, Swallow Falls State Park near Oakland showcases Muddy Creek Falls. At 63 feet it is the largest waterfall in Maryland. One of the unique tidbits about Maryland is Fort Meade near Laurel became a base because a train engineer delivering soldiers to Meade knew only one Meade, the one in Maryland. He was not aware of Fort Meade, Florida. The confusion happened so often a second base was built in Maryland in an attempt to avoid the confusion.

Economics

Economic analysts conduct research, prepare reports and formulate plans to aid in solution of economic problems arising from production and distribution of goods and services.

While working, they recommend investments and investment timing. Also, they analyze financial information to forecast economic conditions.

They are required to manage and maintain budgets and other financial resources and evaluate and judge the efficacy of solutions.

Economic analysts must be able to evaluate problems as they arise. They should also have the ability to articulate ideas and problems.

In order to be successful in the workplace, economic analysts must have exceptional integrity and believe in cooperation and coordination.