They sometimes work overtime. Economists often work alone, but may work as part of a research team on some projects. They may travel to collect data or attend conferences. Those working for colleges and universities have more flexible work schedules. They divide their time between teaching, research, and administrative duties.
Wages vary according to training and experience.
Entry level wages may be lower. Wages are likely to be higher for economists who have a Ph.D. and lower for those who have a bachelors or masters degree. Pay varies depending on the workers' education and experience. There were 320 people employed as economists and market research analysts in Indiana in 1998. It is estimated that between 1996 and 2006, about 4 jobs per year will need to be filled in this occupation.