Economics Teachers, Postsecondary
SOC Code: 25-1063 Job Zone 5: Extensive Preparation Needed
Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
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Prevailing Wage Levels (National)
DOL/OFLC prevailing wage thresholds for Economics Teachers, Postsecondary. Hourly rates x 2,080 = annual.
FY2027 Weighted Lottery Impact
| Level | Lottery Entries | Est. Selection Rate |
|---|---|---|
| Level I (Entry) | 1 entry | ~16% |
| Level II (Qualified) | 2 entries | ~31% |
| Level III (Experienced) | 3 entries | ~45% |
| Level IV (Expert) | 4 entries | ~61% |
Prevailing Wages by Metro Area
| Metro Area | Level I | Level II | Level III | Level IV |
|---|---|---|---|---|
| Waterbury-Shelton, CT | $176,966,400 | $299,139,360 | $421,310,240 | $543,483,200 |
| New Haven, CT | $176,966,400 | $299,139,360 | $421,310,240 | $543,483,200 |
| College Station-Bryan, TX | $183,040,000 | $287,337,440 | $391,636,960 | $495,934,400 |
| Southwestern New Hampshire nonmetropolitan area | $167,273,600 | $263,126,240 | $358,980,960 | $454,833,600 |
| Northern New Hampshire nonmetropolitan area | $179,233,600 | $269,214,400 | $359,195,200 | $449,176,000 |
| Central New Hampshire nonmetropolitan area | $177,340,800 | $266,379,360 | $355,415,840 | $444,454,400 |
| Boston-Cambridge-Newton, MA-NH | $176,488,000 | $263,369,600 | $350,251,200 | $437,132,800 |
| Barnstable Town, MA | $178,193,600 | $264,008,160 | $349,820,640 | $435,635,200 |
| Tuscaloosa, AL | $152,755,200 | $246,673,440 | $340,593,760 | $434,512,000 |
| Ann Arbor, MI | $166,192,000 | $255,222,240 | $344,254,560 | $433,284,800 |
H-1B Filing Data
Top H-1B Employers
| Employer | Filings | Avg Wage |
|---|---|---|
| Cornell University | 21 | $162,207 |
| The University of Southern California | 19 | $124,621 |
| The University of Chicago | 19 | $131,317 |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | 17 | $160,469 |
| University of Pittsburgh | 15 | $125,708 |
| Texas A&M University | 15 | $117,408 |
| Columbia University | 15 | $169,495 |
| University of Michigan | 15 | $160,059 |
| The Pennsylvania State University | 13 | $121,392 |
| UNIVERSITY OF FLORIDA | 13 | $120,522 |
Filing Trend
| Year | Filings | Avg Wage |
|---|---|---|
| 2020 | 67 | $104,583 |
| 2021 | 44 | $103,395 |
| 2022 | 84 | $101,777 |
| 2023 | 250 | $113,273 |
| 2024 | 361 | $122,233 |
| 2025 | 474 | $125,534 |
| 2026 | 38 | $176,220 |
Key Skills
| Skill | Importance | Level |
|---|---|---|
| Speaking | 4.1 | |
| Instructing | 4.0 | |
| Active Listening | 4.0 | |
| Reading Comprehension | 4.0 | |
| Writing | 4.0 | |
| Critical Thinking | 3.9 | |
| Learning Strategies | 3.9 | |
| Active Learning | 3.8 | |
| Judgment and Decision Making | 3.4 | |
| Mathematics | 3.2 |
Knowledge Areas
| Knowledge | Importance |
|---|---|
| Mathematics | 4.5 |
| Education and Training | 4.3 |
| Economics and Accounting | 4.2 |
| English Language | 4.1 |
| Computers and Electronics | 2.9 |
| Administration and Management | 2.9 |
| Law and Government | 2.9 |
| Sociology and Anthropology | 2.8 |
Education Requirements
| Education Level | % of Workers |
|---|---|
| Post-first professional | 80.8% |
| Post-doctoral training | 9.7% |
| Doctoral degree | 7.4% |
| Bachelor's degree | 2.1% |
Typical Tasks
- Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics.
- Prepare course materials, such as syllabi, homework assignments, and handouts.
- Evaluate and grade students' class work, assignments, and papers.
- Compile, administer, and grade examinations, or assign this work to others.
- Keep abreast of developments in the field by reading current literature, talking with colleagues, and participating in professional conferences.
- Maintain student attendance records, grades, and other required records.
- Initiate, facilitate, and moderate classroom discussions.
- Maintain regularly scheduled office hours to advise and assist students.
Technology Skills
Green = Hot Technology in demand
Facebook Google Docs Microsoft Access Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft Word Python R The MathWorks MATLAB Aptech Systems GAUSS Blackboard Learn Calendar and scheduling software Collaborative editing software
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