Economists vs School Psychologists: $125K vs $96K Median Pay

Economists vs School Psychologists: what changes?

Consider Economists if you want to conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. Consider School Psychologists if you would rather diagnose and implement individual or schoolwide interventions or strategies to address educational, behavioral, or developmental issues that adversely impact educational functioning in a school. Both list master's degree; compare training and prior experience separately.

Try this next: Compare three local entry-level postings for Economists and School Psychologists. List the duties, credentials, prior experience, and paid training each employer actually asks for. Try a supervised class or sample project from each field before choosing a program.

BLS 2025 wages and 2025–2035 projections. National medians are not starting offers. Occupation size is not a count of vacancies. View the BLS data.

Compare the practical differences

Economists

National median pay (2025): $124,720
Route into the job: Master's degree
Prior related experience: No prior related occupation is typically required; employer requirements vary.
Training and licensing: BLS does not list a separate on-the-job training requirement. Employers may still provide orientation and role-specific training.
Work to investigate: Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
Annual openings (2025–2035): 1,100

Know before you choose

This is a small national occupation (18,600 jobs in 2025), so location and employer concentration can matter more than the national median suggests.

See the full Economists brief

School Psychologists

National median pay (2025): $95,990
Route into the job: Master's degree; Internship or residency follows qualifying education. Check its duration, pay, and licensing requirements
Prior related experience: No prior related occupation is typically required; employer requirements vary.
Training and licensing: Internship or residency follows qualifying education. Check its duration, pay, and licensing requirements.
Work to investigate: Compile and interpret students' test results, along with information from teachers and parents, to diagnose conditions and to help assess eligibility for special services.
Annual openings (2025–2035): 3,400

Know before you choose

Training continues through internship/residency after the degree path.

See the full School Psychologists brief

How the national numbers differ

Economists has the edge on projected growth

Economists is at 4.7% projected growth, compared with 0.8% projected growth for School Psychologists.

School Psychologists has the edge on annual openings

School Psychologists is at 3,400 annual openings, compared with 1,100 annual openings for Economists.

Economists has the edge on median pay

Economists is at $124,720, compared with $95,990 for School Psychologists.

51.7/ 100

Economists

46.2/ 100

School Psychologists

Each available metric is ranked from 0 to 100 against the careers on ChooseField. The weighted average uses this profile: pay 30%, growth 25%, openings 30%, preparation level 15%. Missing values are not scored as zero; their weights are redistributed across available metrics. Occupation size has zero weight: employment is not accessible vacancies. Preparation categories do not measure admission difficulty or years without earnings. The score summarizes national measures; local opportunities and personal fit still need separate consideration.

Detailed evidence