How much does an Economics Analyst II make in New Jersey? The average Economics Analyst II salary in New Jersey is $134,601 as of February 26, 2024, but the range typically falls between $114,661 and $156,567. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Economics Analyst II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Economics Analyst II Salary $96,506 NJ February 26, 2024
25th Percentile Economics Analyst II Salary $114,661 NJ February 26, 2024
50th Percentile Economics Analyst II Salary $134,601 NJ February 26, 2024
75th Percentile Economics Analyst II Salary $156,567 NJ February 26, 2024
90th Percentile Economics Analyst II Salary $176,565 NJ February 26, 2024
25% $114,661 10% $96,506 90% $176,565 75% $156,567 $134,601 50%(Median) Didn’t find job title? Click
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What skills does an Economics Analyst II need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Forecasting: Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible. In some cases the data used to predict the variable of interest is itself forecasted.

3.

Tableau: Using business intelligence software to perform data analysis, data visualization, and the BI process of an organization.

Analysis 15.43%
Forecasting 1.79%
Tableau 1.21%
Others 81.57%

Job Description for Economics Analyst II

Economics Analyst II conducts research and analysis on economic data/trends and produces forecasts, interpretive reporting, and media used for risk assessment, communication, and decision making. Collects economic data from established datasets and other sources utilizing data collection and data science protocols. Being an Economics Analyst II utilizes statistical analysis, mathematical methodologies, and modeling techniques to develop data. Designs and organizes data into unique report models and graphical illustrations to present economic information used for decision making and solution development. Additionally, Economics Analyst II requires a bachelor's degree in economics or equivalent. Typically reports to a manager or head of a unit/department. The Economics Analyst II work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Economics Analyst II typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Economics Analyst II in New Jersey

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $138,403 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $140,849 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $140,971 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $138,232 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $143,661 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $138,403 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $136,436 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $137,181 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $140,971 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $138,403 Date Updated February 26, 2024

Career Path for Economics Analyst II

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Economics Analyst II, the first career path typically starts with a Business Data Analyst IV position, and then progresses to Business Data Analyst V.

Additionally, the second career path typically starts with an Economics Analyst III position, and then progresses to Economics Analyst IV.

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Economics Analyst II Salary in New Jersey
Economics Analyst II Salary Graph, Regional Distribution and Summary