NOC 41401 · Occupations in education, law and social, community and government services

NOC 41401: Economists and economic policy researchers and analysts

TEER

University degree

Median wage (Canada)

$48.08/hr

≈ $94,000/yr full-time

Express Entry (FSW, CEC)

Skilled (TEER 0–3)

Per IRCC’s TEER rule

What economists and economic policy researchers and analysts do

Economists and economic policy researchers and analysts conduct research, monitor data, analyze information and prepare reports and plans to resolve economic and business problems and develop models to analyze, explain and forecast economic behaviour and patterns. They advise on matters such as finance, fiscal and monetary policy, international trade, agricultural and natural resource commodities and labour and industrial markets. They are employed by government departments and agencies and throughout the private sector in associations, unions, research organizations, banks and investment firms.

Main duties

This group performs some or all of the following duties:

Conduct research and develop models to analyze, explain and forecast economic behaviour and patterns, and devise methods for collection and analysis of data
Forecast production and consumption of specific products and services based on records of past production and consumption and general economic and industry-specific conditions
Prepare forecasts of income and expenditure, interest rates and exchange rates
Analyze factors which determine economic growth and advise government agencies on policies to increase economic activities
Analyze factors which determine labour force participation, employment, wages, unemployment and other labour market outcomes
Study mathematical formulae and statistical techniques and apply them to the testing and quantifying of economic theories and the solution of economic problems
Study the nature of money, credit and the operation of banks and other financial institutions to develop monetary policies and forecasts of financial activity
Monitor economic data to assess the effectiveness, and advise on the appropriateness, of monetary and fiscal policies
Examine problems related to the economic activity of individual companies
Examine financial methods, production costs and techniques and marketing policies to recommend possible improvements
Examine statistical data on the exchange of goods and services among nations
Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources
Conduct research on market conditions in local, regional or national area to set sales and pricing levels for goods and services, to assess market potential and future trends and to develop business strategies
Monitor regional and local economic trends
Study regulatory processes and provide material in support of legal proceedings with government and other parties.

Job titles under NOC 41401

49 job titles are classified here, including agricultural economist, economic advisor, economic analyst.

agricultural economist
business analyst - economics
business economist
business intelligence analyst
business intelligence analyst - economic research
consumer advisor - economics
development economist
econometrician
economic advisor
economic analyst
economic consultant
economic policy adviser
economic policy analyst
economic policy researcher
economic research group supervisor
economist
energy economist
farm economist
financial economist
financial market economist
fiscal economics analyst
forest economist
forest resources economist
general economist

Employment requirements

A master's degree in economics or in a related discipline such as business administration or statistics is usually required.
A doctorate in economics may be required.

Economists and economic policy researchers and analysts wages in Canada

Low, median and high hourly wages from Job Bank’s 2025 wage data. Annual figures assume full-time work (1,950 hours a year).

By city
Where	Low	Median	High
Canada	$33.65/hr	$48.08/hr	$71.79/hr
Toronto ON	$29.23/hr	$45.00/hr	$72.12/hr
Montréal QC	$32.17/hr	$48.93/hr	$72.84/hr
Vancouver Lower Mainland region, BC	$33.32/hr	$48.55/hr	$67.21/hr
Calgary AB	$33.27/hr	$49.83/hr	$76.35/hr
Edmonton AB	$34.31/hr	$49.39/hr	$72.16/hr
Ottawa ON	$42.56/hr	$58.95/hr	$67.69/hr
Winnipeg MB	$30.62/hr	$44.51/hr	$61.55/hr
Québec City Quebec region, QC	$32.74/hr	$46.00/hr	$83.59/hr
Hamilton Hamilton–Niagara Peninsula region, ON	$32.64/hr	$48.55/hr	$69.33/hr
Kitchener-Waterloo Kitchener–Waterloo–Barrie region, ON	$32.64/hr	$47.60/hr	$66.98/hr
London ON	$32.98/hr	$47.93/hr	$72.21/hr
Halifax NS	$28.21/hr	$45.38/hr	$65.93/hr
Victoria Vancouver Island and Coast region, BC	$33.65/hr	$43.43/hr	$70.00/hr
Saskatoon Saskatoon–Biggar region, SK	$35.75/hr	$47.33/hr	$61.14/hr
Regina Regina–Moose Mountain region, SK	$36.00/hr	$49.07/hr	$69.00/hr

By province and territory
Where	Low	Median	High
Newfoundland and Labrador	$37.44/hr	$48.35/hr	$93.75/hr
Nova Scotia	$31.75/hr	$45.38/hr	$65.93/hr
New Brunswick	$33.33/hr	$43.00/hr	$47.18/hr
Quebec	$32.74/hr	$46.00/hr	$83.59/hr
Ontario	$35.71/hr	$51.28/hr	$71.79/hr
Manitoba	$29.59/hr	$44.53/hr	$62.11/hr
Saskatchewan	$33.68/hr	$47.80/hr	$64.64/hr
Alberta	$40.87/hr	$50.00/hr	$63.11/hr
British Columbia	$35.90/hr	$45.67/hr	$70.00/hr

Using NOC 41401 for your resume or Express Entry profile

IRCC asks you to make sure the main duties listed for your NOC match what you actually did at your job. If they don’t, look for another unit group whose duties do.
Describe your own work in your own words. Recruiters and ATS software look for concrete tools, results and scope, not text copied from the NOC.
Applying from outside Canada? Run your resume through the Canadian resume format checker to catch things Canadian employers don’t expect, like a photo or date of birth.
Use the job title the employer’s posting uses. The 49 titles above are how the same work is named across employers.

Check your resume against a posting Find another NOC code

Not in this group

Similar jobs classified under a different NOC code:

Business development officers and market researchers and analysts (NOC 41402)
Economics professor - university (NOC 41200)
Financial and investment analysts (NOC 11101)
Government managers - economic analysis, policy development and program administration (NOC 40011)
Labour policy analyst (NOC 41403)

Frequently asked questions

What is the NOC code for economists and economic policy researchers and analysts?

Economists and economic policy researchers and analysts are NOC 2021 unit group 41401. Example job titles in this group include agricultural economist, economic advisor, economic analyst, economic policy analyst.

What TEER is NOC 41401?

NOC 41401 is TEER 1 (University degree). Usually requires a university degree (bachelor’s, master’s or doctorate), or experience from a related TEER 2 occupation. TEER 0, 1, 2 and 3 work counts as skilled work experience for Express Entry’s Federal Skilled Worker and Canadian Experience Class programs.