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Automation Risk Analysis

Will “Financial Economist” be Automated?

Historical Context: Oxford Study (2013)

Ranked #282 of 702. Estimated risk: 43.0%

Directly assessed by researchers as unlikely to be automatable
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AI Exposure Risk

63%

“Financial Economist” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 63% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

15%

“Financial Economist” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 15% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Economists, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: 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. May collect and process economic and statistical data using sampling techniques and econometric methods.

Avg. Annual Salary $130,910
Avg. Hourly Wage $62.94
Available Jobs (US) 15,880
Job Title & Hierarchy Code (SOC) Economists #19-3011
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Economists”

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Core Skills & Abilities

  • Teach theories, principles, and methods of economics.

  • Review documents written by others.

  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.

  • Supervise research projects and students' study projects.

  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

  • Explain economic impact of policies to the public.

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.

Technologies & Software

  • Microsoft Outlook
  • ESRI ArcView
  • IBM SPSS Statistics
  • Corel WordPerfect Office Suite
  • Nova (Amazon)
  • Gemini (Google)
  • Wolfram Research Mathematica
  • Web browser software
  • Consensus
  • C++
  • Aptech Systems GAUSS
  • Insightful S-PLUS
  • Camfit Data Limited Microfit
  • Scite AI
  • Maplesoft Maple
  • Microsoft Access
  • Llama (Meta)
  • Global Insight AREMOS
  • Perplexity AI
  • Corel QuattroPro
  • Claude (Anthropic)
  • Microsoft SQL Server
  • R
  • Estima Regression Analysis of Time Series RATS
  • Minitab
  • IBM Lotus 1-2-3
  • Python
  • NotebookLM (Google)
  • Microsoft PowerPoint
  • Microsoft Word
  • MySQL
  • UNIX Shell
  • DeepSeek
  • Formula translation/translator FORTRAN
  • Structured query language SQL
  • Mathsoft Mathcad
  • Quantitative Micro Software EViews
  • Microsoft Visual Basic
  • StataCorp Stata
  • Microsoft Internet Explorer
  • Mistral AI (chat/models)
  • Tableau
  • Microsoft Office software
  • ChatGPT (OpenAI)
  • Gemini for Workspace
  • Statistical software
  • The MathWorks MATLAB
  • Kimi (Moonshot AI)
  • Estimates Delivery System EDS
  • LaTeX
  • Mistral (Mistral AI)
  • Microsoft Power BI
  • Mozilla Firefox
  • TreeAge Software TreeAge Pro
  • Oracle Java
  • Microsoft Visual Basic for Applications VBA
  • MediaWiki
  • UNIX
  • Econometric Software LIMDEP
  • Elicit
  • Palisade @Risk
  • Microsoft Excel
  • Qwen (Alibaba)
  • SAS
  • Semantic Scholar AI
  • Teradata Database
  • Microsoft Visual C# .NET
  • Grok (xAI)
  • MacKichan Software Scientific Notebook
  • Timberlake Consultants OxMetrics
  • Maintrame computers
  • Desktop computers
  • 10-key calculators
  • Laptop computers
  • Data scanners
  • Personal computers