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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

  • 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.

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

  • Teach theories, principles, and methods of economics.

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

  • Supervise research projects and students' study projects.

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

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

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

  • Review documents written by others.

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

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

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

  • Explain economic impact of policies to the public.

Technologies & Software

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