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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

  • 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.

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

  • Teach theories, principles, and methods of economics.

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

  • 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.

  • Supervise research projects and students' study projects.

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

  • 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.

  • Review documents written by others.

  • Explain economic impact of policies to the public.

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

Technologies & Software

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