Forensic Economist

Calculate the compensation that victims of crimes should receive.
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Quick Stats

Salary Range
$48,000 – $155,000

Data from U.S. Department of Labor

What do Forensic Economists do?

Being a Forensic Economist means taking economic theories and concepts, and bringing them into the real world. It’s impossible to put a price on someone’s life, limb, or livelihood, but as a Forensic Economist, you try. You determine the economic impact and repercussions of a crime based on your intimate knowledge of economic principles.

It’s a job that requires a sharp mind, keen observational skills, and the creativity to blend theory and reality when dealing with a variety of crimes. You handle anything from monetary crimes like embezzlement and theft, to injury or property damage that leaves a lifelong scar on someone’s economic wellbeing. Identity theft and other types of fraud are a few more examples of crimes that have a huge impact on the victim’s life. Whereas a Forensic Accountant is critical to unraveling these crimes, a Forensic Economist is more concerned with what happens after the crime has been solved, or at least in assessing the damage and how the victim can be made whole.

If you understand how important financial health is to a person’s wellbeing, and would take pride in helping the police and Lawyers get victims the due compensation that they deserve, then a job as a Forensic Economist could be right for you. You’ll typically work nine to five, Monday to Friday, in comfortable office settings, either in a law firm or District Attorney ’s office. You can also work for an insurance company.

Should I be a Forensic Economist?

You should have a doctoral degree or higher and share these traits:
  • Logical Thinker: You take a step-by-step approach to analyze information and solve problems.
  • Detail Oriented: You pay close attention to all the little details.
  • Ready for a Challenge: You jump into new projects with initiative and drive.

  • How to become a Forensic Economist

    Most Forensic Economists have a Doctorate. Start by getting your Bachelor's degree. Chart?chd=s:aaahc9&chl=|||bachelor%27s+%288%25%29|master%27s+%2829%25%29|doctorate+%2863%25%29&cht=p3&chs=466x180&chxr=0,0,63
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