As of February 01, 2025, the average annual salary for an Economic Modeling/Forecasting Analyst I in Providence, RI is $101,990. Salary.com reports that pay typically ranges from $85,350 to $116,710, with most professionals earning between $70,200 and $130,112.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $116,710 | $9,726 | $2,244 | $56 |
| Average | $101,990 | $8,499 | $1,961 | $49 |
| 25th Percentile | $85,350 | $7,113 | $1,641 | $41 |
An entry-level Economic Modeling/Forecasting Analyst I with under 1 year experience makes about $98,547. With less than 2 years of experience, a mid-level Economic Modeling/Forecasting Analyst I makes around $99,285. After 2-4 years, the Economic Modeling/Forecasting Analyst I pay rises to about $102,096. Those senior Economic Modeling/Forecasting Analyst I with 5-8 years of experience earn roughly $105,361, and those Economic Modeling/Forecasting Analyst I having 8 years or more experience are expected to earn about $105,796 on average.
| Levels | Salary |
|---|---|
| Entry Level Economic Modeling/Forecasting Analyst I | $98,547 |
| Intermediate Level Economic Modeling/Forecasting Analyst I | $99,285 |
| Senior Level Economic Modeling/Forecasting Analyst I | $102,096 |
| Specialist Level Economic Modeling/Forecasting Analyst I | $105,361 |
| Expert Level Economic Modeling/Forecasting Analyst I | $105,796 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 0% |
| Top Level | 3% |
| Experienced | 4% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Forecasting: Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible. In some cases the data used to predict the variable of interest is itself forecasted.
Computer Science: Computer science is the study of computation, automation, and information. Computer science spans theoretical disciplines (such as algorithms, theory of computation, information theory, and automation) to practical disciplines.
| Skill | Salary | Demand |
|---|---|---|
|
Portfolio Management
|
$119,328 |
17%
|
|
Machine Learning
|
$113,209 |
11%
|
|
Risk Management
|
$112,189 |
10%
|
|
Decision Making
|
$111,169 |
9%
|
|
Commitment
|
$111,169 |
9%
|
|
Trading
|
$110,149 |
8%
|
