NOC 41401: Economists and economic policy researchers and analysts

What is NOC 41401?

NOC 41401 is the code for economists and economic policy researchers and analysts in the National Occupational Classification (NOC) 2021. Job titles in this group include agricultural economist, economic advisor, economic analyst and economic policy analyst. It is a TEER 1 occupation (usually a university degree), so it counts as skilled work for the Federal Skilled Worker Program and the Canadian Experience Class. The Job Bank median wage across Canada is $48.08 an hour.

NOC code

41401

TEER

1: University degree

Broad category

Occupations in education, law and social, community and government services

Express Entry

Skilled (TEER 0 to 3)

Category draws

None

Median wage

$48.08 an hour

Job titles under NOC 41401

Economists and economic policy researchers and analysts conduct research, monitor data, analyze information and prepare reports and plans to resolve economic and business problems and develop models to analyze, explain and forecast economic behaviour and patterns. They advise on matters such as finance, fiscal and monetary policy, international trade, agricultural and natural resource commodities and labour and industrial markets. They are employed by government departments and agencies and throughout the private sector in associations, unions, research organizations, banks and investment firms.

Main job titles

• agricultural economist
• economic advisor
• economic analyst
• economic policy analyst
• economist
• energy economist
• financial economist
• industrial economist
• international trade economist
• investment economist
• labour economist
• natural resources economist
• tax economist
• trade economist

All 49 job titles in the NOC index

agricultural economist, business analyst - economics, business economist, business intelligence analyst, business intelligence analyst - economic research, consumer advisor - economics, development economist, econometrician, economic advisor, economic analyst, economic consultant, economic policy adviser, economic policy analyst, economic policy researcher, economic research group supervisor, economist, energy economist, farm economist, financial economist, financial market economist, fiscal economics analyst, forest economist, forest resources economist, general economist, health economist, human resources economist, industrial economist, industrial relations economist, industrial trade economist, international trade economist, investment economist, labour economist, labour market information analyst, land use economist, mathematical economist, natural resources economist, price economist, regional economist, resource economist, risk management analyst, salary analyst - economic policy, social economist, tax economist, territorial resources economist, trade analyst, trade economist, transport economist, wage analyst - economic policy, welfare economist.

Also included in this group

• business analyst - economics
• consumer advisor - economics
• salary analyst - economic policy
• wage analyst - economic policy

Main duties of NOC 41401

This group performs some or all of the following duties:

• Conduct research and develop models to analyze, explain and forecast economic behaviour and patterns, and devise methods for collection and analysis of data
• Forecast production and consumption of specific products and services based on records of past production and consumption and general economic and industry-specific conditions
• Prepare forecasts of income and expenditure, interest rates and exchange rates
• Analyze factors which determine economic growth and advise government agencies on policies to increase economic activities
• Analyze factors which determine labour force participation, employment, wages, unemployment and other labour market outcomes
• Study mathematical formulae and statistical techniques and apply them to the testing and quantifying of economic theories and the solution of economic problems
• Study the nature of money, credit and the operation of banks and other financial institutions to develop monetary policies and forecasts of financial activity
• Monitor economic data to assess the effectiveness, and advise on the appropriateness, of monetary and fiscal policies
• Examine problems related to the economic activity of individual companies
• Examine financial methods, production costs and techniques and marketing policies to recommend possible improvements
• Examine statistical data on the exchange of goods and services among nations
• Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources
• Conduct research on market conditions in local, regional or national area to set sales and pricing levels for goods and services, to assess market potential and future trends and to develop business strategies
• Monitor regional and local economic trends
• Study regulatory processes and provide material in support of legal proceedings with government and other parties.

Employment requirements

• A master's degree in economics or in a related discipline such as business administration or statistics is usually required.
• A doctorate in economics may be required.

Additional information

• Progression to managerial positions in economics is possible with experience.

Is NOC 41401 eligible for Express Entry?

Yes for the programs that need skilled work: TEER 1 is in the TEER 0 to 3 range IRCC accepts.

Read how TEER categories work and the full list of NOC codes in each 2026 category draw. Category draws also need at least 12 months of full-time work (or the same amount part-time) in one listed occupation within the past 3 years.

How much does NOC 41401 pay?

Job Bank wages for this occupation, per hour. Low and high are, in most cases, the 10th and 90th percentiles, so 8 in 10 workers earn somewhere between them.

Source: Job Bank, Employment and Social Development Canada (Job Bank 2025 wages, revised November 19, 2025), data from 2023-2024 (Labour Force Survey). Wages for job offers in LMIA and provincial programs are compared with these figures, so check the current numbers on Job Bank before you rely on them.

Similar NOC codes to compare

If your work leans toward one of these, read its duties too. The closest match is the one whose lead statement and main duties describe most of what you did.

Classified somewhere else

• Business development officers and market researchers and analysts: 41402 Business development officers and market researchers and analysts
• Economics professor - university: 41200 University professors and lecturers
• Financial and investment analysts: 11101 Financial and investment analysts
• Government managers - economic analysis, policy development and program administration: 40011 Government managers - economic analysis, policy development and program administration
• Labour policy analyst: 41403 Social policy researchers, consultants and program officers

Same minor group (4140 Policy and program researchers, consultants and officers)

• 41400 Natural and applied science policy researchers, consultants and program officers, TEER 1
• 41402 Business development officers and market researchers and analysts, TEER 1
• 41403 Social policy researchers, consultants and program officers, TEER 1
• 41404 Health policy researchers, consultants and program officers, TEER 1
• 41405 Education policy researchers, consultants and program officers, TEER 1
• 41406 Recreation, sports and fitness policy researchers, consultants and program officers, TEER 1
• 41407 Program officers unique to government, TEER 1
• 41409 Other professional occupations in social science, TEER 1

Match my duties with AI

Using NOC 41401 duties on your resume

Canadian resumes do not list NOC codes. Employers read your job titles, what you did and what came of it. The NOC duties are still a useful checklist: if you did these tasks, say so in your own words and add the numbers that prove it.

For Express Entry, the reference letter from your employer should describe the duties you really performed, in line with this lead statement and most of the main duties, without copying the NOC text word for word. The free reference letter generator checks your duties against NOC 41401 as you write.

• Start each bullet with a strong verb and end it with a result: how many, how often, how fast.
• Use the job title your employer used, even if the NOC title is different.
• Keep immigration details such as your NOC code and permit type off the resume.

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Where this information comes from

Occupation codes, titles and descriptions are adapted from Statistics Canada, National Occupational Classification (NOC) 2021 Version 1.0. This does not constitute an endorsement by Statistics Canada of this product.

Wages come from Job Bank, Employment and Social Development Canada (Job Bank 2025 wages, revised November 19, 2025). Contains information licensed under the Open Government Licence – Canada.

Express Entry rules come from Immigration, Refugees and Citizenship Canada (IRCC): the program pages for the Federal Skilled Worker Program, the Canadian Experience Class and the Federal Skilled Trades Program, and the category-based selection page as modified on June 22, 2026.

Frequently asked questions

What is the NOC code for a agricultural economist?

NOC 41401, Economists and economic policy researchers and analysts, a TEER 1 occupation in NOC 2021.

What TEER is NOC 41401?

TEER 1. Usually a university degree. The TEER is the second digit of the code. See all TEER categories.

Is NOC 41401 eligible for Express Entry?

Yes. As a TEER 1 occupation it counts as skilled work for the Federal Skilled Worker Program and the Canadian Experience Class. You still have to meet every other requirement, and your duties must match the NOC description.

Is NOC 41401 in an Express Entry category-based draw?

No. It is not on any 2026 occupation list. The French-language proficiency category is open to any occupation if you reach NCLC 7 in French. See every category.

How much does NOC 41401 pay in Canada?

The Job Bank median across Canada is $48.08 an hour, with most wages between $33.65 and $71.79. Pay varies by province: see the table above.

Where is the official description?

On the Statistics Canada and ESDC NOC site: search 41401 in NOC 2021 Version 1.0. This page shows the same text, from the open data Statistics Canada publishes.

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More on NOC codes and Canadian resumes

• NOC Code Finder: Describe your duties and get your NOC 2021 code, TEER and Express Entry eligibility. Free.
• NOC Codes Canada: Full List: All 516 NOC 2021 codes with their TEER, duties and wages.
• TEER Categories Explained: What TEER 0 to 5 means, which count for Express Entry, and every job in each one.
• Express Entry Category Draws: NOC Codes: Every NOC code on the 2026 healthcare, STEM, trades, education and other lists.
• Canadian Resume Examples by Job: Real examples for cashiers, caregivers, trades, tech, students and more.
• Newcomer Resume Guide: Turn international experience into a resume Canadian employers understand.