For government jobs like research assistants, trainee positions for management, or sales positions in most areas and corporations like consulting firms or government departments requires Bachelors degree

For high level jobs in research and management requires PhDs.

To be a faculty in junior colleges /community requires masters.

To be a faculty in large college/universities requires PhD.

Economists have many other skills besides their schooling that make them successful. They are detail-oriented and have good analytical skills. Much of an economists work consists of long-term data analysis and problem solving, so perseverance and patience are advantageous. Also, many economists work independently, so it is important that they be self-motivated and disciplined.