Salary Survey

Dear colleagues:

I am pleased to announce that CABE has released its 2021 Salary Survey Report. This follows the Salary Surveys that CABE released in 2019 and 2017.

Highlights of what we learned include:

• The median salary for a Canadian economist was $110,000 to $120,000 annually. This finding is consistent with the median salary range identified in 2019.
• Reported salaries varied by industry sector, region, and experience. For example, the median entry-level salary for economists in Canada was $60,000 to $69,900.
• 49% of respondents also reported receiving additional compensation, such as bonuses and stock options, with median additional compensation in the $10,000 to $20,000 range – the same as in the 2017 and 2019 salary surveys.

The report looks at differences in compensation by gender, visible minority status, education and job title; provides information about access to retirement, vacation and other benefits, as well as professional development supports; asks about job satisfaction and working conditions post COVID; and details the survey methodology.

We hope this report will aid Canadian economists in their employment paths and compensation negotiations, and help employers understand how their compensation and benefit practices compare to other organizations.

Sincerely,
Bryan Yu
CABE President