Unlock Thriving Careers in Industrial Economics: Elite Faculty Roles Await!
Industrial Economics faculty jobs offer a gateway to analyzing markets, competition, and innovation at the highest levels of academia. This dynamic field, also known as industrial organization (IO), examines firm behavior, antitrust issues, and regulatory impacts—perfect for economists passionate about real-world applications. Whether you're a PhD candidate eyeing tenure-track positions or a seasoned professor seeking prestigious roles, opportunities abound in business schools and economics departments worldwide.
Students interested in Industrial Economics should focus on undergraduate courses in microeconomics, game theory, and econometrics, then pursue a specialized PhD. Career paths lead to academia, government agencies like the FTC, or consulting firms tackling tech monopolies. Parents and job seekers, discover how higher ed jobs in this niche drive intellectual and financial rewards. Recent trends show a 20% surge in IO postings since 2020, fueled by Big Tech antitrust cases, per American Economic Association data.
Explore professor jobs and faculty positions, rate top instructors via Rate My Professor for Industrial Economics, and check salaries on our professor salaries page. Ready to advance? Browse higher ed jobs today.
What is Industrial Economics?
Industrial Economics delves into industry structures, market power, and policy interventions. Pioneered by thinkers like Joe Bain in the 1950s, it evolved with the Chicago School's contestable markets theory and empirical revolutions using big data. Fringe quirk: In Australia, IO experts advised on the 2023 supermarket duopoly probe, blending academia with national policy. Prestige peaks at institutions like Harvard and Chicago, where IO Nobel laureates like Jean Tirole (2014) shaped global antitrust thought.
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For Students: Paths to Industrial Economics Success
Aspiring scholars, start with a strong economics bachelor's, then target PhD programs emphasizing IO at Stanford or LSE. Key courses: auction theory, empirical IO. Career trajectories include academia (60% of PhDs), Fed research, or McKinsey antitrust teams. Unique anecdote: A fringe case from 2010s saw IO grads pivotal in EU's Google fine, earning six-figure bonuses.
Parents, explore higher ed career advice for your child's future. Find courses rated by peers here.
Top Programs
- UC Berkeley: Empirical IO focus
- Northwestern: Game theory powerhouse
- Oxford: Policy-oriented
Professor Opportunities in Industrial Economics
Tenure-track openings emphasize research on platform economics and mergers. Hotspots: US R1 universities (e.g., California), UK Russell Group. Trends show remote-hybrid roles rising post-2022. Staff and job seekers, target lecturer jobs or postdoc positions as entry points.
Locale quirk: In Canada, IO profs at Toronto advise on telecom regs, with bilingual perks. Link up with peers via Rate My Professor.
Salaries and Earnings in Industrial Economics
Expected earnings vary by rank and location. Assistant professors average $135,000 USD in the US (2023 AACSB data), associates $165,000, full professors $220,000+. UK: £65,000-£110,000. Prestige boosts at Ivies—check Ivy League schools.
| Role | US Avg (USD) | UK Avg (GBP) |
|---|---|---|
| Assistant Prof | $135,000 | £65,000 |
| Full Prof | $220,000+ | £110,000 |
View full data on professor salaries and university salaries. Get career advice to negotiate better.
Trends and Future Outlook
Industrial Economics booms with AI markets and green industrial policy. 2024 saw 25% more US postings amid DOJ suits. Fringe: EU's DMA law created niche roles in Brussels. Job seekers, monitor research jobs.
Apply to Faculty JobsAssociations for Industrial Economics
European Association for Research in Industrial Economics (EARIE)
An organization dedicated to promoting research and discussion in the field of industrial economics through annual conferences and publications.
Asia-Pacific Industrial Organisation Society (APIOS)
A society aimed at advancing research, teaching, and policy discussion in industrial organization within the Asia-Pacific region.
Industrial Organization Society (IOS)
An American society that organizes the International Industrial Organization Conference to foster scholarship and networking in industrial organization.
Society for Institutional and Organizational Economics (SIOE)
A global society focused on the study of institutions, organizations, and their impact on economic behavior and performance.
Royal Economic Society (RES)
A UK-based society that promotes the study of economic science, including industrial economics, through journals, conferences, and grants.
Canadian Economics Association (CEA)
A national association that supports economic research and education in Canada, with significant focus on industrial economics and policy.
Frequently Asked Questions
💼What are Industrial Economics faculty jobs?
Industrial Economics faculty jobs involve teaching and researching market structures, competition, and regulation. Positions span assistant to full professor roles at top universities. Check professor jobs for openings.
💰How much do Industrial Economics professors earn?
US assistant professors average $135,000, full professors $220,000+. UK figures: £65,000-£110,000. Explore details on professor salaries.
📚What should students study for Industrial Economics?
Focus on microeconomics, econometrics, and game theory. PhD programs at Berkeley or LSE excel. Rate courses via Rate My Professor.
📈What trends shape Industrial Economics academia?
Antitrust on tech giants and empirical IO drive 20% job growth. Fringe: EU DMA creates policy roles. See career advice.
🌍Where are top Industrial Economics jobs located?
US hubs: California, Boston. UK: London unis. Browse faculty jobs globally.
⭐How to rate Industrial Economics professors?
Use Rate My Professor for insights on teaching quality and research mentorship.
🔍What unique quirks define Industrial Economics?
From Chicago School debates to advising Aussie supermarket probes, IO blends theory and policy quirks. Target research jobs.
🚀Career paths after Industrial Economics PhD?
Academia, FTC economist, or consulting. 60% stay in higher ed. Prep with free resume templates.
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