Economist Jobs Overview Working as an economist is about qualitative thinking and the ability to provide advice by ...
Economist Jobs Overview
Working as an economist is about qualitative thinking and the ability to provide advice by analysing economic issues. An economist looks at the current economic trends, and comes up with forecasts that can be useful in various environments. Research makes up a large part of the roles in economist jobs. Some of the responsibilities that an economist working in the U.K. may have include analysing the economic impact of particular national events, forecasting the effects of a shift in economic policy, assessing development or infrastructure projects, evaluating the influence of exchange rates on the UK economy, evaluating and advising corporations and multinationals regarding their performance, and so on. An economist can choose to work in different areas, such as financial, industrial, international, public finance, or labour, just to mention a few.
Economist Jobs Educational Requirements
The typical economist job requires at least an undergraduate degree, which most colleges in the UK offer. Someone looking to work as an economist can also strive for a joint degree, such as economics with law or economics with politics, or pursue a speciality subject. Individuals who studied environmental protection, for instance, may find environmental economist jobs. It is essential for a graduate to have a comprehension of both microeconomics and macroeconomics before they enter the job market. A master’s degree or Ph.D. is a good way to advance in a particular career as an economist. Learning foreign languages is an added advantage, especially for individuals aspiring to specialise in international economics.
Economist Jobs Market
Relying on economists for large-scale projects is an integral part of doing business globally. With the recession having shaken the business world to the core, companies and organisations are taking a more cautious approach to international economics. Consequently, economists jobs are rising in popularity, particularly in the private sector. Different industries are finding uses for the various skills that economists possess. Besides the private sector, banking and public services offer great incentives for those willing to pursue this career.
Economist Jobs Salary Information
Graduates starting in the industry can expect average salaries of between £25,000 and £35,000. The average salaries rise with work experience. An individual with experience of more than ten years in an economist job can average £50,000 or more. Salaries for economist jobs differ on a very wide scale, depending on the sector. Investment banking jobs and consultancy services pay more compared to others.