Economists study complex data and statistics and use this to deliver predictions of future trends.
The Role
  • Gathering information from multiple sources
  • Gathering and analysing huge amounts of data from sources including government figures, publications, web-based research and industry surveys.
  • Researching and understanding economic models and trends
  • Using computer programs to analyse data collected
  • Meeting with colleagues and clients to share information
  • Preparing reports explaining the potential economic impact of different decisions
  • Making presentations to technical and non-technical audiences
  • Preparing forecasts that enable organisations to plan the allocation of resources
  • Predicting future market requirements
  • Establishing training or investment requirements
  • Assessing the feasibility of a proposed project
  • Working standard office hours, Monday to Friday
  • Likely to be occasions when it is necessary to work late, particularly in more senior roles.
Salary
  • Newly trained economists can earn in the region of £25,000-£30,000
  • Trained with experience economists can earn in the region of £4,000-£55,000
  • Senior, chartered or master economists can earn in the region of £60,000-£85,000
Salaries typically range depending on location and level of responsibility.
Qualifications & Training
There are a number of routes that can lead to a career as an economist but most will require a degree or equivalent in economics or a related subject like business studies, maths or physics. Many employers will also look for candidates with postgraduate qualifications such as a Masters in Economics.