What does an Economist do?

An economist is responsible for understanding the economy and looking for new opportunities. They are responsible creating financial and economic forecasts and models. A few of the main duties of an economist are analyzing large amounts of data, correctly researching market trends, design company policies to solve problems, and develop economic policies. They also have to create economic reports for executives. Some of the jobs titles that an economist could grow into are chief business officer and senior economist.

An economist should have 4 years of experience in economics and a Master's degree in economics. One of the most important skills that an economist will have is their ability to recognize patterns in data. Another skill is economic knowledge as the economist will need to soundly understand economic markets and policy. They also need to be able to create advanced financial models.

  • Develop economic models
  • Create company policies to reflect models
  • Create reports of economic outlook
  • Design advanced analysis projects
  • Audit other work using best practices
  • Create professional grade presentations
  • Keep up to date on the latest economic policy
  • Supervise analyst work to ensure accuracy
  • Master's degree in economics or finance
  • Deep knowledge of economics
  • Detail oriented attitude
  • Great communication skills
  • Great presentation design skills
  • Ability to create reliable reports
  • Capable of working both alone and in a team
  • Ability to perform advanced analysis
  • Ability to juggle multiple projects at once
Education--
Work/Life Balance
3.9 ★
Salary Range--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

Economist Salaries

Average Base Pay

$93,151 /yr
Same as national average
Not including cash compensation
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$70K
Median: $93K
$122K
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Glassdoor Estimated Salary

Economist Career Path

Learn how to become an Economist, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Economist Insights

Read what Economist professionals have to say about their job experiences and view top companies for this career.
Central Bank of Dominican Republic
Economist
16 Apr 2021

“It is good to feel one is contributing to our country's development and growth.”

Compass LexeconCompass Lexecon
Economist
8 Jun 2020

“Bright and trustworthy colleagues pleasant to work with.”

MedtronicMedtronic
Health Economics Manager
4 Feb 2021

“Lack of career progression and development”

Department of Jobs, Precincts and RegionsDepartment of Jobs, Precincts and Regions
Senior Economist
31 Aug 2021

“Good Work and life balance”

Government of CanadaGovernment of Canada
Economist
7 Aug 2019

“Challenging work and great benefits”

ZESCO
Senior Economist
27 Oct 2021

“career development and progression is quiet slow”

Statistics CanadaStatistics Canada
Economist
21 Dec 2021

“People are nice but very very risk averse.”

Human Resource Development Council
Economic Development
11 Mar 2021

“You are doing amazing work and there is great work culture.”

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Economist Interviews

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Economist jobs

Frequently asked questions about the role and responsibilities of an economist

The most similar professions to economist are:
  • Portfolio Manager
  • Investment Analyst
  • Financial Analyst
  • Cfo