What does an Economist II 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.

What responsibilities are common for Economist II jobs?
  • 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
What are the typical qualifications for Economist II jobs?
  • 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
EducationGraduate Degree
Work/Life Balance
3.9 ★
Total Pay--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

How much does an Economist II make?

Confident
$89,677 /yr
Total Pay
$82,495
 /yr

Base Pay

+
$7,182
 /yr

Additional Pay

$89,677

 / yr
$56K$144K
Most Likely Range
Possible Range
See More Insights

Economist II Career Path

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

Economist II
$89,677/yr
Senior Economist
$131,359/yr
Economist II

Years of Experience Distribution

0 - 1
50%
2 - 4
50%
5 - 7
0%
8+
0%
Not including years spent in education and/or training

Economist II Insights

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

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

3M3M
Lead Health Economist
Jun 6, 2022

“Stable and good work life balance”

Compass LexeconCompass Lexecon
Economist
Jun 8, 2020

“Bright and trustworthy colleagues pleasant to work with.”

Bracknell Forest Borough CouncilBracknell Forest Borough Council
Economist
Mar 22, 2022

“Good good good good good”

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

“Good Work and life balance”

Nomura HoldingsNomura Holdings
Senior Economist
May 23, 2022

“Good to work and nice people”

MedtronicMedtronic
Health Economics Manager
Feb 4, 2021

“Lack of career progression and development”

ZESCO
Senior Economist
Oct 27, 2021

“career development and progression is quiet slow”

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Economist II Interviews

Frequently asked questions about the role and responsibilities of economists

The typical day of an economist involves researching economic topics and trends, collecting and analyzing data, preparing reports, presenting findings, and advising others. They may deliver their analysis and recommendations to individuals, businesses, or governments. Economists may also write articles or otherwise present their findings to the public.

Employment opportunities for economists are expected to grow faster than the average for all occupations. One advantage of becoming an economist is that this is a versatile career that allows for specialization in many areas, such as public finance, international economies, labor economics, historical economics, or industrial and organizational economies.

The average pay for economists is about $89,677 per year. Finance and insurance are the highest-paying industries for this career, followed by the federal government, scientific research, and development services. Demonstrating accuracy in predicting economic trends and providing lucrative advice can increase your job and salary opportunities.

Economists are charged with providing sound financial advice in an unpredictable and often volatile landscape. Working as an economist can be very stressful, particularly in high-profile companies or unpredictable industries. One challenge of being an economist is working long hours and pursuing continuing education, such as a master's degree, to stay at the top in this career.

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Economist II Jobs