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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

Average Years of Experience

0 - 1
16%
2 - 4
49%
5 - 7
7%
8+
28%

Common Skill Sets

Statistics
Calculus
Responses
Conducting
PHD IN Economics
Methodology
Selecting
Written Communication

Economist Salaries

Average Base Pay

$97,811 /yr
Same as national average
Not including cash compensation
See More Insights
$64K
Median: $98K
$144K
See More Insights
Glassdoor Estimated Salary

Economist Jobs