Economist job roles, responsibilities, descriptions, duties and salary

Economist job roles, responsibilities, descriptions, duties and salary

Date of posting: 19 Aug 21

economist

What Does an Economist Do?

Learn about the key requirements, duties, responsibilities, salaries and required skills that should be in an Economist job description.


Job designation: - Economist

The job of an economist is to evaluate the economic condition of a person, organisation or a country. This involves assessment of theories and their practical aspects in day-to-day business activities which play an important role in the development of an economy.

Duties and responsibilities of an Economist

The responsibility of an economist is to make precise assessment of events and report it to the organization they are working for. Most of the time they have to use formulas and tools of both new and old age to sort out problems.

  • Creating reports based on the economical condition of an organization or a country

  • Thoroughly analysing reports using tools and formulas

  • Reporting to the higher-ups about progress of any project

  • Make predictions and forecasts based on findings

  • Providing advice and insights to governments and businesses

Places of employment for an Economist

  • Government sectors

  • Private Sector companies

  • Institutes of learning like colleges, universities or b-schools

Work schedule of an Economist

It is a typical 9AM to 5PM job but sometimes they have to work longer due to their involvement in research, analysis and creation of reports.


Qualifications required to become an Economist

To become an economist, one must have a degree in economics alongside some work experience. A master degree can be helpful for career advancement and some often do PhD for a greater scope. Registration with the Indian Economic Association can be beneficial


Under-graduate courses to become an Economist


  • Bachelor of Arts in Economics

  • Bachelor of Arts in Applied Economics

  • Bachelor of Arts in Business Economics

  • Bachelor of Arts (Honours) in Economics

  • Bachelor of Science in Economics


Eligibility to pursue the course: -


  • Minimum 50% pass marks in any stream in class 12th from a recognised board


Entrance-exams to be taken to pursue the course

  • JNUEE

  • DUET

  • JMI EE


Institutes which are offering these courses 

  • Lady Shriram College

  • Asutosh College

  • St. Xavier’s College

  • St. Stephen’s College

  • Jamia Millia Islamia


Post-graduate courses for an Economist


Eligibility to pursue the course: -


  • Graduation in any stream (Commerce mostly preferred)


Entrance-exams to be taken to pursue the course


  • Delhi University Entrance Test (DUET)

  • Banaras Hindu University - Postgraduate Entrance Test (BHU PET)

  • Jawaharlal Nehru University Entrance Test (JANUET)

  • Telangana State Common Post Graduate Entrance Test (TS CPGET)

  • Calcutta University Entrance Exam (CUEE)


Institutes which are offering these courses 

  • Calcutta University

  • Delhi University

  • Jawaharlal University

  • Bangalore University

  • Miranda House University College for Women

Key/Technical skills

  • Technical analysis of findings

  • Being a team player for the people 

  • Knowledge of tools and software for research purpose

  • Foresight of events to happen

  • Thorough focus on details

Salary expectations

  • Average salary: - Rs. 7.7 lakhs

  • Entry level salary: - Rs. 5 lakhs

  • Experienced-level salary (5 to 20 years): - Rs. 20 lakhs and above


Process of getting the job of an Economist

  • Placement from colleges, universities and other recognised institutions

  • Job searching on LinkedIn or Indeed for economic posts

  • Checking out any institution’s profile and requirements for an economist

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