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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: -
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
Master of Arts in Economics
Master of Arts in Econometrics
Master of Arts in Business Economics
Master of Arts in Applied Economics
Master of Philosophy (MPhil) in Economics
Master of Science (MSc) in Economics
Master of Business Administration (MBA) in Business Economics
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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