An economist is a person who majors in economics. This definition is what we all think about economists which are true, but there are more things to the career as an economist. So, follow me steadily as we unveil things about what entirely the career economist entails.
First of all, Economists study the production and distribution of resources, goods, and services. They do this by collecting and analyzing data, evaluating some economic and pressing issues and also, researching the most trend issues in society. You will agree with me that an Economist is needed in virtually every facet of careers in the world. This is because, they apply analysis to issues within a variety of fields, such as education, health, development and even the environment.
If you own a business, you will need the help of an economist to analyze patronage, advertisement, income rate, how the economy affects your business, growth rate etc.
They research and analyze data using a variety of software programs, including spreadsheets, statistical analysis and database management programs.
They work independently in an office and may collaborate with other economists and statisticians. Some may decide to work with the local or state or federal government. An economist can also work in a bank. An economists can also work as a business and financial consultants etc. They also work for international organizations, research firms etc., where they study and analyze a variety of economic issues. They also offer management, scientific and technical consulting services. Like I said earlier, an economist can work anywhere.
Major Duties of an Economist
- Conduct surveys and collect data
- Data Analysis
- Trend forecast and interpretation
- Economic advisers
- Research economic issues etc.
An Economist must possess the following;
- Analytical Skills
- Communication Skills
- Critical-thinking skills
- Detail Oriented skills
- Math Skills
- Writing Skills etc.
Majorly, to be a professional economist, you need to have a phD degree in Economics.
Salary of an economist per year
|Finance and insurance||$120,770|
|Federal government, excluding postal service||$119,580|
|Scientific research and development services||$114,1400|
| Management, scientific, and technical consulting|
|State government, excluding education and hospitals||$73,400|