Economist

Economists advise government departments, businesses, banks and other organisations about the economy.

Average salary (a year)

£25,000 Starter

to

£80,000 Experienced

Typical hours (a week)

37 to 39 a week

You could work

between 8am and 6pm

How to become an economist

You can get into this job through:

  • a university course
  • an apprenticeship
  • working towards this role
  • a graduate training scheme

University

You'll need a degree in economics or a related subject, like:

  • statistics
  • mathematics
  • business studies
  • finance and accounting

Some employers may prefer you to have a postgraduate master's degree in economics.

Your university course should include both macro and microeconomics.

Entry requirements

You'll usually need:

  • 5 GCSEs at grades 9 to 4 (A* to C)
  • 2 or more A levels, including maths or economics
  • a degree in a relevant subject for postgraduate study

More information

Apprenticeship

You could complete a professional economist degree apprenticeship.

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and college qualifications like A levels for a degree apprenticeship

More information

Work

You could start as an economic research officer or analyst in the private sector and work your way up.

Other routes

You could apply for a place on the Government Economic Service Fast Stream programme, starting out as an assistant economist.

You'll need a degree in economics or a combined degree, with at least 50% economics. A postgraduate award in economics may be acceptable.

More information

Professional and industry bodies

You can find professional development training and networking opportunities with the Royal Economic Society and the The Society of Professional Economists.

Further information

You'll find more advice about working as an economist in the public sector through the Government Economic Service.

What it takes

Skills and knowledge

You'll need:

  • maths knowledge
  • knowledge of economics and accounting
  • analytical thinking skills
  • excellent verbal communication skills
  • to be thorough and pay attention to detail
  • ambition and a desire to succeed
  • excellent written communication skills
  • the ability to think clearly using logic and reasoning
  • being able to use a computer terminal or hand-held device may be beneficial for this job.

What you'll do

Day-to-day tasks

Your work will vary depending on whether you’re advising the government or business sector, but your day-to-day duties might include:

  • researching information from computer databases, websites, journals and newspapers
  • monitoring past and present economic issues and trends
  • creating mathematical models to predict future economic developments
  • analysing statistics
  • writing reports and presenting findings
  • examining the effectiveness of current policies
  • advising on the potential economic impact of policies and ideas

Working environment

You could work in an office or at a university.

Career path and progression

With experience, you could progress to senior levels or become a self-employed freelance consultant.

Training opportunities

Apprenticeships In England

We can't find any apprenticeship vacancies in England for an economist right now.

The Find an apprenticeship service can help you with your search, send alerts when new apprenticeships become available and has advice on how to apply.

Courses In England

Pearson EDEXCEL Level 3 Advanced GCE in Business Studies

  • Provider: Christ The King College
  • Start date: 03 September 2019
  • Location: Newport

GCE AS Level in Business Studies

  • Provider: Congleton High School
  • Start date: 01 September 2019
  • Location: Congleton

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