Economists

Code: 19-3011.00
Median Annual Salary
Competitive / Variable
Sector & location dependent
Preparation & Education
Standard Educational Pathways
Job Zone N/A
Industry Outlook
Stable Growth
Active demand across the UK workforce

Role Overview & What They Do

Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Also Known As (Alternative Job Titles)

Economic Advisor Economic Analyst Economic Consultant Economic Development Specialist Economist Forensic Economist Project Economist Research Economist Revenue Research Analyst Tax Economist

Daily Duties & On-The-Job Tasks

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

Technology, Tools & Software Stack

Analytical or scientific software
IBM SPSS Statistics The MathWorks MATLAB
Presentation software
Microsoft PowerPoint
Object or component oriented development software
Oracle Java R

Core Skills, Knowledge & Abilities

Basic Skills
reading work related information thinking about the pros and cons of different ways to solve a problem
Problem Solving
noticing a problem and figuring out the best way to solve it
People and Technology Systems
thinking about the pros and cons of different options and picking the best one measuring how well a system is working and how to improve it
Math and Science
arithmetic, algebra, geometry, calculus, or statistics
Business
accounting and economics
Arts and Humanities
English language
Engineering and Technology
computers and electronics
Verbal
read and understand what is written communicate by speaking
Math
choose the right type of math to solve a problem add, subtract, multiply, or divide
Ideas and Logic
make general rules or come up with answers from lots of detailed information use rules to solve problems

Personality & Work Styles

Top Interest: Investigative

People interested in this work like activities that include ideas, thinking, and figuring things out.

Key Work Styles:
Achievement Orientation Intellectual Curiosity Integrity Attention to Detail Dependability Innovation

Frequently Asked Questions About Economists

Salaries for a Economists vary depending on regional demand across the UK, industry sector, relevant technical certifications, and years of experience.

Most employers hiring for a Economists in the UK require a combination of relevant educational qualifications, technical certifications, or demonstrative on-the-job vocational experience.

Essential skills and tooling for a Economists include: IBM SPSS Statistics, The MathWorks MATLAB, Microsoft PowerPoint, Oracle Java, R. Practitioners also benefit from strong analytical problem solving and communication skills.

The UK job market maintains steady employment demand for qualified Economists professionals across diverse sectors.

Live UK Vacancies for Economists

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Salary Distribution

Salaries vary depending on region, certifications, and years of experience.

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Occupational Terms
#statistical data #renewable resource #economic problem #information #conduct research #investigative #technical report #comprehension #economist #consumption