Economist

What does an economist do?

The role of an economist includes the following: 

• Gathering and analysing huge amounts of data from sources including government figures, publications, web-based research and industry surveys.
• Researching and understanding economic models and trends
• Using computer programs to analyse data collected
• Meeting with colleagues and clients to share information
• Preparing reports explaining the potential economic impact of different decisions
• Making presentations to technical and non-technical audiences
• Preparing forecasts that enable organisations to plan the allocation of resources
• Predicting future market requirements
• Establishing training or investment requirements
• Assessing the feasibility of a proposed project 
• Working standard office hours, Monday to Friday
• Likely to be occasions when it is necessary to work late, particularly in more senior roles.

How to become an economist

There are several routes to becoming an economist. You could do a university course or an apprenticeship.

You should explore these routes to becoming an economist, to find out which is the right one for you. Although some of these options have certain qualification requirements, many employers are more interested in people who are enthusiastic, willing to learn and can follow instructions.

You may need a Construction Skills Certification Scheme (CSCS) card to work on a construction site.

University

You are likely to require an undergraduate degree in economics or a related subject, such as statistics, mathematics, business studies or finance and accounting.

Some employers may require you to hold a postgraduate master's degree in economics. 

• Equivalent entry requirements explained
• Find a university course
• Funding advice

Apprenticeship

You could complete a degree apprenticeship to become an economist. You'll need 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, to enroll.

An apprenticeship is a good way into the construction industry. Apprenticeships are open to anyone over the age of 16. As an apprentice, you will be fully employed by your company and expected to work a minimum of 30 hours a week. Your time will be split between on-the-job experience and a college or training provider.

• Guide to apprenticeships

Work experience

Work experience is essential to gaining employment within the construction industry. You could gain this at school, or by working weekends and holidays with a company or relative who works as an accountant, or in finance. Potential employers will always be pleased to see work experience listed on your CV.

• Find out more about work experience

Skills 

Additional skills which may benefit anyone considering a job as an economist include: 

• A good grasp of maths, economics and accounting
• Analytical and logical thinking skills
• Attention to detail
• Excellent verbal communication skills.

How much could you earn as an economist?

The expected salary for an Economist varies as you become more experienced.

Salaries depend on location, employer, level of responsibility, any overtime you may do, and whether you have completed an industry recognised training route. 

* Salaries have been collected from multiple industry sources