ECONOMISTS, TELLING THE WORLD’S DECISION MAKERS WHAT TO DO
Economists provide analyses and forecasts, helping business and political leaders make the right strategic decisions. They may work for big industrial groups (e.g. economist jobs at Total), banks (e.g. international economist roles at Banque de France), business institutes, public bodies, consultancy firms, as well as insurance companies. The scope of their work can be enormous, covering everything from micro-economics (looking at individual economic behaviour) to macro-economics (exploring global economic trends).
Sectors: auditing, consultancy, legal
Monthly gross salary of a junior economist: €2,900
Synonyms: corporate economist, strategist, macro-economist, economic researcher
The life of an economist...
Economists gather vast amounts of information from various sources, including newspaper articles, professional publications, reports, research journals, surveys and so on. Sometimes, they’re required to travel to conduct their own research.
Having compiled the relevant qualitative and quantitative data, they begin interpreting and analysing the raw data in front of them. They structure their results as clearly as possible (with the help of models, drawings and tables) then put them into reports and summary notes. They may also work on funding and marketing studies, so called financial risk forecasts, as well as pricing analyses.
Unlike researchers, economists have to take their findings and turn them into exact and precise reports so they can be useful to companies. They need to be able to summarise and restate their research and conclusions in order to convince managers of their findings.
Ability to research, analyse and summarise
Must be an expert in statistics, mathematics and IT
Must have a curious and intuitive nature
Excellent written and verbal skills
Typical educational background
Business, applied mathematics and IT studies
Masters in economic sciences, law, management, economic modelling, economic engineering, economic intelligence