Career Choice: Economist

What do Economists do?

Economists do research. They prepare surveys to collect data, and then figure out what the data mean. They also do forecasts of what may cause the economy to change and how it may change in the future. They study topics such as prices, wages, employment and unemployment, taxes, interest rates, and the stock market. Other economists study money and banking system or trade with foreign countries. Doing reports on their research, so that the average person can understand it, is a very important part of their job.

Economists should like working with numbers. They also need to be able to work with detail. Economists have regular work schedules. They often work alone writing reports and using computers. However, they also may be part of a team. Most must meet deadlines. They may work overtime. Some may travel.

How do I prepare to become a Economist?

A master's or Ph.D. degree in economics is required for many jobs in private industry. Courses in math, statistics, economics, and computer science are helpful. Some schools help graduate students find jobs working part time.

Economists must be able to write clear reports telling about their findings.

What are the earning potentials?

Weekly Earnings (full time and before tax)

• $1307 - All Ages
• $956 - Ages 20-24

Source: ABS Employee Earnings, Benefits and Trade Union Membership, August 2003.

What are the Job prospects for Economists?

• Very Good
• Good < Economist
• Average
• Below Average
• Limited