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An economist’s job is to study complex data and statistics and use this to deliver predictions of future trends. This can be used to establish training or investment requirements, or to assess the feasibility of a proposed project.
Average salaries are in the region of £42,000.00 to £55,000.00. Salaries will vary depending on location / employer
An Economist’s job is to study complex data and statistics and use this to deliver predictions of future trends. This can be used to establish training or investment requirements, or to assess the feasibility of a proposed project.
This role involves gathering and analysing huge amounts of data from sources including government figures, publications, web-based research and industry surveys.
An Economist will then assess what can be derived from these figures in terms of likely future trends, and how this in turn will impact on a organisation's medium to long terms plans for investment and growth.
This is a highly technical job that involves advanced modelling techniques, which needs a detailed understanding of economics. A key skills for an Economist is to then interpret that data and present it in a way that is clear and understandable for everyone.
In your role as an Economist, you would be:
Salaries typically range depending on location and level of responsibility.
As an Economist you'll usually work standard office hours, Monday to Friday, but there are likely to be occasions when it is necessary to work late, particularly in more senior roles.
There are a number of routes that can lead to a career as an economist but most will require a degree or equivalent in economics or a related subject like business studies, maths or physics.
Many employers will also look for candidates with postgraduate qualifications such as a Masters in Economics.
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According to the latest Construction Skills Network research, the UK construction industry will need an a total of non-construction professional, technical , IT and other office based staff (which includes Economists), every year for the period 2017 - 2021. The majority of this demand will be in the South West followed by a fairly even spread across East Midlands, Yorkshire and Humber, Scotland and Wales.