Economist

Economist - overview

As an economist, you’ll use your mathematical skills to collect and analyse data to advise a range of organisations like banks and government departments about the economy. Learn more about a career in economics, find out what it involves and what you’ll need to study and do to get a role.

Learn what the role involves below.

What does an economist do?

As an economist, you’ll be confident analysing past and present economic trends and challenges, writing reports and presenting findings to clients.

You’ll research and analyse data and create mathematical models to predict future events for companies looking to invest. You might also advise on economic and social policy.

If you enjoy being strategic with numbers and are willing to put in hard work and long hours, a job in this area can be very rewarding.

What will your days involve?

Daily tasks will vary but could involve:

Analysing statistics, examining policies and searching for patterns to help organisations make policy decisions
Using and building mathematical and statistical models to assess risks and make predictions
Writing reports, presenting information and explaining results to stakeholders
Monitoring economic trends and issues, conducting market research and investigating information from databases, journals and websites
Checking standards of quality control

FAQs

What could you earn as an economist?

The average salary for an economist in the UK is £50,440.

Does an economist role involve travel in the UK or overseas?

As an economist, you’ll usually travel to an office and to meet with clients. Travelling overseas for work is rare unless you work in the private sector or for the Foreign Office.