What is it like to be an Economist?
Economists are concerned with efficiency; maximising benefits and minimising waste. They may be involved in a very wide range of applications from economic growth and employment to the environmental impact and social costs of infrastructure projects. People with training in economics are valued because of their unique approach to analysing decisions involving both costs and benefits in order to achieve specified goals.
Business economists are generally concerned with firm-level decisions and how businesses manage people, capital and resources, as well as how they deal with external forces such as competition and government policy in order to best achieve their goals. Business economists conduct research, collect and analyse data, monitor economic trends, develop forecasts and can play a leading role in advising senior management on strategic decisions.
For more information about a career as an Economist, visit the Job Outlook website.
This data shows historical and projected employment levels (thousands) for this occupation. Data should be used as a guide only. Source: ABS Labour Force Survey.
This data shows median weekly cash earnings for the occupation, before tax and not including superannuation. These figures are indicative and cannot be used to determine a particular wage rate. Data should be used as a guide only. Source: Based on ABS Characteristics of Employment survey, August 2015, Cat. No. 6333.0, Customised Report.
Is it right for me?
Economists have excellent mathematical skills and a natural flair for researching and analysing. You will have an eye for detail along with a logical and analytical mind.
Economists are also:
- able to think logically and analytically
- able to discuss views clearly
- able to write concisely
- good at mathematics and statistical analysis.
To become an Economist
To be able to become an Economist, your study options will change based on your previous study experience or your preferred study pathway: