What does an economist do?
Economists research and analyse aspects of economic and financial policy, and advise businesses, banks, and governments on statistical data, trends, and investments. You will produce detailed and economic analysis to inform business’ strategic decision-making, and may be involved in:
- collating and interpreting complex information and data
- analysing past and present market trends
- creating mathematical models to predict future economic developments
- writing briefing reports
- analysing market share and size of companies
- advising on economic impact and effectiveness of current policies
You will need to work with complex information and statistics, so good maths and numeracy skills are vital, as well as being a strong problem solver. You may be self-employed as a consultant, or you may be directly employed by a company or government.
What do I need to do to become an economist?
You will need a good degree in economics or a related subject, such as statistics, maths, or business studies. A postgraduate degree in economics is highly desirable.
To start an economics-based degree course, you usually need at least five GCSEs (A-C), plus three A levels (or equivalent), including maths or economics.
- Three A levels, including maths or economics, or equivalent relevant Level 3 qualifications
- Undergraduate degree in statistics, maths, business studies, or economics
- Postgraduate degree in economics