In addition to working full time at a business or university, some economists consult part-time. Applicants with a bachelor's degree may face strong competition for jobs. Economists work in many fields including academia, government and in the private sector, where they may also "...study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. Some economists work for business firms engaged in a wide range of activities including financial service firms – like banks, insurance companies, and credit card companies – but also including manufacturing firms, health care companies, retailers, airlines, agribusinesses, etc. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. Their analyses and forecasts are frequently published in newspapers and journals. Find schools for Economists near you! They prepare budget reports and monitor institutional spending. Federal, state and local branches need economic expertise for such positions as urban planners, financial analyst, internal revenue examiner, intelligence specialist, lobbyist and international trade economist. Financial analysts provide guidance to businesses and individuals making investment decisions. A master's degree or Ph.D. is required for most economist jobs. On a daily basis, Economists study economic and statistical data in area of specialization, such as finance, labor, or agriculture. Many PhD economists become postsecondary teachers. Some economists work from home, and others may be required to travel as part of their job or to attend conferences. The median annual wage for economists is $105,020. Writing skills. Such organizations often need financial projections in order to keep themselves afloat, as they rely on public, private and individual funding. Some economists study the cost of products, healthcare, or energy, while others examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates. Researchers in academia are tasked with studying various trends in order to provide necessary information to guide policy makers and others. Aspiring economists can gain valuable experience from internships where the work involves gathering and analyzing data, researching economic issues and trends, and writing reports on their findings. However, there are some jobs with which you may not be familiar. Economists must be able to explain their work to others. How to Become One: Most economists need a master’s degree or Ph.D. With nearly 1.3 million nonprofit agencies operating in the United States alone, it’s clear that nonprofits play a vital role in our […]. Nonprofit agencies hire economists in a wide array of roles. One of their main duties is to furnish these institutions with current information pertaining to the economy, which aides management in making informed decisions about how to price and market their goods or services in the competitive business environment. Although the majority of economists work independently in an office, many collaborate with other economists and statisticians. Economists must be able to present their findings clearly. Teachers, instructors and professors provide direct education among the tenants of economics for future professionals in the field. Speaking skills. Postsecondary teachers instruct students in a wide variety of academic and technical subjects beyond the high school level. Best Affordable Online Master’s in Economics Degree Programs. They assess the performance of stocks, bonds, and other types of investments. Financial advisers are often employed through banks or private firms to advise individuals regarding their investments. Actuaries' work is essential to the insurance industry. That’s up from... As technology becomes an ever-increasing part of our lives, the demand for information systems security experts grows, and with it, the need for online Ph.D. information security programs. The link will open in a new tab so that you can come back to this page to continue reading about the career: Our Senior Economist will use Growth Destiny's proprietary model in conjunction with outside data sources to develop labor market and occupational insights, share these insights with the press ... Bilingual Preferred Market research analysts typically do the following: * Monitor and forecast marketing and sales trends * Measure the effectiveness of marketing programs and strategies * Devise ... IBM seeks a Data Analyst - Mainframe.

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