Economists

Career Cluster: Informer
Economists make good at analysing and solving complex economic problems.

Economists have a fascinating and rewarding career that allows them to explore and analyse complex economic systems and trends. They have the opportunity to work in a variety of settings, including government agencies, research institutions, and private companies. Economists are constantly learning and adapting to new challenges, which keeps their work interesting and engaging. They have the ability to make a real impact on society by providing insights and recommendations that can inform policy decisions and improve economic outcomes. Additionally, economists often work in collaborative teams, which allows them to share ideas and perspectives with colleagues from diverse backgrounds. Overall, the work of economists is intellectually stimulating, socially relevant, and highly rewarding.

Possible Pathways
To become an economist, individuals typically need a bachelor’s degree in economics or a related field, with coursework in statistics, mathematics, and econometrics. Many economists also pursue advanced degrees, such as a master’s or Ph.D., to increase their job prospects and earning potential. Additionally, economists may benefit from completing internships or gaining work experience in the field through research or analysis positions.

Stable

projected growth

Small

size of field

Average

hours worked
Enterprise
Interest areas
Most Common industries
Data Analysis
economic theory
forecasting
Policy Analysis
statistical modeling
core skills

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Projected Growth Source: Jobs and Skills Australia, labourmarketinsights.gov.au, 2021 Employment projections for the five years to 2026.
Size of Field Source: ANZSCO 4-digit occupations: ABS Labour Force Survey, February 2023, custom trend.
Hours Worked Source: ABS Survey of Employee Earnings and Hours, May 2021, Customised Report.