Types of Economist Jobs
Macroeconomist
A macroeconomist studies the overall functioning and performance of an economy, focusing on large-scale economic factors such as inflation, unemployment, and national income. They analyze trends and develop models to forecast economic growth and policy impacts. Macroeconomists often work for government agencies, research institutions, or international organizations. Their work helps inform fiscal and monetary policy decisions. They may also publish research in academic journals or advise policymakers.
Microeconomist
A microeconomist examines the behavior of individuals and firms in making decisions regarding the allocation of resources. They study supply and demand, pricing, and consumer behavior at a granular level. Microeconomists often work in academia, consulting, or private industry. Their analyses help businesses optimize operations and governments design effective regulations. They may also contribute to policy debates on issues like competition and market efficiency.
Financial Economist
A financial economist focuses on the functioning of financial markets and the impact of financial policies. They analyze trends in stocks, bonds, and other financial instruments. Financial economists often work for banks, investment firms, or regulatory agencies. Their insights help guide investment strategies and regulatory frameworks. They may also assess the risks and returns of various financial products.
Development Economist
A development economist studies economic development and growth in low- and middle-income countries. They analyze issues such as poverty, inequality, and the effectiveness of aid programs. Development economists often work for international organizations, NGOs, or government agencies. Their research informs policies aimed at improving living standards and promoting sustainable growth. They may also evaluate the impact of specific development projects.
Environmental Economist
An environmental economist examines the economic impact of environmental policies and natural resource use. They analyze costs and benefits of environmental regulations, pollution control, and conservation efforts. Environmental economists often work for government agencies, research institutions, or consulting firms. Their work helps design policies that balance economic growth with environmental sustainability. They may also assess the value of ecosystem services and natural resources.
Entry Level Job Titles
Research Assistant (Economics)
A research assistant in economics supports senior economists by gathering data, conducting literature reviews, and performing basic statistical analyses. They may help prepare reports and presentations for internal or external audiences. This role is often a stepping stone for recent graduates seeking experience in economic research. Research assistants work in academic, government, or private sector settings. They gain valuable skills in data analysis and economic modeling.
Junior Economist
A junior economist assists in data collection, economic analysis, and report writing under the supervision of more experienced economists. They may contribute to economic forecasts, policy evaluations, or market studies. This position is suitable for individuals with a bachelor’s or master’s degree in economics. Junior economists often work in government agencies, think tanks, or consulting firms. The role provides foundational experience for career advancement.
Economic Analyst
An economic analyst collects and interprets economic data to support business or policy decisions. They may prepare charts, graphs, and written summaries of economic trends. Economic analysts often work in finance, consulting, or government. The position requires strong quantitative and communication skills. It serves as a gateway to more advanced economist roles.
Policy Analyst (Economics)
A policy analyst with an economics focus evaluates the potential impacts of proposed policies or regulations. They use economic models and data to assess costs, benefits, and unintended consequences. Policy analysts work for government agencies, advocacy groups, or research organizations. The role involves both quantitative analysis and written communication. It is ideal for those interested in the intersection of economics and public policy.
Data Analyst (Economics)
A data analyst in economics specializes in managing and analyzing large datasets relevant to economic research. They use statistical software to identify trends and patterns. Data analysts may work in academia, government, or the private sector. The role requires proficiency in data management and statistical analysis. It provides a strong foundation for more specialized economist positions.
Mid Level Job Titles
Economist
An economist conducts independent research, analyzes economic data, and develops models to inform business or policy decisions. They may specialize in areas such as labor, health, or international economics. Economists often present findings to stakeholders and contribute to published reports or academic papers. This role typically requires a master’s or PhD in economics and several years of experience. Economists work in government, academia, or the private sector.
Senior Economic Analyst
A senior economic analyst leads research projects, supervises junior staff, and provides expert analysis on complex economic issues. They may develop forecasts, evaluate policy impacts, or advise on strategic decisions. Senior economic analysts often work in consulting, finance, or government. The role requires advanced analytical skills and experience with economic modeling. They play a key role in shaping organizational strategy.
Policy Economist
A policy economist specializes in evaluating and developing public policies using economic theory and data. They may work on issues such as taxation, healthcare, or trade. Policy economists often collaborate with government officials, advocacy groups, or international organizations. The role involves both quantitative analysis and policy writing. It requires a strong understanding of both economics and the policy-making process.
Economic Consultant
An economic consultant provides expert advice to businesses, governments, or legal teams on economic matters. They may analyze market trends, assess damages in litigation, or evaluate regulatory impacts. Economic consultants often work for consulting firms or as independent contractors. The role requires strong analytical and communication skills. It offers opportunities to work on a variety of challenging projects.
Quantitative Economist
A quantitative economist uses advanced mathematical and statistical techniques to analyze economic data and develop models. They may work in finance, research, or government. Quantitative economists often focus on areas such as risk assessment, forecasting, or econometrics. The role requires expertise in programming and quantitative methods. They contribute to data-driven decision-making and policy analysis.
Senior Level Job Titles
Senior Economist
A senior economist leads research teams, manages large projects, and provides strategic guidance on economic issues. They are responsible for high-level analysis and often represent their organization in public forums. Senior economists may publish influential research or advise top executives and policymakers. The role requires extensive experience and a strong track record in economic research. Senior economists are recognized experts in their field.
Principal Economist
A principal economist is a top-level expert who oversees major research initiatives and sets the direction for economic analysis within an organization. They mentor junior staff and ensure the quality of research outputs. Principal economists often have significant influence over policy or business strategy. The role requires deep expertise and leadership skills. They are often called upon to provide expert testimony or public commentary.
Lead Economist
A lead economist manages teams of economists and analysts, coordinating research efforts and ensuring alignment with organizational goals. They are responsible for delivering high-impact analysis and recommendations. Lead economists often interact with senior management or government officials. The role requires both technical expertise and strong leadership abilities. They play a key role in shaping economic policy or business strategy.
Chief Economist
A chief economist is the highest-ranking economist in an organization, responsible for setting the overall research agenda and providing strategic economic advice. They often serve as the public face of the organization on economic matters. Chief economists lead large teams and oversee major projects. The role requires exceptional analytical, communication, and leadership skills. They influence key decisions at the highest levels.
Director of Economic Research
A director of economic research oversees all economic research activities within an organization. They manage research teams, allocate resources, and ensure the quality and relevance of research outputs. Directors often set long-term research priorities and represent the organization in external engagements. The role requires extensive experience in economic research and management. They play a critical role in shaping the organization’s research strategy.
Director Level Job Titles
Director of Economics
A director of economics leads the economics department, setting strategic priorities and overseeing all research and analysis activities. They manage teams of economists and analysts, ensuring high-quality outputs. Directors of economics often interact with senior executives or government officials. The role requires strong leadership, management, and communication skills. They are responsible for aligning economic research with organizational goals.
Director of Economic Policy
A director of economic policy develops and implements strategies for economic policy analysis and advocacy. They oversee teams working on policy research, evaluation, and communication. Directors of economic policy often represent their organization in policy discussions and public forums. The role requires deep expertise in economics and public policy. They play a key role in shaping policy agendas and influencing decision-makers.
Director of Economic Analysis
A director of economic analysis manages the team responsible for conducting economic analyses and forecasts. They ensure the accuracy and relevance of economic reports and presentations. Directors of economic analysis often advise senior management on economic trends and risks. The role requires advanced analytical and leadership skills. They are instrumental in guiding organizational strategy based on economic insights.
Director of Research (Economics)
A director of research in economics oversees all research projects and ensures alignment with organizational objectives. They manage research staff, set research priorities, and ensure the quality of outputs. Directors of research often collaborate with external partners and represent the organization in academic or policy forums. The role requires extensive research experience and strong management skills. They are responsible for the overall success of the research function.
Director of Economic Development
A director of economic development leads initiatives to promote economic growth and development within a region or organization. They design and implement programs to attract investment, create jobs, and improve economic conditions. Directors of economic development often work for government agencies or economic development organizations. The role requires expertise in economic analysis, project management, and stakeholder engagement. They play a key role in shaping regional or organizational economic strategies.
VP Level Job Titles
Vice President of Economics
A vice president of economics is a senior executive responsible for overseeing all economic research and analysis activities within an organization. They set strategic direction, manage large teams, and ensure the quality and impact of economic insights. VPs of economics often report directly to the CEO or board of directors. The role requires exceptional leadership, analytical, and communication skills. They play a critical role in shaping organizational strategy and policy.
Vice President of Economic Research
A vice president of economic research leads the research division, setting priorities and ensuring the delivery of high-quality economic analysis. They manage senior economists and research teams, allocate resources, and represent the organization in external engagements. The role requires deep expertise in economic research and strong management abilities. VPs of economic research influence key decisions and drive innovation in research methodologies.
Vice President of Economic Policy
A vice president of economic policy oversees the development and implementation of policy analysis and advocacy strategies. They lead teams working on policy research, evaluation, and communication. VPs of economic policy often engage with policymakers, stakeholders, and the public. The role requires a strong background in economics and public policy. They play a key role in shaping the organization’s policy agenda.
Vice President of Economic Development
A vice president of economic development leads efforts to promote economic growth and development at a regional, national, or organizational level. They design and oversee programs to attract investment, create jobs, and improve economic conditions. VPs of economic development often work for government agencies, corporations, or development organizations. The role requires expertise in economic analysis, project management, and stakeholder engagement. They are instrumental in driving economic growth strategies.
Vice President of Quantitative Research
A vice president of quantitative research oversees teams specializing in advanced economic modeling and quantitative analysis. They set research priorities, ensure methodological rigor, and drive innovation in quantitative techniques. VPs of quantitative research often work in finance, consulting, or research organizations. The role requires deep expertise in quantitative methods and strong leadership skills. They play a key role in advancing the organization’s analytical capabilities.
How to Advance Your Current Economist Title
Pursue Advanced Education
Obtaining a master’s or PhD in economics or a related field can significantly enhance your qualifications and open up opportunities for advancement. Advanced degrees provide deeper knowledge of economic theory, quantitative methods, and research techniques. They are often required for senior and specialized economist roles. Continuing education through workshops and certifications can also be beneficial. Staying current with the latest research and methodologies is essential for career growth.
Gain Specialized Experience
Developing expertise in a specific area of economics, such as health, labor, or environmental economics, can make you more valuable to employers. Specialization allows you to take on more complex projects and leadership roles. Gaining experience through research projects, consulting assignments, or policy work can help build your reputation. Publishing research and presenting at conferences can also enhance your profile. Specialized experience is often a key factor in promotions.
Build a Professional Network
Networking with other economists, policymakers, and industry professionals can provide valuable opportunities for collaboration and career advancement. Attending conferences, joining professional associations, and participating in online forums can help you stay connected. Building relationships with mentors and colleagues can lead to new job opportunities and professional growth. Networking also helps you stay informed about industry trends and best practices. A strong professional network is essential for long-term success.
Demonstrate Leadership Skills
Taking on leadership roles in projects or teams can showcase your ability to manage people and resources effectively. Leadership experience is often required for senior and management positions. Volunteering for challenging assignments, mentoring junior staff, and leading research initiatives can help you develop these skills. Demonstrating leadership can also increase your visibility within your organization. Strong leadership abilities are critical for advancing to higher-level roles.
Enhance Analytical and Communication Skills
Strong analytical skills are essential for conducting high-quality economic research and analysis. Improving your proficiency with statistical software, data analysis, and economic modeling can set you apart from your peers. Effective communication skills are also important for presenting findings and influencing decision-makers. Taking courses or workshops in data analysis, public speaking, and technical writing can be beneficial. Continually improving these skills is key to career advancement.
Similar Economist Careers & Titles
Statistician
A statistician collects, analyzes, and interprets data to help organizations make informed decisions. They use mathematical techniques to identify trends and patterns in data. Statisticians often work in government, healthcare, or research organizations. Their work overlaps with economists, especially in quantitative analysis and modeling. They play a key role in designing surveys and experiments.
Data Scientist
A data scientist uses advanced analytics, machine learning, and statistical methods to extract insights from large datasets. They often work in technology, finance, or consulting. Data scientists develop predictive models and data-driven solutions to business problems. Their work is similar to that of economists in terms of data analysis and modeling. They are in high demand across many industries.
Financial Analyst
A financial analyst evaluates financial data to guide investment decisions and assess the performance of companies or markets. They often work in banks, investment firms, or corporations. Financial analysts use economic principles to forecast trends and assess risks. Their work is closely related to that of financial economists. They play a key role in financial planning and strategy.
Policy Analyst
A policy analyst researches and evaluates the effects of proposed policies or regulations. They use economic and statistical methods to assess costs, benefits, and impacts. Policy analysts work for government agencies, think tanks, or advocacy organizations. Their work often overlaps with that of economists, especially in public policy analysis. They contribute to the development and evaluation of public policies.
Market Research Analyst
A market research analyst studies market conditions to help companies understand potential sales of a product or service. They analyze data on consumers, competitors, and market trends. Market research analysts often work in marketing, consulting, or business development. Their work involves economic analysis and forecasting. They provide insights that inform business strategy and product development.