Economist - Salary and Career

Economist - Career description, activities, functions and salary

They analyze the economic environment, design and execute economic, market and economic feasibility research projects, among others. They participate in strategic and short-term planning and assess collective impact policies for the government, NGOs and other organizations. They manage economic-financial programming, operate in domestic and foreign markets, examine corporate finances. They can exercise mediation, expertise and arbitration.

How much does an Economist earn

A Economist earns between $2.031 and $17.576 per month, with an average monthly salary of $6.358 and a median salary of $4.931 according to an salary survey along with to data of professionals hired and fired by companies in the labor market.

Our research is based on the salaries of 1.872 professionals hired and dismissed by the period from 06/2021 to 05/2022 (last year).

Salary ranges for the Economist

Monthly Salary Annual Salary Salary Per Week Hourly Salary
Average wage 6.358 76.302 1.590 31
1º Quartile 2.031 24.366 508 10
Median Salary 4.931 59.172 1.233 24
3º Quartile 13.404 160.850 3.351 65
Higher Salary 17.576 210.912 4.394 85

Professional job categories

  • Science and arts professionals
    • professionals of the social sciences and humanities
      • social scientists, psychologists
        • economists

Related Positions:

Main workplaces

Economists they work in companies of various economic activities such as financial intermediation, insurance and private pension, public administration, social security, economic consulting companies, in agriculture, livestock, industry and services related to these activities, in wholesale trade and trade intermediaries. They are mostly statutory or salaried employees with a formal contract, work as a team, with permanent supervision, in a closed environment and during daytime hours.

What does it take to work in the field of Economists

The exercise of these occupations requires a higher degree in economic sciences or a postgraduate degree in economics and registration with the Regional Council of Economics. The full performance of activities occurs after one or two years of experience in the area.

Functions and activities of Economist

Economists must:

  • elaborate projects (economic research, markets, economic feasibility etc);
  • work in internal and external markets;
  • examine corporate finance;
  • evaluate collective impact policies (government, ngos, other organizations);
  • exercise mediation, expertise and arbitration;
  • demonstrate personal skills;
  • elaborate projects (economic research, market research, economic feasibility etc);
  • communicate;
  • evaluating collective impact policies (government, ngos, other organizations);
  • manage economic-financial programming;
  • acting in internal and external markets;
  • participate in strategic and short-term planning;
  • exercising mediation, expertise and arbitration;
  • execute projects (economic research, market research, economic feasibility etc);
  • analyze economic environment;
  • act in internal and external markets;
  • acting in domestic and foreign markets;

  • Activities

    • measure consequences of actions;
    • mediate conflicts of interest;
    • teach courses;
    • demonstrate verbal ability in foreign languages;
    • propose actions;
    • demonstrate ability to use computer resources;
    • generate evaluation parameters;
    • calculate company market value;
    • analyze long-term trends;
    • show creativity;
    • pricing products and services;
    • justify project;
    • budget projects;
    • perform credit analysis;
    • analyze socio-economic and environmental sustainability;
    • define a schedule;
    • plan investments (capital budgets);
    • manage cash flow;
    • indicate merger, acquisition, partnership etc;
    • estimate private costs;
    • manage risks;
    • negotiate projects;
    • indicate merger, acquisition, partnership etc;
    • write articles, books, economic bulletins and reports;
    • criticize data;
    • manage databases;
    • value equity;
    • delimit object;
    • ask for comparative advantages;
    • estimate demand;
    • formulate abstract concepts;
    • show creativity;
    • mediate conflicts of interest;
    • confront alternative costs;
    • suggest technology adoption;
    • verify company information (due diligence);
    • display communications at events;
    • interpret results;
    • subsidize decisions;
    • list action alternatives;
    • coordinate projects;
    • monitoring compliance with regulations;
    • define products and results;
    • define schedule;
    • keep up to date;
    • predict competitors' performance;
    • verify implementation of proposed actions;
    • adapt language to the audience;
    • assess adequacy of actions to the problem;
    • checking barriers to competition;
    • dialogue with the media;
    • demonstrate leadership ability;
    • transmit knowledge;
    • monitor budget execution;
    • confronting alternative costs;
    • manage customer portfolio (portfolio);
    • estimate profitability and economic-financial viability;
    • detect new markets;
    • analyze political-institutional environment;
    • demonstrate logical reasoning;
    • assist in marketing policies;
    • perform sectoral and regional analyses;
    • apply quantitative methods;
    • browse bibliography;
    • collect data;
    • monitor market indicators;
    • indicate merger, acquisition, partnership, etc;
    • criticize data;
    • develop indicators;
    • reveal critical judgment;
    • issuing reports and opinions;
    • identify opportunities and threats in the environment and in the organization;
    • perform financial statement analysis;
    • work as a team;
    • scaling human and physical resources;
    • representing interests in national and international negotiations;
    • develop collection instruments;
    • subsidizing the formulation of rules, regulations and contracts;
    • train staff;
    • delineate problem;
    • give lectures;
    • estimate results;
    • establish an arbitration award;
    • establish arbitration award;
    • determine sources;
    • assist in the formulation of trade policies;
    • analyze conjunctures;
    • build scenarios;
    • identify market structure (competition);
    • estimate social and environmental impacts (externalities);
    • recruit staff;
    • process data;
    • select funding sources;
    • recommend policies;
    • interpret results;
    • define methodology;
    • creating financial products;

    Sectors that hire Economist the most in the job market

    • document preparation and specialized administrative support services
    • combined office and administrative support services
    • business management consulting activities
    • fund management activities by contract or commission
    • accounting activities
    • temporary labor lease
    • securities and securities brokers
    • multiple banks, with commercial portfolio
    • other service activities provided mainly to companies
    • activities of associations for the defense of social rights

    Featured Professions: