How much does an Industrial economist earn
A Industrial economist earns between $2.525 and $12.084 per month, with an average monthly salary of $5.243 and a median salary of $4.500 according to an Averwage.com 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 1.592 professionals hired and dismissed by the period from 06/2021 to 05/2022 (last year).
| Monthly Salary | Annual Salary | Salary Per Week | Hourly Salary | |
| Average wage | 5.243 | 62.919 | 1.311 | 25 |
| 1º Quartile | 2.525 | 30.297 | 631 | 12 |
| Median Salary | 4.500 | 54.000 | 1.125 | 21 |
| 3º Quartile | 9.216 | 110.590 | 2.304 | 44 |
| Higher Salary | 12.084 | 145.010 | 3.021 | 57 |
Professional job categories
- Science and arts professionals
- professionals of the social sciences and humanities
- social scientists, psychologists
- economists
Related Positions:
- Budget control analyst (economist)
- Public policy analyst (economist)
- Supply Chain Analyst (Economist)
- Economic arbitrator
- Regional development analyst (economist)
- Agro-industrial economist
- Industrial product analyst (economist)
- Economic studies analyst
- Public sector economist
- International market analyst
- Economic analyst
- Economic-financial analyst
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 Industrial economist
Economists must:
Activities
- estimate social and environmental impacts (externalities);
- develop indicators;
- demonstrate ability to use computer resources;
- demonstrate leadership ability;
- demonstrate verbal ability in foreign languages;
- analyze political-institutional environment;
- process data;
- perform financial statement analysis;
- delineate problem;
- reveal critical judgment;
- plan investments (capital budgets);
- subsidize decisions;
- perform sectoral and regional analyses;
- dialogue with the media;
- give lectures;
- define methodology;
- write articles, books, economic bulletins and reports;
- collect data;
- select funding sources;
- establish an arbitration award;
- work as a team;
- verify company information (due diligence);
- confronting alternative costs;
- define products and results;
- mediate conflicts of interest;
- ask for comparative advantages;
- display communications at events;
- mediate conflicts of interest;
- determine sources;
- measure consequences of actions;
- assist in the formulation of trade policies;
- show creativity;
- define schedule;
- define a schedule;
- formulate abstract concepts;
- representing interests in national and international negotiations;
- calculate company market value;
- scaling human and physical resources;
- creating financial products;
- apply quantitative methods;
- identify opportunities and threats in the environment and in the organization;
- list action alternatives;
- analyze long-term trends;
- estimate private costs;
- manage risks;
- browse bibliography;
- monitor market indicators;
- keep up to date;
- interpret results;
- estimate results;
- identify market structure (competition);
- recommend policies;
- interpret results;
- coordinate projects;
- pricing products and services;
- manage databases;
- analyze conjunctures;
- build scenarios;
- budget projects;
- propose actions;
- manage customer portfolio (portfolio);
- indicate merger, acquisition, partnership, etc;
- criticize data;
- generate evaluation parameters;
- estimate profitability and economic-financial viability;
- detect new markets;
- verify implementation of proposed actions;
- checking barriers to competition;
- confront alternative costs;
- indicate merger, acquisition, partnership etc;
- recruit staff;
- assess adequacy of actions to the problem;
- transmit knowledge;
- show creativity;
- justify project;
- demonstrate logical reasoning;
- predict competitors' performance;
- teach courses;
- delimit object;
- establish arbitration award;
- subsidizing the formulation of rules, regulations and contracts;
- suggest technology adoption;
- value equity;
- criticize data;
- indicate merger, acquisition, partnership etc;
- adapt language to the audience;
- manage cash flow;
- negotiate projects;
- monitoring compliance with regulations;
- analyze socio-economic and environmental sustainability;
- train staff;
- issuing reports and opinions;
- assist in marketing policies;
- develop collection instruments;
- perform credit analysis;
- estimate demand;
- monitor budget execution;
Sectors that hire Industrial economist the most in the job market
- combined office and administrative support services
- engineering services
- temporary labor lease
- information technology consulting
- development and licensing of non-customizable computer programs
- activities of associations for the defense of social rights
- manufacture of allopathic medicines for human use
- industrial assembly works
- manufacture of other food products
- retailer of clothing and accessories
