Industrial economist - Salary and Career

Industrial 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 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 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).

Salary ranges for the Industrial economist

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:

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:

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

  • 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

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