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An Economist analyses financial information and makes recommendations based on that research. You might provide advice to large organisations such as government departments or to private businesses and companies. Economists might look at customer behaviour, general spending habits or issues with production and supply. You might prepare a report or give a presentation on your findings.
Economists should have strong analytical skills and an excellent knowledge of current economical issues. It’s important that you can communicate well and address the needs of your clients. Economists should be able to work with large volumes of information and prepare written or verbal reports.
There are 18 courses available for people who want to become an Economist. These are the top 5 most popular courses.
Possible job outcomes:
The Bachelor of Commerce (Business Economics) provides students with a profound understanding of core economic disciplines. Graduates will possess expertise in areas such as microeconomics, macroeconomics, international trade theory, and econometrics. Emphasising both theoretical and practical insights, this course ensures that students are not only well-versed in economic principles but also equipped with the professional skills needed for a successful career. As socially responsible economists, they'll be prepared to make impactful contributions in both the private and public sectors..
Average duration: 3 years.
The Bachelor of Business (Economics) delves into how resources are allocated among people and organisations. The focus is on topics such as consumer and business behaviour, job markets, and global trade. Graduates are prepared to understand economies on both large and small scales. Possible career paths include roles like economist, investment analyst, or strategist. The course material emphasizes the theories of economics and how government policies affect economic activities, including supply and demand and pricing..
The Bachelor of Business (Business Analytics) centers on data collection, analysis, and interpretation to inform strategic decisions in organizations. Students will acquire skills in statistical methods, Structured Query Language (SQL), and data management. This course also covers vital aspects like data confidentiality and security, financial and economic modeling, and measuring marketing effectiveness. It prepares students to excel in the era of big data, providing them with the tools to make data-driven decisions across various business areas..
The Bachelor of Arts (Economics) offers valuable insights into the intersections of business, government, and data analysis. This course equips students with essential skills for various sectors like financial markets, marketing, international trade, logistics, and consultancy. It aims to foster understanding of economic phenomena, data analysis, and decision-making processes. From exploring macroeconomics to applied economic policies, it incrementally enhances economic knowledge. Furthermore, it delves into societal economic interactions and how resources are utilized, illuminating the workings of our global economy..
If you want a career in the world of business and finance, the Bachelor of Economics is perfect for aspiring economic advisors, modellers, and analysts. You’ll gain essential knowledge of microeconomics, macroeconomics, business statistics and analytics, then pursue a study major to support your career interests. BEC study majors may include: applied economics, environmental analysis and policy, economic development, data analytics, macroeconomics and financial markets. You may also benefit from completing this program as a double-degree alongside supporting disciplines: commerce, mathematics, computer science, law, or education. Enquire now for admissions information, the full list of study majors, and universities near you that offer the Bachelor of Economics..
In Australia, a full time Economist generally earns $1,900 per week ($98,800 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.
There has been strong employment growth in this industry in recent years. There are currently 4,800 people employed as an Economist in Australia, compared to 3,000 five years ago. Economists may find work across all regions of Australia, particularly larger towns and cities.
Source: Australian Government Labour Market Insights
If you’re interested in a career as an Economist, consider enrolling in a Bachelor of Applied Entrepreneurship. This course will give you this skills to identify business opportunities, devise and test business models and apply modern marketing technologies.
We’ll find nearby campuses and check if you’re eligible for funding in your state.
Here are some potential career pathways within consulting and strategy. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Consulting and Strategy
Agricultural Economist
$1,250 weekly pay
Business Specialist
$1,540 weekly pay
Corporate Finance Analyst
Data Business Analyst
Economic Analyst
$1,480 weekly pay
Economic Forecaster
Information Analyst
Innovation Strategist
International Development Consultant
$1,970 weekly pay
International Relations Specialist
$1,609 weekly pay
Performance Analyst
$1,730 weekly pay
Resource Economist
Strategic Advisor
Strategic Planner
Technology Consultant
$1,820 weekly pay
Acquisition Manager
$1,500 weekly pay
Actuarial Consultant
Analytics Consultant
Business Adviser
Business Analyst
$1,920 weekly pay
Business Architect
Business Consultant
Business Data Analyst
Business Development Consultant
Business Process Analyst
Business Process Manager
Change And Communications Manager
$2,300 weekly pay
Change Management Consultant
Chartered Financial Analyst
Chief Marketing Officer (CMO)
Corporate Services Manager
$2,958 weekly pay
Credit Risk Analyst
Design Consultant
Digital Business Analyst
$2,100 weekly pay
Digital Transformation Manager
$2,675 weekly pay
Economics Consultant
Economist
$1,900 weekly pay
Financial Analyst
$2,125 weekly pay
Financial Engineer
Global Management Consultant
$2,115 weekly pay
Global Supply Chain Manager
$2,410 weekly pay
Government Consultant
$5,000 weekly pay
Head of Digital Strategy Transformation
$3,500 weekly pay
Health Economist
Innovation Consultant
$2,215 weekly pay
International Business Consultant
International Business Strategist
International Trade Specialist
Investment Consultant
Macroeconomist
Management Consultant
Market Research Consultant
Marketing Consultant
Operations Analyst
Organisational Development Consultant
Project Management Consultant
Public Affairs Consultant
Senior Business Analyst
Strategic Analyst
Strategy Consultant
Strategy Manager
Venture Capitalist
Learn more about Economist courses in your area.