An Economist uses economic theories to provide advice and make forecasts.Nature of the job
As an Economist, your areas of research can cover many aspects of social and economic policy. You could be working in the Central Bank of Malaysia, covering interest rates, exchange rates, employment levels etc. You could also work in financial institutions, employing various modelling techniques to develop financial forecasts or in government agencies where you assess areas such as the impact of infrastructure development or the implications of policy implementation. Your research study will be heavily relied upon by the industry so no pressure!
Qualifying as an Economist is not easy as you have to demonstrate excellent academic results. Often, you are encouraged to pursue a Masters, MBA or PhD in this field to progress. Entry level salary in this role is usually above average and can vary depending on the industry. You will also need the necessary communication skills to be able to simplify and covey economic ideas to others. Work will primarily be in an office setting with the standard working hours of 9-5pm.
Career Progress: Assistant Economist / Research Analyst > Economist / Economic Adviser / Economic Consultant