How to become a Economist

Economists perform economic research and analysis, and develop and apply theories relating to the production and distribution of goods and services and people's spending behaviour. Economists advise and provide forecasts to governments and businesses on matters such as taxation levels, wages and prices, employment and unemployment, imports and exports, and interest and exchange rates. They investigate international or national economic situations, or particular features such as industries or regions.

Personal requirements of a Economist

  • Able to think logically and analytically
  • Able to discuss views clearly
  • Able to write concisely
  • Good at mathematics and statistical analysis

Education & Training for a Economist

To become an economist you usually have to complete a degree in economics at university. To get into these courses you usually need to gain your Senior Secondary Certificate of Education. Prerequisite subjects, or assumed knowledge, in one or more of English and mathematics are normally required. Universities have different prerequisites and some have flexible entry requirements or offer external study. Contact the institutions you are interested in for more information. For further details, visit www.gooduniversitiesguide.com.au.

Avg. weekly wage:

$2,128

Future growth:

relatively steady

Employment by state:

ACT 8.9%

NSW 37%

NT 0.6%

QLD 6.9%

SA 3.7%

TAS 0%

VIC 37.3%

WA 5.6%

Hours worked:

39.2

Unemployment:

average

Gender split:

Proportion of male workers 75.4%

Proportion of female workers 24.6%

Education level:

Proportion of workers who have not completed Year 10: 0%

Proportion of workers who have not completed Year 12: 0%

Proportion of workers whose highest qualification is secondary school: 0%

Proportion of workers whose highest qualification is a Certificate 3 or 4: 0%

Proportion of workers whose highest qualification is a Diploma or Advanced Diploma: 0%

Proportion of workers whose highest qualification is a Bachelor degree: 52.2%

Proportion of workers whose highest qualification is a Postgraduate Diploma or Graduate Certificate: 47.8%

Age bracket:

Proprortion of workers aged below 35 years: 22.9%

Proportion of workers aged above 35 years: 77.1%

*The data above is sourced from the Department of Employment’s Job Outlook website.




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