Economist | Average UK Salary & Outlook

Economists advise government departments, businesses, banks and other organisations about the economy.

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
  • Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models
Read more about Economist

Economists typically work around 37 to 39 hours per week.

As a Economist you will typically work between 8am and 6pm.

This occupation tends to be:

  • Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising — Enterprising occupations frequently involve starting up and carrying out
Read more about Economist
* from ONETonline
Average salary
71,284 GBP *
per year
25,000 GBP
80,000 GBP
Starting
5+ Experience
* data taken from the Office of National Statistics (ons.gov.uk)
Average salary for Economist
  • 40,096 GBP
Average salary for full-time Economist

Showing:
  • 71,284 GBP
  • 40,096 GBP
Salary over time for Economist

Salary for this role has increased over time
  • 62,070 GBP
  • 62,603 GBP
  • 64,136 GBP
  • 60,058 GBP
  • 56,442 GBP
  • 71,284 GBP
  • 64,118 GBP
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Future outlook for Economists

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Balanced outlook
8 000+ jobs available
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Balanced outlook
0% yearly wage growth (on average)
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Very good outlook
23% chance of automation in the future

Economist - Your future job?


Which qualifications do I need?

Find out what you need to know in order to become a Economist and the highest average level of education for people in this role.

In terms of people already doing this job:

  • 61% of people in this role have a Doctoral degree
  • 30% of people in this role have a Master's degree
  • 4% of people in this role have a Post master's certificate

You'll need:

  • maths knowledge
  • knowledge of economics and accounting
  • analytical thinking skills
  • excellent verbal communication skills
  • to be thorough and pay attention to detail
  • ambition and a desire to succeed
  • excellent written communication skills
  • the ability to think clearly using logic and reasoning
  • to be able to carry out basic tasks on a computer or hand-held device

Get the right qualification to begin your journey to becoming a Economist

Economics

Things to highlight for your Economist interview

Dependability Job requires being reliable, responsible, and dependable, and fulfilling obligations. Cooperation Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. Attention to Detail Job requires being careful about detail and thorough in completing work tasks. Self Control Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. Social Orientation Job requires preferring to work with others rather than alone, and being personally connected with others on the job.

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