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Economist

Aliases: Business Analyst

Industry/Sector(s): Education, Training and Research


JOB DESCRIPTION 1

The tasks an Economist is expected to perform include:

  • Studying, conducting research, preparing reports and formulating plans designed to aid in solving economic problems arising from production and distribution of goods and services
  • Studying the process through which man makes a living and satisfies his/her wants for products, shelter, service or amusement
  • Studying conditions favouring or hampering economic development
  • Devising methods for collection and analysis of economic and statistical data
  • Compiling and interpreting data
  • Preparing reports and formulating plans based on studies in the field of economics
  • Advising and consulting private industrial concerns or government agencies on matters such as operating efficiency, marketing methods and fiscal problems
WORK ENVIRONMENT 1, 2
  • It is a desk job
  • Need not handle a team
  • Local travelling may be part of this job role
  • Part-time work and contractual jobs may be available
  • Work from home option is not available
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system may be available
  • Overtime may be required
Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Leg (OL), Both Legs Handicapped (BL), One Arm (OA), One Arm and One Leg (OAL), Both Eyes with Low Vision (BLV) and those who have their Hearing Impaired (HH)

​​​This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 4

Preferably, M.A. in economics

KEY COMPETENCIES 1
  • Skilled in interpreting data
  • Ability to use statistical tools
DESIRABLE COMPETENCIES 4
  • Good communication skills
  • Hard-working​​
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 

Universities offering economics across India

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 

For scholarship and schemes, use further links like:

  • https://scholarships.gov.in/
SAMPLE OF TRAINING AND LEARNING COURSES 

http://puchd.ac.in/includes/syllabus/2010/20100921161840-m-a-economics-parts-i-ii.pdf?201603524812

CAREER PROGRESSION PATH 1
​Chief Economist
     ↑
Economist → Teacher
     ↑
Assistant Economist​
The progression is indicative​​
EXPECTED EARNINGS 4
  • For candidates with experience - Rs 83,600 to Rs 1,25,000 per month
These figures are indicative and subject to change
REQUIRED WORK EXPERIENCE 4

​Generally, 5 to 10 years of experience is required

PROBABLE EMPLOYERS 1
  • Government and private banks
  • Finance companies
  • Government and private colleges/universities
  • NGOs
  • Government and private companies
KEYWORDS 
  • Economist
  • Business Analyst
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20152631.0100Economist
ISCO 20082631 Economists
NIC 200872200Research and experimental development on social sciences and humanities
QP ReferenceNot availableNot available
NSQFNot availableNot available
REFERENCES 
1National Classification of Occupations Division 2
2http://www.ccdisabilities.nic.in/page.php?s=reg&t=def&p=list_jobsNew
3https://www.naukri.com/job-listings-Economist-Directions-Consulting-Mumbai-5-to-10-years-031216004282?src=seo_srp&sid=1481020402388&xp=4&qp=economist&srcPage=s
4http://dget.nic.in/upload/uploadfiles/files/publication/Des-Div-2.pdf
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