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

Standard	Code	Description
NCO 2015	2631.0100	Economist
ISCO 2008	2631	Economists
NIC 2008	72200	Research and experimental development on social sciences and humanities
QP Reference	Not available	Not available
NSQF	Not available	Not available

REFERENCES

1	National Classification of Occupations Division 2
2	http://www.ccdisabilities.nic.in/page.php?s=reg&t=def&p=list_jobsNew
3	https://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
4	http://dget.nic.in/upload/uploadfiles/files/publication/Des-Div-2.pdf

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