Economist Image

Economists research and analyse a wide range of facts, figures and statistics on economic and financial issues. They predict future trends and give advice to government ministers and to senior managers in industry, commerce and the public services. They are sometimes called economic advisors, analysts or forecasters.

The Work

Some economists work in macroeconomics. They consider the economics of a whole country. Other economists work in microeconomics. They look at smaller scale subjects, such as the future of one company, or the level of retail sales over the next few months.

You could be:


The figures below are only a guide. Actual pay rates may vary, depending on:

Graduate entrants would normally start on a salary of £25,000 to £27,000 a year. Starting salaries for assistant economists in the Government Economic Service (including the Scottish Government) are around £28,000 to £32,000 a year with additional pay for a relevant postgraduate qualification. After 4 to 5 years of experience you may earn around £55,000 a year. Experienced economists can earn over £68,000 a year.


Workforce Employment Status

LMI data powered by LMI for All

Useful Subjects

Getting In

Economists work in banks or in industry, for example the oil industry. Economists also work for global organisations such as the World Bank and the International Monetary Fund.

The Government Economic Service (GES) Team, part of the Civil Service, is the UK’s largest recruiter of economists with over 1,500 professionals in more than 30 departments and agencies.

Workforce Education Levels (UK)

LMI data powered by Lightcast

Job Outlook Scotland


LMI data powered by Lightcast

Job Outlook Scotland and UK

1.1 %
  United Kingdom
4 %

LMI data powered by Lightcast

What Does it Take?

You should be able to:

You should have:


Getting On

More Information

This is a small profession and entry can be very competitive. You could work for the GES, major financial institutions such as banks, building societies and insurance companies, major industrial and commercial firms, oil companies, management consultancies and certain public authorities. The GES is the largest employer of economists in the UK. In Scotland, GES jobs are in Glasgow and Edinburgh. There are increasing opportunities overseas. The Economist magazine has a vacancies section.


Courtesy of EU Careers


The following organisations may be able to provide further information.

Was this article useful?
Please help us improve Planit by rating this article.