Vermont Employment Application and Job Offer Package for an Economist
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How to fill out Employment Application And Job Offer Package For An Economist?
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FAQ
What kind of companies hire economists? Economists are hired by research institutes, universities, healthcare, and government institutions. Private companies like finance consultancies and banks also need economists. In addition, they can be hired by an Internet company like Netflix or Microsoft.
Approximately one-third of all economists are employed by the government. Financial Institution Examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.
Banks employ economists to not only study the macro conditions that make our economy work and make predictions, but also study the micro elements of business and make projections. Almost all government agencies hire economists. In the federal government, both Congress and the Executive Branch have economic advisors.
The U.S. Department of Commerce is a major employer for those with training in economics. It oversees the U.S. Census Bureau, Bureau of Economic Analysis (BEA), Economics and Statistics Administration and Economic Development Administration.
Last updated on September 6, 20231, the BLS reports that the number of positions for economists from 2022 through 2032 is expected to grow at a rate of 6% over the decade. This is roughly twice as fast as the economy-wide average; the BLS states that ?The average growth rate for all occupations is 3 percent?.
Possible employers include local and national government, public and private banks, insurance companies, think-tanks, large multinational companies, financial consultancies, accountancy firms and local authorities. A sound awareness of current affairs and economic contexts is essential in these roles.
Although various roles in businesses are most common, economics majors are successful in law, medicine, government, non-profits, and international relations, as well as in academic roles.
A bachelor's degree in economics is enough for an entry-level position, but high-earning jobs in competitive industries may require a master's degree in finance or business administration. ing to the BLS, average salaries vary widely depending on the industry.