International Economist

Industry:
Public Sector
Last Updated:
September 12, 2023

Job Description Overview

As an International Economist, you'll be working in the public sector industry to improve global economic conditions. You'll analyze global economic trends, trade policies, and exchange rates to provide valuable insights to government officials and policymakers. Your expertise will be sought after to create policies that promote trade, investment, and economic growth. To be successful in this role, you'll need to have strong analytical skills, be comfortable working with data, and have a keen attention to detail. Your work may also involve collaborating with economists from other countries to develop international trade agreements. Additionally, you may be responsible for monitoring the economic situation of other countries to ensure that your country's economic policies are aligned with global trends. With a growing demand for International Economist job descriptions, it's an exciting time to make a difference in the world through economics.

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Job Duties and Responsibilities

  • analyze international economic trends and issues
  • advise government officials on economic policy and regulations
  • conduct research on international trade, finance, and economic development
  • analyze the impact of global economic events on domestic policies and trade
  • provide forecasts and predictions for economic growth and employment rates
  • negotiate international trade agreements and treaties
  • develop strategies to promote economic development and increase trade opportunities
  • build relationships with other countries and international organizations to promote economic cooperation 
  • assess the effectiveness of government policies and programs related to international economics.

Experience and Education Requirements

To work as an International Economist in the Public Sector, you typically need a combination of education and experience. Most employers require a master's degree in economics or a related field, such as business or finance. You'll need to have a strong understanding of macroeconomic theory, trade policy, financial markets, and international business practices. Additionally, work experience in economics or international affairs is highly beneficial. Employers look for candidates who have experience in data analysis, research, and policy development. Fluency in a foreign language and excellent communication skills are also essential. Being able to work collaboratively and adapt quickly to changes in the global economy is critical for success in this field.

Salary Range

An International Economist in the public sector industry can expect to make a competitive salary range. In the United States, the range can vary from $50,000 to $150,000 annually depending on factors such as experience, education, and location. According to Glassdoor, the national average for an International Economist is around $97,000 per year. 

In other countries such as Canada, the salary range is similar, ranging from CAD$54,000 to CAD$130,000 annually. In the UK, the average salary for an International Economist is £38,000 to £65,000 per year, while in Australia, the range is AUD$70,000 to AUD$130,000 per year.

Sources:

  • Glassdoor: https://www.glassdoor.com/Salary/International-Economist-Salaries-E1689212.htm
  • PayScale: https://www.payscale.com/research/US/Job=International_Economist/Salary
  • Indeed: https://www.indeed.com/salaries/international-economist-Salaries

Career Outlook

If you're interested in a career as an International Economist in the Public Sector, the job outlook is looking promising. According to the Bureau of Labor Statistics, employment of economists is projected to grow 14% from 2019 to 2029, which is much faster than the average for all occupations.

With globalization and international trade becoming increasingly important to the economy, the demand for economists who understand the complexities of international finance and trade policy is on the rise. Additionally, governments and international organizations rely on economists to analyze economic data and develop policies to promote economic growth and prosperity.

Overall, the future for International Economists in the Public Sector is bright, and the job market is expected to remain robust as businesses and governments continue to seek out economic expertise.

Frequently Asked Questions (FAQ)

Q: What does an International Economist do?

A: An International Economist studies global economics and can work in the public or private sector to provide analysis and advice on international trade, economic policies, and international financial institutions.

Q: What kind of qualifications do you need to become an International Economist in the Public Sector?

A: Generally, a bachelor's or master's degree in economics or a related field is required, as well as experience in economic research or analysis. Some organizations may also require specialized knowledge or experience in a particular region or industry.

Q: What kind of work does an International Economist do in the Public Sector?

A: An International Economist in the Public Sector might work on projects related to international trade agreements, economic development, or financial crisis management. They might also collaborate with other economists, analysts, or policymakers to develop strategies for addressing global economic issues.

Q: How much can an International Economist in the Public Sector expect to earn?

A: Salary may vary depending on level of education, experience, geographic location, and the specific organization. However, the average salary for an entry-level International Economist in the Public Sector is around $60,000 per year, while experienced economists can earn upwards of $130,000 per year.

Q: What are the career prospects for an International Economist in the Public Sector?

A: The demand for International Economists in the Public Sector is projected to grow due to increasing global economic integration and the need for experts to help governments and organizations navigate complex economic issues. With experience and further education, it is possible to advance to higher-level positions or specialize in a particular area of the field.


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