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economic_analysis

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									 Subsector(s):                  Banking                           Profession:           Economic Analysis

 Typical job titles
 Market Strategist, Head of Market Research, Chief Economist

  Description
 The role of an Economist is to analyse the current economic conditions of a country and to advise on current and
 future trends. This involves researching economic information about a country and then relating it to global economic
 performance and the performance of other countries so that advice can be given on investment performance and
 trends. Many jobs are highly specialist relating to geographical regions, individual countries or specific markets.

 Tasks could include
        Preparing market forecasts relating to individual countries
        Reviewing current market and economic information for a country and report on trends
        Advising on specific market events and their impact on a given economy
        Analysing the relationship between a given economy, that of similar countries and global economic trends
        Making recommendations on investment policy relating to instruments in a given economy

 Competences: skills and qualities needed
      Analysing skills
      Project management and research skills to organise and carry out analysis of an economy
      Quantitative analysis skills to relate the performance of an economy to market performance
      Reporting and advisory skills to relate economic analysis to investment policy
      Ability to maintain awareness of global economic trends

 Knowledge
       Sound knowledge of macro-economics at national and international levels
       Quantitative techniques used in economic analysis
       Knowledge of international financial markets
       Commercial requirements for making effective use of economic information
       Investment procedures and the relationship between investment strategy, policy and tactics

  Hours of work
 Most economists in this role would be contracted to work a ‘normal’ office week, of hours between 8am and 5pm but
 from time-to-time rapidly moving events require significant additional and un-social hours.

 Typical work environment
 General office environment

 Minimum Qualifications required to enter role
 This is a graduate level role. It may be an advantage to have an economics or business related degree.

 Additional qualifications
 Progression to Masters degree or PhD level is possible from a good first degree.

 Progression possibilities and salary indication
 Graduate       ££ - £££ This would generally be the entry level a degree would be required. Analysis work would
 Entrant:       be the main activity of this role, alongside report writing and presentations.
 Senior      / ££££ - £££££ Promotion to management will still involve some analytical work as well, managing
 Management     projects and reporting to senior managers and the Board.

 Typical employers
 Any financial institutions, central and local governments

 Where in the UK are there opportunities to be employed in this role?

© The Financial Services Skills Council – June 2008
 Jobs are available in major cities with operational offices of financial institutions. Some jobs may be located away
 from the head office environment.

 Global dimension
 This role exists around the globe.

  What do employers look for when recruiting?
 Employers want people who have sound analytical and economic thinking, the ability to challenge conventional
 economic thinking about a national economy or international events and a person who can communicate complex
 ideas clearly.

 Progression and future trends
 Economic questions will continue to be part of the industry and for appropriately skilled and qualified people there will
 continue to be career opportunities.

 Related professions
 Research analysts and finance data analysts.

 Additional links
 Society of Business Economists: www.sbe.co.uk
 Bank of England: www.bankofengland.co.uk
 TARGETjobs: targetjobs.co.uk/finance/

 Salary levels without bonus and benefits package
 £              £15,000 to £22,000 per year
 ££             £22,000 to £30,000 per year
 £££            £30,000 to £40,000 per year
 ££££           £40,000 to £50,000 per year
 £££££          £50,000 to £70,000 per year
 ££££££         £70,000 and over per year

 This profile is part- funded by the City of London Corporation as part of its commitment to bridging the gap between the City and its
                                      neighbours and increasing prosperity across the City fringes.




© The Financial Services Skills Council – June 2008

								
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