Economist Job Description

Job brief

We are looking for an Economist to join our team and analyze market trends to advise our organization’s leaders on economic decisions and help us develop models to assist with forecasting.

Economist responsibilities include analyzing economic data, running complex models to build forecasting models and advising organizational leaders on various economic trends for improved business decisions. 

Ultimately, you will work with a small team of financial analysts to understand economic trends to help our organizational leaders make better decisions to help us reach our goals.

Responsibilities

• Collect and analyze economic data, use statistical methods and econometric models.

• Investigate economic issues, design surveys, and conduct literature reviews.

• Develop and maintain economic models for forecasting.

• Evaluate government policies' impact on the organization and provide recommendations.

• Analyze market trends, consumer behavior, and competition.

• Assess project feasibility and impact.

• Present research findings and insights.

• Work with cross-functional teams.

• Ensure economic compliance with relevant laws.

• Monitor and analyze competitors.

• Create financial models for performance evaluation.

• Represent the organization at events.

• Assess potential economic risks.

• Stay informed about market conditions.

• Engage with government bodies and stakeholders.

• Develop and deliver educational programs.

• Contribute to long-term strategic planning.

Requirements and skills

• Master's or Ph.D. in Economics or related field.

• Proven experience in research, analysis, and modeling.

• Familiarity with economic literature and theories.

• Previous policy analysis, research, or forecasting experience is a plus.

• Proven work experience as an Economist or similar role

• Experience in an analytical role

• Logical mindset and strong problem-solving skills

• Exceptional organizational skills

• Outstanding written and verbal communication

• Excellent interpersonal skills

• Relevant training and/or certifications as an Economist

Frequently asked questions

What does an Economist do?

Economists study and interpret economic data to understand how individuals, businesses, and governments make choices about allocating resources, addressing issues like inflation, unemployment, economic growth, and market behavior. They conduct research, analyze market dynamics, assess the impact of policies, and use economic models to make predictions and recommendations that guide strategic decisions and public policy.

What jobs can I get with an economics degree?

With an economics degree, you can pursue careers in fields such as finance, consulting, government policy analysis, market research, data analysis, banking, academia, and international organizations.

How much are Nigerian economists paid?

The salary of Nigerian economists can vary significantly depending on factors like experience, location, employer, and specific roles. Generally, entry-level economists may earn between ₦50,000 to ₦150,000 per month, while experienced economists with several years of experience can earn significantly higher salaries, sometimes exceeding ₦1,000,000 per month, especially in the private sector and international organizations.