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Economics & Policy

Economist

Studies how people, firms and governments use resources, and advises on policy and strategy.

What this career is

Economists analyse data and build models to understand markets, growth, inequality, trade and policy. They work in central banks, governments, international organisations, consultancies, think tanks and universities.

What professionals do

  • Collect and clean economic data
  • Build statistical and econometric models
  • Write reports and policy briefs
  • Present findings to policymakers or clients

Outlook: Advanced degrees and quantitative skills matter a lot; demand is steady in public and private sectors.

Official occupation data

Tasks, skills, US pay and job growth from O*NET and the U.S. Bureau of Labor Statistics.

Key skills

Economic analysis & econometrics

analytical

Economists, policy analysts and many researchers use econometrics to estimate causal effects.

Start with

  • · Learn regression and causal inference basics
  • · Replicate a simple economics paper
Marginal Revolution University (opens in a new tab)

Statistics

analytical

Statistics helps you avoid misleading conclusions and is required for data, economics and research roles.

Start with

  • · Cover descriptive statistics, distributions and hypothesis tests
  • · Run a simple A/B test analysis
Statistics and probability (opens in a new tab)

Python

technical

Python is the default language for data analysis, machine learning and scripting, and a common first language for engineers.

Start with

  • · Complete an introductory course with exercises
  • · Automate a small task you do weekly
CS50's Introduction to Programming with Python (opens in a new tab)

Writing & argument

communication

Essays, research reports, policy memos and scholarship applications all depend on strong writing.

Start with

  • · Write a one-page memo each week
  • · Enter an essay competition
Purdue Online Writing Lab (opens in a new tab)

Research methods

analytical

Needed for academic research, policy analysis and evidence-driven roles in any sector.

Start with

  • · Learn qualitative and quantitative designs
  • · Replicate a published study with open data
Understanding Research Methods (opens in a new tab)

Data visualization

analytical

Analysts are judged on how clearly they communicate findings, not just on the analysis itself.

Start with

  • · Learn when to use bar, line and scatter charts
  • · Build a one-page dashboard
Data Visualization (opens in a new tab)

Education paths

  1. 1Bachelor's in economics with strong mathematics
  2. 2Master's in economics for most professional economist roles
  3. 3PhD for academic, central-bank research and senior international-organisation roles

Universities strong in Economics

Massachusetts Institute of Technology

Cambridge, MA, United States

QS #1Full need-based aid

Electrical Engineering & Computer Science · Mechanical Engineering · Economics

Tuition
Est. above $60,000 per year before aid
Deadline
Typically 1 November

Stanford University

Stanford, CA, United States

QS =2Full need-based aid

Computer Science · Management Science & Engineering · Economics

Tuition
Est. above $60,000 per year before aid
Deadline
Typically 1 November

University College London

London, United Kingdom

QS =2Limited aid

Economics · Architecture (The Bartlett) · Computer Science

Tuition
Est. £28,000–£45,000 per year for international students
Deadline
Typically late January

Typical entry-level roles

Research AssistantJunior EconomistEconomic AnalystPolicy Analyst

Build your profile

Recommended extracurriculars

  • · Economics essay competitions
  • · Research assistant positions
  • · Economics society
  • · Writing a data-driven blog

Recommended competitions

Recommended internships & programmes

Internship

World Bank Group Internship Program

World Bank Group

PaidIn person
Location
Washington, DC and country offices
Deadline
Usually two windows per year (around December–January and October–November)

Certifications that help

Finance & Accounting

CFA® Program (Level I)

CFA Institute

Advanced

The leading credential for investment analysis and portfolio management.

Cost
One-time enrollment fee + exam fee (see CFA Institute); scholarships available
Time
About 300 hours of study per level

Finance & Accounting

Bloomberg Market Concepts (BMC)

Bloomberg

Beginner

Economics, currencies, fixed income and equities through Bloomberg data.

Cost
Often free through your university's Bloomberg terminal access
Time
8–10 hours
All certifications for this career →

Courses & resources

Related university majors