Econometrician salary

Econometrician: A profession in the world of numbers

As an econometrician, you find yourself at the intersection of mathematics, statistics, and economics. You work on analyzing economic data to predict future economic trends and developments. Tasks may include developing economic models, conducting time series analyses, and evaluating economic policies and their effects. As part of the group of economists and macroanalysts, you often provide decision-makers with information for economic decisions.

Salary for an Econometrician

What does an econometrician earn? The average salary for the profession is 54 000 kronor per month. However, there is a certain wage gap between genders where men earn an average of 55 900 kronor while women earn 52 000 kronor, meaning that women earn 93% of what men do. Looking at hourly wages, based on 166 working hours per month, it is around 325 kronor.

Salary Development

The salary for econometricians has seen a positive development. Last year's average salary was 47 800 kronor, which has increased to 54 000 kronor this year. The highest reported salary for an econometrician is 66700 kronor, belonging to a man in the public sector. For women, the highest salary is 54100 kronor. On the other hand, the lowest salary for a man is 41000 kronor and for a woman is 40900 kronor. This lower salary applies to a woman who is a privately employed worker with a three-year high school education.

Education and Qualifications

To become an econometrician, you usually need an academic background in economics, with a focus on economics or statistics. Many employers prefer candidates with a master's degree in economics or a related discipline. It is also advantageous to have experience with advanced statistical and economic software.

Benefits and Working Conditions

Econometricians may sometimes be offered benefits such as paid training to stay updated in the field, the opportunity to work from home, and access to modern technology and software. These benefits can vary depending on the employer and the sector (public or private) in which one operates.

Labor Market and Future Outlook

The labor market for econometricians is relatively specialized and can vary depending on the economic situation and demand for economic analyses. According to the Swedish Public Employment Service's assessment for economists and macroanalysts, there is no specific forecast for the profession of econometricians. This may be due to the profession being part of a larger occupational group and therefore may have limited specific data.

Challenges and Opportunities

As an econometrician, you may face challenges such as handling large amounts of complex data and predicting economic trends in an ever-changing world. At the same time, the profession offers the opportunity to work on interesting and diverse projects and contribute to important economic decisions that can impact society at large.

Summary

The profession of an econometrician combines mathematics, statistics, and economics in an analytical role that is crucial for predicting economic trends and providing decision-making support. With an average salary of 54 000 kronor and a positive salary development, it is an attractive career choice for those with the right education and interest in economic sciences. Benefits such as the opportunity for paid training and remote work can also be an additional lure. Despite limited specific labor market data for the profession, it is part of a larger occupational group with potential for future opportunities.