Economist salary

What does an Economist do?

As an Economist, you are an expert in analyzing economic issues at both national and international levels. Your tasks include studying economic trends, creating economic forecasts, and advising decision-makers. Many economists work in the public sector, academia, or private companies, where they may hold roles as analysts or advisors. The work environment is usually office-based, and project work and collaboration with other experts are common.

Economist salary and salary statistics

What does an Economist earn? The average monthly salary for an Economist is 54 000 SEK. There is a certain wage gap between genders where men earn an average of 55 900 SEK and women 52 000 SEK, meaning women earn about 93% of what men do. The hourly wage for an Economist is 325 SEK, based on 166 working hours per month.

Salary development and regional differences

We see a positive salary development for economists, with the average salary increasing from 47 800 SEK last year to 54 000 SEK this year. The highest salary for an Economist is 66,700 SEK, while the lowest is 40,900 SEK. There is no specific information on regional wage differences, but there may be variations depending on labor market demand in different regions.

Education and qualifications

To become an Economist, a bachelor's degree in economics is typically required. Many also choose to pursue a master's degree to enhance their career opportunities. It is important to have strong analytical skills and a good understanding of economic theories and models.

Common benefits

Economists can expect benefits such as a company mobile phone, opportunities for remote work, and access to continuing education and conferences. Many employers also offer pension plans and health insurance.

Competition and challenges

Within the profession, there is competition for jobs, especially for the most sought-after positions in research and analysis. Technological shifts and changes in the global economy can also impact the job market for economists.

Tips for aspiring Economists

• Stay updated with the latest economic theories and trends.
• Build a strong network within the industry.
• Consider specializing in a specific area of economics.

Career paths and future prospects

After a few years in the profession, economists can advance to senior analysts, project managers, or researchers. Some choose to transition into management roles or work within international organizations. According to the Employment Agency, there is limited data to make an exact forecast, but there are currently 764 job openings in the profession, indicating a certain demand.

FAQ – Frequently asked questions about working as an Economist

• What does an Economist earn? The average salary is 54 000 SEK per month.
• How do you become an Economist? A bachelor's degree in economics is required, often followed by a master's degree.
• Is it easy to get a job? There can be competition for jobs, but there are vacancies available.
• Is it stressful to work as an Economist? It can be stressful during deadlines and important projects.
• What skills are important as an Economist? Analytical skills, attention to detail, and good communication skills are important.