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  • Skilled Occupation PROFESSIONALS Business, Human Resource and Marketing Professionals > Information and Organisation Professionals Economists Economist


    [According to the Department of Employment, There are no proposed changesfor this occupation in January 2018 Update.]

    ECONOMIST

      Alternative Title:
        Economic Analyst

      Performs economic research and analysis, develops and applies theories about production and distribution of goods and services and people's spending and financial behaviour, and provides advice to governments and organisations on economic policy issues.

      Skill Level: 1

      Specialisations:

        Agricultural Economist
        Econometrician
        Economic Forecaster
        Environmental Economist
        Health Economist
        Labour Market Economist
        Mineral Economist
        Taxation Economist

    Economist
    Average Income:
    The average salary for an Economist is $ 145,549 for male employees and $ 89,182 for female employees per year.
    Average Age: Males: 48.4 Females: 31.5 Persons: 40.7
    [See: www.abs.gov.au 2243 Economists - Employee Earnings and Hours, Australia, May 2016]



    Australian visa options for Economic Analyst (Economist)

    Employer Sponsorship
    Permanent
    489 Visa
    Permanent
    457 Visa
    Skilled Occupation
    ANZSCO Code
    Assessing Authority
    189 Visa
    190 Visa
    State
    Family
    186 Visa (DE)
    187 Visa
    All area
    Regional area
    Economist
    224311
    VETASSESS
    Visa processing times-months (75%)
    9
    15
    5
    5
    Visa processing times-months (90%)
    15
    18
    10
    10

    Economist categories in Group A. To obtain a positive skills assessment form VETASSESS, applicants wishing to be assessed as a Economist must have a qualification minimum at the level of an Australian qualifications Framework (AQF) Bachelor degree.

    Information for Employers

    Are you seeking to employ an Economist for your company?

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    Economist job description, duties and education requirements

    UNIT GROUP 2243 ECONOMISTS

      ECONOMISTS perform economic research and analysis, develop and apply theories about production and distribution of goods and services and people's spending and financial behaviour, and provide advice to governments and organisations on economic policy issues.

      Statisticians are excluded from this unit group. Statisticians are included in Unit Group 2241 Actuaries, Mathematicians and Statisticians.


      Indicative Skill Level:

      In Australia and New Zealand:

        Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification (ANZSCO Skill Level 1).


      Tasks Include:
      • analysing interrelationships between economic variables and studying the effects of government fiscal and monetary policies, expenditure, taxation and other budgetary policies on the economy and the community
      • researching, analysing and assessing the effects of labour market programs and industry policies and programs on economic growth, welfare, education and training
      • investigating international and national economic situations, and particular features such as industries, regions and socioeconomic groups
      • studying workplace issues such as enterprise bargaining and wage fixation, and the effect of workplace policies on productivity and economic growth
      • analysing trends and advising on economic issues such as taxation levels, prices, employment and unemployment, imports and exports, and interest and exchange rates
      • forecasting changes in the economic environment for short-term budgeting, long-term planning and investment evaluation
      • formulating recommendations, policies and plans for the economy, corporate strategies and investment, and undertaking feasibility studies for projects
      • preparing reports on research findings

      Occupations:

      Sources: www.abs.gov.au and DIBP


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