Career

Economists

Banking & Financial Services

Career stats

Weekly pay

$1,815

Prospects

Medium

Employed in Australia

2,700

Growth

Decline

Overview

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.

Job Titles

mdi-briefcase-variant Economist

Job Tasks

This occupation may include associated occupations with varying tasks

  • 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

Training & Qualifications

University

  • Bachelor of Economics
More about University

Industry

Banking & Financial Services

If you think you would like to organise, analyse and check the accuracy of financial information, or to offer advice on insurance or financial products, then you should consider a career working in Banking & Financial Services. Qualifying for a role in this sector could see you in charge of preparing budgets, financial statements, tax returns, audits and reports, managing the payroll of a large company, maintaining customer databases, ensuring procedures comply with government regulations, or participating in the development of business plans. Other roles in the Banking & Financial Services sector focus on customer service and on matching products to clients’ needs. While work in Banking & Financial Services usually takes place in an office environment, some people are able to do part of their work at home, due to the growth of remote technological capabilities. The career possibilities in finance and insurance are very broad, with plenty of scope for work across a variety of businesses. Let’s face it, most companies need financial services of some kind! And due to shifting global financial conditions, this industry is undergoing rapid changes, making it a very exciting time to get involved.

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