Economist

Economists advise businesses and/or government organizations in different aspects of economics. Topics vary greatly, and they can include tax rates, health statistics, energy facts, transportation, international trade, and development.

Through the use of different computer programs, economists can gather and present data. Economists generally have a good understanding of different sampling or survey techniques to gain information. The evaluation of both past and present information in the field of economics can be very helpful to corporations and businesses, and it is usually the economists’ duty to deliver that information. It is not uncommon for an economist to give oral and visual presentations of their findings to large audiences

A bachelor’s degree in economics, finance, or a related field is commonly needed to become an economist. If an economist want to expand his or her career and work in an academic setting, a graduate degree might be needed. Having computer skills and an analytical mind are two key components to succeeding as an economist. An economist is always needed to be on top of the most current trends, so a background heavy in research would help as well. Writing skills and mathematical skills are often considered essential in the field of economics.

As an Economist with 3-6 years of experience in Singapore, your main responsibilities include:

• Conducting economic research and analysis to provide insights into market trends, economic indicators, and policy impacts. This involves collecting and analyzing relevant data, applying economic models, and interpreting findings.
• Contributing to the development of economic forecasts and projections for various sectors, such as finance, trade, or industry. You will collaborate with a team to assess economic variables, identify risks, and prepare accurate projections.
• Providing economic advice and recommendations to businesses, government agencies, or clients, helping them make informed decisions. This involves communicating complex economic concepts, presenting findings, and offering actionable insights.
• Monitoring and assessing the impact of economic policies, regulatory changes, or market developments on businesses or industries.

For an Economist job role, the following qualifications are required:

• Strong analytical skills to conduct in-depth research, analyze data, and identify trends and patterns.
• Proficiency in econometric and statistical modeling techniques to generate forecasts, develop economic models, and evaluate policy recommendations.
• Strong knowledge of economic theories, principles, and concepts to provide accurate insights and make informed recommendations.
• Excellent written and verbal communication skills to prepare reports, present findings, and explain complex economic concepts to non-technical stakeholders.

The Economist job role in Singapore requires a 3-6 years work experience. However, professionals with this experience can explore several alternative roles in the field. Here are following options to consider:

• Data Analyst: A role that involves analyzing economic data, identifying trends, and providing insights to drive informed decision-making.
• Policy Analyst: A position focused on analyzing economic policies, conducting research, and making recommendations to shape government or organizational strategies.
• Investment Analyst: A role that involves conducting financial analysis, evaluating investment opportunities, and providing recommendations on asset allocation and portfolio management.
• Market Research Analyst: A position focused on gathering and analyzing market data, conducting consumer research, and providing insights to guide marketing and business strategies.

The job role of Economist in Singapore is expected to demonstrate steady growth in the market. Over the past 10 years, it has shown a consistent demand and relevance in the country's economy. With Singapore's strong position as a global financial hub, the need for economists is projected to increase further in the coming years. As per available data, the job market for economists in Singapore is expected to offer a considerable number of employment opportunities in the future. This positive outlook is supported by Google's latest data points, emphasizing the continued importance of economists in analyzing and forecasting economic trends for various industries.