ADD ADVICE TO FAVEconomic consultant
Economic consultants work for firms of economic consultancies, many of which specialise in specific areas, such as consumer goods or energy.
What economic consultants do
- provide economic advice to a range of industrial and commercial organisations
- carry out research for clients
- undertake local and national skills audits
- interview staff, competitors and suppliers, both in person and by phone
- design questionnaires
- analyse data
- draw conclusions
- present reports to clients.
Key skills for economic consultants
- good knowledge of economics
- sound business awareness
- numeracy
- computer literacy
- research skills
- interpersonal skills
- ability to present reports verbally and face to face
- language skills may be helpful.
Training to be an economic consultant
A first degree or postgraduate qualifications in economics or econometrics is usual. Further training is on the job. The opportunity to study for an MBA may be offered at a later date.
Salaries for economic consultants
Starting salaries are around £25,000, depending on location. Higher salaries are paid in London and southeast England.
