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Economists, who is recruiting them?

As the country’s economy is booming, Bangladesh more than ever needs economists to pilot the country’s economic policies and corporate strategies. An economist is an expert who analyses macro and micro economic trends to help governments and managers to make enlightened decisions. While the controller analyses and synthesizes information from within the firm, the economist analyses all the information coming from the exterior environment of a firm or country. You will find numerous economist job offers in Bangladesh, in the banking sector for example, with very attractive salaries. You can also find an economist job in any big company that needs to analyse its macro environment.

If you wish to work for the government, you will benefit from excellent working conditions and great job security, however salaries tend to be much lower than in the private sector. Most economists who choose to work in the public sector also do research on the side, with a school or university for example. You will have a key role in the country’s economic development by helping the government pilot the economic policies of Bangladesh. You would therefore have a heavy responsibility, but a huge impact on the country’s future.

What are the main responsibilities of an economist?

An economist’s work can be divided in a number of different tasks:

  • Economists spend most of their time gathering and analysing data. The first step, data-gathering, is probably the most time-consuming. Economists develop complex surveys and use statistics to analyse the results. Economists also work on econometric models to analyse data. The main objective of this analysis is to isolate macro or micro trends.
  • As an expert responsible for advising the decision-makers, the economist also has to present his findings in a legible, diplomatic and persuasive way. In order to achieve that, economists spend a lot of time working on reports or presentations. In the private sector, economists are also tasked with creating dashboards with a number of Key Indicators, and automated alert systems if an indicator reaches a certain limit.
  • Finally, economists also do a lot of research, testing hypotheses by gathering the necessary information in order to elaborate on economic theories. Recently for example, the finance sector inspired a new discipline in economics called behavioural economics, which challenges the traditional postulate according to which economic actors are always acting rationally.

As you probably gathered by now, economics is such a wide field and is so indispensable in today’s world that you will have plenty of work if you decide to go for a career in economics. The majority of an economist’s work can be summarized as synthesising and presenting essential economic trends concerning a country or an industry.

What do I need to do to become an economist?

Generally speaking, you will need a diploma in economics if you want an economist job, at least a Bachelor’s. You would be learning macro and micro economic theories, as well as a lot of mathematics, statistics, and some accounting basics. Today’s economics is fundamentally based on big data analysis. It is therefore advisable to have some computer literacy and some knowledge of database structure and queries.

However, it is possible to go from a financial analyst or research analyst position to an economist’s without holding a diploma in economics. If you manage to prove your capabilities in data analysis and mathematics, economic theories will turn out to be much easier to understand.

In order to be successful in an economist’s job, you will also need excellent communication skills. You will be dealing with very complex information during most of your time, but you will have to be able to present your essential findings in a legible and understandable way to managers and decision-makers.

If you manage to land a job as an economist, you’ll pretty much be at the top of the hierarchy already. However, you could choose to go for purely academic careers by becoming a professor at a university and doing research. You could also choose to go for more managerial jobs, for example becoming Chief Financial Officer for a corporate group, or product manager in an investment bank.

If you’re looking for an economist job in Bangladesh, start by registering on Everjobs.com.bd. The best and the latest job offers are all on Everjobs.

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