Job Name: Economist
Job Description:
"The Economist studies the production, distribution, and consumption of goods and services. They may work for government agencies, businesses, or think tanks.
Responsibilities
Collect and analyze economic data.
Develop and test economic theories.
Forecast economic trends.
Write reports and articles on economic issues.
Advise policymakers on economic matters."
Designation:
None
Name of Organization:
"The Centre for International Economics
Mott MacDonald
Australian Council of Trade Unions (ACTU)
Department of Transport, Western Australia
CEDA - Committee for Economic Development of Australia"
Job Market In The Country:
"The job vacancies for economists range between $80k and $100k in Australia.
Based on Indeed 2022 data, the average economist salary in Australia is $92,400 per year. The weekly and hourly economist salary is $1,691 and $47.26 in Australia.
The earnings of economists are higher than that of professionals working in other areas of business. The strong earnings of economist graduates come from their quantitative skills and analytical thinking.
Where the starting salary of an economics graduate is similar to that of other business graduates, their wages tend to rise at a pretty fast rate with the increase in experience.
According to PayScale 2022 data, the average graduate economist salary for an entry-level economist (1 to 3 years of experience) is $107,541 and the average senior economist salary in Australia (8+ years of experience) is $193,289."
Salary and Benefits:
A$91,418–A$103,725 a year
Taxes and Financial Implications:
"Income thresholds Rate Tax payable on this income
$0 – $18,200 0% Nil
$18,201 – $45,000 19% 19c for each $1 over $18,200
$45,001 – $120,000 32.5% $5,092 plus 32.5c for each $1 over $45,000
$120,001 – $180,000 37% $29,467 plus 37c for each $1 over $120,000
$180,001 and over 45% $51,667 plus 45c for each $1 over $180,000"
Language Requirements:
IELTS/ TOEFL/PTE Score: A valid English test with a minimum score as: IELTS Academic: A minimum of 6.5 (with no band less than 6.0) TOEFL (paper test): At least 577 with TWE 4.5. TOEFL IBT: A minimum of 79 with Writing 21, Speaking 18, Reading 13, Listening 13.
Eligibility Criteria
"Candidates must have excellent academic qualifications in Economics to at least the Honours level, and short-listed applicants will be required to provide an academic transcript.
Candidates must have at least 2 years' experience in a similar role, and the nature/seniority of the role will reflect your relevant experience.
Applicants must be able to work in Australia in order to apply."