From the end of the last century to this day, the profession of economist has remained the most fashionable. The crisis has made some adjustments to the popularity of this specialty. Is it easy for economists to find work, is it worth graduates to go to universities in this direction?
Many applicants aspire to enter economic institutions, but not everyone knows exactly what functions an economist performs and what is the purpose of his work. What is the profession of economist? We will understand this in more detail.
Who is the economist?
Generally speaking, economists can be attributed to specialists who provide efficient economic activity in the work of enterprises and companies . Most often, this profession is adjacent to marketers, financiers, accountants, managers.
Economists are people who are always in high demand at those enterprises where it is necessary to conduct a constant analysis of economic activity, it is necessary to correctly calculate finances, and control the expenditure of funds. This profession is always needed, it can surely be attributed to highly paid. Due to the fact that there are many related areas, the scope of activity is quite wide. For example, an economist-manager is a highly qualified specialist engaged in business administration. In the last century, the concept of manager appeared, when assistants (managers) were invited to enterprises. The manager had to clearly plan and organize all the work in the enterprise, teach people, distribute responsibilities, in general, know everything necessary for the coordinated work of the team. Now, managers in a large organization are in each department, they are responsible for some narrow direction, for example, an advertising manager, a sales manager or an economist manager.
What do you need to be able to?
An economist is a profession, the basis for which is a higher economic education. Further, for a specific direction, it is necessary to have an appropriate set of knowledge. For a financial analyst , one thing is needed, for statistics - another, for financial management - a third. On the whole, any economist should have an analytical mindset, have mathematical thinking, be diligent and meticulous in his work, be able to quickly concentrate in any situation. Often, an economist needs to know foreign languages for career growth. And certainly free English will positively affect the level of salary.
What should economists know?
Economists are professionals who are well versed in complex legal acts, decrees, orders and orders. They are simply obliged to study all new methodological materials on audit, accounting, analysis of economic activity. Should:
- Understand the intricacies of planned economic work.
- Know the procedures for developing financial annual plans for the future, various business plans.
- Understand the maintenance of all accounting records.
- Know the procedure for the development of materials of financial, labor costs.
- Know all the methods of statistical accounting and economic analysis.
- When introducing new technologies and techniques, the economist must determine their economic efficiency.
- When drafting contracts, know the rules for the design of materials, methods and methods for conducting computational work.
- Clearly know and comply with the time and procedure for reporting.
- To study foreign and domestic experience in the rational organization of the economy in production under market conditions.
- To know market methods of housekeeping, production technologies, operating equipment for equipment.
- To study the basics of labor legislation, rules and regulations on labor protection.
Economists are workers who should be guided in their activities by the developed job descriptions. Appoints for work and dismisses the economist in accordance with the order of the head of the enterprise.
Main responsibilities
The responsibilities of economists cover a wide field of activity, because the profession intersects with accounting, management, financial activity. Specific responsibilities depend on the specifics of the enterprise, the distribution of functions between departments, and other features of doing business. In some companies, economists are working on business plans, somewhere they perform the functions of accountants, analyze the appropriateness of costs, and determine the levels of expenses. It even happens that economists are engaged in investments, calculate business prospects, and solve strategically complex tasks. It would seem that there are many directions - this is complexity. But on the other hand, higher economic education makes it possible to build a career in many areas of business.
Prospects, the salary of economists
Economists are people looking far ahead. Each of them starts with an ordinary position, but many successfully move up the career ladder, becoming subsequently department managers or enterprise managers. A novice specialist may well expect to earn between $ 800 and $ 1,000. Often the salary depends on the specifics of the company: in the food, construction business, salaries reach up to $ 1,500. Incomes increase when experience appears and an increase in the career ladder occurs. Experienced economists earn income from $ 1,500 to $ 3,800. Although a lot, of course, depends on the specifics, size and profitability of the company (much more modest amounts are possible). If you have analytical thinking, working with numbers is your hobby, you are diligent, scrupulous, then the specialty of economist will definitely suit you.