The salary of an economist in Russia depends on many factors: basic education, length of service, availability of additional skills and knowledge, city, company welfare or institution budget. In order to analyze the level of wages, it is necessary to consider all these points.
Key Responsibilities of an Economist
The standard job duties of an employee-economist suggest that such a specialist:
- helps to increase the economic efficiency and profitability of the enterprise or company through planning, analysis of financial and economic activities;
- develops and coordinates budgeting and monitors budget execution;
- accompanies any economic activity, which includes the calculation of the cost of services, products and the like;
- compiles reporting.
Graduate with no work experience. Economist assistant
Higher educational institutions are currently training a large number of graduates with a degree in economics, which leads to an excess of labor. Given that such applicants often do not have experience, competition in the market is becoming greater (according to statistics - 15.2 vacancies per 1 resume). In this case, the salary of a novice economist will not be high, and the first years should be spent on improving your reputation, collecting recommendations in order to subsequently claim higher wages.
For graduates, as well as those who have not yet graduated from high school, there is a great opportunity: to get the position of “assistant economist”. He is subordinate to the economist of the company and assists him in organizing work, which is often monotonous. Applicants with secondary specialized specialized education can also apply for this place. Assistant duties may include:
- reception and shipment of goods;
- making changes to the accounting program;
- entering information into the database;
- reporting (one-time, permanent);
- reconciliation with suppliers;
- conducting telephone conversations, business correspondence;
- execution of contracts and development of templates;
- any other assistance in the preparation of financial documents.
The young specialist needs basic training in accounting and tax accounting, economic analysis, excellent command of the MS Office and 1C programs. The salary that a graduate can apply for in Moscow is 20,000–35,000 rubles, depending on the resource of the company or enterprise, duties, requirements for work experience. In other cities, it can start from 9000.
Specialist salary and education
Recent studies have shown that the salary of an economist can greatly depend on which institution the graduate graduated from. Priority is given to the leaders who hire young employees are those who studied at the economic and financial faculties of Moscow State University, MGIMO, the Financial Academy under the Government of the Russian Federation, as well as St. Petersburg State University and the Higher School of Economics. Their salaries at the initial stage can vary from 46,000 to 80,000 rubles.
Economist with experience
With an increase in work experience, the accumulation of additional skills (for example, budgeting), one can claim a higher salary. In Moscow, on average, such a specialist can count on 35,000 rubles, in St. Petersburg - 25,000, and in other major cities - 15,000 rubles.
The salary of an economist with three years of experience can increase two or two and a half times compared with one that does not require work experience. In addition, knowledge of international financial reporting standards (IFRS) and good knowledge of a foreign language will allow you to qualify for a fee of 50,000-65,000 rubles in Moscow. As a rule, these requirements are put forward in large companies in large cities. In other cities, the salary of a specialist economist with experience reaches 20,000–25,000 rubles.
Pay for the work of economists with long experience can vary greatly and range from 10,000-6,000 rubles for Moscow. It is also influenced by the availability of certificates - for example, a diploma in International Financial Reporting (DipIFR), fluency in English and experience in management accounting. In St. Petersburg and other large cities, you can count on 30,000-70000 rubles.
According to statistics, one of the highest salaries in Russia is received by an economist at an enterprise in construction (the level for November 2015 is 55,000 rubles).
Recently, the position of Manager-Economist has become widespread, the salary of which is due to the fulfillment of the duties of an economist and manager and, as a rule, can be quite high. The competence of this specialist includes analysis of the state of the organization, participation in managerial, production, economic, marketing, entrepreneurial spheres, engaging in exchange and auditing activities.
Budget Organization Economist
If an economist works in a non-profit structure, in some cases he can count on an increase in the salary of state employees along with all other employees of the institution. Such an employee, as a rule, is subordinate to the chief accountant. In addition to the standard ones, his job descriptions also include mandatory knowledge of the norms of the sphere in which the institution is located (housing and communal services, hospital, cultural department, etc.). The salary of an economist will depend on the availability of categories and categories. A graduate with no work experience is formalized by a 6th grade specialist (primary). The longer the length of service in the post, the higher the rank (but at least three years must pass to increase). The accrual of categories also begins after three years of work in this organization. The highest category of budget economist is 11th, which corresponds to the level of the category "Leading Specialist".
Applicants for the position
According to studies, in most cases, economists are women (78%). Sociologists and psychologists call the monotonous nature of the work as a possible reason. It is believed that women better than men cope with such activities. At the level of assumptions, some researchers also provide another explanation for this phenomenon. Sometimes unscrupulous managers deliberately underestimate the level of wages in the financial sphere, and more women than men agree to it. In addition, it is necessary to take into account the high competition among graduates of this area, the low starting pay for work and the need to accept a job as an “assistant economist”, which may not appeal to some members of the stronger sex.
Summary factors affecting the patch
The salary of an economist is made up of some components. Specialists can apply for high wages: in large cities, with seniority, additional skills and abilities, working in commercial companies, involved in the construction industry, and having a diploma from prestigious educational institutions. The salary of a non-profit economist depends on his categories and categories. In addition, it affects the increase in salaries of state employees at the federal or regional level.