As an economist, you analyze economic data and trends to make informed decisions and make recommendations to companies or governments, work on the development of models to predict economic developments, conduct market analyses and accompany economic policy decisions.
In Germany, the average salary for economists is about €51,000 per year, according to the INOMICS Salary Report. Based on Glassdoor, the total income for economists is €65.831 per year, while the average salary is €59.831 per year. These figures can vary depending on industry, experience and specific position. Consulting companies and financial services providers tend to offer higher salaries.
Analytical thinking
A career as an economist usually requires a university degree in economics or a related field. Many employers prefer candidates with a master's degree or even a doctorate. Practical experience through internships or research projects is also an advantage.
Economists have a wide range of career opportunities in various sectors, including companies, financial institutions, government agencies and international organizations. Possible career paths include consulting, research or economic policy. As their experience grows, economists can also take on leadership positions and influence strategic decisions at the highest level.
