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How to Become an Economist: Australian Careers in Finance

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What is a Economist?

What will I do?

What skills do I need?

Resources

What is a Economist?

An Economist studies how goods and services are made, shared, and used. They build theories about spending and financial behaviour and give advice to governments, businesses, and bodies on economic policy. Their work shapes choices in both the public and private sectors. Economists are in demand across many industries in Australia.

Economists study how economic factors link with each other. They look at the effects of government spending, taxation, and monetary policy on the economy and society. They also study national and international economic trends, covering industries, regions, and social groups. This analysis helps organisations plan and respond to change.

Day-to-day tasks include forecasting economic changes to help with budgeting and planning. Economists write reports on their findings and present them to leaders and decision-makers. They also help shape corporate plans and investment choices. Clear communication of complex data is a key part of the job.

Economists work in many sectors, including public service, finance, consulting, and academia. Strong demand for their skills means good career prospects across Australia. The work is both challenging and rewarding. Economists make a real impact on economic outcomes for communities and the nation.

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Career snapshots For Economists

Australia had around 4,600 economists in work in 2025 (Jobs and Skills Australia, 2025). Most work full-time, with 90% in full-time roles. The median age is 35, and women make up 36% of the workforce. Full-time economists work an average of 43 hours per week.

Median weekly earnings are $2,862 before tax (ABS Survey of Employee Earnings and Hours, May 2025). This works out to around $149,000 per year. The three biggest employing industries are public administration and safety, professional scientific and technical services, and education and training. Annual employment change was a slight decline of 100 positions in 2025.

What will I do?

Economists research, analyse, and advise on economic issues that affect businesses and communities. Their work covers everything from inflation and employment to trade and government spending. The role suits people who enjoy both numbers and strategy.

  • Analysing economic variables – Studying how fiscal and monetary policies affect the economy and the community.
  • Researching labour market programs – Checking the effects of industry policies on economic growth, welfare, and education.
  • Investigating economic situations – Examining national and international economic conditions across industries, regions, and social groups.
  • Studying workplace issues – Analysing enterprise bargaining, wage fixation, and how workplace policies affect output.
  • Advising on economic trends – Sharing insights on taxation levels, prices, employment rates, imports, exports, and interest rates.
  • Forecasting economic changes – Predicting shifts in the economic climate for budgeting, planning, and investment choices.
  • Formulating economic policies – Writing plans and advice for the economy, corporate strategy, and investment.
  • Preparing research reports – Documenting findings and presenting them clearly to leaders and stakeholders.

What skills do I need?

A career as an economist calls for strong research and data skills. Economists work with large datasets, economic models, and policy documents. They need to find patterns in data and turn them into clear, practical advice. Skills in data analysis and statistical software are key from day one.

Communication is just as important as technical ability. Economists write reports and present findings to stakeholders, including government officials and business leaders. They need to explain complex ideas in plain language. Critical thinking and the ability to spot flaws in logic or data are also key traits for the role.

Skills/attributes

  • Strong analytical skills
  • Proficiency in statistical software and data analysis
  • Excellent research skills
  • Understanding of economic theory and principles
  • Ability to interpret and present complex data
  • Critical thinking and problem-solving
  • Clear written and verbal communication
  • Attention to detail
  • Knowledge of fiscal and monetary policy
  • Ability to work in teams
  • Time management and organisation
  • Adaptability to changing economic conditions
  • Ethical judgement and integrity
  • Interest in current economic issues and trends

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About the author

Laura Atkinson

Laura Atkinson

Laura Atkinson is an Account Management and SEM specialist at Course Finder Group with six years' experience in the Australian education sector. She works day to day with universities, TAFEs and independent training providers, which gives her a close view of how courses map to real career outcomes. She writes practical guidance on career pathways, choosing the right qualification and what to expect when moving into a new field.