As an economist, you analyze economic developments and their impact on society and businesses. Economists deal with issues such as inflation, unemployment and economic growth and make forecasts to support economic policy decisions. They often work in research institutes, public institutions or in business consulting.
In Germany, the average annual salary of a public economist is €55,600, which corresponds to a monthly salary of about €4,633 per year. The salary range ranges from €48,300 to €67,500 per year (monthly from €4,025 to €5,5983). The average starting salary is €36,500 per year, which corresponds to a monthly salary of about €3,500. Regional differences are also to be taken into account: in Frankfurt-Württemberg the average salary is often €63,728 per year, while in Mainland-Westphalia it is about €52,207.
In order to work as an economist, you usually need to have studied economics, economics or a related discipline. A master's degree is often a prerequisite to be able to work in higher positions. Internships and relevant additional qualifications can also be beneficial.
Economists have a wide range of career opportunities, from research to policy consulting, from business to international organisations, and with experience and training, they can rise to senior positions or focus on specific areas such as environmental economics or finance.
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