In economics, you deal with the analysis of economic relationships, markets and the behavior of actors in the economy. Economists study how resources are distributed and used to promote economic growth and stability. Various methods, such as statistical analyses and econometric models, are used to create forecasts about future developments and make policy recommendations.
In the field of Economics in Germany, salaries vary depending on work experience, region, and position. An average gross salary for an economist is approximately €52,762 per year.
Salaries increase with work experience. Entry-level employees earn about €48,826 per year, while employees with more than 9 years of experience can earn up to €57,390 per year.
Regional differences also play a role. In Baden-Württemberg, earnings are the highest, with an average salary of €61,621 per year. In other federal states like North Rhine-Westphalia, Hesse, Bavaria, and Berlin, salaries range between €52,207 and €57,242 per year.
Salaries can vary greatly depending on the position and industry. In the financial sector, the average salary is €74,731 per year, while in consulting it reaches €67,130 per year.
Overall, jobs in Economics in Germany offer a wide range of salaries that depend on work experience, region, and position.
As a rule, you need a university degree in economics, business studies or a related field. Practical experience, such as internships or working student activities, are also an advantage and improve career opportunities in the field of economics.
Economics graduates have a variety of career options, including positions in public administration, NGOs, research or the private sector. Opportunities include policy analysts, economic consultants, academics or positions in the financial sector. With further training and experience, there may also be opportunities for management positions.
