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how to become an economist ? full guide for it


rahulnagwanshi88 16th Sep, 2024
Answers (2)
Sajal Trivedi 17th Sep, 2024

Hello aspirant,

In order to study the supply and demand of resources, goods, and services, economists are professionals who collect and analyze data, observe trends, and evaluate economic concerns. Typically, becoming an economist requires years of extensive schooling and the acquisition of a broad range of abilities. It can be easier for you to determine if economics is the proper field for you to pursue a career in if you know what actions to take.

To know the complete process of becoming an economist, you can visit our site by clicking on the link given below.

https://www.careers360.com/careers/economist

Thank you

monag2673 16th Sep, 2024

Becoming an economist requires a combination of education, skills, and practical experience. Here's a step-by-step guide:


### 1. **Educational Foundation**:

- **High School**: Focus on subjects like Economics, Mathematics, and Statistics. Strong analytical and quantitative skills are essential.

- **Bachelor's Degree**: Pursue a degree in Economics or related fields (such as Mathematics, Finance, or Statistics). This provides foundational knowledge in microeconomics, macroeconomics, econometrics, and mathematical modeling.


### 2. **Master’s Degree**:

- A **Master's in Economics** (or related fields like Development Economics, International Economics, etc.) is usually essential for advanced positions. You’ll learn advanced theories, data analysis, and policy-making.

- Top universities like LSE, Harvard, and Delhi School of Economics offer excellent programs.


### 3. **PhD in Economics** (Optional but advantageous):

- A **PhD** is recommended for those who want to pursue research, academic, or high-level government roles. It involves deep research into economic issues and can take 4-6 years.


### 4. **Gain Practical Experience**:

- **Internships** or entry-level jobs at economic research organizations, financial institutions, or government agencies provide practical experience.

- Skills in **data analysis**, software like **Stata, R, Python**, and econometric tools are critical.


### 5. **Develop Specializations**:

- Economists often specialize in areas like **labor economics, public policy, international economics, or financial markets**.


Continuous learning and staying updated on economic trends is key to a successful career as an economist.

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