The average salary for an Economist in United Kingdom is £37,381.
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What Do Economists Do?
Economists advise businesses and/or government organizations in different aspects of economics. Topics vary greatly, and they can include tax rates, health statistics, energy facts, transportation, international trade, and development.
Through the use of different computer programs, economists can gather and present data. Economists generally have a good understanding of different sampling or survey techniques to gain information. The evaluation of both past and present information in the fiel…Read more
- Design and conduct research to identify trends, formulate forecast models.
- Advise the government, agencies, corporations, and/or banks about the adoption of financial policies.
- Compile reports and illustrations of research findings.
- Devise methods for data collection, sampling, and processing in regard to finance, labor, agriculture, commodities, trade, etc.
Explore the most common career paths for Economist. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Sr. Research & Development Manager
Somewhat common (8 - 20%)
What Are Popular Skills for Economists?
Skills in Research Analysis and Econometrics are correlated to pay that is above average. Skills that pay less than market rate include Statistical Analysis, Policy Analysis and Data Analysis.
What is the Pay by Experience Level for Economists?
An entry-level Economist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £29,720 based on 28 salaries. An early career Economist with 1-4 years of experience earns an average total compensation of £33,628 based on 117 salaries. A mid-career Economist with 5-9 years of experience earns an average total compensation of £46,522 based on 48 salaries. An experienced Economist with 10-19 years of experience earns an average total compensation of £52,157 based on 32 salaries. In their late career (20 years and higher), employees earn an average total compensation of £54,463.
Pay Difference by Location
Employees with Economist in their job title in London, England earn an average of 22.6% more than the national average. These job titles also find higher than average salaries in Sheffield, England: South Yorkshire (12.6% more) and London, England: London (4.5% more). The lowest salaries can be found in Glasgow, Scotland: Glasgow (14.1% less), Manchester, England: Manchester (6.4% less) and Edinburgh, Scotland: Edinburgh (6.4% less).
Years of Experience
This data is based on 239 survey responses.