Home office jobs as economists

Economists are experts in the field of economics and study a variety of topics related to finance, production, distribution, trade, and consumer goods. Your main task is to understand and analyze the complex relationships between economic actors and processes.

The activities of an economist include, among others:

• Analyzing Economic Data: Economists collect and analyze data on various economic indicators, such as growth, employment, inflation, trade, and production.
• Making forecasts: Based on the analysis of economic data, economists can make forecasts to predict future trends and developments in the economy.
• Drafting policy recommendations: Economists often work in governments, research institutes, and international organizations where they formulate policy recommendations for governments and businesses to solve or prevent economic problems.
• Conducting economic research: Economists conduct studies and research projects to examine specific aspects of the economy and gain new insights.
• Development of models: Economists develop mathematical and statistical models to describe and predict economic processes and relationships.
• Advising Businesses: Economists often work for companies to help them make decisions that may affect their finances and operations.
• Teaching: Many economists are also teachers at universities and other educational institutions, where they teach students about economic topics and conduct research.

Can economists work remotely or hybrid?

Yes, economists can work remotely or hybrid, similar to many other professions in today's workforce. Many economists have been working from home or remote locations for years because their work is primarily computer-based and they have access to data and information available online.

The rise of technologies such as video conferencing and cloud computing has also made it easier for economists to collaborate remotely with colleagues and clients. By using online tools, they can, for example, work together on documents, share data and hold meetings.

However, some economists continue to prefer a more traditional work environment and prefer to work in an office or co-location with colleagues. The decision whether to work remotely or hybrid often depends on individual preferences and the requirements of the respective work environment.

What types of economists exist?

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There are many types of economists, working in different fields and roles. Here are some examples:

• Macroeconomics : They are concerned with analyzing and predicting trends and developments in the overall economy, including the areas of growth, inflation and unemployment.
• Microeconomist : They are concerned with the decisions of individuals and companies regarding production, consumption and pricing.
• financial economists : They study the financial markets and analyze how securities such as stocks and bonds are valued.
• The industrial economists : You examine the structure and competitive conditions in various industries and analyze how market entries and mergers affect competition.
• Labor market researcher : They analyze trends and developments in the labor market, including unemployment, wages and employment.
• environmental economists : You examine the relationship between business and the environment and analyze the costs and benefits of environmental protection measures.
• development economists : They study economic conditions in developing countries and develop strategies to reduce poverty and promote growth.
• behavioral economists : You study how individual decisions are influenced and how people respond to incentives.

These are just a few examples of economists and there are many other specializations and areas of work in which they can work.

How much do economists earn in Switzerland?

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The income of economists in Switzerland can vary depending on experience, qualifications, employer and position. According to data from the Swiss Association of Economists (SECO), the average annual salary of an economist in Switzerland was around CHF 115,000 in 2021. However, it is important to note that this average salary applies to both entry-level and experienced economists and that the salary may vary depending on experience level and industry.

Entry-level economists who have a bachelor's degree in economics typically earn around CHF 60,000 to CHF 80,000 per year. Economists with a master's degree can expect a higher income and typically earn around CHF 80,000 to CHF 120,000 per year. Experienced economists with several years of experience and a management position can earn an annual salary of CHF 150,000 to CHF 250,000 or more.

It is also important to note that the salary of economists in Switzerland is relatively high compared to other countries, which is due to the generally higher wages and cost of living in Switzerland.

How much do economists earn in Germany?

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The income of economists in Germany varies depending on experience, qualifications, employer and position. According to data from the Federal Association of German Economists and Business Economists (bdvb), the average annual salary of an economist in Germany was around €63,000 in 2021. However, it is important to note that this average salary applies to both entry-level and experienced economists and that the salary may vary depending on experience level and industry.

Entry-level economists who have a bachelor's degree in economics typically earn around €35,000 to €50,000 per year. Economists with a master's degree can expect a higher income, typically earning around €45,000 to €70,000 per year. Experienced economists with several years of experience and a management position can earn an annual salary of €80,000 to €120,000 or more.

It is also important to note that the salary of economists in Germany is relatively low compared to other countries, which is due to the generally lower wages and cost of living in Germany.

How much do economists earn in Austria?

The income of economists in Austria varies depending on experience, qualifications, employer and position. According to data from the Association of Austrian Economists (VÖV), the average annual salary of an economist in Austria was around €62,000 in 2021. However, it is important to note that this average salary applies to both entry-level and experienced economists and that the salary may vary depending on experience level and industry.

Entry-level economists who have a bachelor's degree in economics typically earn around €35,000 to €45,000 per year. Economists with a master's degree can expect a higher income, typically earning around €45,000 to €65,000 per year. Experienced economists with several years of experience and a management position can earn an annual salary of €80,000 to €120,000 or more.

It is also important to note that the salary of economists in Austria is relatively high compared to other countries in Europe, which is due to the generally higher wages and cost of living in Austria.