Investment economists are skilled at analyzing the financial state of the world’s economies. They can interpret data and trends and attempt to predict which industries are set to make money and which will not be successful. Then they take their economic knowledge and advise investors on where to put their money for the best chance of a good return or an increase in value. Investment economists are experts in several areas including finance supply and demand trends demographics prices of goods and inflation. Combined with theories based on historical economic trends they use their expertise to provide information and advice to both individual investors and large financial institutions. Besides knowledge of historical economic data and trends investment economists use special computer software that complies economic statistics on many factors that influence the economy such as interest rates levels of unemployment oil and energy costs political crises and changes in social policies. Because all of these factors impact economic growth an investment economist knows how to compile and sift through all of the information gathered and provide educated advice based on findings. Most investment economists have a minimum of a bachelor’s degree in finance or economics but most have a master’s degree such as an MBA. Payscale.com states that the average salary for an investment economist is between $48115 and $98738 per year. However the most successful investment economists can earn significantly higher salaries depending on the financial success of their clients.
|Education Required:||Bachelor's Degree|
|Tasks:||Analyzes how society uses goods and services.
Studies historical investment trends.
Provides advice based on economic theory.
Uses statistical analysis to determine recommendations.
|Also Called:||Economic Advisor