Analytical skills
Economists must be able to review data, observe patterns, and draw logical conclusions. They analyse historical trends to make future projections.
Economists
Descriptions & Duties
- Economists plan and conduct research on various business and economic situations. They summarise and interpret research findings, especially for the current and long-term trends in investment risks and measurable economic influences on investments. They also prepare detailed study reports on commercial and industrial sectors and other activities of the economy.
Generic Competencies
Physical Abilities
Physical abilities
- Physical strength
- Eye hand coordination / precision / dexterity
Importance:1 (Max:5)
Skill is rarely required
Technology Skills
Technology skills
- Computer literacy
- Application of technology
Importance:2 (Max:5)
Skill is occasionally required
Cognitive Abilities
Cognitive abilities
- Creativity
- Visualisation
- Logical thinking
Importance:4 (Max:5)
Skill is frequently required
Comprehension And Expression
Comprehension and expression skills
- Reading comprehension
- Oral / written expression
Importance:5 (Max:5)
Skill is required all the time
Social Skills
Social skills
- Communication
- Negotiation
- Persuasion
Importance:3 (Max:5)
Skill is basically required
Organisation And Execution Skills
Organisation and execution skills
- Planning
- Organising
- Judgement
- Decision making
Importance:5 (Max:5)
Skill is required all the time
Problem Solving Skills
Problem solving skills
- Ability to solve simple and complex problems effectively and efficiently
Importance:5 (Max:5)
Skill is required all the time
Management Skills
Management skills
- Leadership
- Management of finance / time / people / other resources
Importance:4 (Max:5)
Skill is frequently required
Trade Specific Competencies
Critical-thinking skills
Economists must be able to use logic and reasoning to solve complex problems. They might identify how economic trends may affect an organisation.
Detail oriented
Economists must pay attention to details. Precise data analysis is necessary to ensure accuracy in their findings.
Mathematics skills
Economists use the principles of statistics, calculus, and other advanced topics in mathematics in their economic analyses.
General Requirements
Academic qualification
- normally have a recognised master's degree or PhD in economics
Experience
- solid experience in gathering and analysing data, researching economic issues and trends, and writing reports are required
Career Path & Salary
Private Sector
Monthly Salary $15,000-$40,000
Monthly Salary $50,000-$90,000
Monthly Salary $60,000-$130,000
Government Sector
Monthly Salary Master Pay Scale Point 27-44
Monthly Salary Master Pay Scale Point 45-49
Monthly Salary Directorate Pay Scale Point 1
Monthly Salary Directorate Pay Scale Point 2
*For more details on Civil Service Pay Scales, please visit website of the Civil Service Bureau.
http://www.csb.gov.hk/english/admin/pay/952.html
Work Environment
- Economists typically work independently in an office. They may collaborate with other economists and statisticians, and working on teams. They sometimes work under pressure of deadlines and tight schedules that may require overtime work.
