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Rose Griffin

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  Rose Griffin
Well in school you should try do a practical subject and get used to working with your hands. Physics is another subject that would be of benefit. It would help in the theory exams that you complete after each of the off the job training modules.
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Occupation Details

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Economist / Economist EU

Job Zone

Education
Most of these occupations require post-graduate qualifications. For example, they may require a masters degree, and some require a Ph.D., or M.D.

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These occupations often involve coordinating, training, supervising, or managing the activities of others to accomplish goals. Very advanced communication and organisational skills are required. Examples include librarians, lawyers, aerospace engineers, wildlife biologists, school psychologists, surgeons, treasurers, and most scientists.

€27k > 96 
Economist
Salary Range
(thousands per year)*
€27 - 96 
Related Information:
Monthly salaries in the EU Institutions range from around 2,600 per month for a newly recruited AST/SC 1 official to around 16,000 per month for a top level AD 16 official with over four years of seniority.
Each grade is broken up into five seniority steps with corresponding salary increases. Basic salaries are adjusted annually in line with inflation and purchasing power in the EU countries.
For example, the monthly salary level for entrants at AD Grade 5 is 4,349 rising to 5,568 at Grade 7.
As the name may suggest the basic monthly salary is just the starting point to remuneration associated with EU jobs as an employee may be entitled to allowances. All payments are subject to relevant tax and charges.
For information on salary scales in the public sector please see www.publicjobs.ie.
Data Source(s):
payscale.com

Last Updated: April, 2014

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
Shortage Indicator

Actuaries, economists and statisticians specialising in big data analytics with skills in IT, data mining, modelling, and advanced maths or related and relevant specialist skills, qualifications or experience

4%
Occupational Category

Actuaries, Economists & Statisticians; other Business Professionals

Also included in this category:

Actuarial consultants; economists; statistical analysts; researchers; researchers (journalism); consultants (research); policy advisers (government); librarians; archivists and curators

Number Employed:

7,400

Part time workers: 5%
Aged over 55: 19%
Male / Female: 46 / 54%
Non-Nationals: 17%
With Third Level: 91%
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At a Glance... header image

Analyses financial information to forecast future economic trends.


Videos & Interviews header image

1Total Records: 2

Allen Monks
Economist  

Allen achieved a BA in European Business in Dublin City University and subsequently an MA in Economics in University College Dublin. After completing the MA, he secured a traineeship to work at the European Commission. He now works on the country desk for the Czech Republic in the Directorate-General for Economic and Financial Affairs (DG ECFIN) where his day-to-day work is centred on macroeconomic analysis of that country.

Go to Interview  
 
William Hynes
Senior Economist  

William's career began at Trinity College Dublin, where he was a student in economics for six years. He continued his studies and research through a Marie Curie Fellowship at the London School of Economics and obtained a doctorate at Oxford University. In October 2014, William became a senior economist working on New Approaches to Economic Challenges (NAEC) in the Office of the Secretary General.

Go to Interview  
 

The Work header image

The identification of trends in economic activity and the analysis of their implications form the greater part of the Economist's work in the public service and industry.  
 
The following are some examples:

    • Advising government, employers, or trade unions on prices, the cost of living, profits, wages, etc.
    • Advising government or businesses on the course of demand for particular products.
    • Interpreting and predicting macroeconomic events for government, research institutions or business.
    • Giving advice to companies (public or private) about the choice between alternative investment projects.
    • Advising on resource planning in general - transport policy, energy policy, etc.
    • Working in an administrative or technical capacity in international organisations such as EU, OECD, Central Bank.
    • Conducting program evaluations for governments (e.g. Employment action plan)
    • Advising the government on its policies on poverty and social inclusion.


Reappraisal of the theoretical foundations and statistical techniques of analysis links the professional interest of the government and industrial economist with those of colleagues in research and universities.  
 
Alternatively, an economics graduate may choose a career other than that of a professional economist; a qualification in economics may be combined with other qualifications to form the basis of a career in administration, accountancy, business, journalism or teaching.

 


Tasks & Activitiesheader image

The following is a list of the most commonly reported tasks and activities for this occupation

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Teach theories, principles, and methods of economics.

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Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

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Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.

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Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

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Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

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Supervise research projects and students' study projects.

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Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

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Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.

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Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

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Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources.

Work Activities header image

The following is a list of the most commonly reported work activities in this occupation.

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Analyzing Data or Information:  Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

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Processing Information:  Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

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Updating and Using Relevant Knowledge:  Keeping up-to-date technically and applying new knowledge to your job.

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Getting Information:  Observing, receiving, and otherwise obtaining information from all relevant sources.

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Making Decisions and Solving Problems:  Analyzing information and evaluating results to choose the best solution and solve problems.

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Interpreting the Meaning of Information for Others:  Translating or explaining what information means and how it can be used.

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Provide Consultation and Advice to Others:  Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.

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Thinking Creatively:  Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.

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Identifying Objects, Actions, and Events:  Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

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Training and Teaching Others:  Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.


Knowledge header image

The following is a list of the five most commonly reported knowledge areas for this occupation.

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Economics and Accounting:  Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

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Mathematics:  Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

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English Language:  Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

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Computers and Electronics:  Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

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Education and Training:  Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.


Skillsheader image

The following is a list of the most commonly reported skills used in this occupation.

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Reading Comprehension:   Understanding written sentences and paragraphs in work related documents.

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Writing:   Communicating effectively in writing as appropriate for the needs of the audience.

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Critical Thinking:   Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

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Mathematics:   Using mathematics to solve problems.

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Speaking:   Talking to others to convey information effectively.

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Systems Analysis:   Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

bullet

Judgment and Decision Making:   Considering the relative costs and benefits of potential actions to choose the most appropriate one.

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Active Learning:   Understanding the implications of new information for both current and future problem-solving and decision-making.

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Complex Problem Solving:   Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

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Active Listening:   Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Personal Qualitiesheader image

You will need a sound grasp of economics, and thorough, methodical research skills. You must be able to express your findings clearly, both verbally and in writing. You must have good reasoning power, be computer literate, numerate and possess a quick understanding of facts.


Entry Routesheader image

An economist will initially have an honours primary degree in pure economics or with economics as a major part of their degree (B.Comm.), preferably with either first class honours or second class honours, followed by a postgraduate degree. Once they secure employment, they typically undertake a period of postgraduate practical training.

Employment can be found with a research institute such as the ESRI, a merchant bank, an insurance company or a stockbroker.

For those who wish to pursue a career in the academic world, a three-year course of study leading to a doctorate is essential after the Masters Degree programme.

Self-employment is also an option as is working with large bodies like the International Monetary Fund. 

Employment Opportunities in the EU

Working closely with senior decision-makers, EU economists deliver economic and statistical analysis and shape new strategies in areas such as:

  • financial institutions and markets
  • economic integration and development

EU Selection Procedure

Economics is often one of the fields included in the annual EU graduate selection procedure launched in spring each year. Find out more about the selection procedure here. Also, check "What's coming up" on the EPSO homepage for announcements about application deadlines. You may also find the 'sample tests' area useful.

EU Qualifications (indicative)

You must have:

  • A good command of at least 2 European languages (one of which must be English, French or German)
  • An economics degree (or be graduating in the current year) for entry at Grade AD 5
  • Several years’ relevant experience, to join us at a more senior level (Grade AD 7).

Last Updated: July, 2014


Further Informationheader image

A detailed description of this occupation can be found on a number of online databases. Follow the link(s) below to access this information:

Note: you will be leaving the CareersPortal Site

Go..Economist - from:  EU Careers [Video]
Go..Economist - from:  N.C.S. [UK]
Go..Economist - from:  GradIreland
Go..Public Sector Economist - from:  icould [UK] Video

Related Occupationsheader image

Contactsheader image

bullet

Organisation: Economic and Social Research Institute (ESRI)
  Address: Whitaker Square Sir John Rogerson's Quay Dublin 2
  Tel: (01) 8632000
  Email: Click here
  Url Click here

bullet

Organisation: EU Careers - European Personnel Selection Office (EPSO)
  Address: Candidate Contact Service, Office C-80 00/40, B1049 Brussels
  Tel: +32 (0) 2 299 3131
  Email: Click here
  Url Click here

bullet

Organisation: European Movement Ireland
  Address: 8 Lower Fitzwilliam Street, Dublin 2,
  Tel: (0)1 662 5815
  Email: Click here
  Url Click here

bullet

Organisation: EU Jobs Ireland
  Address: Department of the Taoiseach, Government Buildings, Upper Merrion Street, Dublin 2
  Tel: 00 353 1 619 4335
  Email: Click here
  Url Click here

 

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