Economists are the engines of business

Since the end of the last century and to this day, the profession of the economist remains the most fashionable. The crisis made some adjustments to the popularity of this specialty. Is it easy to find work for economists, is it worthwhile for graduates to enter higher education institutions of this direction?

Many applicants are eager to enter economic institutions, but not everyone knows exactly what functions an economist performs and what is the purpose of his work. What is the profession of an economist? Let's look at this in more detail.

An economist is who?

Speaking in general, economists can be attributed to specialists who provide efficient enterprises with companies and companies . Most often this profession is adjacent to marketers, financiers, accountants, managers.

Economists are people who are always in high demand in those enterprises where it is necessary to conduct a constant analysis of economic activity, it is required to correctly calculate the finances, to control the expenditure of funds. This profession is always needed, it can be reliably attributed to the highly paid. Due to the fact that there are many adjacent areas, the scope of activity is quite wide. For example, an economist-manager is a highly skilled specialist engaged in the areas of business administration. Even in the last century, the notion of a manager appeared, when the enterprises began to invite assistants (managers). The manager had to clearly plan and organize all the work at the enterprise, teach people, allocate responsibilities, in general, to know everything necessary for the team's well-coordinated work. Now managers in a large organization are in every department, they are responsible for some narrow direction, for example, advertising manager, sales manager or manager-economist.

What do you need to be able to do?

An economist is a profession, the basis for which is higher economic education. Further, for a specific direction, it is necessary to have a corresponding set of knowledge. For a financial analyst, you need one thing, for statistics - another, for financial management - the third. In general, any economist should have an analytical mind, have mathematical thinking, be assiduous and scrupulous in his work, be able to quickly concentrate in any situation. Often for career growth, an economist needs to know foreign languages. And certainly free English will positively affect the level of wages.

What should economists know?

Economists are professionals who are well versed in complex legal acts, decisions, orders and orders. They simply have to study all new methodological materials on audit, accounting, analysis of economic activity. Must:

• Understand the intricacies of planned economic work.
• Know the procedures for developing financial annual plans for the future, various business plans.
• Understand the conduct of all records.
• Know the procedure for developing materials for financial, labor costs.
• Know all the methods of statistical accounting and economic analysis.
• When introducing new technologies and techniques, the economist should determine their economic efficiency.
• When drafting contracts, know the rules for the design of materials, methods and methods for conducting computational work.
• Clearly know and respect the time and procedure for reporting.
• To study foreign and domestic experience in the rational organization of the economy in production under market conditions.
• Know the market methods of farming, production technology, equipment for operation.
• To study the basics of labor legislation, rules and regulations on labor protection.

Economists are workers who must be guided in their activities by developed job descriptions. Appoints and dismisses the economist in accordance with the order of the head of the enterprise.

Main responsibilities

The duties of economists cover a wide field of activity, because the profession intersects with accounting, management, financial activities. Specific responsibilities depend on the specifics of the work of the enterprise, the distribution of functions between departments, and other features of doing business. In some companies, economists work on business plans, serve as accountants, conduct cost-benefit analysis, and determine spending levels. It even happens that economists are engaged in investments, calculate prospects in business, solve strategically difficult problems. There are many directions, it seems, is complexity. But on the other hand, higher economic education makes it possible to build a career in many business areas.

Prospects, the salary of economists

Economists are people looking far ahead. Each of them starts with an ordinary position, but many successfully move along the career ladder, becoming later department managers or managers of enterprises. A novice specialist can expect to earn from 800 to 1000 dollars. Often the salary depends on the specifics of the company's activity: in the food, construction business, salaries reach $ 1,500. Increased income, when there is experience and there is an increase in the career ladder. Experienced economists receive income at the enterprise from 1500 to 3800 dollars. Although much, of course, depends on the specifics, size and profitability of the company (there are possible and much more modest amounts). If you have analytical thinking, working with figures is your hobby, you are diligent, scrupulous, then the economist's specialty will suit you exactly.