- What do researchers do? Labour market information
- Occupational information
- Other common doctoral occupations
Between 2006 and 2009, 0.2% of working doctoral graduates, or 30 working doctoral graduates, are known to have been working as economists six months after graduation. This is a specialist and vocational area and postgraduate qualifications are common amongst new entrants to the profession. The current Government skills strategy recognises the quantitative social sciences as an area of skills shortage.
Doctoral level economists are typically found as researchers in other common doctoral occupations at the start of their careers, particularly in the financial services sector, although some enter HE research roles.
Economists provide specialist advice based on the application of economic theory and knowledge. They do this by studying data and statistics and using their understanding of economic relationships to uncover trends, carrying out considerable amounts of research and collecting large amounts of information. They then analyse all the data they have amassed to assess feasibility, produce forecasts of economic trends, determine the implications of their findings and make recommendations of ways to improve efficiency.
Economists use specialist software and advanced methods in statistical analysis to assemble, sift and present this information, which is then used to advise businesses and other organisations, including government agencies.