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Economics job roles and career progression

Entry level

Entry-level economists (associates and analysts), can expect to move in quick succession through several roles and departments within their first two years.

As an analyst, which is the most common entry level in the private sector, you would be expected to provide clear recommendations on a wide range of current economic issues affecting many different sectors including retail, postal communication, health, transport, utilities, and energy.

The Destinations of Leavers of Higher Education (DLHE) survey 2009 shows that the typical starting salaries for LSE graduates is £30,000 - £35,000 although graduate business analysts in investment banks may earn between £40,000 – £45,000.

With experience

After 4 or 5 years of service, economic forecasters and modellers in the public sector can expect to earn £60,000, while those working in consulting and banking can earn three to four times as much.

As legislation and business decisions are intricately connected, government and business welcome employees who are switching careers; they value the knowledge and expertise that career changes may bring when moving from one sector to another.