What is an Economic Research Assistant Job?
An economic research assistant job is a position in which an individual assists economists in conducting research, analyzing data, and producing reports. The research can range from macroeconomic analysis to industry-specific studies, and the assistant's responsibilities will depend on the specific project they are working on. This type of position is often found in government agencies, consulting firms, financial institutions, and academic institutions.
What Usually Do in this Position?
An economic research assistant's responsibilities may include collecting and analyzing data, developing and maintaining databases, creating charts and graphs, and preparing written reports. They may also conduct literature reviews, assist in the development of surveys, and perform statistical analyses. Additionally, they may be responsible for project management, including organizing and scheduling tasks, communicating with team members, and monitoring progress.
Top 5 Skills for Position
- Strong analytical skills
- Proficiency in statistical analysis software (e.g. Stata, SAS, R)
- Excellent written and verbal communication skills
- Attention to detail
- Project management skills
How to Become this Type of Specialist?
To become an economic research assistant, a bachelor's degree in economics, mathematics, or a related field is typically required. Some employers may also prefer candidates with a master's degree in economics or a related field. It is beneficial to gain experience through internships or research assistant positions while in college. Additionally, proficiency in statistical analysis software and experience with data analysis and project management are highly valued skills.
Average Salary
The average salary for an economic research assistant in the United States is $50,000 per year. Salaries can range from $35,000 to $75,000 per year depending on the employer, location, and level of experience.
Roles and Types
Economic research assistants can work in a variety of roles and industries. Some may work in government agencies such as the Bureau of Labor Statistics or the Federal Reserve. Others may work in consulting firms, financial institutions, or academic institutions. The types of research projects can vary widely, from analyzing the impact of policies on the economy to conducting market research for a specific industry.
Locations with the Most Popular Jobs in USA
Economic research assistant jobs are available in various locations throughout the United States. Some of the most popular locations for this type of job include New York, Washington DC, California, and Massachusetts. These locations are home to many government agencies, consulting firms, and financial institutions that conduct economic research.
What are the Typical Tools?
Economic research assistants typically use a variety of tools to perform their job duties. These may include statistical analysis software such as Stata or SAS, as well as spreadsheet software like Microsoft Excel. They may also use survey software, such as Qualtrics, to develop and administer surveys. Additionally, they may use project management software, such as Asana or Trello, to organize and track tasks and deadlines.
In Conclusion
Economic research assistant jobs offer a challenging and rewarding career path for those interested in economics and data analysis. A strong background in economics, mathematics, or a related field, as well as proficiency in statistical analysis software and project management skills, are important qualifications for this type of position. Salaries can vary widely depending on the employer and location, but the average salary for an economic research assistant in the United States is $50,000 per year.