How can I become an industrial economist?
Industrial economists evaluate and predict the effects of various economic factors on a specific industry or product. The bachelor's degree is usually enough to become an industrial economist of a government agency. To find a job with a private company, you probably need a master's or doctoral title. Along with formal education, you may want to seek membership in a professional organization before employment. After becoming an industrial economist, you will provide companies with important prices and marketing of various products.
The minimum educational requirement to become an industrial economist is a bachelor's degree in economics. The main subjects for this level include macroeconomics and microeconomics, as well as economic thinking and econometrics. Other work in subjects such as financial management, marketing and organizational behavior may also be offered. You should also take courses in advanced mathematics if you intend to performat a master's or doctoral title. Completion of the bachelor's degree program is usually sufficient to start training in a workplace with a government agency.
To become an industrial economist for a private company, you will probably need a master's degree in economics. The completion of the Master's degree program usually takes one year, but if you plan to get a PhD in this area, two years are necessary. Most master's degree programs include teaching in economic development, finances and fiscal policy with an overall emphasis on the industrial economy. The master's degree in the industrial economy will usually qualify you as administrative, research or planning with a private company.
Some companies require you to get a PhD before you become an industrial economist. The course for this advanced title can start after obtaining a master's degree after completionBachelor's degree program. The doctoral title usually holds industrial economists who teach large universities and universities. You may also want to look for membership in an internationally recognized professional organization, such as the National Association for Business Economists. This organization offers a professional designation known as a certificate in economic measurement to qualified candidates.
Employment for this job is usually found in government agencies and private consulting companies as well as technical and scientific companies. Most of these economists are employed in regions with large industrial complexes or government agencies. The main duties of this profession include data analysis and projection of economic trends for different types of industries. These experts usually prepare detailed reports used to plan future production, marketing and price strategies. After gaining sufficient education and experience, you may be able to publish part of your worke in a magazine, diary or newspaper.