Academic Salaries in the UK and Ireland
On Wednesday, January 29, INOMICS released the Economics Job Market Report 2013 (UK and Ireland). This report, based on the findings of the Economics Job Market Survey conducted in 2013, introduces the reader to various aspects of the job market in economics, business and finance, concentrating primarily on the academic field.
As shown earlier in our post “How Much Econ Professors Earn? Salaries in Academia by Country”, the UK is on the list of countries that remunerate their economists quite well. As can be seen in the graph above, entry-level academic positions, such as PhD Candidate, Researcher or Post Doc, tend to pay less than 50,000 US$ per year, though this number is still significantly higher than in many other countries and regions. Salaries for Professors start, on average, with 61,000 US$ per year for Assistant positions, and go above 95,000 US$ per year for Full Professorship positions.
However, there are of course many factors influencing the salary an economist might earn, including years of experience, the highest degree obtained and so on. Our findings show that salaries are strongly correlated with one’s highest degree, and having a PhD determines a stable increase in the average pay.
More details on the findings and methodology of the survey can be found in the full version of the report, which is available for free download on the INOMICS site.
- Career Advice
Jobs for Economists in the Government: The Right Career to Consider?
When discussing jobs in the government, the type of work that comes to mind is most likely influenced by your particular background. In countries in which large segments of the economy are nationalized, it’s possible to become a civil servant in nearly any field. In other places, your options might be more limited. Regardless of where you’re from, or where you’d like to work, however, every government employs economists, and it’s easy to argue that they’re needed now more than ever - though in the weird times of the pandemic, finding a government job may be more complicated.
- Cut Adrift
COVID-19 Traps Hundreds of Thousands of Sailors on Board as the Shipping Industry Reels
Hundreds of thousands of ship crew members who leave their ships every month to go home after a voyage have not been able to do so during a pandemic. Most ports have imposed restrictions on ships and their crews, with around 120 countries imposing restrictions and 92 completely banning crew changes, according to Inchcape Shipping Services.
- Study in Europe
Top Master's and PhD Programs in Economics 2021/2022
Check out our selection below: University of Luxembourg, Kirchberg, Luxembourg Programs available: