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Three Economists go out hunting

The cost of education varies enormously depending on what one studies and where. In the last few years, there has been plenty of hype about the ‘Higher Education Bubble,’ brought to the attention of the media by the Economist last year. This phenomena seems to be particularly prominent in the business-oriented fields worldwide and as an overarching situation in the US.

The following is an analysis of data taken from the INOMICS Salary Report 2018 - downloadable for registered users here. Specifically, it looks at the average salaries of economists working in academia and the private sector according to their level of seniority. It is the third instalment in a series of insights handling the Report’s findings.

The following is an analysis of data taken from the INOMICS Salary Report 2018 - downloadable for registered users here. Specifically, it looks at the average salaries of economists working in academia and the private sector across the world.

As more women continue to occupy a greater number of senior positions both in academia and the private sector, the gender pay gap has become an increasingly relevant issue in the professional and academic labor market.

Welcome to 2017! It's the perfect time to start with your New Year's resolutions and see what you want to learn, change or improve this year. Get inspired by our list of 10 goals created especially for university teachers of Economics. We hope it will help you make 2017 even more successful than the previous year!

If you're working on your economics degree, you might be wondering about what career options are open to you before. You can do all sorts of work with the skills which you'll pick up from your degree, but one of the most highly desired jobs among ambitious students is a role in an international organisation. This job could be in an inter-governmental organisation (IGO) such as the United Nations or European Union, or in a non-governmental organisation (NGO) such as the charities Amnesty International or Oxfam. If you want to try a career in an international organisation, how do land your first job in the field? This is what we'll be looking at today, so read on for our tips on finding the job you want.

We're listed ten of the top employers for economists, to give you some ideas about what jobs might be available to you once you graduate.

To keep up to date with the latest news in economics and business, there's more that you can do than just reading! Events such as lectures, workshops, and debates are excellent ways to keep up with developments in your field. Plus, they give you the chance to meet and network with other people in your field and to hear new perspectives on your work. If you're interested in attending events in economics or finance, then today's article is a list of some of the greatest events coming up soon from around the world.

Many believe that once one decides to follow an academic career path there is no way out. Working at a university is not only said to bring you respect and stability, but also a gradually increasing income. How high the latter might get obviously depends on many factors, such as your qualifications and the institution you graduated from, as well as the country where you are teaching.

While it was the UMP, France’s conservative opposition party, that won the majority of votes in Sunday’s first round of town hall elections in France, the far-right Front National also made decisive gains, particularly in areas that used to be bastions of the left wing. The ongoing difficulties in the French economy are often cited as one of the key reasons for this redrawing of the political landscape and the losses for the ruling Socialist Party.

As of 2011, significantly more women than men completed secondary education in an astounding 32 of the 34 OECD member countries, according to a study by OECD researchers. On average, women accounted for 58% of graduates overall, though the range between countries is quite great. Moreover, the numbers vary tremendously across disciplines, with the areas of health & welfare and arts & humanities still heavily female, while math & science remain overwhelmingly male.

Despite the uncertain outlook for the labour market in the Iberian region, the percentage of foreigners working or studying in Spanish institutions is higher than in other countries like Germany or United Kingdom (for more information access reports from other regions here). Many of these economists study or work at one of the numerous highly ranked institutions found in Spain, such as the Barcelona Graduate School of Economics or the University of Barcelona.

There are many factors affecting one’s decision when choosing a job, and as the INOMICS Economics Job Market Report showed last year, a friendly working environment, flexible working hours and time to conduct one’s own research seem to be the top three priorities worldwide. Salaries are rated fifth, but as we all know, expected remuneration can easily affect one’s career choice.

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.

At times it is hard to believe how fast time flies – yet another year is over! 2013 was an exciting year for the INOMICS blog: in 12 months, the number of readers quadrupled, the blog was launched in 3 additional languages (Spanish, Portuguese, Chinese), and we got ever more inspiration to share interesting and useful resources, research and stories with the academic community.

Figure 1. Average number of applications per position

As previously mentioned in our articles about Spanish professionals moving to South America and Brazil as a new destination for skilled migration, Latin America is becoming ever more attractive in terms of professional development for people from all over the world. Latin American migration trends are undoubtedly connected to demographic and economic indicators for the region. In some cases, countries like Brazil stand out thanks to promising conditions for foreign employees, or increasing living standards and wages for the higher-educated workforce.

Today, on July 1st, Canadian-born Mark Carney is to assume governorship of the Bank of England.  In a show of professional meritocracy, the BOE is the first central bank to hire a foreign economist as its director. Carney is the first non-Briton to be appointed to direct the BOE since Bank’s establishment in 1694.

According to our study last year, 35% of economists are working outside their home countries.  The majority of economists go to work to the US, Germany and France (11% of the respondents respectively), followed by Switzerland (8%), Italy, Netherlands and the UK (6% respectively).

* The original article was published in the INOMICS Customer Newsletter. Click here to subscribe.

Source: Estadística de Variaciones Residenciales y Estimaciones de la Población Actual, INE.

After our post last summer about the trend for conferences and prizes aimed at young economists, several further events are coming up this year, which could be of interest to PhD students and young researchers. Some of these are specifically for students or junior academics whilst others offer financial support or prizes to those attending or presenting papers at the meeting.

Yesterday, the 19th of Feb, the economics community lost another famed scholar – Armen Alchian, 98, professor emeritus at the University of California Los Angeles.

Image Credit: Liz FosslienHave you ever considered dating an economist, and if yes, what did you decide? If you are puzzled by this question, there are plenty of resources, which can help you to find an answer. The amount of material on this topic found by searching Google and the number of jokes made clearly indicate that it is indeed a hot topic, even more so on a Valentine’s Day.