Discover 13 opportunities in salaries

If you're an economist and you're starting to plan out your career options, then you have a big decision to make: where should you pursue your career? The two biggest locations for the academic job market are the USA and Europe. Today we're comparing both of them so you could see which would be the best place for you to work.

The world of academia is constantly changing, so much so that the importance to Professors, of different academic and career achievements, is shifting in ways that may be somewhat unexpected.

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.

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.

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.

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.

Yesterday INOMICS released the Economics Job Market Report 2013 (Worldwide Overview). The report contains insights about the academic job market, compiled from answers from almost 2,500 economists and recruiters from all over the world who completed a survey earlier this year. The findings of the report include salaries, recruiters’ and candidates’ employment preferences, regional disparities, skills & specializations most in demand and other general trends in the economics job market.

New Ph.D Hires in Economics: Expected and Actual Offers for the 2010-11 Academic Year