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.

Since its foundation by Portuguese colonists, Brazil, the largest country in Latin America, has experienced an important immigrant flow. Over time, the Brazilian government has influenced this flow by implementing policies that support the needs of the economy. If during the first half of the 20th century governmental policies targeted low-skilled immigrants for work in the agricultural sector, in the last quarter of the century the government aimed to attract highly skilled immigrants to the country. The new trend was marked by the adoption of a new immigration law in 1981, which introduced new processes for visas and work permits and created a number of obstacles for low skilled migration.

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).

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

Today INOMICS released the Economics Job Market Report 2012. This Infographic sums up some of the findings from the report. To download the full version and to find out more about the methodology and the global econ job market trends, please follow this link: http://www.inomics.com/reports  

Source: Survey on Research Funding for the Social Sciences in Europe, Ramon Marimon, Igor Guardiancich, Mike Mariathasan, Eva Rossi, European University Institute, 2011

The financial sector in the UK is and will continue to be a major driver of economic growth, and the long term prospects are good both for the sector and for jobseekers. In fact, a recent report from Oxford Economics predicts that the Financial Sector will be the main driver of British economic growth over the next two decades. In the short term, though, stagnation and hesitation among big financial companies is being mirrored by a sense of opportunism in smaller ones. The result is a greater diversity of opportunities in the financial sector, and a different landscape of employment prospects for professionals at all stages of their careers in finance.

A big part of ASSA Annual Meeting (check out our post on 2012 ASSA Annual Meeting held in Chicago) is the role that it plays in the life of a PhD economist searching for their first job. Although some graduates choose less conventional ways of approaching the Job Market, for most graduating PhDs, the meeting is where they meet with potential employers, strut their stuff, present their Job Market Papers (JMP) and hope to the high heavens for a fly-out, and, after that, an offer – preferably at their number one choice. If all goes well this process should be over by early March with a good majority of top 50 schools’ graduates having at least one job offer on the table.

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