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.

Even though many (especially young and less experienced) job candidates attend interviews with an anticipation of being assessed, in reality the assessment always happens in both directions. And the more that a talented applicant has to offer, the pickier he or she can be when making a final decision.

The Christmas break is approaching and all university departments are getting busy finalizing their end-of-year work. For busy marketers and conference organizers a Christmas break might seem not to be the best time of the year to promote their courses and conferences to a wider audience. However, our experience at INOMICS confirms that it is not exactly true. Of course, much depends on your target audience: but while for many December 25th will be almost certainly dedicated to family commitments, for many the days before and after Christmas represent one of the few times of the year that they can actually spend searching more deeply for information in their field of interest, especially with regard to extra training and conferences.

Econometrics is a thorough discipline that demands time and effort to be mastered. For many people who want to pursue a degree in economics it serves as an obstacle, but as we’ve shown before, there are many resources you can use to your advantage to become proficient in it: blogs and podcasts can introduce you to the topic and give practical advice, free online courses will incentivize you to learn systematically and increase your ability to perform a research using different econometrics and statistical software like “R” or “Stata”, and YouTube channels can greatly support your studies by giving access to lectures and tutorials of great professors at any time convenient for you.

Figure 1. Average number of applications per position

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The Report is based on a survey between April and June 2013, in which 2,380 professionals and recruiters in the academic job market for economists answered questions about salaries, international professional mobility, the value of different levels of academic degree, and other issues related to economics and finance careers.

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.

We asked 340 economists [in academia] which social networks they prefer to use and how. Based on our observations and years of experience with social media, we outline how institutions can use social networks for better communication.

There are many great summer programs our there, but wading through the sea of options might leave you feeling a little overwhelmed.

For conference organizers, the benefits of a smart use of social media channels stretches far beyond just the promotion of their event. The challenge of tight budgets for (especially) academic events is well-known, and the process of building proper online platforms and hiring additional administrative staff is often difficult to afford. By allowing some strategic thought and investing a little time, however, social media can become an extremely cost- and time-effective way to build online presence, ease the registration process, communicate with participants, gather feedback, attract speakers and sponsors and collect and store digital materials for future use.

In recent months we have published a series of articles about the best economics departments in Europe, Asia and Latin America. After covering the methodologies of ranking for universities in Latin America, we wrote about the best economics institutions in Chile, Colombia and Brazil.

This Monday, October 14th, Eugene F. Fama
 and Lars Peter Hansen
 (University of Chicago, USA) and Robert J. Shiller (
Yale University, USA) won the Nobel Prize in Economics. The Royal Swedish Academy of Sciences awarded them “for their empirical analysis of asset prices”.

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.

Anyone working as an economist, mathematician, management consultant or researcher is likely to be dealing with numbers on a regular basis. Whether to refute claims, inform decisions or to build evidence to support one’s case, a good command of figures is essential for many professions. In other words, one cannot escape learning and using statistics!

In the light of global demographic changes, universities increasingly have to look for lead sources from abroad. Traditionally, exhibiting at study fairs has been the most common way to attract students internationally. However, technology is moving fast and in recent years a number of effective marketing channels for universities have developed online. Some course marketers still argue that study fairs are the only way to establish personal contact with the students, but a comparison of the benefits of both channels gives the best illustration of their effectiveness.

Teaching, whether at school or university level, is generally and  rightly considered a worthy occupation. As supported by some Professor Ratings, however, unfortunately not every high school, college or university can boast perfect ratings for their academic staff, and many individual lecturers and professors have room for improvement, at least in the views of the students.

In September the recruiting season gathers pace, a fact that candidates today know well. Last year, the number of people visiting the INOMICS job listing pages increased by 28% in the eight weeks from the start of July to late September. The rush increased even more in October, with a rise of 20% in just one month. Every institution has their own policies and guidelines for faculty hiring, but still there is a set of best practices which in many cases is applicable regardless. We explored examples of best practice for academic recruiting (before the interview stage) and put together a list of them to help INOMICS customers find the best match for their positions.

With the summer vacation period drawing to a close, many graduates are now exploring their options for further education. Users on the INOMICS platform at this time of year are actively seeking graduate opportunities, whether Master's Programs, PhD positions or supplementary courses for the coming academic year.

Business Economics is a rather broad area of economics covering everything from business organization, management and marketing to the role of entrepreneurs and impact of the government on corporations. It is also assumed to be one of the most applicable research branches within economics: where today’s academic research might result in tomorrow’s industry implementations.

With the upcoming appointment of a new Chair(wo)man for the US Federal Reserve System (the Fed) the blogosphere is abuzz with rumours, recommendations, and revelations about who could be in line for the coveted position ahead of the decision, which will not be made until fall.

Finance has become a very attractive field for many people in the last decades as it “smells” of money and promises a successful career after obtaining a degree, even though the financial crisis has slowed down this popularity trend. While many fresh Bachelor and Master graduates massively apply for positions in investment banks and consultancies, some decide to pursue a PhD, which is the way to life-long involvement in the academic world.

At this time of year, with the summer heat visibly rising from the Berlin pavement, for many there is nothing more appealing than a cold beer in one of the city’s numerous beer gardens. And perhaps among these Berlin beer lovers, more than a couple of economists might be found as well.

University rankings are considered to be an important tool, if not the most relevant one, in determining the quality of education at higher education institutions, schools, departments and programs according to a specific set of factors. Rankings are often consulted by both applicants in the university admission process deciding on their next place of study or work, as well as directors of the institutions measured in the rankings as a benchmark against other relevant institutions.