Development Economist Job Description [Updated for 2025]

In this age of global development, the significance of development economists has never been more profound.

As societies progress, the demand for insightful minds who can navigate, enhance, and protect our economic structures is escalating.

But what is truly expected from a development economist?

Whether you are:

• A job aspirant trying to grasp the crux of this role,
• A hiring manager defining the perfect candidate,
• Or simply fascinated by the intricacies of development economics,

You’ve come to the right place.

Today, we present a customizable development economist job description template, designed for seamless posting on job boards or career sites.

Let’s dive right into it.

Development Economist Duties and Responsibilities

Development Economists focus on understanding the economic aspects of developing countries and how to promote sustainable economic growth within these nations.

They conduct research, analyze data, and propose strategies to address economic issues.

The typical duties and responsibilities of a Development Economist include:

• Conducting extensive research to understand the economic challenges and potentials of developing countries
• Analyzing socio-economic data using statistical techniques and econometric models
• Presenting research findings in clear, comprehensible ways, both in writing and verbally
• Proposing solutions and strategies for economic growth and development
• Collaborating with policymakers to implement economic strategies and monitor their impacts
• Writing reports, academic papers, and articles to disseminate research findings and recommendations
• Advising governments, NGOs, and private sector firms on economic development strategies
• Forecasting economic trends in developing countries and assessing the impact of various policies and global events on these economies
• Assessing the impact of developmental projects and aid programs
• Staying up-to-date with the latest economic development theories and models, as well as global economic trends

 

Development Economist Job Description Template

Job Brief

We are in search of a knowledgeable Development Economist to conduct rigorous economic studies and develop policies aimed at poverty reduction, development, and sustainable economic growth.

The Development Economist’s responsibilities include analyzing economic data, monitoring economic trends, conducting research, and formulating plans to address economic issues.

Our ideal candidate is highly analytical, has a deep understanding of economic theory, and is committed to improving living standards through the development of sound economic policies.

 

Responsibilities

• Analyze economic data and trends to make forecasts.
• Develop plans to address economic problems.
• Conduct research on economic issues and disseminate research findings through technical reports or scientific articles in journals.
• Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
• Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.
• Advise government officials, business leaders, and private individuals on economic policies.
• Examine the effects of various economic policies on different populations.

 

Qualifications

• Proven work experience as a Development Economist or similar role.
• Advanced degree in Economics or related field.
• Strong understanding of microeconomics, macroeconomics, and development economics.
• Excellent analytical and mathematical skills.
• Ability to interpret and analyze complex economic data.
• Strong written and verbal communication skills.
• Proficient in statistical analysis software.
• Ability to work independently and as part of a team.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Development Economist
• Work Environment: Office setting with the opportunity for some remote work. Some travel may be required for conferences, meetings, or research purposes.
• Reporting Structure: Reports to the Chief Economist or Director of Economic Research.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $65,000 minimum to $130,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Development Economist Do?

Development Economists are specialized economists who focus on the economic aspects of development and growth in low-income economies and developing nations.

They usually work for international organizations, governmental agencies, non-profit organizations, or universities.

Their primary role is to study and analyze economic trends and patterns in developing nations.

They often develop and implement models and theories to address economic disparity and propose solutions to stimulate economic growth.

Development Economists use statistical tools and economic theories to understand the causes of underdevelopment and poverty.

They may also conduct field research, gather data, and interpret findings to identify trends, challenges, and opportunities in the economy of developing countries.

They may advise policy-makers on matters such as fiscal and monetary policies, public health, education, agricultural developments, and trade.

They may also work closely with other professionals, such as sociologists, political scientists, and anthropologists, to understand the broader social and political context of economic development.

Their work may involve proposing and assessing the impact of development projects like infrastructure development, health initiatives, and education programs.

They evaluate the cost-effectiveness and sustainability of these projects and suggest improvements where necessary.

Development Economists often write research papers and reports, presenting their findings to stakeholders and at academic conferences.

They are also involved in educating others about development economics through teaching or lecturing roles.

 

Development Economist Qualifications and Skills

Development Economists require a range of technical, analytical, and interpersonal skills to assess economic conditions and advise on policy and economic development strategies, including:

• Strong quantitative and analytical skills to evaluate economic data, identify trends, and make predictions about future economic developments.
• Proficiency in statistical analysis software and economic modeling tools to conduct research and analyze data.
• Excellent research skills to gather relevant information, and a deep understanding of socio-economic and political situations in various regions.
• Exceptional communication and presentation skills to articulate complex economic theories and principles to a non-expert audience, and to engage with various stakeholders.
• Problem-solving skills to identify economic challenges and propose effective solutions.
• Strong understanding of development economics, microeconomics, and macroeconomics.
• Ability to work effectively in a team, collaborating with other economists, policymakers, and experts from other disciplines.
• Keen attention to detail and precision in forecasting and analysis.
• Knowledge of international development issues and experience in developing countries can be beneficial.

 

Development Economist Experience Requirements

Development Economists typically require a minimum of a Bachelor’s degree in Economics, International Relations, or a related field for entry-level positions.

Such degrees often provide foundational knowledge and some practical experience through research projects and internships.

Candidates for mid-level positions may need 2 to 5 years of relevant experience, often gained from working in research institutions, non-governmental organizations, international agencies, or government bodies.

They may have roles such as Research Analyst, Economic Consultant, or Policy Advisor, where they work on projects related to economic development, poverty reduction, or policy formulation.

For senior positions, more than 5 years of experience is often required.

These professionals may have a track record of published research in relevant fields, experience leading large-scale projects, and a deep understanding of economic development theories and models.

They may also have experience in a leadership role, or in mentoring junior economists.

Advanced degrees like a Master’s or a Ph.D. in Economics or Development Studies can provide a significant advantage, as they offer a more comprehensive understanding of the field and often involve significant research experience.

Many senior Development Economists hold such degrees and have a history of teaching or lecturing on related subjects.

 

Development Economist Education and Training Requirements

Development Economists typically have a bachelor’s degree in economics, development studies, international relations or a related field.

They must have a strong understanding of economic theories, statistical methods, and the socio-economic issues affecting developing countries.

A master’s degree or doctorate in economics or a related discipline is often preferred or required for more advanced positions.

These advanced degrees usually involve courses in econometrics, development theory, and political economy.

Development Economists also need to have strong skills in quantitative analysis and must be proficient in using statistical software such as Stata, SPSS, or R.

Many also pursue additional certifications or coursework in areas such as project management, environmental economics, or international development to enhance their expertise and employability.

Fluency in one or more foreign languages can also be beneficial, especially for those who will be working in specific regions or countries.

Finally, practical experience, such as internships or work in developing countries, is often highly valued in this field.

This experience can provide a deeper understanding of the challenges and realities faced by developing economies.

 

Development Economist Salary Expectations

A Development Economist earns an average salary of $92,000 (USD) per year.

The actual earnings may fluctuate based on factors such as professional experience, education level, location, and the nature of the employing organization.

 

Development Economist Job Description FAQs

What skills does a Development Economist need?

Development Economists should have strong analytical skills to interpret complex economic data.

They should possess knowledge in economic theory and its practical applications, particularly in the context of developing economies.

They should also have good communication skills to present their findings effectively to policymakers, stakeholders, or academic audience.

 

Do Development Economists need a degree?

Yes, Development Economists typically need at least a master’s degree in economics, development studies, or a related field.

Many professionals in this field also hold a PhD.

The degree should ideally include coursework in economics, econometrics, and development policy.

 

What should you look for in a Development Economist’s resume?

A Development Economist’s resume should illustrate a solid academic background in economics, with an emphasis on development studies.

Look for experience in research or policy development, particularly in areas related to economic growth, poverty reduction, and international development.

Fluency in multiple languages can also be a plus, particularly if the role involves work in different countries.

 

What qualities make a good Development Economist?

A good Development Economist should have a deep understanding of economic theories and principles, particularly as they apply to development.

They should have the ability to work well in a team and to communicate complex ideas to non-economists.

They should also have a desire to improve economic conditions in developing countries and the creativity to think of new solutions to complex problems.

 

Is it difficult to hire Development Economists?

Hiring Development Economists can be challenging, as it requires finding candidates with a specific set of skills, including strong analytical abilities, a deep understanding of economic theory, and a passion for development work.

However, with the right recruitment strategies, it is possible to attract highly qualified candidates for these roles.

 

Conclusion

And there we have it.

Today, we’ve delved into the essence of being a development economist.

Surprise, surprise!

It’s not just about interpreting economic data.

It’s about shaping the global economic landscape, one economic policy at a time.

Armed with our comprehensive development economist job description template and real-world examples, you’re ready to take the next step.

But why limit yourself?

Dig deeper with our job description generator. It’s your ultimate tool for creating precision-targeted listings or polishing your resume to perfection.

Remember:

Every economic policy contributes to the larger economic framework.

Let’s shape that future. Together.

How to Become a Development Economist (Complete Guide)

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