Economist ANZSCO Code: 224311

Group B

An economist studies how goods and services are made and distributed and how people spend and handle money. They use this knowledge to advise governments and businesses on economic policies.

Economist ANZSCO Code: 224311

Occupation Descriptions

An economist studies how goods and services are made and distributed and how people spend and handle money. They use this knowledge to advise governments and businesses on economic policies.

Occupations considered suitable under this ANZSCO code:

  • Agricultural Economist
  • Econometrician
  • Economic Forecaster
  • Environmental Economist
  • Health Economist
  • Labour Market Economist
  • Mineral Economist
  • Taxation Economist

Occupations not considered suitable under this ANZSCO code:

  • Actuary
  • Mathematician
  • Statistician
  • Accountants
  • Corporate Treasurer
  • Financial Investment Advisers and Managers
  • Financial Dealers, including Financial Dealers nec
  • Information and Organisation Professionals nec
  • Policy Analyst
  • Specialist Managers, including the Finance Manager

These jobs either fall under different categories in the ANZSCO or do not meet the necessary skill level.

Economist is a VETASSESS Group A occupation.

Group B

For entry into this position, one must possess a qualification in a discipline closely related to the specified employment deemed equivalent to or higher than an Australian Qualifications Framework (AQF) Bachelor’s degree. The applicant must also have completed at least one highly relevant post-qualification job within the last five years at a suitable skill level. Candidates will not be able to demonstrate the necessary degree of ability if:

  • The degree of qualification(s) is below the minimum required. 
  • None of the qualifications are in a very relevant area of study.
  • The completion of the qualification occurred after the completion of the employment.

A favorable evaluation of employment and qualifications is necessary for a favorable Skills Assessment result.

Period of highly relevant paid employment (20 hours or more per week): One year of post-qualification paid work (20 hours or more per week) in the last five years at a skill level appropriate for the specified occupation and highly related to the occupation.

Qualification and Employment Criteria


AQF A bachelor’s degree or above

Qualifications evaluated at the AQF Bachelor, Master, and Doctorate levels are included.


  • Economics


Highly relevant tasks include, but are not limited to:

  • Examining the links between economic variables and the impact of monetary and fiscal policies, expenditure, taxation, and other budgetary measures on the community and economy.
  • Investigating, evaluating, and assessing how business policies, programs, and labor market campaigns affect welfare, economic growth, education, and training.
  • Examining local, regional, and global economic conditions and specific aspects such as industry, social groupings, and geographic locations.
  • Investigating workplace concerns such as pay fixation, business bargaining, and how workplace regulations affect economic growth and productivity.
  • Examining market trends and guiding on matters of economic concern, including prices, imports and exports, employment and unemployment, interest rates, and currency rates.
  • Predicting shifts in the financial landscape for long-term planning, evaluation of investments, and short-term budgeting.
  • Creating plans, policies, and suggestions for the economy, business investment, and strategy and conducting project feasibility studies.
  • Writing reports based on findings from the study.
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    Employment information

    Generally, public and private banks, insurance firms, think tanks, giant multinational corporations, municipal governments, and insurance companies hire economists. Certain economists work in university settings, researching theoretical or practical economic topics and producing policy reports or research articles.

    Applicants to the position of economist are expected to develop and apply theories of economic development, carry out in-depth analyses, and test and apply financial theories to provide policy advice.

    Financial analysis-focused roles will not fit the standards.

    Supporting material for assessment

    When applying for a skills assessment, please provide enough documentation to back up your employment claims, qualifications, and identity proof. Following VETASSESS documentation standards, applicants nominating this occupation must submit supporting paperwork (see List of Required Documents).

    You are also further encouraged to provide the following:

    • Proof of belonging to industry or professional groups.
    • Awards, certificates, or other forms of recognition.
    • Links to online employment reports, publications, research, or other outputs in peer-reviewed journals.

    You should also include information about any applicable training or professional development courses you have completed. These can be listed in the curriculum vitae/resume you provided.

    How to apply

    If you’re a professional considering moving to Australia, there’s a good chance you’ll need to undergo assessment by us. We evaluate 360 different professional occupations, assessing your skills, experience, and qualifications.

    1. Find

    Find the VETASSESS occupation that best matches your abilities and experience.

    2. Match

    Match your skills and experience to your chosen occupation.

    3. Prepare

    Get ready to apply by preparing all the information and documents you need. 

    4. Apply

    Apply online when you’re ready. If you’re still unsure, skills assessment support is available when you need it.