How much does an economist earn in Russia

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

The solution of financial issues is especially important during periods of crises due to various reasons. Let's find out how much an economist earns in Russia.

What does this specialist do

An economist is a person involved in finance, doing research, testing economic theories, and creating new ones. This is necessary to understand the functioning of the market, as well as to search for mechanisms to improve the situation on it.

Representatives of this profession can be divided into theorists and practitioners - the activities of some complement the research of others. Economists can work in companies, offices, educational institutions, banks, perform advisory, management functions related to accounting and financial analysis.

This specialist also analyzes and compares economic systems, thanks to which he can assess the state of the economy and the prospects for its development. The field of activity of economists is very large.

It can be said that economists are called upon to “guard” the economy and warn of any changes that may be the beginning of problems. This work is very important to control the balance in the market.

Average salaries in Russia

The largest number of vacancies in the profession of an economist is available in the Republic of Karelia. The second place is taken by the Saratov region, and the third - by the Astrakhan region. If you study the average salary, then in the Magadan region there are the highest rates, which are on average at the level of 74,640 rubles. Further on the list, the Chukotka and Yamalo-Nenets Autonomous Okrugs are considered the highest paid.

Data for a number of other regions are as follows:

• Moscow region - 63,601 rubles;
• Leningrad Region - 55,079 rubles;
• Sakhalin Region - 52,804 rubles;
• Republic of Tuva - 65,126 rubles;
• Kamchatka Territory - 56,010 rubles.

What determines earnings

The salaries of economists are different. The rates depend on the place of work, city and position. The length of service in a particular position also plays an important role. But it can be said that it is a relatively well-paid profession. Still, graduates of prestigious universities have higher earnings than graduates of little-known regional institutions.

The best earners are specialists with more than 10 years of experience. Their average earnings are about 100-150 thousand rubles. Novice economists with work experience of 1 year or less can count on an average of 30-60 thousand rubles, depending on the subject of the Russian Federation. On average, financial analysts receive RUB 50,000 in Russia.

The salaries of economists and financiers are relatively high compared to the salaries of other specialists. To achieve this income, it is necessary to demonstrate, in particular, knowledge of applicable legal regulations and the ability to prepare reports. How much an economist earns in Russia is largely determined by specialization.

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Financial auditor

The average salary of a financial auditor is 50-70 thousand rubles. The professionals in this position also often receive non-wage benefits in the form of private health care and life insurance.

Stable employment conditions can encourage people to work in this profession. Up to 94% of employees hired by financial auditors work under an employment contract. Their responsibilities include:

• control over compliance with legislation and regulations;
• checking the compliance of the internal regulations introduced in the organization with the current legislation;
• assistance in the development and implementation of procedures aimed at optimizing and improving the organization of work;
• preparation of reports on the activities of the company.

Chief economist with knowledge of a foreign language

The salary of the chief economist is on average 90-100 thousand rubles. Attractive pay isn't the only advantage. An employment contract may provide for paid medical care. Interestingly, 96% of those employed in this position are women.

The day-to-day responsibilities of the chief economist include:

• preparation of financial statements in accordance with certain standards;
• control of the correct circulation of financial documents in the organization;
• cooperation with external structures;
• care for the high quality of work and the correct organization of management accounting.

Financial analyst

The economist can choose the direction of financial analysis. Such specialists receive an average salary of 60-70 thousand rubles. Often employers provide them with benefits in the form of paid health care and life insurance. They mainly deal with drawing up annual budgets, forecasts or long-term development plans, preparing financial reports and analytical notes, controlling costs and analyzing profitability.

Studies in finance and economics open up broad development prospects for university graduates, but in order to find their place in the labor market, it is worth applying for interesting internship programs already at the stage of study.

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How much does an economist earn in a bank

The average monthly remuneration of an economist working in a bank is 50-55 thousand rubles. Every second banking economist receives a salary of 46 thousand rubles. Another 25% earn less than 45 thousand rubles. per month and about the same amount - more than 75 thousand rubles.

Outcomes

1. The profession of an economist is well paid, while you can find attractive vacancies not only in Moscow and St. Petersburg, but also in other cities and regions of the Russian Federation.
2. In many ways, earnings are determined by the place of study, because graduates of prestigious universities are more valued.
3. A person with the education of an economist can choose various areas of activity and become, at will, a financial auditor, an analyst in a bank or other institution.