Economist salary. Average salary of an economist in Russia

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The salary of an economist in Russia depends on many factors: basic education, length of service, availability of additional skills and knowledge, city, welfare of the company or the budget of the institution. In order to analyze the level of remuneration, it is necessary to take into account all these points.

Key Responsibilities of an Economist

Standard job responsibilities for an economist employee suggest that such a specialist:

• helps to increase the economic efficiency and profitability of an enterprise or company through planning, analysis of financial and economic activities;
• develops and coordinates budgeting and oversees budget execution;
• accompanies any economic activity, which includes the calculation of the cost of services, products and the like;
• does reporting.

Graduate with no work experience. Assistant Economist

Currently, higher education institutions train a large number of graduates in the speci alty "Economist",leading to an oversupply of labor force. Taking into account the fact that such applicants often do not have experience, competition in the market becomes intense (according to statistics - 15, 2 vacancies per 1 resume). In this case, the salary of a novice economist will not be high, and the first years should be spent on improving their reputation, collecting recommendations in order to subsequently qualify for higher wages.

For graduates, as well as those who have not yet graduated from high school, there is a great opportunity: get a job as an “assistant economist”. He is subordinate to the company's economist and assists him in organizing the work, which is often monotonous. Applicants with secondary specialized profile education can also apply for this place. Assistant duties may include:

• receipt and shipment of goods;
• make changes to the accounting program;
• entering information into the database;
• reporting (one-time, ongoing);
• reconciliation with suppliers;
• phone calls, business correspondence;
• drawing up contracts and developing templates;
• any other assistance in the preparation of financial documents.

A young specialist needs basic training in accounting and tax accounting, economic analysis, excellent command of MS Office and 1C programs. The salary that a graduate in Moscow can apply for is 20,000–35,000 rubles, depending on the resource of the company or enterprise,responsibilities and experience requirements. In other cities it can start from 9000.

Specialist salary and education

Recent studies have shown that the salary of an economist can greatly depend on which educational institution the graduate graduated from. The priority for managers who hire young employees are those who studied at the economic and financial faculties of Moscow State University, MGIMO, the Finance Academy under the Government of the Russian Federation, as well as St. Petersburg State University and the Higher School of Economics. Their salaries at the initial stage can vary from 46,000 to 80,000 rubles.

Experienced Economist

With an increase in work experience, the accumulation of additional skills (for example, budgeting), you can qualify for a higher salary. In Moscow, on average, such a specialist can count on 35,000 rubles, in St. Petersburg - 25,000, and in other large cities - 15,000 rubles.

The salary of an economist with three years of experience can increase two or two and a half times compared to one that does not require work experience. In addition, knowledge of international financial reporting standards (IFRS) and a good command of a foreign language will allow you to qualify for a fee of 50,000–65,000 rubles in Moscow. As a rule, these requirements are put forward in large companies in large cities. In other cities, the salary of an economist-specialist with experience reaches 20,000–25,000 rubles. Pay for economists with long experience can vary greatly and be in the range of 10,000–60,000rubles for Moscow. Its increase is also influenced by the presence of certificates - for example, a diploma in International Financial Reporting (DipIFR), fluency in English and experience in management accounting. In St. Petersburg and other large cities, you can count on 30,000–70,000 rubles.

According to statistics, one of the highest salaries in Russia is received by an economist at a construction company (the level as of November 2015 is 55,000 rubles).

Recently, the position of "Manager-Economist" has become widespread, the salary of which is due to the performance of the duties of an economist and manager and, as a rule, can be quite high. The competence of this specialist includes an analysis of the state of the organization, participation in the managerial, industrial, economic, marketing, entrepreneurial fields, engaging in exchange and audit activities.

Economist of a budget organization

If an economist works in a non-profit structure, in some cases he can count on a salary increase for state employees along with all other employees of the institution. Such an employee, as a rule, is subordinate to the chief accountant. In addition to the standard ones, his job descriptions also include mandatory knowledge of the norms of the sphere in which the institution is located (housing and communal services, hospital, cultural department, etc.). The salary of an economist will depend on the availability of grades and categories. A graduate without work experience is issued by a specialist of the 6th category (initial). The more experiencework in a position, the higher the rank (but at least three years must pass for promotion). The accrual of categories also begins after three years of work in this organization. The highest rank of a public sector economist is 11th, which corresponds to the level of the Leading Specialist category.

Applicants for the position

According to research, most economists are women (78%). Sociologists and psychologists cite the monotonous nature of work as a possible reason. It is believed that women are better than men to cope with such activities. At the level of assumptions, some researchers also give a different explanation for this phenomenon. Sometimes unscrupulous managers deliberately underestimate the level of wages in the financial sector, and women agree to it more often than men. In addition, it is necessary to take into account the high competition among graduates of this direction, low starting pay for work and the need to accept the vacancy "assistant economist", which may not be to the liking of some representatives of the stronger sex.

Outcome Factors Affecting the Patch

The salary of an economist consists of several components. Specialists can apply for high wages: large cities, with experience, additional skills and abilities, working in commercial companies involved in the construction industry, having a diploma from prestigious educational institutions. The salary of a non-profit economist depends on his grades and categories. In addition, it is affected by the increasesalaries to state employees at the federal or regional level.