Economists’ salaries vary depending on the company and industry that hires them. While there are no guarantees with income, most economists earn an average of $80,000 per year—more than the median annual salary in Namibia, which hovers around $30,000 per year as of 2014. If you work at a big corporation or government agency, you may earn more than $90,000 per year; if you work at a small company or in academia, you could earn less than $40,000 per year.

Who is an Economist?

An economist is a person who studies and analyzes the production, distribution and consumption of goods and services. The goal of economists is to identify market failures, determine the optimal allocation of resources, and provide solutions for economic problems such as poverty or need.

Qualifications for Becoming an Economist in Namibia

Namibian economists are generally required to have a master’s degree in economics or finance. In addition, many economists also have an MBA. Other qualifications may vary from one employer to the next, but it is common for employers to require applicants to submit their resume and cover letter with a list of references.

How Much Do Economists Earn in Namibia?

The average annual salary of an economist in Namibia is $5,551. Salaries for economists can vary, however, based on experience and location. Entry-level economists may earn about $4,000 a year. Meanwhile, experienced experts may make up to $7,000 a year.