Economists research financial markets and consult both private and public organizations. They are responsible for analyzing market trends, collecting and analyzing financial and socioeconomic data and developing econometric models for forecasting, among other duties.
When you're interviewing Economists, candidates should demonstrate extensive knowledge of current economic trends and display critical thinking ability. Bad candidates will struggle to communicate effectively.
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Economist Interview Questions:
1. Which global trends will shape the world economy in the next ten years?
This questions tests a candidate's critical thinking skills. They should list anything from the fields of politics, energy or technology and demonstrate the causal link between global trends and economic impact.
2. How would you ensure that you effectively communicate economic data to your audience?
Candidates should make efforts to translate technical information in consumable ways. Look for the use of data visualization when communicating data.
3. What, in your opinion, is the most important quality in an Economist?
Candidates should list excellent communicative skill and the ability to distill complex information in an accessible way as the most important attributes in an Economist.
4. What book are you currently reading?
Economists will need to demonstrate a comprehensive and holistic understanding of economics and its various intersections, requiring them to be avid readers. Candidates should describe reading anything from current affairs to history books.
5. Describe a time when you made a mistake in your duties. How did you rectify it?
Candidates should acknowledge the importance of diligence in their role and how oversight can lead to erroneous decision making by clients. Look for stories where candidates erred, rectified their error and learned a valuable lesson from the experience.