Economist – ANZSCO 224311
- Economists perform economic research and analysis, develop, and apply theories about production and distribution of goods and services and people’s spending and financial behaviour, and provide advice to governments and organisations on economic policy issues.
- Skill Level
- Alternative Titles
- Economic Analyst
- Agricultural Economist
- Economic Forecaster
- Environmental Economist
- Health Economist
- Labour Market Economist
- Mineral Economist
- Taxation Economist
Skills Assessment Requirement
Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.
Skills Assessment authority for Economist is Vocational & Education Training Assessment (VETASSESS). To have a positive skills assessment, you must meet the following criteria:
- Qualification assessed at Australian Bachelor degree or higher in a highly relevant field of study AND at least one year of post-qualification highly relevant employment at an appropriate skill level in the last five years
- Applicants must meet both the qualification and employment requirements to obtain a positive skills assessment
- A highly relevant field of study has a major focus on economics including the study of economic theory and the relationship to the production, distribution, and consumption of wealth
Potential Visa Pathways for Economist
|ANZSCO||Occupation||Skills Assessment||189||190||485||491 (State)||491 (Family)||186 (Direct)||407 (Training)||494 (regional Sponsored)||482 (TSS Medium Term)|
Group: 2243 Economists
- Perform economic research and analysis, develop and apply theories about production and distribution of goods and services and people’s spending and financial behaviour, and provide advice to governments and organisations on economic policy issues.
Statisticians are excluded from this unit group. Statisticians are included in Unit Group 2241 Actuaries, Mathematicians and Statisticians.
- Analysing interrelationships between economic variables and studying the effects of government fiscal and monetary policies, expenditure, taxation and other budgetary policies on the economy and the community
- Researching, analysing and assessing the effects of labour market programs and industry policies and programs on economic growth, welfare, education and training
- Investigating international and national economic situations, and particular features such as industries, regions and socioeconomic groups
- Studying workplace issues such as enterprise bargaining and wage fixation, and the effect of workplace policies on productivity and economic growth
- Analysing trends and advising on economic issues such as taxation levels, prices, employment and unemployment, imports and exports, and interest and exchange rates
- Forecasting changes in the economic environment for short-term budgeting, long-term planning and investment evaluation
- Formulating recommendations, policies and plans for the economy, corporate strategies and investment, and undertaking feasibility studies for projects
- Preparing reports on research findings
- Skill Level
- Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification (ANZSCO Skill Level 1).
- Occupations in this Group
- 224311 Economist
How to calculate your points (skilled visas)
To apply for a skilled visa, you need to know how many points you can score. The minimum score to be eligible for application is 65 points. However, depending on your occupation, the competitiveness, and the states you are applying to, you might need to score more points to get an invite.
Points will be given to you based on the following:
- Educational Qualifications
- Points for Professional Year
- Points for NAATI- Credentialled Community Language
- Points for 2 Year Study
- Points for English
- Points for Regional Study
- Points for Work Experience
- Points for Specialist Educational Qualifications (STEM)
- Points for Partner
Click here to calculate your points.
This 189 visa allows you to live, work and study in Australia permanently. It is a points-tested visa. The minimum score to apply is 65 points. However, based on previous invitation rounds, you would need to achieve a higher score to have a better chance of obtaining an invitation.
In short, to be eligible for visa 189, you need to meet the following criteria:
Subclass 190 visa– Skilled Nominated Visa & Subclass 491 visa – Skilled Work Regional (Provisional) Visa
To apply for visa subclass 190 and visa subclass 491, you need to have a nomination from the state/territory government where you want to live and work. Each State and Territory have individual requirements that must be met in order to receive nomination. (See below)
Another difference between the 190 and 491 visa is that you can only apply for visa subclass 491 if you are living and working in regional areas in Australia, while it is not a requirement if you are applying for the 190 visa.
In summary, to be eligible for 190 visa, you need to meet the following criteria:
To check if the state/ territory government requirements for your occupation, refer to the following links
Links to requirements
|New South Wales||
|Australian Capital Territory (ACT)|
The 485 visa is a work visa available to international students who have completed two years of study in Australia. It is an 18-month visa that has full work rights and full study rights. It also allows you to travel freely to and from Australia throughout the validity of the visa.
To be eligible for visa 485, you need to meet the following criteria:
If you have an employer who is willing to sponsor you, you may be eligible for a Subclass 186 visa. This visa is permanent and will allow you to live, work and study in Australia indefinitely. To be eligible for this visa, you need to have at least 3 years of working experience in your nominated occupation and a positive skills assessment. Alternatively, if you are a holder of a Subclass 457 or TSS visa, you can apply for Subclass 186 after working for your employer for at least 3 years under the Temporary Residence Transition stream.
The 407 visa a short stay visa for individuals to participate in occupational training or professional development in Australia. This visa is generally valid to stay in Australia for 2 years. Please note this visa is subject to condition 8102 which forbids work apart from the training that is specified in the visa application. You are also required to maintain health insurance whilst in Australia.
To be eligible for visa 407, you need to meet the following criteria:
You can apply for subclass 494 if you have a regional employer who is willing to sponsor you. To be eligible for this visa, you must have at least 3 years of working experience in your nominated occupation and have a relevant skills assessment. With this visa, there is a requirement that you must work for the employer who is sponsoring you.
This visa provides pathway to permanent residency through the 191 visa.
The Subclass 482 visa is a Temporary Skill Shortage visa that requires a sponsorship from an Australian employer. This visa allows to your live and work in Australia for up to 4 years. You may apply for as many 482 visas as you want, as long as the employer is willing to sponsor you.
Study Pathway to Economist
To become an Economist, formal qualifications are usually required such as a bachelor of economics. Postgraduate studies are also common. It should be noted that membership with The Economic Society of Australia may be useful.
Bachelor of Economics
- Duration: 3 years
- Total Course Cost Approx: $150, 584 AUD
- Must be at least 17 years of age
- Completion of Australian Year 12 or equivalent
- Academic entry requirements apply dependent on the country in which you obtained your qualifications
- English proficiency requirement – IELTS 6.5 overall with no band less than 6.0
- Previous studies in English and Mathematics
- Bachelor of Business
- Bachelor of Commerce