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
1
Alternative Titles
  • Economic Analyst
Specialisations
  • Agricultural Economist
  • Econometrician
  • 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
ANZSCOOccupationSkills Assessment189190485 491 (State)491 (Family)186 (Direct)407 (Training)494 (regional Sponsored)482 (TSS Medium Term)
224311EconomistVETASSESS

Group: 2243 Economists

Description
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.
Tasks
  • 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:

Click here to calculate your points.

189 visa – Skilled Independent Visa

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:

Immigration Points

Must score at least 65 points. Due to the competitive nature of this visa, a pool mark does not guarantee an invitation to apply.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age. There is however no age limit for the 189 NZ stream.

be invited

Must lodge the EOI and be invited by the Department of Home Affairs to apply for the visa.

Skills assessment

Must have positive skills assessment. Each occupation has a specific assessing authority.

HEALTH AND CHARACTER

Must meet health and character requirements.

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)

While the 190 visa is a permanent visa, subclass 491 visa gives you right to live and work in regional Australia for 5 years with a pathway to permanent residency through the subclass 191 visa.

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:

Immigration Points

Must score at least 65 points, or higher points if the state or territory requires.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent, or higher if the state or territory requires.

Age

Must be under 45 years of age.

be invited

Must lodge an EOI and be invited by the state or territory and then apply for the visa.

Skills assessment

Must have positive skills assessment. Each occupation has a specific assessing authority.

HEALTH AND CHARACTER

Must meet health and character requirements.


To check if the state/ territory government requirements for your occupation, refer to the following links

State/ Territory
Links to requirements
New South Wales
Victoria
South Australia
Western Australia
Northern Territory
Australian Capital Territory (ACT)
Tasmania
Queensland

485 Visa – Graduate Temporary Visa (Graduate Work Stream)

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:

Age

You must be under 50 years of age.

Education

Must have completed a two-year CRISCOS registered course(s).

Subclass 491 Family Sponsored visa – Skilled Work Regional (Provisional) visa

This 491 Family sponsored visa requires you to have a family member who is living in regional area to sponsor you. This visa offers pathway to permanent residency through visa subclass 191.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age.

be invited

Must lodge an EOI and be invited by DHA to apply for the visa.

Skills assessment

Must have positive skills assessment. Each occupation has a specific assessing authority.

HEALTH AND CHARACTER

Must meet health and character requirements.

Subclass 186 visa – Employer Nomination Scheme

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.

Experience

At least 3-year fulltime work experience in the nominated occupation.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age, unless exempt.

Be Sponsored

Must be sponsored by an Australian employer.

Skills assessment

Must have a positive skills assessment. Exemptions apply for the 186TRT.

HEALTH AND CHARACTER

Must meet health and character requirements.

407  Training Visa

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:

GTE

You must prove that you genuinely stay in Australia for training and will depart when you complete the training.

English Level

Must have Functional English, i.e. IELTS overall 4.5 with no band less than 4, or equivalent.

Age

Must be over 18 years old.

Be Sponsored

You must be sponsored by an approved temporary activities sponsor – Can be an employer or a commonwealth agency

Health and Character

Must meet health and character requirements.

Subclass 494 visa – Skilled Sponsored Regional (Provisional) visa

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.

Experience

At least 3 years full-time work experience in the nominated occupation.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age, unless exempt.

Be Sponsored

Must be sponsored by an Australian regional employer.

Subclass 482 visa – Temporary Skill Shortage (Medium Term) 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.

English Level

Must have IELTS overall of atleast 5.0 with no band less than 5.0.

Age

There is no age requirement for this visa.

Health and Character

Must meet health and character requirements.

Book a consultation with our Registered Migration Agents in Melbourne to find out more about your visa options and your path to Australian permanent residency or applying for citizenship.

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