Economic Specialist Job Description

The evaluation of the fiscal data of a client is done by economic or financial specialists using their proficiency in business and wisdom in tax. They even propose to the clients the enduring alternative investments.  The terms like wealth manager, financial advisor or private banker are also otherwise used. A bachelor’s degree in business is required for a private banker. Financial institutions like an insurance company or an investment bank appoint economic specialists.  They may even work independently. By looking into the client’s data the financial advisor is able to realize the purpose of the investment and help her to accomplish those objectives by proposing asset selection strategies. The sales manager is recommended by a private banker to purchase the mutual stocks of companies in the pharmaceutical sector by analyzing his personal income statement along with his target on the enduring investment. A banker may possibly be liberal arts major with concrete preparation. A degree in finance, economics or bookkeeping is the required qualification for an economic specialist. Advanced prominence like a master’s or a doctorate is required by a wealth administrator in investment assessment or finances. CPA or certified public accountant licenses are held by a number of financial specialists. Based on the intellectual training, work, position and development in trade and industry the economic specialists are remunerated. The wealth manager is remunerated not only with wages but also with bonuses for his work. In the year 2008 it was reported by The Bureau of Labour Statistics that apart from cash and stock bonuses the mean wages of the economic or financial specialists in that year were approximately$73,000.  The working hours of a monetary or fiscal specialist are from 8 a.m. to 5 p.m. in an insurance company. The case is different for an independent private banker. He can manage his time according to his convenience. Unlike wealth manager a financial specialist seldom works at late nights or early morning. It depends mainly on the availability of the client and   circumstance of the business.