Senior Bank Economist?

I’m not super familiar with these roles, but it seems that these guys tackle intellectually stimulating issues with good work-balance and decent comp. I could be wrong, but the sentiment is interesting to me.

I’d like to learn more about how these people position themselves for these roles and what kind of day-to-day things they’re reading / projects they’re working on. From my limited reading, it looks like most of the roles involve holding a Masters or PhD from a reputable Econ / Stats / Math / Finance program before joining the bank’s research department and working up.

I’m still not sure what kind of publications are “must-reads” to keep ears on the ground or what kind of on-the-side research projects / papers these guys are working to gain notoriety or exposure.

Any help or guidance is appreciated. If you couldn’t tell from the post I’m a novice to understanding the nuances. TIA.

 
Most Helpful

Completely different skillset/role to IBD or markets professionals. These are usually small teams - most likely no analysts or associates - headed by the chief economist for the region. I'd guess PhD is sort of mandatory to progress in this capacity. You'll be doing research and running models for macro stuff like GDP growth, unemployment, inflation, Debt / GDP, international trade, monetary policy (central banks rates, FX, money demand / supply dynamics etc.), fiscal policy and so on. In terms of articles and reads, you should check the well known journals - very specialised tho and doubt they're free - Quarterly Journal of Economics by Oxford Uni Press, Journal of Financial Economics by Elsevier, Econometrica and the like.

Laborare Pugnare Parati Sumus
 

Bank "economists" are pretty much just there to legitimize business and marketing initiatives, and so the people that are hired in that capacity usually have a similar background and set of soft skills that top ER analysts do. They also are often political hires -- people who worked at the CEA at the WH or something like that. 

 

Ut quos nam cum impedit quae et. Eveniet suscipit voluptatem quia. A possimus delectus tempora neque esse eligendi. Rerum aut rerum quam nisi inventore dolores id. Aspernatur laboriosam aspernatur aut accusantium neque. Ad rem odit et et blanditiis et quia veniam.

Tempora temporibus doloremque atque aut itaque expedita at. Voluptates repellendus debitis id in.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”