Skills & Competencies for Economics Analyst III

Economics Analyst III job profile

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JOB SUMMARY for Economics Analyst III

Conducts research and analysis on economic data/trends and produces forecasts, interpretive reporting, and media used for risk assessment, communication, and decision making.

JOB RESPONSIBILITIES for Economics Analyst III

Collects economic data from established datasets and other sources utilizing data collection and data science protocols. Utilizes statistical analysis, mathematical methodologies, and modeling techniques to develop data. Designs and organizes data into unique report models and graphical illustrations to present economic information used for decision making and solution development.

Economics Analyst III SALARY RANGE

BASE 50%
$140,182
TOTAL 50%
$155,627
Job Level
P04
Job Code
FA06000077
Education/Degree
Master's Degree or MBA
Reports To
Manager or Head of a Unit/Department

Economics Analyst III Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Economics Analyst III skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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11 general skills or competencies (Job family competencies) for Economics Analyst III

1 Job Family Competencies – Business Architecture
Proficiency Level -2
Skill definition-Designing and implementing business strategies, goals, and objectives to deliver end-to-end business value.
Level 1 Behaviors
(General Familiarity)
Cites examples of strategies and processes used in business architecture.
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Level 2 Behaviors
(Light Experience)
Applies the business architecture principles to identify alternative solutions.
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Level 3 Behaviors
(Moderate Experience)
Checks solution blueprints to align with business architecture strategies.
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Level 4 Behaviors
(Extensive Experience)
Delivers innovative solutions to resolve critical business process architecture issues.
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Level 5 Behaviors
(Mastery)
Builds training programs for the new employees to learn and use the best practices of business architecture.
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2 Job Family Competencies – Business Strategy
Proficiency Level -2
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Cites examples and best practices of great business strategies.
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Level 2 Behaviors
(Light Experience)
Assists in improving programs based on our organization's business strategy.
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Level 3 Behaviors
(Moderate Experience)
Administers innovative analytical solutions to optimize business strategy.
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Level 4 Behaviors
(Extensive Experience)
Contributes to the business strategy to articulate the broad implications of business trends.
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Level 5 Behaviors
(Mastery)
Champions the adoption of the latest technologies to implement various business strategies.
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3 Economics Analyst III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst III
Proficiency Level - 4
5 Competency for - Economics Analyst III
Proficiency Level - 5

10 soft skills or competencies (core competencies) for Economics Analyst III

1 Core Competencies – Gathering Information
Proficiency Level -3
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Cites examples of methods used to collect and compile information.
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Level 2 Behaviors
(Light Experience)
Applies techniques and tools to gather, organize, and archive pertinent information.
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Level 3 Behaviors
(Moderate Experience)
Analyzes employees' feedback to determine necessary changes to be implemented within our business.
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Level 4 Behaviors
(Extensive Experience)
Implements strategies to streamline the data collection process.
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Level 5 Behaviors
(Mastery)
Champions the adoption of advanced tools and methods to simplify the information-gathering process.
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2 Core Competencies – Predictive Analytics
Proficiency Level -3
Skill definition-Gathering, analyzing, and predicting patterns and structures of historical data and trends to make strategic decisions for better future outcomes.
Level 1 Behaviors
(General Familiarity)
Differentiates between predictive analytics and machine learning.
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Level 2 Behaviors
(Light Experience)
Collects data from specific sources to support data processing in predictive analytics.
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Level 3 Behaviors
(Moderate Experience)
Recommends fixes and optimizations to avoid future malfunctions and maximize efficiency.
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Level 4 Behaviors
(Extensive Experience)
Monitors performance to ensure accuracy and relevance of predictions in driving organizational growth.
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Level 5 Behaviors
(Mastery)
Develops predictive models to determine and draw up predictions about future industry trends.
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3 Economics Analyst III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst III
Proficiency Level - 4
5 Competency for - Economics Analyst III
Proficiency Level - 5

Summary of Economics Analyst III skills and competencies

There are 0 hard skills for Economics Analyst III.
11 general skills for Economics Analyst III, Business Architecture, Business Strategy, Data Analytics, etc.
10 soft skills for Economics Analyst III, Gathering Information, Predictive Analytics, Problem Solving, etc.
While the list totals 21 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Economics Analyst III, he or she needs to be skilled in Gathering Information, be skilled in Predictive Analytics, and be skilled in Problem Solving.

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