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)
Describes the concepts and principles of business architecture.
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Level 2 Behaviors
(Light Experience)
Assists in developing business architecture best practices, techniques, and tools.
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Level 3 Behaviors
(Moderate Experience)
Executes the architecture roadmaps to maintain the architecture backlog of the business domain.
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Level 4 Behaviors
(Extensive Experience)
Develops innovative process flow architecture to support existing and future business plans.
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Level 5 Behaviors
(Mastery)
Champions the adoption of the business architecture practices to maximize the business value.
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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)
Describes the correlation of business strategy with our organization's vision.
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Level 2 Behaviors
(Light Experience)
Documents core objectives of business strategy to ensure appropriate quality oversight.
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Level 3 Behaviors
(Moderate Experience)
Defines the business strategy of our organization to maximize business opportunities.
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Level 4 Behaviors
(Extensive Experience)
Determines different perspectives to manage practices and fulfill the business strategy.
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Level 5 Behaviors
(Mastery)
Creates best practices in developing and designing a business strategy to assess actions.
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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)
Describes the importance of gathering relevant information in making informed business decisions.
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Level 2 Behaviors
(Light Experience)
Checks multiple sources to get complete and accurate information.
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Level 3 Behaviors
(Moderate Experience)
Asks questions and gathers the necessary information to make informed business decisions.
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Level 4 Behaviors
(Extensive Experience)
Monitors the overall process of records retention programs.
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Level 5 Behaviors
(Mastery)
Designs a system for monitoring the effectiveness of data-gathering channels.
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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)
Describes various predictive model types, including decision trees, regression, and neural networks.
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Level 2 Behaviors
(Light Experience)
Assists in creating and validating predictive models.
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Level 3 Behaviors
(Moderate Experience)
Performs complex calculations and meaningful ratios for accurate analytics.
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Level 4 Behaviors
(Extensive Experience)
Directs predictive techniques to increase organizational success and decrease operational failures.
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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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