Skills & Competencies for Economics Analyst IV

Economics Analyst IV job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for Economics Analyst IV

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 IV

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 IV SALARY RANGE

BASE 50%
$168,019
TOTAL 50%
$182,481
Job Level
P05
Job Code
FA06001010
Education/Degree
Master's Degree or MBA
Reports To
Manager or Head of a Unit/Department

Economics Analyst IV 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 IV skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

11 general skills or competencies (Job family competencies) for Economics Analyst IV

1 Job Family Competencies – Business Architecture
Proficiency Level -3
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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Assists in developing business architecture best practices, techniques, and tools.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Executes the architecture roadmaps to maintain the architecture backlog of the business domain.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Develops innovative process flow architecture to support existing and future business plans.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Champions the adoption of the business architecture practices to maximize the business value.
See 4 More Skill Behaviors
2 Job Family Competencies – Business Strategy
Proficiency Level -3
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Discusses business strategy constraints in meeting our organizational objectives.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Documents core objectives of business strategy to ensure appropriate quality oversight.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Defines the business strategy of our organization to maximize business opportunities.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Evaluates new business opportunities to develop an effective strategy and win business resources.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops business strategy to support the vision of our organization.
See 4 More Skill Behaviors
3 Economics Analyst IV - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst IV
Proficiency Level - 4
5 Competency for - Economics Analyst IV
Proficiency Level - 5

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

1 Core Competencies – Gathering Information
Proficiency Level -4
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Explains the use of surveys and interviews in gathering the necessary information.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Conducts basic research to identify current industry trends and best practices.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Participates in various company events to gain information about current business operations.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides training to others about new techniques and strategies for effective data collection.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs a system for monitoring the effectiveness of data-gathering channels.
See 4 More Skill Behaviors
2 Core Competencies – Predictive Analytics
Proficiency Level -4
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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Collects data from specific sources to support data processing in predictive analytics.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Performs complex calculations and meaningful ratios for accurate analytics.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors performance to ensure accuracy and relevance of predictions in driving organizational growth.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops predictive models to determine and draw up predictions about future industry trends.
See 4 More Skill Behaviors
3 Economics Analyst IV - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst IV
Proficiency Level - 4
5 Competency for - Economics Analyst IV
Proficiency Level - 5

Summary of Economics Analyst IV skills and competencies

There are 0 hard skills for Economics Analyst IV.
11 general skills for Economics Analyst IV, Business Architecture, Business Strategy, Data Analytics, etc.
10 soft skills for Economics Analyst IV, 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 IV, he or she needs to be skilled in Gathering Information, be skilled in Predictive Analytics, and be skilled in Problem Solving.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.