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Apprenticeship training course

Senior professional economist (integrated degree) (level 7)

Design, implement and lead programmes of economic analysis to support decision-making.

Level
7
Equivalent to master’s degree
Typical duration
24 months
Apprenticeship category
Legal, finance and accounting
Maximum funding
£11,000
Maximum amount government will fund
for apprenticeship training.
Also known as
  • Economic adviser
  • Economic consultant
  • Senior economist
  • Senior professional economist
Skills
Skills an apprentice will learn
  • Apply micro-economic and/or macro-economic theories and modelling, including econometric, to inform a range of business and policy decisions. (1,2)
  • Where appropriate convert the policy or other question into a tractable appraisal, evaluation or other analysis drawing on the most appropriate analytical method. And, where appropriate, consider: non-market valuation methods, the counterfactual, opportunity cost, risk and uncertainty and how to estimate discount rates and costs of capital. (2)
  • Critically assess available information sources and judge validity and usefulness for the issue at hand; clean and manipulate data; be aware of data limitations and explain them; clearly describe and present data using data visualisation techniques; and draw out and explain policy and business implications to clients (1,2,3,4,5)
  • Prioritise scarce resources, including own time, and focus work on areas of greatest impact; deploy project management techniques; negotiate for additional resources where appropriate; manage delivery risks; build and maintain relationships with colleagues and clients and develop and utilise internal and external networks (6,10)
  • Scope areas of work identifying: objectives, analytical methods, resources required and potential delivery risks. Able to recognise when complementary expertise is required e.g. scientists, other social scientists and data specialists. (9)
  • Use horizon scanning methodologies to anticipate new trends, opportunities and challenges that may influence outcomes of interest to client. (7)
  • Clearly communicate economic principles and concepts to non-economists; present trade-offs and uncertainties and articulate these clearly; frame advice, drawing on knowledge of stakeholders' positions, for maximum impact (1,2,3,7,8).
  • Design Quality Assurance processes and implement these, following organisational best practices, and drawing on sources of external expertise; critically assess economic analysis and improve it. (11)

Full information on Senior professional economist (integrated degree) (level 7) is available from the Institute for Apprenticeships and Technical Education.

Training providers

There are no training providers available for this course yet.

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