Associate Economics Analyst 240526 (2024)

The Asian Development Bank (ADB) is a regional development institution dedicated to promoting social and economic progress across Asia and the Pacific. By providing financial and technical support for projects in areas like infrastructure, education, and climate change, ADB aims to foster sustainable development and reduce poverty. Collaborating with governments and private sector partners, ADB drives regional integration and economic growth through strategic investments and policy advice.

Job Vacancy | Friday, July 26, 2024

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Reference Number240526
Position LevelAS 6
DepartmentSouth Asia Department
DivisionIndia Resident Mission
LocationIndia Resident Mission
Date PostedFriday, July 26, 2024
Closing DateFriday, August 9, 2024 11:59 p.m. (2359 Manila Time, 0800 GMT)

Join Our Mission to Foster Prosperity in Asia

Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.

Organizational Setting and Reporting Relationship

The position of Project Analyst is assigned to India Resident Mission (INRM) within the South Asia Department (SARD). You will be based at our India Resident Mission in New Delhi, India.

You will report to Designated International Staff (IS) and Senior National Staff (NS).

Your Role

As an Associate Economics Analyst, you will be contributing to economic and sector work (ESW) at the INRM and will support monitoring, analysis and reporting on economic developments including socio-economic issues. You will be providing support to economic, sector, operational and knowledge work under the guidance of a designated international staff and or senior national staff.

You will:

  • Assist in preparing the India chapter of Asian Development Outlook and other macroeconomic notes.
  • Provide inputs for economic reports and assist in preparing briefing notes, background papers, and other reports and documents as required.
  • Monitor socio-economic trends and policy developments, including in operationally relevant sectors.
  • Create and update regularly a comprehensive socio-economic database for India and selected states.
  • Assist in project and technical assistance processing missions by providing public finance and sector-specific information as required.
  • Support implementation of assigned projects by providing technical support for performance reporting, recruitment of consultants, and monitoring the progress on assigned projects.
  • Support administration of assigned technical assistance by recruitment of the firm/consultants, contract management, liquidation of invoices, and progress monitoring.
  • Support data analysis through use of statistical packages.
  • Support knowledge management activities.
  • Assist in the preparation of the briefing folders for the management visits
  • Perform other tasks as assigned and reflected in the incumbent’s workplan.

Qualifications

You will need:

  • Bachelor’s degree in economics.
  • Minimum of 5 years of relevant experience, 2 years of research experience preferred.
  • Sound knowledge of Indian economy and relevant databases and data sources
  • Proficiency in the use of technology packages (common word-processing, spreadsheets and graphics, PowerPoint and web-browsing and search engines).
  • Effective report-writing and communication skills in English
  • Excellent written and oral communication skills in English.
  • Ability to liaise and work effectively with government officials within duty station and with colleagues throughout ADB
  • Excellent computer skills in the use of standard econometric and statistical packages
  • Strong interpersonal skills suitable for multicultural environment.
  • Ability to work collaboratively with teams as a constructive team member ‘
  • Please refer to the link for ADB Competency Framework for Administrative Staff Levels 6

Benefits

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

· Paid leave (including parental)

· Medical and health benefits

· Life and other insurance plans

· Staff development

· Retirement plan

· Housing and education allowance (if applicable)

· Expatriate benefits (for international staff)

Additional Information

This is a fixed term appointment with option to renew for an initial period of THREE (3) years following Section 3.1 (b) of Administrative Order No. 2.01 (“Recruitment and Appointment’). This appointment is not convertible to a regular appointment. It may be extended on an exceptional basis for a further fixed period at the option of ADB. This appointment is open to internal and external applicants.

This opening is a local staff position. It is open only to nationals and residents of India.

About Us

Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADB only hires nationals of its 68 members.

To view ADB Organizational Chart, please click here.

ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.

Visit ADB Careers FAQ for more information.

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Associate Economics Analyst 240526 (2024)

FAQs

How to get into consulting with an economics degree? ›

To break into consulting with an economics degree, start by mastering core economic principles, quantitative skills, and data analysis. Acquire practical experience through relevant internships and build a network by attending industry events.

Why is economic analysis necessary for an industry? ›

The purpose of economic analyses is to provide a systematic approach for evaluating the costs, benefits, and impacts of economic decisions. Often, the best way to do this is by ranking projects based on their economic viability, which will help you choose the most beneficial option.

How to do economic analysis? ›

The Economic Analysis Process
  1. Define the problem and the objective.
  2. Identify feasible alternatives for accomplishing the objective, taking into account any constraints.
  3. Determine whether an economic analysis is necessary, and if so, the level of effort which is warranted.
  4. Select a method or methods of economic analysis.

What is the role of economic analysis? ›

Economic analysis essentially entails the evaluation of costs and benefits. It starts by ranking projects based on economic viability to aid better allocation of resources. It aims at analyzing the welfare impact of a project.

Do economists make 6 figures? ›

The US Bureau of Labor Statistics, Occupational Outlook Handbook (online in 2023) reports annual wages for economists. For economists of all educational levels, the median earnings in 2023 were $115,730 with $62,520 at the tenth percentile and $216,900 at the 90th percentile.

How hard is it to break into economic consulting? ›

Consulting firms hire employees with bachelor's degrees for entry-level positions, but advancement in the field usually requires a PhD in economics or an MBA. A career in economic consulting requires strong mathematic and statistical skills; any programming skills are a plus.

What are the four purposes of economic analysis? ›

List assumptions to account for uncertainties. Identify alternatives. Analyze costs and benefits. Compare alternatives.

What is the economic analysis called? ›

Economic analysis is the assessment of a topic from the perspective of an economist. There are two types of economic study - Deductive Method and Inductive Method. Analysis refers to studying a given topic in detail.

What is the purpose of economic analyses? ›

Common Types of Economic Analysis

You use it to determine what activity or method is the most cost effective in producing the desired outcome. This analysis is often used in the medical field.

How can I be a good economic analyst? ›

Key skills for success as an economic analyst include forecasting, mathematical knowledge, research abilities, analytical thinking, communication expertise, and critical thinking abilities.

What are the four basic tools of economic analysis? ›

Economics as a subject uses different tools for economic analysis of figures, names, dates and quantitative information. Some of these tools include table, charts, graphs, mean, median, and mode etc.

What are the three types of economic analysis? ›

One: economic impact analysis, • Two: programmatic cost analysis, • Three: benefit-cost analysis, and • Four: cost-effectiveness analysis. We will also discuss cost-utility analysis, a special type of cost-effectiveness analysis.

Who uses economic analysis? ›

These statistics are used by federal, state, and local governments for budget development and projections; by the Federal Reserve for monetary policy; by the business sector for planning and investment; and by the American public to follow and understand the performance of the nation's economy.

What is an example of economic analysis? ›

Examples include GDP, inflation, economic growth, interest rates, etc. Slopes: Slopes and graphs are other analysis tools as they portray the change in dependent variables when there is a change introduced in the independent variables.

What are the three tools of economics? ›

Three tools that economists use to empirically test economic theory are randomized experiments, observational studies, and quasi-experimental studies (natural experiments). First rank the three methods in terms of ability to identify casual relationships and provide a justification (explanation) for your ranking.

Can an economist work as a consultant? ›

Much economics consulting takes place in the context of litigation: An economist is paid to write an expert report in support of a litigant's position on an economic issue and perhaps also to answer questions in a deposition or to testify.

Does McKinsey hire economics graduates? ›

Both firms hire consultants from a wide range of academic backgrounds, including economics, business, engineering, and the sciences. What is more important is that candidates have strong analytical skills, the ability to think strategically, and the capacity to work well in teams.

Does Deloitte hire economics majors? ›

Analytics jobs at Deloitte

A master's degree in economics, econometrics, math, statistics, or a related analytics discipline will equip you with the necessary skills for the job.

Does McKinsey do economic consulting? ›

Our mission is to provide a fact base to aid decision making on the economic and business issues most critical to the world's companies and policy leaders.

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