How to Become a Chartered Economist Step-by-Step Guide
Becoming a chartered economist is a prestigious pathway for individuals passionate about economics, financial analysis, and policy-making. The process involves meeting rigorous academic, professional, and ethical standards, and culminates in earning a globally recognized certification such as the Chartered Economist (Ch.E) designation offered by institutions like the American Academy of Financial Management (AAFM) or the Association of Certified Chartered Economists (ACCE).
Educational Requirements
To begin the journey, candidates must possess a bachelor’s degree in economics or a related field from an accredited institution. Many programs also accept degrees in finance, business, or mathematics, provided the curriculum includes substantial economics coursework. Advanced programs may require a master’s degree or higher for certain levels of certification or exemptions.
Registration and Certification Process
Prospective chartered economists must register with the certifying body, such as AAFM India or ACCE. Registration typically involves submitting academic transcripts, a detailed CV, a passport-sized photograph, and proof of identity. Candidates also pay a registration fee and may be required to join the professional association.
Once registered, candidates must complete a structured curriculum covering key areas such as applied microeconomics, advanced macroeconomics, quantitative techniques, econometrics, and economic policy. The program is divided into modules, each focusing on a specific aspect of economic theory and practice.
Examination and Assessment
Certification requires passing a series of professional examinations, usually conducted by Pearson Vue or similar testing centers. Exams are held biannually (January and July) and assess both theoretical knowledge and practical application. The exams are timed and cover topics from the curriculum, including statistics, probability, hypothesis testing, industrial organization, and time series analysis.
Candidates must adhere to a strict code of ethics and professional conduct throughout the process. This ensures that chartered economists uphold the highest standards in their work.
Professional Experience
Many certification programs require candidates to have a minimum number of years of professional experience in economics, finance, or a related field. This ensures that candidates not only have theoretical knowledge but also practical skills in analyzing economic data, advising organizations, and contributing to policy-making.
Continuing Education
After earning the designation, chartered economists must engage in continuing professional development (CPD) to maintain their certification. This includes attending workshops, seminars, and conferences, as well as staying updated on the latest economic trends and research.
Career Opportunities
Chartered economists have diverse career opportunities in various sectors, including investment banking, asset management, consulting, government agencies, central banks, insurance companies, and multinational corporations. They may work as financial analysts, economic consultants, policy advisors, or researchers.
Advancement and Salary
With experience, chartered economists can advance to senior roles such as chief economist, director of economic research, or executive positions in finance and investment firms. The salary for chartered economists varies based on experience, location, and sector, but generally offers competitive compensation and growth potential.
Steps to Become a Chartered Economist
Obtain a Relevant Degree: Earn a bachelor’s degree in economics or a related field.
Register for Certification: Apply with the certifying body and submit required documents.
Complete the Curriculum: Study and complete the required modules and coursework.
Pass Examinations: Successfully pass the professional exams.
Gain Experience: Accumulate the necessary professional experience.
Adhere to Ethics: Follow the code of ethics and professional conduct.
Engage in CPD: Participate in continuing professional development activities.
Conclusion
Becoming a chartered economist is a challenging but rewarding journey that opens doors to a wide range of career opportunities in economics and finance. By meeting the academic, professional, and ethical requirements, candidates can earn a globally recognized certification and contribute to the advancement of economic knowledge and policy-making
Becoming a chartered economist offers substantial career benefits, diverse job roles, and competitive salaries. The Chartered Economist (Ch.E) designation is globally recognized and serves as a benchmark of expertise in economics, applied economics, and economic analysis.
Benefits of Certification
Earning the Ch.E designation can increase salaries by up to 27% compared to non-certified peers.
The certification validates competency, enhances job security, and improves marketability in a competitive job market.
Chartered economists are prepared for greater responsibilities, enjoy better career flexibility, and stand out to employers.
The designation is recognized worldwide, allowing professionals to work across borders and industries.
Job Roles and Career Paths
Chartered economists work in various sectors, including:
Investment banking and asset management
Consulting and financial advisory
Government agencies and central banks
Insurance companies and multinational corporations
Research institutions and academia
Common job roles include:
Economic analyst
Financial consultant
Policy advisor
Credit manager
Cash manager
Controller
Salary Range in India
Entry-level Chartered Economists in India typically earn between ₹4,00,000 and ₹7,50,000 per annum.
Mid-level professionals can expect salaries ranging from ₹10,00,000 to ₹15,00,000 per annum.
Senior-level economists command salaries from ₹15,00,000 to ₹31,00,000 per annum.
The average salary for economists in India is around ₹23.7 lakhs, with top professionals earning up to ₹50 lakhs annually.
Continuing Professional Development
After certification, chartered economists must engage in continuing professional development (CPD) to maintain their credentials. This includes attending workshops, seminars, and conferences, and staying updated on the latest economic trends and research.
Conclusion
The Chartered Economist designation is a prestigious credential that opens doors to a wide range of career opportunities, higher salaries, and global recognition. By meeting the academic, professional, and ethical requirements, candidates can achieve significant career advancement and contribute to the field of economics and finance