Introduction
In the dynamic world of economics, career advancement often hinges on the right credentials. The role of a Chartered Economist is increasingly sought-after by policy institutes, corporates, government think tanks, financial institutions, and academia. As economies adapt to digital disruption, globalization, and sustainable development, the demand for expert economists grows. Earning the “Chartered Economist” designation is a distinguished path for those aspiring to stand out in research, consulting, advisory, and leadership. This guide explores how to become a chartered economist, equipping you with the step-by-step knowledge, essential skills, and resources for success.
1. What Is a Chartered Economist?
A Chartered Economist (CE) is a professional who has completed certified training in advanced economic theory and practice, often under the authority of organizations like AAFM (American Academy of Financial Management) or equivalent national/international bodies. The designation recognizes mastery in economic analysis, policy formulation, modeling, and ethical conduct.
Why pursue Chartered Economist accreditation?
International career recognition
Competitive salary boost
Access to senior consulting, advisory, and academic roles
Deeper understanding of global and national economic trends
Network of elite economists and ongoing professional development
2. Educational Qualifications Required
The pathway to becoming a chartered economist typically starts with formal education:
Step 1: Higher Secondary (10+2)
Choose commerce or science stream, with math and economics as core subjects.
Step 2: Undergraduate Degree
Complete a bachelor’s in Economics, Finance, Commerce, Mathematics, or a related discipline. Top universities offer B.A., B.Sc., or B.Com in Economics with specialized electives.
Step 3: Postgraduate Degree (Optional but recommended)
Master’s degrees (M.A., M.Sc., M.Com in Economics) and M.Phil/Ph.D. add more weight to your profile.
Many certifying organizations require a postgraduate degree or equivalent work experience for advanced entry.
3. Chartered Economist Certification Process
Registration
Choose a recognized chartered economist program (AAFM India, global equivalents).
Review eligibility: some bodies accept graduates with or without work experience; others require postgraduates or working professionals.
Documentation
Submit academic transcripts, proof of identity, work experience (if required).
Complete online or offline registration form; pay registration fees.
Syllabus & Module Overview
The curriculum encompasses microeconomics, macroeconomics, statistics, quantitative techniques, international economics, applied economics, and electives like policy analysis, manager economics, and sectoral economics.
Training Format
Online modules, in-person classes, study guides, research assignments, workshops.
Self-study plus faculty interaction for doubt clarification.
4. Course Structure, Duration, and Fees
Duration
Chartered Economist courses typically last 18-36 months for full-time learners.
Part-time/working professionals may take longer depending on flexibility.
Fees
Registration: ₹8,000–₹25,000 (India); USD $500–$2000 globally.
Books & study material: included or paid separately (~₹5,000–₹10,000).
Examination: ₹5,000–₹15,000 per module.
Full course expense: ₹50,000–₹1,00,000 (India); USD $2,000–$10,000 globally.
Scholarships
Many organizations offer merit scholarships, early bird discounts, and need-based aid.
5. Skills Developed as a Chartered Economist
Analytical Skills
Data analysis, economic modelling (mathematics, statistics)
Policy evaluation: Applying micro and macro concepts to real-world problems
Communication & Research
Academic writing, business communications
Presenting forecasts, findings, and proposals to stakeholders
Software & Digital Tools
Statistical packages: Stata, R, Python for Economics
MS Excel, Economic databases, Visualization (Tableau, Power BI)
Leadership & Strategic Thinking
Problem-solving for national/international economic policy and corporate strategy
6. The Examination Process
Structure
Multiple modules, each with 2-3 hour tests. Exam types: MCQs, descriptive answers, case studies, project reports.
Research paper, thesis, or live project as a capstone.
Passing Criteria
Most organizations require at least 50% per module; aggregate score may vary.
Some have viva/interview stages for practical exposure.
7. Code of Ethics and Professional Conduct
Chartered Economists must adhere to strict codes of ethics:
Integrity in research and reporting
Confidentiality and safeguarding sensitive information
Dedication to public good and professional community
Fairness, respect for intellectual property, and legal compliance
Continuous professional education and skill-upgradation
8. Career Opportunities and Scope
Sectors recruiting Chartered Economists:
Financial Services: Investment banking, asset management, insurance
Government: Policy think tanks, ministry of finance, planning commissions
Industry: Consulting, research firms, energy, healthcare, infrastructure
Academia: Teaching, research, publication, policy analysis
Popular Roles:
Economic Analyst
Policy Advisor
Management Consultant
Corporate Strategist
Data Scientist (Economics)
Professor/Researcher
Chartered Economists often lead or contribute to major policy reforms, M&A deals, corporate strategies, and more. Their insights drive change in economic policy, sustainable growth, and business innovation.
9. Salary Prospects
India (2025 Estimates)
Entry level: ₹5–8 lakh per annum
Mid-career: ₹10–18 lakh per annum
Senior roles/consultant: ₹25–40 lakh per annum
International salaries
US/UK/EU: $50,000–$120,000+, depending on sector and experience
Chartered Economist certification can improve salary prospects by up to 30–50% compared to unaccredited candidates.
10. How to Prepare and Succeed
Tips to Excel
Build strong foundation in economic theory, statistics, and mathematics.
Stay updated with global/national economic trends, industry developments.
Use official study guides, reference books, mock exams, online forums.
Network with peers and mentors for guidance.
Take up internships or work experience for practical exposure.
Keep refining analytical, presentation, and digital skills.
11. FAQs on How to Become a Chartered Economist
Q: Can I pursue this after graduation?
A: Yes, graduates in Economics, Commerce, or relevant fields are eligible.
Q: Is work experience needed?
A: Not always. Entry-level programs accept fresh graduates; advanced modules require experience.
Q: Is it available online?
A: Most courses now offer online study and exams, with digital certification options.
Q: Is it recognized outside India?
A: Accredited bodies like AAFM offer international recognition; check local equivalents for global practice.
Q: What skills do I need most?
A: Analytical thinking, data modeling, research proficiency, communication, ethics.
12. Renewal and Continuing Education
Most organizations require renewal every 1–3 years.
Complete continuing education (short courses, webinars)
Update on latest laws, policy changes, new techniques
Pay renewal and membership fees
13. Sample Study Plan
Year 1:
Complete core modules in micro and macroeconomics, quantitative methods
Attend workshops, webinars, join student communities
Year 2:
Tackle electives, advanced statistics, industry-specific economics
Begin research projects, case studies
Year 3:
Prepare for capstone project, exam revision
Apply for internships and practical experience
Submit thesis, attend viva/interviews
14. Resources and Further Reading
[AAFM India Chartered Economist course curriculum]
Conclusion
Becoming a Chartered Economist opens doors to leading roles in economics policy, research, consultancy, and industry. By committing to this path, investing in formal education, mastering analytical and communication skills, and earning certification, you set yourself apart as a trusted expert. Begin today with registration, targeted study, and community engagement—and shape the future of economics on a global stage.