Which tasks appear in job advertisements for business economists and how often? What is required?

Job advertisements for business economists contain all the requirements that a company places on new employees for the vacant job profile. Jobseekers will find all the important information about the vacancy in job advertisements, such as

  • the tasks
  • the requirements (previous education, professional experience, personal skills and characteristics)
  • Further employer information

This information on the job of business economist varies from company to company. We have collected the information from the relevant job advertisements from various recruitment agencies, looked at it and compiled it for you*:

 

Different job titles:

  • Business economist
  • Business consultant
  • Business Analyst
  • Financial analyst
  • Controlling Expert / Controller
  • Project manager
  • Management consultant
  • Operations Manager
  • Management Consultant
  • Strategic Planner
  • Business Development Manager
  • Business economist (depending on focus)
  • Cost and performance calculator
  • Controller for finance and accounting
  • Market researcher / market analyst
  • Economic planner
  • Process manager
  • Chief Financial Officer (CFO) (in larger companies)
  • Risk Manager
  • Supply Chain Manager
  • Change Manager

 

Distribution of individual tasks in a job as a business economist:

Analyzing and evaluating business data: Business economists are often responsible for collecting, analyzing and evaluating operational data. This includes preparing profitability analyses, monitoring key figures (e.g. sales, costs, profitability) and identifying trends and optimization potential.

 approx. 40% of the time

Preparation of financial and operating reports: Tasks also include the regular preparation of financial and operational reports to help management or external stakeholders make informed decisions. Budgets, plans, forecasts and annual financial statements can play a role here.

 approx. 20% of the time

Strategic planning and consulting: Business economists are often involved in the strategic orientation and planning of the company. They support management in the development of long-term goals, analyze market conditions and suggest possible strategic measures.

approx. 15% of the time

Optimization of operational processes: Business economists identify and analyze inefficient processes in the company. They develop suggestions for improvement to increase efficiency and profitability and support the implementation of optimization measures.

 approx. 15% of the time

Project management and coordination: Participation in projects, whether in the area of product development, IT integration or organizational development, is also part of the job. This involves the planning, coordination and monitoring of projects.

 approx. 10% of the time

Requirements mentioned in job advertisements for a job as a business economist

Professional requirements
  • Completed basic education or studies
  • Certified business economist training
  • Professional experience in the field of business administration
Specialist knowledge for a job as a business economist
  • Practical experience in the relevant areas
  • Sound knowledge of accounting and financial analysis
  • Knowledge of business software
  • Knowledge of process optimization and organization
  • Knowledge in specific areas
Personal characteristics
  • Analytical thinking
  • Communication skills
  • Teamwork and leadership skills
  • Self-organization and time management
  • Good knowledge of German
  • Willingness for continuing education, further training
Other Job Business economist
  • Negotiation skills: negotiating contracts, conditions and cooperation with various departments or external partners.
  • Problem-solving Ability to find innovative solutions to operational problems and improve processes through pragmatic approaches.
  • Time and self-management: working efficiently under time pressure, prioritizing tasks and managing several projects simultaneously.
  • Teamwork and cooperation with various departments (e.g. finance department, marketing, IT) and external partners to achieve goals together.
  • Leadership skills: In higher positions, the ability to lead teams or projects is also required.

Here you will find informative links on the subject of job advertisements and job searches:

*The information listed here comes from a specific ad hoc study to give you a unique insight into the job market and desired employment. So that you know what is currently required in a job as a business economist.

Schools with training for a job as a business economist