All of us might have come across this question every now and then, especially because there has not been much knowledge and information available on how one could actually become a professional economist, or as it were, a Chartered Economist.
Let’s see how together, we can provide a very succinct solution to this question: how does one become a Chartered Economist?
It’s obvious from the onset that, to become a chartered economist, one must first belong to a professional association. Professional institutions are the organizations that are mandated to provide a professional qualification designation, such as Chartered Economist®.
There are numerous professional associations providing qualifications for various disciplines. Notable fields with lots of professional qualification programs are accounting, finance, investment, marketing, and now, economics, which is also gaining momentum.
The question is even more valid because there has not been much momentum regarding the Chartered Economist designation until recently, at least until we have seen some global organizations and chartered economist certifications.
Going back to answering the question, it’s only fair and practicable that we use one of the world’s leading and foremost chartered economist bodies, ICCE, as the case study.
The ICCE is the Institute of Certified Chartered Economists, a US-registered and global professional body providing the Chartered Economist designation globally. By this, it means that the ICCE’s Chartered Economist designation is accessible globally.
This certainly the ICCE will put you in a global community of economists, offering you a global career advantage and opportunities.
Becoming a Chartered Economist with the ICCE
So yes, for anyone seriously considering becoming a Chartered Economist, which we all strongly recommend, your best bet is the ICCE.
It’s currently the leading globally accessible, credible, affordable, and relevant chartered economist designation program.
The journey of becoming a chartered economist with the ICCE can be structured as below:
STEP 1 – Membership Registration
Here, a potential member is required to first register as a learner. All ICCE applications are done online via their website. That means, irrespective of location, one can become a member of the ICCE and begin their journey.
STEP 2 – Taking Your ICCE Examinations
Yes, a core part of the journey is completing all the examination requirements. With ICCE, their examination is structured according to levels. In total, one must sit and pass fifteen (15) individual papers structured into Levels I, II, and III, as well as Professional Specializations.
The best recommendation is that you visit their website for more details on the examination as well as applicable fees.
As a learner, they offer exemption options as well. If a learner has a previous degree in economics, then they stand a chance of skipping some of the exams through exemptions. Explore that option as well.
They also provide scholarships to all their members.
STEP 3 – Satisfy Working Experience Requirements
Typically, one should be awarded the Chartered Economist designation after completing all the exam requirements. However, with the ICCE, there is another box to be ticked, and that is work experience.
It states that in order to be awarded the Chartered Economist designation, even after completing all exams, a learner must also have a minimum of 36 months of working experience. This could be acquired before, during, or after the ICCE examination.
STEP 4 – Receive the Chartered Economist Designation
After satisfying all the examination, testing, experience, and financial obligations, the ICCE will award the coveted Chartered Economist designation and membership certificates.
These steps above are the common thread through all other major professional programs in and around the world.
So, there you have it. To become a chartered economist, one must first join a professional body. Here, the best recommendation with global recognition is the ICCE. Take their examinations, meet the experience criteria, and VOILA!!, you are the next Chartered Economist with global opportunities.
Best wishes to anyone who is desirous of, and aspiring to, becoming a Chartered Economist®