Most new economic staff hired as fresh graduates

Recruits from private sector, academia make up smaller portion of new hires

The majority of new staff hired into central banks’ economics departments are recent graduates, the Economics Benchmarks 2023 shows.

Data from 28 central banks reveals an average of 59.9% of open positions are filled by recent graduates. Five institutions report the maximum value of 100% of new hires being graduates. By contrast, one lower-middle income central bank from Africa says no new hires are recent graduates.

On average, the private financial sector accounts for 15.1% of new economists

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