How to Become a Chartered Economist A Step-by-Step Guide

Becoming a Chartered Economist in India is a prestigious pathway for professionals seeking to demonstrate advanced expertise in economics, policy analysis, and financial decision-making. The Chartered Economist (Ch.E) designation is awarded by the American Academy of Financial Management (AAFM) India and is recognized for its rigorous curriculum and professional standards. This comprehensive guide will walk you through the eligibility requirements, registration process, curriculum, examination structure, fees, career prospects, and the benefits of earning the Chartered Economist certification.

Eligibility Requirements

To enroll in the Chartered Economist program, candidates must meet the following basic eligibility criteria:

• Completion of 10+2 education from a recognized board.
• Possession of a bachelor’s degree in economics or a related field from an accredited institution.
• No prior work experience is required for entry, making it accessible to recent graduates and early-career professionals.​

Registration Process

The registration process for the Chartered Economist certification is straightforward and can be completed online or offline:

• Visit the official AAFM India website and navigate to the Chartered Economist registration page.
• Fill out the registration form with personal, educational, and contact details.
• Upload a recent passport-sized photograph and self-attest all required documents.
• Pay the registration fee online or offline, as per the instructions provided.
• Upon successful registration, candidates receive a welcome email and login credentials for their AAFM student account, where they can access course materials and track their progress.​

Curriculum Overview

The Chartered Economist curriculum is designed to provide a deep understanding of both theoretical and applied economics. The program is divided into six core modules, each focusing on a key area of economics:

1. Applied Microeconomics
   • Fundamentals of economics
   • Demand and supply analysis
   • Consumer and producer behavior
   • Forms of market and price determination
2. Advanced Macroeconomics
   • Macroeconomic concepts
   • Inflation, money, and unemployment
   • Economic policy in open economies
3. Quantitative Techniques for Economics
   • Introduction to mathematical economics
   • Game theory and behavioral economics
   • Introduction to econometrics
   • Simple and multiple regression models
4. Financial Economics
   • Financial markets and instruments
   • Risk management and portfolio theory
   • Corporate finance
5. Managerial Economics
   • Decision-making in business
   • Cost and production analysis
   • Pricing strategies
6. Applied Economics
   • Economic policy analysis
   • Energy, health, industrial, and petroleum economics
   • Managerial economics applications

In addition to these modules, candidates are provided with supplementary reading materials on international economics, mathematical economics, and econometrics, which are widely accepted by economics scholars.​

Examination Structure

The Chartered Economist certification examination is conducted by Pearson VUE at authorized examination centers. The exam structure is as follows:

• Duration: 115 minutes
• Modules Covered: 1 to 5
• Number of Questions: 55 (divided into three sections)
• Total Marks: 100
• Passing Percentage: 50%

Candidates must pass the examination to meet the academic requirements for the Chartered Economist designation. The exam tests both theoretical knowledge and practical application of economic concepts.​

Fees and Renewal

The fee structure for the Chartered Economist program is as follows:

• Registration Fee: USD 100 (or equivalent in INR)
• Renewal Fee: INR 8,000 + GST (for registration renewal after 365 days)
• Examination Fee: Payable at the time of examination

Registration is valid for 365 days from the date of activation. Candidates must complete the certification within three years from the date of first registration; otherwise, any completed levels will be nullified. Fees are non-refundable under any circumstances.​

Career Prospects

Earning the Chartered Economist designation opens up a wide range of career opportunities in both the public and private sectors. Graduates can pursue roles such as:

• Economic Analyst
• Policy Advisor
• Financial Consultant
• Research Economist
• Corporate Economist
• Academician

The certification is highly valued by employers and can lead to increased salaries and career advancement opportunities. Chartered Economists are often sought after for their analytical skills, expertise in economic policy, and ability to make data-driven decisions.​

Benefits of the Chartered Economist Designation

• Professional Recognition: The Chartered Economist designation is a mark of professional competence and adherence to ethical standards in the practice of economics.
• Enhanced Career Opportunities: The certification can significantly boost career prospects and earning potential.
• Networking: Candidates gain access to a network of professionals and experts in the field of economics.
• Continuous Learning: The program encourages continuous learning and professional development through its rigorous curriculum and examination process.​

Conclusion

Becoming a Chartered Economist in India is a rewarding journey for anyone passionate about economics and its applications in the real world. The program offers a comprehensive curriculum, rigorous examination process, and valuable career opportunities. By meeting the eligibility requirements, completing the registration process, and successfully passing the examination, candidates can earn the prestigious Chartered Economist designation and advance their careers in the field of economics.