The heart of global macroeconomic policy and international relations
London and overseas
Diplomatic Economists work on some of the most diverse and rewarding projects in government. As a Diplomatic Economist Fast Streamer your work will allow you to focus on both country specific projects as well as thematic projects that look across international borders. This will place you at the heart of global macroeconomic policy and international relations.
You will work within the Foreign and Commonwealth office (FCO) assessing programmes and analysing emerging trends in areas such as inequality and globalisation.
Diplomatic Economist Fast Streamers are placed in a wide range of roles with the primary purpose of making sure foreign policy is underpinned by sound economic analysis. No two Diplomatic Economists will share the same career path and you’ll spend a large part of your career overseas. You could end up working on post-conflict reconstruction or manage relationships with our biggest trading partners.
As economists, it is always important to convey our work beyond the boundaries of our profession; working in the FCO provides an excellent learning opportunity for developing these skills.
On arrival in the economics unit of the FCO you will be assigned to one of our geographical regions for which you will have responsibility. Here you will enjoy a wide-variety of work, ranging from analytical papers on your geographical region, to assessing business cases for FCO programmes. You will also provide analytical support to policy teams across the FCO.
You’ll work within a policy team learning some of the established skills of policy development; alternatively you could take up the challenge of learning a language such as Mandarin or Arabic. After that, you’ll go overseas for your first posting.Your postings could involve leading economic reporting and relationships in cities like Tokyo or Baghdad.
Diplomatic Economists have outstanding access to development opportunities through the Diplomatic Academy and Government Economics Service. These services provide a large and diverse array of courses, from macroeconomic and international trade refreshers to master classes on trade policy and how to communicate effectively with ministers.
In your first year, there will be 5 weeks of required learning in the basics of how the FCO works and diplomatic tradecraft.
You’ll have a unique chance to work on issues that really matter. The programme provides a platform for promotion and long-term progression.
Promotion and successful completion of the scheme will see you earn around £45k to £55k, while other benefits include the Civil Service pension scheme, professional qualifications, flexible working, season ticket loans, sports and social activities, childcare vouchers and more.
If you pass the online tests, you'll be invited to complete an Application Form and this will be sifted by the scheme owner. If successful at the sift, then you will be invited to attend a half-day assessment at one of our assessment centres in either London or Newcastle.
We'll ask you to take part in a series of exercises. This includes a leadership exercise, a group exercise and an analysis exercise.
If you are successful at the assessment centre, you’ll be invited to take part in a final selection process.
The specialist assessments will assess your broad capabilities and motivation to be part of the profession you’ve chosen. You’ll be sent detailed guidance before the assessments to explain what is involved.