At a Glance
- Tasks: Lead health economic projects and provide strategic advice to clients.
- Company: Join a top-rated global healthcare agency with a vibrant culture.
- Benefits: Enjoy competitive salary, flexible working, generous holidays, and professional development funding.
- Other info: Hybrid working options and opportunities for mentorship and team growth.
- Why this job: Make a real impact in healthcare while growing your career in a supportive environment.
- Qualifications: 4+ years in health economics, strong communication skills, and advanced modelling expertise.
The predicted salary is between 61500 - 68500 £ per year.
Base Pay Range
Role Summary
- Responsibilities: You will lead on the strategy and direction of health economic projects, with final sign‑off on all deliverables. You will also lead communications with clients, providing strategic advice and driving business development.
- Salary: £61,500 to £68,500 per annum, depending on experience.
- Benefits: Discretionary profit share bonuses paid twice per year, hybrid and flexible working options, generous holiday allowance, private medical insurance, critical illness cover, income protection, full funding for external training, and more.
- Role Type: Full‑time, permanent role.
- Start Date: We are recruiting for start dates throughout 2026, including January, February and March. Please state your availability on the application form.
- Application Deadlines: No fixed deadlines; apply early. The role will close once a suitable candidate is found.
- Location: London, Manchester and Bristol offices.
About the Role
Consultant Health Economists at Costello Medical play a crucial role as project managers. You will provide strategic advice from model conceptualisation through to building of the model and interpretation of the results. You will manage a range of projects simultaneously and hold full responsibility for client communication, budgeting plans and business development efforts.
Our Health Economics team delivers modelling projects to a broad range of pharmaceutical and medical device companies, as well as public‑sector and non‑profit clients. You will work across different accounts spanning multiple disease areas and should be able to familiarise yourself quickly with new topics. You will support recruiting, training, line‑managing Health Economists, reviewing their work and providing constructive feedback.
You will also drive global growth for the team by actively contributing to business development, building long‑term client relationships, identifying and pitching to prospective clients, and spotting opportunities to expand our service offerings. By staying ahead of emerging trends, you will enhance the team’s capabilities and shape future projects.
Hybrid Working Policy
We believe that face‑to‑face time in the office has many benefits. At the same time, we recognise that homeworking can improve work‑life balance and reduce commuting costs. Therefore, we offer flexible working arrangements that allow colleagues who have passed probation to work from home up to half their time, measured across a 2‑week rolling period. During the first 6 months of the role you will be able to work from home 1 day per week.
About Costello Medical
Costello Medical is a globally growing healthcare agency specialising in medical communications, market access and health economic and outcomes research. We work with a wide range of clients, including the industry\'s most successful pharmaceutical and medical technology companies, patient and public health bodies and charitable organisations. We have been listed in the Top 100 Best Companies to Work For since 2017 and received B Corporation accreditation in 2022. Learn more at costellomedical.com.
Requirements
About you
We are looking for a collaborative, self‑motivated individual with a strong background in Health Economics and Outcomes Research (HEOR). You will take pride in delivering exceptionally high‑quality work, building successful client relationships and consistently exceeding client expectations. You will thrive in a fast‑paced environment, stay highly organised, manage multiple project timelines and support the project team as needed. You will have a genuine desire to contribute to our team’s growth and to develop junior colleagues, leveraging your mentoring and feedback skills.
Essential requirements for the role
- A minimum of 4 years\' industry experience in health economic modelling, ideally within a consulting environment, or alternatively, a pharmaceutical or medical device company. This experience should include working directly with clients from project initiation to completion, providing recommendations on project content and approach.
- Leading multiple projects simultaneously and adapting to changing deadlines, delegating tasks and managing the time of others effectively.
- Communicating with clients and tailoring your approach to a variety of communication/working styles to build robust relationships.
- A degree in a relevant discipline (minimum 2.1 or equivalent), such as mathematics, economics, physics or computer science.
- Advanced modelling skills in Excel and VBA. Experience with other software (e.g., R, C++, STATA) is desirable, alongside a willingness to learn new technical and programming skills.
- Skilled in relationship building displayed both internally and externally, to communicate appropriately and adapt your style to different audiences and situations.
- Excellent written and verbal communication, with the ability to explain complex modelling techniques and results to non‑experts.
- An exceptionally high degree of accuracy and attention to detail.
- Flexibility to respond to changing deadlines.
- The ability to work both independently and in collaboration, leading and motivating others to deliver high‑quality outcomes.
Benefits
What we offer
- A starting salary of £61,500 to £68,500 per annum, with a discretionary profit share bonus paid twice per year.
- 25 days\' annual leave plus bank and public holidays, plus a holiday buy and sell scheme.
- Flexible working hours and the chance to work from home for up to half of your working time after passing probation.
- A flexible benefits scheme offering cash payments, additional pension contributions and more.
- Private Medical Insurance with comprehensive coverage on a “medical history disregard” basis.
- Paid study leave and funding for external qualifications.
- Critical Illness Cover, Income Protection and Life Assurance.
- Paid and unpaid sabbaticals based on length of service.
Learn more about our full reward package and the other benefits of working for Costello Medical at our benefits page.
The Application Process
Submit your CV and a cover letter via our online application form. In the cover letter, explain why you think you would be suited to the role and why you would like to join Costello Medical, providing examples for both. Your CV should clearly state the dates of all qualifications and grades achieved.
Our recruitment process includes a self‑paced assessment. If successful, you will be invited to an interview that may include a short presentation. The successful candidate may be required to undergo security/background checks, and any employment offer will be conditional on the results. The standard recruitment process lasts around one month, but can be adapted if necessary.
As an equal‑opportunity employer, we are committed to fostering a diverse and inclusive workforce and can provide reasonable adjustments throughout the recruitment process. Learn more about reasonable adjustments.
We use AI to innovate and improve processes, but confidential data may not be uploaded to AI. Therefore, we recommend not relying solely on AI to generate application materials.
Visa Sponsorship
We can provide visa sponsorship for eligible candidates for our Consultant Health Economist role. You will be asked to provide details of your UK right to work within your application, which will not affect the processing of your application.
Consultant Health Economist in City of London employer: Costello Medical
Costello Medical is an exceptional employer, offering a vibrant work culture that prioritises collaboration and employee well-being. With generous benefits including flexible working options, comprehensive health insurance, and full funding for external training, employees are empowered to grow both personally and professionally. The London, Manchester, and Bristol offices provide a dynamic environment where team members can thrive while contributing to impactful health economic projects.
StudySmarter Expert Advice🤫
We think this is how you could land Consultant Health Economist in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the health economics field and let them know you're on the lookout for opportunities. You never know who might have a lead or be able to refer you directly to hiring managers.
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Familiarise yourself with their recent work in health economics, and think about how your skills can contribute to their goals. This will help you stand out as a candidate who truly understands their mission.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with the Consultant Health Economist role. Highlight your project management skills and ability to build client relationships, as these are key to success in this position.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in joining our team at Costello Medical. So, get that application in early!
We think you need these skills to ace Consultant Health Economist in City of London
Some tips for your application 🫡
Tailor Your Cover Letter:Make sure to customise your cover letter for the Consultant Health Economist role. Highlight your relevant experience in health economics and how it aligns with our mission at Costello Medical. Use specific examples to show why you're a great fit!
Showcase Your Skills:In your CV, clearly outline your skills in health economic modelling and project management. Don’t forget to mention any advanced software skills you have, like Excel or R, as these are super important for the role. We want to see what makes you stand out!
Be Clear and Concise:When writing your application, keep it clear and to the point. Avoid jargon and make sure your achievements shine through. We appreciate straightforward communication, so let your personality come through while keeping it professional!
Apply Early!:We recommend applying as soon as possible since we’ll close the role once we find the right candidate. Don’t wait until the last minute—get your application in through our website and show us what you've got!
How to prepare for a job interview at Costello Medical
✨Know Your Health Economics Inside Out
Make sure you brush up on your health economic modelling skills and be ready to discuss specific projects you've worked on. Be prepared to explain complex concepts in simple terms, as you'll need to communicate effectively with clients who may not have a technical background.
✨Showcase Your Project Management Skills
Since this role involves leading multiple projects, come armed with examples of how you've successfully managed timelines and delegated tasks in the past. Highlight your ability to adapt to changing deadlines and how you keep everything organised.
✨Build Rapport with Interviewers
Remember, relationship building is key! Practice tailoring your communication style to different audiences. During the interview, engage with your interviewers, ask questions, and show genuine interest in their work and the company culture.
✨Prepare for the Presentation
You'll likely need to give a short presentation during the interview. Choose a relevant topic that showcases your expertise in health economics. Make it engaging and clear, and practice beforehand to ensure you're confident and polished when presenting.
