Health Economist in Cambridge

Overview

Role: Health Economist at Costello Medical. Health Economists develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers and communicate insights to stakeholders in the medical sector. Models are quantitative assessments of the impact of healthcare treatments, practices and policies, typically built in Microsoft Excel, R, or C++, employing universal mathematical and statistical modelling techniques.

Start date: We are currently recruiting for start dates from January 2026 onwards; you will be asked to state your availability on your application form. Location: Global Headquarters in Cambridge, with offices in London, Manchester and Bristol. Role type: Full-time, permanent.

Application deadlines: There are no set deadlines, but early application is encouraged as the role or start dates may close when suitable candidates are found.

Salary: £42,000 per annum. Salary bands are determined by level of educational attainment to ensure a fair and consistent approach for all applicants, eliminating the need for individual negotiations.

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.

Hybrid Working Policy: 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 probation (first 6 months), you may work from home 1 day per week.

Responsibilities

• Develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers and communicate insights to stakeholders.
• Work on multiple projects simultaneously (typical workload of 3 to 4 projects at start).
• Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software.
• Interpret and analyse model results and produce technically accurate written reports of methodologies and outcomes.

Qualifications

• A degree-level or higher qualification in a relevant discipline (minimum 2.1); relevant fields include mathematics, economics, physics or computer science.
• An A-level in Mathematics (minimum B) or a Master\'s degree in a quantitative discipline (Merit or above).
• Advanced skills in Excel and knowledge of VBA; willingness to learn and improve technical and programming skills.
• Excellent written and oral communication skills; ability to explain complex modelling techniques to non-experts.
• Ability to work independently and collaboratively within project teams; high accuracy and attention to detail.
• Strong organisational skills and flexibility to respond to changing deadlines; proactive and with integrity.

Desirable requirements

• Postgraduate training in statistics or modelling (minimum 2.1).
• Familiarity with R, C++, STATA; experience applying economic and mathematical modelling techniques in an industry setting.

Joining Costello Medical from Academia

We welcome applicants from academia transitioning into a commercial, industry-based setting. We provide comprehensive training, mentorship, and a collaborative culture to support growth and innovation. Learn more: https://www.costellomedical.com/careers/working-at-costello-medical/joining-from-academia/

What We Offer

• A starting salary of £42,000 per annum, plus a discretionary profit share bonus paid twice per year.
• 25 days’ annual leave plus bank and public holidays; holiday buy/sell scheme.
• Flexible working hours and the option to work from home up to half of your time after probation.
• Flexible benefits including cash payments, additional pension contributions and more.
• Private Medical Insurance (medical history disregard).
• 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.

For more details on the full reward package, visit: https://www.costellomedical.com/careers/benefits-package-in-the-uk/

The Application Process

You are required to submit your CV and a cover letter via our online application form. Your cover letter should explain why you would be suited to the role and why you would like to join Costello Medical, with examples. Your CV should clearly state dates of all qualifications and grades achieved.

The recruitment process includes a video interview, a technical and proofreading assessment (requiring Excel), and an interview with a short presentation. The standard process lasts around six weeks, adjustable if necessary. We are an equal opportunity employer and offer reasonable adjustments during recruitment.

Visa sponsorship: You will be eligible for visa sponsorship if classified as a New Entrant under Skilled Worker visa criteria. Details are available on gov.uk. Current Student visa holders may need to pursue a Graduate visa before joining in permanent full-time roles.

If you have questions, contact recruitment@costellomedical.com.

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Analyst
• Industries: IT Services and IT Consulting