Economist

Economist

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyze London's economy and provide expert advice for impactful decision-making.
  • Company: Join the GLA Economics team, a key player in shaping London's economic strategies.
  • Benefits: Enjoy a dynamic work environment with opportunities for professional growth and collaboration.
  • Why this job: Make a real impact on London’s future while working on diverse policy areas.
  • Qualifications: A degree in economics or related field is essential; experience in economic appraisal is a plus.
  • Other info: Work within a multidisciplinary team and contribute to high-quality analysis for the Mayor of London.

The predicted salary is between 36000 - 60000 £ per year.

The GLA Economics team provides expert advice and analysis on London’s economy and related issues facing the Mayor of London. We aim to be an authoritative and highly regarded source of information and data for anyone with an interest in London’s economy.

We:

  1. Provide monitoring and forecasting of key economic variables.
  2. Undertake analysis to inform investment decisions, large-scale service delivery and key policy strategies.
  3. Support the economic appraisal and evaluation of GLA projects and programmes to ensure effective decision making and spending.

The team sits within the GLA’s City Intelligence Unit, a multidisciplinary unit comprising analysts, social and opinion researchers, demographers and data scientists.

About the role

The GLA requires high quality economic analysis and advice to ensure that the strategies and policies we develop and the investment decisions we take are based on sound evidence.

We are recruiting an Economist in the Appraisal and Evaluation sub-team of GLA Economics. You’ll be applying your knowledge of economics in a variety of different settings: helping to develop business cases, carrying out options appraisal and cost-benefit analysis, helping to identify data sources and indicators for monitoring and reporting, or supporting the design and delivery of economic impact evaluation. This is a varied and interesting role working across an array of different policy areas such as economic development, housing, culture, and the environment, helping to advise and support teams with the production of high-quality analysis to inform decision-making.

You will have a professional qualification in Economics or a related subject and ideally have experience of economic appraisal and evaluation techniques using central Government guidance. The varied nature of the role means a broad understanding of Mayoral policy areas and priorities for London is desirable. You should be confident working with people and teams, providing high-quality advice and guidance that draws on your professional skills as an economist.

What your day will look like

Working across a range of policy areas, you’ll be applying your expertise in economic appraisal and evaluation to a variety of different projects from day-to-day. This could include:

  1. Helping to prepare a business case for internal or external funding, such as aspects of the strategic or economic case, undertaking options appraisal, cost benefit analysis or other forms of value for money assessment.
  2. Advising on the methodology for a project or policy evaluation, helping to draft a specification, reviewing the outputs of external evaluators, or carrying out an evaluation yourself.
  3. Designing and delivering training on aspects of appraisal and evaluation methodologies, such as Logic Models/Theories of Change, or expanding our internal Evaluation & Appraisal network, in order to build organisational capacity.
  4. Identifying data sources and indicators or writing up succinct analysis about a particular trend or issue facing London’s economy, for publications such as the State of London .
  5. Supporting teams and stakeholders to identify how best to monitor the performance of their project or programme for corporate reporting purposes.

Skills, knowledge and experience

To be considered for the role you must meet the following essential criteria:

  1. A degree or professional qualification in economics or a related subject, preferably to post-graduate level, or an ability to demonstrate the equivalent level of knowledge through experience in economics or a related field.
  2. Knowledge and experience, or demonstrated capacity to acquire expertise in, the field of economic appraisal and evaluation.
  3. Knowledge and experience in the application of Government guidance including the Green and Magenta Books highly desirable.
  4. A demonstrated capacity to develop and deliver high quality analytical projects to inform and influence policy development through evidence.
  5. Broad knowledge of, or demonstrated capacity to acquire expertise in, policy areas relevant to the work of the GLA Group, such as economic development, regeneration, land use planning, transport, housing and environmental policy for example.
  6. Strong numeracy skills, including experience of technical/economic modelling, and an ability to find creative and workable solution to analytical problems.
  7. Evidence of computer literacy including proficiency in using Microsoft Excel, Word, Powerpoint and Teams.

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Economist employer: Greater London Authority (GLA)

The GLA is an exceptional employer, offering a dynamic work environment where economists can thrive while contributing to the vibrant economy of London. With a strong focus on professional development, employees benefit from diverse opportunities to engage in impactful projects across various policy areas, fostering both personal and career growth. The collaborative culture within the City Intelligence Unit encourages innovation and teamwork, making it an ideal place for those seeking meaningful and rewarding employment.
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Contact Detail:

Greater London Authority (GLA) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Economist

✨Tip Number 1

Familiarize yourself with the key economic variables that impact London’s economy. Understanding these will help you demonstrate your analytical skills and show how you can contribute to the GLA Economics team.

✨Tip Number 2

Engage with current policies and projects undertaken by the GLA. This knowledge will allow you to speak confidently about how your expertise in economic appraisal and evaluation can support their initiatives.

✨Tip Number 3

Network with professionals in the field of economics, especially those who have experience with government guidance like the Green and Magenta Books. Building these connections can provide insights and potentially valuable recommendations.

✨Tip Number 4

Prepare to discuss specific examples of your previous work in economic analysis or evaluation. Highlighting your practical experience will showcase your ability to deliver high-quality analytical projects that inform policy development.

We think you need these skills to ace Economist

Degree in Economics or related field
Professional qualification in Economics
Knowledge of economic appraisal and evaluation techniques
Experience with Government guidance (Green and Magenta Books)
Strong analytical skills
Technical/economic modelling expertise
Ability to conduct cost-benefit analysis
Experience in options appraisal
Proficiency in Microsoft Excel, Word, PowerPoint, and Teams
Understanding of Mayoral policy areas
Strong numeracy skills
Ability to communicate complex information clearly
Experience in preparing business cases
Capacity to deliver high-quality analytical projects
Creative problem-solving skills

Some tips for your application 🫡

Understand the Role: Make sure you thoroughly understand the responsibilities and requirements of the Economist position. Familiarize yourself with the GLA's objectives and how your skills in economic appraisal and evaluation can contribute to their goals.

Tailor Your CV: Highlight your relevant qualifications and experiences that align with the job description. Emphasize your knowledge of economic appraisal techniques, familiarity with Government guidance, and any experience in policy areas relevant to the GLA.

Craft a Compelling Cover Letter: In your cover letter, express your passion for London's economy and how your expertise can support the GLA's mission. Provide specific examples of past projects where you've successfully applied economic analysis to inform decision-making.

Showcase Your Analytical Skills: Include examples in your application that demonstrate your strong numeracy skills and experience with technical/economic modeling. Mention any tools or software you are proficient in, such as Microsoft Excel, that are relevant to the role.

How to prepare for a job interview at Greater London Authority (GLA)

✨Showcase Your Economic Expertise

Be prepared to discuss your academic background and any relevant experience in economic appraisal and evaluation. Highlight specific projects where you've applied these skills, especially if they relate to public policy or investment decisions.

✨Understand GLA's Policy Areas

Familiarize yourself with the key policy areas relevant to the GLA, such as economic development, housing, and environmental policy. Demonstrating knowledge of these areas will show your commitment and understanding of the role's context.

✨Prepare for Technical Questions

Expect questions related to economic modelling and cost-benefit analysis. Brush up on the Government guidance, particularly the Green and Magenta Books, as this knowledge is highly desirable for the position.

✨Demonstrate Team Collaboration Skills

Since the role involves working across various teams, be ready to provide examples of how you've successfully collaborated with others. Emphasize your ability to communicate complex economic concepts clearly and effectively to non-experts.

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