At a Glance
- Tasks: Lead economic analysis for health policy and legislative changes at MHRA.
- Company: Join the Medicines and Healthcare products Regulatory Agency, a key player in health regulation.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Other info: Collaborative environment with a focus on ongoing learning and development.
- Why this job: Make a real impact on public health through rigorous economic analysis.
- Qualifications: Bachelor's degree in economics; experience in economic analysis is essential.
The predicted salary is between 55000 - 65000 € per year.
The Medicines and Healthcare products Regulatory Agency (MHRA) is looking for an Economist to join the Innovative Devices function within the Health Quality and Access group. The role is a full‑time, 12‑month fixed‑term contract based in 10 South Colonnade, Canary Wharf, London. It will support the Agency’s ambitious legislative reform programme by providing rigorous economic analysis for statutory instruments and bills, particularly in health and regulatory policy.
Key Responsibilities
- Lead economic analysis for the MHRA’s decisions on planned legislative changes, assisting in the design and interpretation of public consultations.
- Provide economic analysis and support to colleagues designing regulations, preparing Spending Review bids, or examining other policy areas such as fees.
- Lead on Impact Assessments, Options Assessments, Post‑Implementation Reviews and Regulatory Triage Assessments.
- Embed evidence‑based policymaking throughout the MHRA, ensuring colleagues draw on the most relevant data and evidence.
Candidate Profile
- Collaborate with colleagues, demonstrating how their work benefits patients, the public, and stakeholders.
- Communicate complex information clearly and sensitively, persuading when necessary, including to non‑analyst audiences.
- Show self‑awareness and encourage ongoing learning and development, promoting economic analysis across the Agency.
- Deliver analysis at pace, including short‑notice requests, drawing on limited or imperfect data when required.
- Have experience managing complex economic analysis (mandatory).
Experience and Technical Criteria
- Experience applying economic tools and techniques, synthesising evidence from a range of sources (mandatory).
- Proven track record of collaborating across organisational boundaries, building effective relationships to enable highly impactful analytical projects.
- Desirable: experience in health economics and/or government regulation and policy making.
- Minimum of a bachelor’s degree in economics or equivalent experience; a 2:1 undergraduate economics (at least 50% of modules in economics) or a 2:2 plus a Masters/PhD in straight economics (mandatory).
- Membership of the Government Economic Service, or good evidence of meeting the requirements.
Economist employer: Medicines and Healthcare Products Regulatory Agency
The Medicines and Healthcare products Regulatory Agency (MHRA) is an exceptional employer, offering a dynamic work environment in the heart of Canary Wharf, London. With a strong commitment to employee development and a collaborative culture, the MHRA provides opportunities for meaningful contributions to health policy while supporting rigorous economic analysis that directly impacts public health. Employees benefit from a focus on evidence-based policymaking, ongoing learning, and the chance to engage with diverse stakeholders, making it a rewarding place to advance your career in economics.
Contact Detail:
Medicines and Healthcare Products Regulatory Agency Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Economist
✨Tip Number 1
Network like a pro! Reach out to current or former employees at MHRA on LinkedIn. A friendly chat can give us insider info and maybe even a referral.
✨Tip Number 2
Prepare for the interview by brushing up on health economics and regulatory policies. We want to show that we’re not just knowledgeable but also passionate about making a difference in public health.
✨Tip Number 3
Practice articulating complex economic concepts in simple terms. We need to demonstrate our ability to communicate effectively with non-analyst audiences, which is key for this role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows we’re serious about joining the team.
We think you need these skills to ace Economist
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Economist role at MHRA. Highlight your experience in economic analysis and any relevant projects you've worked on. We want to see how your skills align with the key responsibilities listed in the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about health economics and how you can contribute to the MHRA's mission. Keep it concise but impactful, and don’t forget to mention your collaborative spirit!
Showcase Your Analytical Skills:In your application, be sure to showcase your analytical skills and experience managing complex economic analyses. We love seeing examples of how you've used data to inform decision-making, especially in health or regulatory contexts.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at Medicines and Healthcare Products Regulatory Agency
✨Know Your Economics
Brush up on your economic theories and tools, especially those relevant to health economics and regulatory policy. Be ready to discuss how you've applied these in past roles, as this will show your expertise and confidence in the subject matter.
✨Understand the MHRA's Role
Familiarise yourself with the Medicines and Healthcare products Regulatory Agency and its current legislative reform programme. Knowing their recent initiatives and challenges will help you tailor your responses and demonstrate your genuine interest in the role.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle complex economic analysis under pressure. Think of examples where you've successfully managed tight deadlines or worked with limited data, and be ready to explain your thought process and outcomes.
✨Communicate Clearly
Practice explaining complex economic concepts in simple terms, as you'll need to communicate effectively with non-analyst audiences. Use clear examples from your experience to illustrate your points, showing that you can bridge the gap between technical analysis and practical application.
