At a Glance
- Tasks: Lead economic analysis for health-related legislative changes and support policy teams.
- Company: Join a forward-thinking organisation focused on health quality and access.
- Benefits: Full-time contract with opportunities for professional growth and development.
- Other info: Dynamic role with a focus on evidence-based policymaking and impactful projects.
- Why this job: Make a real difference in health policy while collaborating with passionate colleagues.
- Qualifications: Bachelor's degree in economics and experience in economic analysis required.
The predicted salary is between 50000 - 60000 £ per year.
We are currently looking for an Economist to join our Innovative Devices division within the Health Quality and Access group. This is a full‑time, 12‑month fixed‑term contract, internal move, loan or temporary promotion opportunity. The role is based at 10 South Colonnade, Canary Wharf London, E14 4PU.
What’s the role? This role is suited to an economist with experience of undertaking impact assessments for statutory instruments and bills, preferably on health topics; health economics and/or government regulation and policy making. The post holder will help MHRA pursue its ambitious legislative reform programme, assisting policy teams in the delivery and consideration of public consultations and the use of secondary legislation. The holder may also support MHRA’s Spending Review bid and work on reviewing and updating the agency’s fee structure.
Key responsibilities
- Lead economic analysis for MHRA’s decisions on planned legislative changes, including 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.
- Ensure evidence‑based policymaking is embedded throughout MHRA, ensuring relevant data and evidence are used.
Who are we looking for?
- Collaborate with colleagues by showing how their work benefits patients, the public, and stakeholders.
- Communicate complex information clearly and sensitively, using persuasion when necessary, including to non‑analyst audiences.
- Demonstrate self‑awareness and encourage ongoing learning and development, promoting economic analysis across the agency.
- Demonstrate competency in delivering analysis at pace, including at short‑notice requests, drawing on limited or imperfect data where necessary.
- Have experience in successfully managing complex economic analysis (mandatory).
Person Specification
Behaviour Criteria
- Working Together – actively build and maintain a network of colleagues and contacts to achieve progress on shared objectives.
- Communicating and Influencing – explain complex issues in a way that is easy to understand.
- Delivering at Pace – deliver results quickly and efficiently, even under tight deadlines.
- Changing and Improving – consider the full impact of implementing changes on culture, structure, morale and the needs of a diverse range of end users.
Experience Criteria
- Experience of applying economic tools and techniques, and synthesising evidence from a range of sources.
- Proven track record of collaborating across organisational boundaries and building effective relationships to deliver highly impactful analytical projects.
- Desirable: experience of health economics and/or government regulation and policy making.
Technical Criteria
- Minimum of a bachelor’s degree in economics or equivalent experience developed through previous roles (2:1 undergraduate economics degree or 2:2 plus a Masters/PhD in straight economics).
- Membership of the Government Economic Service, or ability to demonstrate that they meet its requirements.
Economist employer: Mhra
As an employer, we pride ourselves on fostering a collaborative and innovative work culture that empowers our economists to make a meaningful impact on health policy and regulation. Located in the vibrant Canary Wharf, London, we offer competitive benefits, opportunities for professional growth, and a commitment to evidence-based policymaking, ensuring that our employees are at the forefront of legislative reform in the health sector.
StudySmarter Expert Advice🤫
We think this is how you could land Economist
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to current employees at MHRA. Building relationships can open doors and give you insider info on job opportunities.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with economic analysis and impact assessments. Use specific examples that demonstrate how you've tackled complex projects in the past.
✨Be Ready for Quick Decisions
In this fast-paced environment, be prepared to deliver your insights quickly. Practice summarising your thoughts and findings so you can communicate them clearly, even under pressure. This will show you're ready for the demands of the role.
✨Apply Through Our Website
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 you’re genuinely interested in joining our team at MHRA.
We think you need these skills to ace Economist
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in health economics and impact assessments. We want to see how your skills align with the role, so don’t be shy about showcasing relevant projects or achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a perfect fit for our Innovative Devices division. Keep it clear and engaging!
Showcase Your Communication Skills:Since the role involves explaining complex information, make sure your application reflects your ability to communicate clearly. Use straightforward language and avoid jargon where possible – we appreciate clarity!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need to complete your application smoothly!
How to prepare for a job interview at Mhra
✨Know Your Economics Inside Out
Make sure you brush up on your economic theories and tools, especially those relevant to health economics and government policy. Be ready to discuss how you've applied these in past roles, particularly in impact assessments or legislative changes.
✨Prepare for Complex Questions
Expect questions that require you to explain complex economic concepts clearly. Practice breaking down these ideas into simple terms, as you'll need to communicate effectively with non-analyst audiences during your role.
✨Showcase Your Collaborative Spirit
Highlight your experience working across teams and building relationships. Think of examples where your collaboration led to successful outcomes, especially in delivering impactful analytical projects.
✨Demonstrate Your Ability to Deliver at Pace
Be prepared to discuss how you've managed tight deadlines and delivered results quickly. Share specific instances where you had to work under pressure, drawing on limited data to make informed decisions.
