At a Glance
- Tasks: Lead a team to develop health economic models for vaccines and optimise market access.
- Company: Join MSD, a leader in health innovation, dedicated to improving patient outcomes globally.
- Benefits: Enjoy a hybrid work model, competitive salary, and comprehensive benefits including healthcare and retirement plans.
- Why this job: Make a real impact in public health while working in a diverse and inclusive environment.
- Qualifications: Masters or PhD in health economics or related fields; experience in health economic modelling required.
- Other info: Flexible work arrangements and a commitment to diversity and inclusion are key company values.
The predicted salary is between 100000 - 150000 £ per year.
Sr. Principal Scientist, (Sr. Director) Health Economics
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Sr. Principal Scientist, (Sr. Director) Health Economics
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Join to apply for the Sr. Principal Scientist, (Sr. Director) Health Economics role at MSD in the UK
Job Description
Under the direction of a HEDS Executive Director, the Senior Principal Scientist, Health Economics leads a team of health economists and outcomes researchers to develop health economic models and conduct economic analyses for vaccines to enable the company to understand and communicate the full economic value of our Company products and demonstrate the economic value of vaccines to payers, health technology agencies, National Immunization Technical Advisory Group (NITAG), and payers in order to optimize market access and patient outcomes.
Job Description
Under the direction of a HEDS Executive Director, the Senior Principal Scientist, Health Economics leads a team of health economists and outcomes researchers to develop health economic models and conduct economic analyses for vaccines to enable the company to understand and communicate the full economic value of our Company products and demonstrate the economic value of vaccines to payers, health technology agencies, National Immunization Technical Advisory Group (NITAG), and payers in order to optimize market access and patient outcomes.
Main Responsibilities
- Lead a team in HEDS to develop and implement health economic models and analyses to demonstrate the value of our Company vaccines.
- Lead, manage, mentor, and provide strategic direction to a team of 4–6 health economists and outcomes researchers.
- Accountable for team prioritization and development of high-quality health economic models and tools to support market access, pricing, reimbursement, HTA, NITAG recommendations in US and ex-US markets.
- Oversee team collaboration with our Company\’s key markets to adapt global health economic models to local markets for HTA, reimbursement and formulary submissions.
- Contribute to the team’s support of development and commercialization strategies for products in development through early health economic insights.
- Build effective working relationships with the cross-functional team leads and product development team value evidence leads to ensure that health economic modeling and analytic strategy and plan fully reflect payer/HTA requirements
- Develop a deep understanding of value evidence needs and ensure delivery of health economic models and tools that are responsive and strongly supportive of the value evidence strategy.
- Develop effective relationships with external thought leaders in health economics, decision sciences, and health policy so as to maintain an extensive understanding of external environment, create opportunities for engagement, and to establish our Company as a leader in the field.
Education Minimum Requirement
- Masters in a quantitatively oriented discipline such as health economics, mathematical epidemiology, applied mathematics, operations research, public health, and statistics
- PhD (preferred)
Required Experience And Skills
- Experience in the design and development of health economic modeling approaches to enable internal and external decisions
- Experience in the design and analysis of mathematical models of infectious diseases and vaccination
- Experience managing research teams
- Excellent organizational and communication skills (oral and written)
- Ability to work independently and effectively interact with a broad group of stakeholders
- Ability to balance multiple priorities, meet deadlines, and work under pressure
- Strong record of research publications in peer-reviewed journals
Preferred Experience And Skills
- Advanced knowledge of economic evaluation and cost-effectiveness analysis.
- Extensive experience in scientific computing and programming with software such as Mathematica, MATLAB, Python, or C++.
As an Equal Employment Opportunity Employer, we provide equal opportunities to all employees and applicants for employment and prohibit discrimination on the basis of race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or other applicable legally protected characteristics. As a federal contractor, we comply with all affirmative action requirements for protected veterans and individuals with disabilities. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit
EEOC Know Your Rights
EEOC GINA Supplement
We are proud to be a company that embraces the value of bringing together, talented, and committed people with diverse experiences, perspectives, skills and backgrounds. The fastest way to breakthrough innovation is when people with diverse ideas, broad experiences, backgrounds, and skills come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively.
Learn more about your rights, including under California, Colorado and other US State Acts
Current Employees apply HERE
Current Contingent Workers apply HERE
US and Puerto Rico Residents Only
Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process.
As an Equal Employment Opportunity Employer, we provide equal opportunities to all employees and applicants for employment and prohibit discrimination on the basis of race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or other applicable legally protected characteristics. As a federal contractor, we comply with all affirmative action requirements for protected veterans and individuals with disabilities. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit
EEOC Know Your Rights
EEOC GINA Supplement
We are proud to be a company that embraces the value of bringing together, talented, and committed people with diverse experiences, perspectives, skills and backgrounds. The fastest way to breakthrough innovation is when people with diverse ideas, broad experiences, backgrounds, and skills come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively.
Learn more about your rights, including under California, Colorado and other US State Acts
U.S. Hybrid Work Model
Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, Monday – Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.
The salary range for this role is
$206,200.00 – $324,600.00
This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employee’s position within the salary range will be based on several factors including, but not limited to relevant education, qualifications, certifications, experience, skills, geographic location, government requirements, and business or organizational needs.
The successful candidate will be eligible for annual bonus and long-term incentive, if applicable.
We offer a comprehensive package of benefits. Available benefits include medical, dental, vision healthcare and other insurance benefits (for employee and family), retirement benefits, including 401(k), paid holidays, vacation, and compassionate and sick days. More information about benefits is available at https //jobs.merck.com/us/en/compensation-and-benefits.
You can apply for this role through https //jobs.merck.com/us/en (or via the Workday Jobs Hub if you are a current employee). The application deadline for this position is stated on this posting.
San Francisco Residents Only We will consider qualified applicants with arrest and conviction records for employment in compliance with the San Francisco Fair Chance Ordinance
Los Angeles Residents Only We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance
Search Firm Representatives Please Read Carefully
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Employee Status
Regular
Relocation
VISA Sponsorship
Travel Requirements
Flexible Work Arrangements
Hybrid
Shift
Valid Driving License
Hazardous Material(s)
Required Skills
Data Management, Researching, Stakeholder Relationship Management, Strategic Planning
Preferred Skills
Job Posting End Date
08/1/2025
- A job posting is effective until 11 59 59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.
Requisition ID R341908Seniority level
- Seniority levelNot Applicable
Employment type
- Employment typeFull-time
Job function
- Job functionResearch, Analyst, and Information Technology
- IndustriesBiotechnology Research, Pharmaceutical Manufacturing, and Veterinary Services
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Sr. Principal Scientist, (Sr. Director) Health Economics employer: MSD in the UK
Contact Detail:
MSD in the UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sr. Principal Scientist, (Sr. Director) Health Economics
✨Tip Number 1
Network with professionals in health economics and related fields. Attend industry conferences or webinars where you can meet potential colleagues and leaders in the field. Building these connections can provide insights into the role and may even lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in health economics, particularly regarding vaccines. This knowledge will not only help you during interviews but also demonstrate your genuine interest and expertise in the area.
✨Tip Number 3
Prepare to discuss your experience in leading teams and managing projects. Highlight specific examples where you've successfully developed health economic models or conducted analyses that influenced decision-making.
✨Tip Number 4
Research MSD's current projects and initiatives in health economics. Understanding their focus areas will allow you to tailor your discussions and show how your skills align with their goals, making you a more attractive candidate.
We think you need these skills to ace Sr. Principal Scientist, (Sr. Director) Health Economics
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in health economics, mathematical modelling, and team leadership. Use specific examples that demonstrate your ability to manage research teams and develop economic models.
Craft a Compelling Cover Letter: In your cover letter, express your passion for health economics and how your background aligns with the role. Mention your experience with vaccines and economic analyses, and how you can contribute to the company's goals.
Highlight Relevant Skills: Clearly outline your skills in scientific computing and programming languages such as Python or MATLAB. Emphasise your organisational and communication skills, as these are crucial for the role.
Showcase Your Research Publications: If you have published research in peer-reviewed journals, include this information in your application. Highlight any publications related to health economics or infectious diseases, as this will strengthen your candidacy.
How to prepare for a job interview at MSD in the UK
✨Showcase Your Leadership Skills
As a Senior Principal Scientist, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed and mentored teams in the past.
✨Demonstrate Technical Expertise
Make sure to highlight your experience with health economic modelling and any relevant software like Mathematica or Python. Be ready to discuss specific projects where you applied these skills.
✨Understand the Market Landscape
Familiarise yourself with the current trends in health economics and vaccine market access. Showing that you understand the external environment will demonstrate your commitment and insight into the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities. Prepare to discuss how you would approach specific challenges related to health economic models and stakeholder engagement.