At a Glance
- Tasks: Analyse global economic scenarios and develop bespoke models for clients.
- Company: Join Oxford Economics, a leader in macroeconomic modelling.
- Benefits: Fast career progression, training opportunities, and flexible working arrangements.
- Other info: Collaborative team environment with regular social events and volunteering days.
- Why this job: Make an impact on global economic analysis and climate-related research.
- Qualifications: 2+ years as an economist with strong analytical skills.
The predicted salary is between 36000 - 60000 € per year.
Oxford Economics seeks an experienced Economist as part of our expanding Macroeconomic Modelling and Scenarios team. The position will be based in either our company headquarters in Oxford or our central London office.
Most of the team’s projects involve working extensively with Oxford Economics’ proprietary Global Economic Model (GEM), the most widely used commercial large-scale macroeconomic model in the world. The majority of the team’s clients are banks and other financial institutions who require analysis of alternative outcomes for the global economy. Our model allows us to develop detailed macroeconomic scenarios for purposes such as strategic planning, risk analysis, or stress testing. The team also supports financial sector clients with bespoke asset return modelling to inform their asset allocation strategies and leads on the company’s research around the macroeconomic impacts from climate change.
The team is responsible for:
- The Global Scenario Service (GSS) which uses scenario analysis to explore the implications of key risks to the world economy such as global trade policy shocks or a correction in asset prices;
- Developing bespoke scenarios for a variety of purposes such as strategic or business planning, policy design, regulatory stress tests and to inform portfolio allocation decisions;
- Generating statistical scenarios designed for IFRS 9 and CECL accounting standards;
- Writing bespoke research reports for our clients (e.g. economic outlook or stress-testing analysis);
- Expanding and enhancing the GEM, with recent additions including granular asset return models for government bond yields and credit spreads, as well as climate policy levers;
- A long-term scenario service that seeks to understand the impact of key themes such as demographics, artificial intelligence, and geopolitical tensions across a range of macroeconomic and financial indicators;
- The Global Climate Service (GCS) which includes producing regular research briefings and analysis on climate-related issues (e.g. the economic cost of global warming) and developing long-term climate scenarios covering a wide range of potential risks.
Key Responsibilities
An Economist in the Macroeconomic Modelling and Scenarios team will take on a range of tasks that include:
- Working with the GEM, the most widely used commercial large-scale macroeconomic model in the world, to produce regulatory stress tests and economic scenarios for a variety of use‑cases;
- Writing up scenarios or economic research under one of our subscription services such as the GSS - or for consultancy projects;
- Developing bespoke models and forecasts for our clients, to support with their business planning or asset allocation decisions;
- Giving overview presentations to prospects about the GEM, the team’s subscription‑based products and our wider scenarios and modelling capabilities;
- Contributing and implementing ideas that will improve the GEM;
- Managing client queries regarding our modelling and scenario analysis.
Skills, Knowledge & Expertise
- 2+ years of work experience as an economist or a related field.
- A strong education in Economics to at least an undergraduate level. A postgraduate degree in Economics is highly desirable.
- Ability to demonstrate a good understanding of current economic and policy challenges facing the global economy.
- Excellent analytical and quantitative skills.
- Excellent written and verbal communication, with the ability to explain economic concepts to a diverse audience, including non‑specialists.
- Ability to work effectively in teams across different offices and to tight deadlines.
- Previous experience in using applied macroeconomic models for forecasting and/or scenario analysis would be advantageous.
- Knowledge of statistical modelling software such as EViews, Python, R and/or Stata is desirable.
Job Benefits
Here are some of the benefits we offer in the UK to ensure you feel valued, supported, and thrive at work:
- Fast career progression
- On‑the‑job training and access to external training courses
- Potential of secondment to our global offices
- Regular team gatherings, team and company socials
- Volunteering days and full‑company offsites
- Private Healthcare
- Salary sacrifice pension scheme
- Employee Assistance Program
- Enhanced Maternity and Paternity Leave
- Workplace Nursery Scheme
- Cycle to Work Scheme
- Hybrid/Flexible Working
Economist - Scenarios & Macro Modelling (London / Oxford) employer: Oxford Economics
Oxford Economics is an exceptional employer, offering a dynamic work environment in either London or Oxford, where you can engage with the world's leading macroeconomic model and contribute to impactful research on global economic scenarios. With a strong focus on employee growth, we provide fast career progression, comprehensive training opportunities, and a supportive culture that values collaboration and innovation, alongside attractive benefits such as private healthcare and flexible working arrangements.
StudySmarter Expert Advice🤫
We think this is how you could land Economist - Scenarios & Macro Modelling (London / Oxford)
✨Tip Number 1
Network like a pro! Reach out to your connections in the economics field, attend industry events, and engage with professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by brushing up on your macroeconomic knowledge and understanding the Global Economic Model (GEM). We recommend practising common interview questions and even doing mock interviews with friends or mentors to boost your confidence.
✨Tip Number 3
Showcase your skills! Create a portfolio of your work, including any economic research or models you've developed. This will give potential employers a tangible sense of what you can bring to the table, especially when applying through our website.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in leaving a positive impression. We suggest reiterating your enthusiasm for the role and mentioning something specific from the interview to show you were engaged.
We think you need these skills to ace Economist - Scenarios & Macro Modelling (London / Oxford)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Economist role. Highlight your experience with macroeconomic models and any relevant projects you've worked on. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about economics and how you can contribute to our Scenarios & Macro Modelling team. Keep it engaging and relevant to the job description.
Showcase Your Analytical Skills:In your application, don’t forget to showcase your analytical and quantitative skills. Mention any experience with statistical modelling software like Python or R, as this will definitely catch our eye!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Oxford Economics
✨Know Your Macroeconomic Models
Make sure you brush up on your knowledge of macroeconomic models, especially the Global Economic Model (GEM). Be prepared to discuss how you've used similar models in your previous roles and how they can apply to the scenarios you'll be working on.
✨Showcase Your Analytical Skills
During the interview, highlight your analytical and quantitative skills. Prepare examples of how you've tackled complex economic problems or developed forecasts in the past. This will demonstrate your ability to handle the responsibilities of the role effectively.
✨Communicate Clearly
Since you'll need to explain economic concepts to a diverse audience, practice articulating your thoughts clearly and concisely. Consider doing mock interviews with friends or colleagues to refine your communication style and ensure you're comfortable discussing technical topics.
✨Prepare for Client Scenarios
Think about potential client queries related to modelling and scenario analysis. Prepare to discuss how you would approach these queries and provide solutions. This will show that you're not only knowledgeable but also client-focused, which is crucial for this role.
