Health Economics Internship
Costello Medical, United Kingdom

• Responsibilities: In this role, you will gain hands-on experience in designing, developing and communicating health economic models alongside our experienced Health Economics team who will provide one-to-one training and mentoring throughout the internship
• Salary: A monthly stipend of 1,950
• Benefits: Hybrid working options, statutory holiday allowance, flexible working hours, employer pension contributions, as well as funded social activities
• Role Type: Full-time, temporary internship
• Start Date: We are currently recruiting for start dates throughout 2024, which occur on a monthly basis. This internship will last for 6 months
• Location: This role is available in our Manchester office and newly opened Bristol office
  

This position is ideal for recent graduates with a degree in an economic, mathematical or computer science discipline seeking to gain an insight into life at a fast-growing consultancy serving clients from the pharmaceutical industry.

You will get the opportunity to join a growing Health Economics team and gain hands-on experience in designing, developing and communicating health economic models. These can range from simple costing tools to substantially more complicated models that aim to demonstrate the value of products and therapies to reimbursement agencies.

Health Economists at Costello Medical develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicate these insights to a variety of stakeholders in the healthcare industry. Economic models within the realm of healthcare are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. These models are typically built in Microsoft Excel, R, or C++, employing universal mathematical and statistical modelling techniques. Model development can frequently involve fitting statistical distributions and parametric survival curves to clinical data and therefore requires a good knowledge of statistics. The models developed by our Health Economists have real- world implications, aiming to improve the efficiency of healthcare systems by using robust methodological frameworks to inform decision-making.

Producing an economic evaluation therefore requires Health Economists to:

• Research and critically appraise medical and economic literature
• Understand the theoretical health economic framework and apply this to the project at hand
• Liaise with external medical professionals
• Work collaboratively and build relationships with colleagues across healthcare disciplines
• Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software
• Interpret and analyse model results, producing technically accurate written reports of methodologies and outcomes

Health Economics Interns at Costello Medical receive one-to-one training on the technical aspects of the role and learn about project management and effective communication with clients. In this role, you will typically be working on around three projects at any one time.

During the internship programme, there is the opportunity for strong candidates to apply for the Health Economist role and join our expanding team on a permanent basis. On average, 60% of our Health Economics Interns move into a permanent role with Costello Medical. To learn more about the benefits that we offer for permanent roles, please click here: https://www.costellomedical.com/careers/working-at-costello-medical/benefits-package-in-the-uk/

To learn more about the personal and professional development we offer at Costello Medical, please click below to read firsthand accounts from our colleagues about their time with the company: https://www.costellomedical.com/careers/working-at...

Requirements

This internship is suited to recent graduates as well as current students who are permitted to complete full time internships either during the holidays or as a placement as a part of their degree. This role is suited to those with a curious mind and the desire to contribute above and beyond expectations in projects.

Essential requirements for the role are:

• An undergraduate degree level qualification in an economic, mathematical or computer science discipline (minimum 2.1 or equivalent). Postgraduate qualifications (minimum 2.1 or equivalent) would be an advantage, but they are not a requirement for the role
• An A-level in Mathematics (minimum B grade or equivalent)
• An excellent level of attention to detail in both quantitative and qualitative settings
• Strong organisational skills, the ability to plan your own work effectively and the flexi

Job Rewards and Benefits