Role Summary
* 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 £2,150
* Benefits : Statutory holiday allowance, flexible working hours and the chance to work from home 1 day per week, employer pension contributions, as well as funded social activities
* Role Type: Full-time, temporary internship
* Start Date: We are currently recruiting for start dates from March 2025 onwards, and you will be asked to state your availability on your application form. This internship will last for 6 months
* Location: This role is available in our London, Manchester and Bristol offices
About the Role
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 create economic models to guide resource allocation for healthcare providers and share insights with industry stakeholders through cost-effectiveness analyses or separate cost and benefit evaluations. These models are typically built in Microsoft Excel (and occasionally R or C++) employing universal mathematical and statistical modelling techniques. Model development can 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 that brings treatments to people who need them.
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
* Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software
* Liaise with external medical professionals
* Work collaboratively and build relationships with colleagues across healthcare disciplines
* 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.
Hybrid Working Policy: We recognise that home-working can improve work life balance, reduce commuting times and costs, and provide the opportunity to juggle personal commitments. At the same time, we believe that having face-to-face time in the office holds many benefits and is central to ensuring that the community we have created, where people have a workplace they belong to and feel part of, is never lost. However, given the wealth of training, mentorship and development opportunities that are available as part of our internship programmes, time spent in the office is even more crucial. Therefore, our Interns are able to work from home for 1 day per week.
Career Prospects After the Internship
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 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:
Requirements
About You
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.
The 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)
* Intermediate to advanced skills in Excel. Experience with R would be an advantage.
* 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 flexibility to respond to changing deadlines
* The ability to communicate mathematical and economic material clearly in both written and oral formats
* A problem-solving mindset and eagerness to work both independently and collaboratively to find solutions
* Integrity, a proactive approach to your work, and a keen interest in developing your skills
Although no previous health economics experience is required, you must be able to display a genuine interest in healthcare and an eagerness to learn about new areas of health economic modelling.
Benefits
About Costello Medical
Costello Medical is a rapidly growing global healthcare agency specialising in medical communications, market access and health economic and outcomes research. We work with a wide range of clients, including the industry’s most successful pharmaceutical and medical technology companies, patient and public health bodies and charitable organisations. Our mission is to be a community of the very best people, building trusted partnerships across the healthcare sector by delivering an exceptional service. Our vision is to be a leading global partner consistently striving for meaningful and outstanding contributions that improve people’s health and lives.
We are committed to our company values which are central to creating our fun, friendly and innovative workplace in which we strive to deliver the highest standards of quality. As a result, we have been listed in The Top 100 Companies to Work For list for seven consecutive years.
On 27th May 2022, Costello Medical received its certification as a B Corporation. We are really proud of this achievement as it demonstrates that Costello Medical is meeting the highest standards of verified social and environmental performance. We underwent a rigorous assessment that covered the whole of our business including employee benefits, charitable giving and sustainability. We believe this certification is external validation of our mission to be a force for good.
The Recruitment Process
Our recruitment process includes a video interview which can be conducted at your own convenience within the given time frame. If successful, you will be sent a technical and proofreading assessment which requires you to use Excel. If you receive a positive score on your assessments, you will then be invited to an interview. Our standard recruitment process lasts around 6 weeks however, this can be adapted if necessary.
As an equal opportunity employer, we are committed to fostering a diverse and inclusive workforce and, throughout the recruitment process, there are a number of reasonable adjustments we can provide. Please click here to read more about this and contact the People Team via recruitment@costellomedical.com should you require reasonable adjustments at any stage.
Our Health Economics Internship lasts a duration of 6 months. We are currently recruiting for start dates from March 2025 onwards, which occur on a monthly basis. You will be asked to state your availability on your application form. Whilst there are no set application deadlines, we strongly recommend applying as early as possible so that we can begin processing your application. The role may close when suitable candidates are found.
Please note that this role is available in our London, Manchester and Bristol offices. You can learn more about our office locations here:
What We Offer
The stipend for interns is £2,150 per calendar month, and you will be entitled to statutory holiday. We are proud of our position in The Best Companies Top 100 Companies to Work For list which has been achieved for six consecutive years, awarded because of the friendly and supportive environment that we generate for our colleagues and the opportunities offered for personal and professional development. We provide exceptional internal training, opportunities to work on pro bono and charitable projects, and regular company-funded social activities.
How to Apply
You are required to submit your CV and a cover letter via our online application form. In your cover letter, you must explain why you think you would be suited to the role and why you would like to join Costello Medical, with examples to support both. Your CV should clearly state the dates of all qualifications and grades achieved where applicable.
While we embrace Artificial Intelligence (AI) technologies to innovate and improve processes, we want to understand your unique skills and experiences throughout the recruitment process. Therefore, if you use AI to assist with your application, we recommend that you do not rely solely on this technology to generate your application materials. As your role may involve developing new written content from scratch and handling confidential data that cannot be uploaded to AI technology, it is important for us to assess your own skills and abilities.
Please contact the Talent Acquisition team at recruitment@costellomedical.com if you have any questions about the role or application process.
Visa Sponsorship
Please note that this role does not meet the eligibility criteria for visa sponsorship and you will therefore need the right to work in the UK independently from the company.