If you’re passionate about economics, work where economics really matters
Graduate – Assistant Economist
Would you like to join the graduate training scheme at Oxford Economics?
Do you follow economic events closely? Would you like to advise organisations on the implications for the countries, industries, cities and business trends that matter to them? To influence decisions about where businesses invest, what government policy should be, or how senior executives think about key business trends?
Who are we looking for?
Oxford Economics’ training scheme is for high-achieving graduates who want to apply their understanding of economics to real world issues. You must be able to put together logical economic arguments and explain them to convincingly to economists and non-economists alike. You will need to be a fast learner with strong analytical skills and keen attention to detail. You should be comfortable meeting tight deadlines and working under your own initiative.
Successful candidates are highly numerate and have good technical skills. They work well with others, take responsibility for the quality and timeliness of their work, and demonstrate a creative approach to problem-solving. Fluency in English is essential, as is the ability to communicate clearly and concisely.
We welcome applications from those who meet this description with:
What training do we offer?
We are a fast-growing, independent consultancy with a global reach. Our goals are to provide excellent analysis, forecasting and analytical tools for our clients; and interesting, challenging and rewarding careers for our staff.
Graduate trainees do work that matters from their first week. They are supported by comprehensive training on the technical and business skills needed to handle economics projects, forecasts and research.
The training includes report writing, communication skills, influencing, presentation and project management as well as advanced excel skills, econometrics, our proprietary Global Economic Model and introductory programming. It is delivered through short courses, a group project and on-the-job training.
What work will you do?
Our culture is modern, open and collaborative. You will be working closely with experienced economists and expected to take responsibility for your work from an early stage.
Depending on the team you join, you will contribute to Oxford Economics’ global macro, city and sectoral forecasts and prepare briefing articles on topical economic issues; develop econometric forecasting tools; undertake scenario and policy analysis; or assist senior economists on a variety of consultancy projects.
Here are some examples of recent reports and projects.
What are the opportunities for progression?
If you do well you can expect rapid promotion. Successful progress through the training period is marked by completing a six-month probationary period and earning promotion from Assistant Economist to Economist after one year.
You may choose to gain experience elsewhere in the firm. As a fast-growing company, we can offer a flexible career path designed to suit your strengths and interests.
At all levels we offer a competitive salary package, including a performance-related bonus, and regular pay reviews.
What is the working environment like?
We are now a global organisation employing 250 economists, but we strive to retain the best features of the original start-up environment. This means an informal but hard-working culture where flexible working arrangements are available. We cultivate entrepreneurial thinking, for example in supporting staff to pursue opportunities and map their own career paths.
As well as working hard, we encourage employees to volunteer in the community. There are regular social events and staff parties, and more informal lunchtime and evening activities, often organised by individuals.
Depending on the location, you may be entitled to private health care, retirement savings, annual purchase leave scheme and various other company benefits.
We have positions in London, Oxford, Belfast, New York, Singapore and Dubai.
The teams with those positions are;
National-level economic analysis provides only a partial guide to the dynamics unfolding in the world’s major urban centres. Our unique suite of forecasting services cover nearly 7,000 cities and regions across the world, providing regularly updated data, forecasts and analysis for each location. Our city consultants also work in the areas of urban and regional development, bespoke model building and location benchmarking.
Scenarios and modelling
Our work focuses on building scenarios in our industry leading Global Macro Economic model. We work on a wide range of scenarios from business planning to inform investment decisions, regulatory scenarios to aide compliance for financial institutions and policy analysis to access the impact of government decisions. We also work on our Global Scenario Service that accesses the impact of the most pertinent risk facing the global economy.
Macro and Investor Services
We analyse current and thematic developments in the world economy, producing country and asset price forecasts and research analysing the key risks and uncertainties for our clients. Aside from the monthly forecast round, our key outputs include country reports, research briefings and data insights, all of which are regularly referenced in the financial press.
Economic Impact Consulting
The Economic Impact Consulting team tackles a wide range of questions raised by our clients, from quantifying the economic impact of major companies and industries, evaluating the effect on the UK economy of leaving the EU, to estimating the value created by cultural institutions. Further examples of our work are available here.
Industry The industry team is responsible for quarterly updates of forecasts and associated sector and country reports across 77 countries and more than 100 sectors. Economists take responsibility for a specific sector such as automotive, construction, chemicals, food/beverage etc for all countries covered. In addition, the team has a large and diverse portfolio of consultancy work to which all economists contribute in addition to their forecasting duties
EMEA Macro Consulting
The team delivers bespoke macro consultancy and research projects for private and government clients on a variety of macroeconomic themes, drawing heavily on OE’s internal suite of models. Projects typically involve economic forecasting, scenario analysis and custom model development, across topics such as international trade, financial markets and the consumer sector.
How to apply
Applications are now open for the September 2020 graduate training scheme. Please send your CV (resumé) and cover letter when completing the online application. Your cover letter should explain how you meet our requirements, identify which area(s) of our business most interest you, and state your preferred office location.
The deadline for applications is 7th March 2020. However, early application is strongly recommended. We review applications as they are received and will begin interviewing in December. For those unable to apply now, we also expect to advertise a few further graduate positions in or around April/May 2020.
Our recruitment process
We acknowledge all applications and will contact you again by email if we wish to proceed with your application.
The selection process will include a telephone interview, written tests and interviews to assess your economics skills and the competencies outlined above.
First interviews will be held in January/February in London, or via Skype for those abroad. We will run a second set of interviews in March for later applications and those unable to attend in January/February. Successful candidates can expect to receive offers in February/March to join the scheme starting in September 2020.