Health Economics Internship

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 April 2025 onwards, and you will be asked to state your availability on your application form. This internship will last for 6 months
• Application Deadlines : Whilst there are no set application deadlines, we strongly recommend applying as early as possible. The role may close when suitable candidates are found
• 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 :

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 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. At the same time, we recognise that homeworking can improve work life balance, reduce commuting times and costs, and provide the opportunity to juggle personal commitments. 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 can work from home for 1 day per week.

Career Prospects After the Internship

During the internship programme, individuals performing well may be given the opportunity to extend their internship to six months (note that this is dependent on business need). When this happens, it allows our interns to further develop their skills and potentially gain experience of other areas of the company (again, dependent on business need as well as the individual’s interests). Additionally, there is the opportunity for strong candidates to apply for the [insert job title] role and join our expanding team on a permanent basis, dependent on business needs. 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-costello-medical /

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. We have been listed on the Top 100 Best Companies to Work For list since 2017, as well as receiving B Corporation Accreditation in 2022. Please click here to learn more about us, our work and our mission : https : / / www.costellomedical.com /

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 :

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

What We Offer

The stipend for interns is £2,150 per calendar month, and you will be entitled to statutory holiday. We provide exceptional internal training, opportunities to work on pro bono and charitable projects, and regular company-funded social activities.

The Application Process

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.

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 learn more.

Please note that, whilst we embrace AI to innovate and improve processes, your role may involve confidential data that cannot be uploaded to AI. Therefore, it is important for us to assess your own skills and abilities, so we recommend that you do not rely solely on this technology to generate any application materials.

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.