Consultant Health Economist

Costello Medical; Manchester; Hybrid; GBP 61,000 - 69,000; Full time

Job summary

A healthcare consulting agency is seeking a Consultant Health Economist to lead health economic projects, providing strategic advice and managing client communications. This role requires a minimum of 6 years' experience in health economic modelling within a consulting environment. The position offers a salary between £61,500 and £68,500 per annum, hybrid working options, and comprehensive benefits including private medical insurance and critical illness cover.

Benefits

Discretionary profit share bonuses

Private medical insurance

25 days annual leave

Flexible working hours

Paid study leave

Qualifications

• Minimum 6 years of experience in health economic modelling.
• Experience working directly with clients throughout project life cycle.
• Proven ability to lead multiple projects and adapt to changing deadlines.

Responsibilities

• Lead strategy and direction for health economic projects.
• Provide strategic advice to clients and drive business development.
• Manage budgeting plans and lead communications with clients.

Skills

Health Economic modelling

Client relationship management

Advanced Excel and VBA

Communication skills

Project management

Education

Degree in mathematics, economics, physics or computer science

Tools

Excel

VBA

R

C++

STATA

Job description

Role Summary

• Responsibilities: You will lead on the strategy and direction of health economic projects, with final sign off on all deliverables. You will also lead communications with clients, providing strategic advice and driving business development.
• Salary: £61,500 to £68,500 per annum, depending on experience.
• Benefits: Discretionary profit share bonuses paid twice per year, hybrid and flexible working options, generous holiday allowance, private medical insurance, critical illness cover, income protection, full funding for external training, and more.
• Role Type: Full-time, permanent role.
• Start Date: We are currently recruiting for start dates throughout 2026, including January, February and March, and you will be asked to state your availability on your application form.
• Application Deadlines: Whilst there are no set application deadlines, we strongly recommend applying as early as possible. The role will close when a suitable candidate is found.
• Location: This role is available in our London, Manchester and Bristol offices.

About the Role

Ready to lead impactful health economic projects and shape strategic client solutions?

Consultant Health Economists at Costello Medical play a crucial role as project managers. You will provide strategic advice to clients from model conceptualisation through to building of the model and interpretation of the results. You will manage a range of projects simultaneously and have full responsibility for client communication on your projects, as well as lead budgeting plans and business development efforts.

Our Health Economics team deliver modelling projects to a broad range of pharmaceutical and medical device companies, as well as public sector and non‑profit clients. You will be expected to work across different accounts spanning multiple disease areas, and should therefore be able to familiarise yourself with new areas quickly. You will support with recruiting, training, and line managing Health Economists, reviewing their work, and providing constructive feedback.

You will also drive global growth for the Health Economics team by actively contributing to business development, building long‑term client relationships, identifying and pitching to prospective clients, as well as spotting opportunities to expand our service offerings. By staying ahead of emerging trends in health economics, you will enhance the team’s capabilities and shape future projects.

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.

Therefore, we offer flexible working arrangements that allow our colleagues who have passed probation to work from home up to half their time, measured across a 2‑week rolling period. During your probationary period (normally the first 6 months of the role), you will be able to work from home 1 day per week.

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 in the Top 100 Best Companies to Work For list since 2017 and were proud to receive B Corporation accreditation in 2022. Learn more about us, our work, and our mission on our website:

Requirements

About You

We are looking for a collaborative, self‑motivated individual with a strong background in Health Economics and Outcomes Research (HEOR). You will take pride in delivering exceptionally high‑quality work, building successful client relationships, and consistently exceeding clients’ expectations.

You will thrive in a fast‑paced environment, staying highly organised, and managing timelines across multiple projects while supporting the project team as needed.

You will have a genuine desire to contribute to the growth of our team and the development of our junior colleagues, leveraging your mentoring and feedback skills to help them succeed.

Essential requirements for the role :

• A minimum of 6 years’ industry experience in health economic modelling, ideally within a consulting environment, or alternatively, a pharmaceutical or medical device company. This will have included:
• Working directly with clients from project initiation to completion, providing recommendations on project content and approach.
• Leading multiple projects simultaneously and adapting to changing deadlines, delegating tasks and managing the time of others effectively.
• Communicating with clients and tailoring your approach to a variety of communication / working styles to build robust, sustainable working relationships.
• A degree in a relevant discipline (minimum or equivalent), such as mathematics, economics, physics or computer science.
• Advanced modelling skills in Excel and VBA. Experience with other software (such as R, C++, STATA) is desirable, alongside a willingness to learn new technical and programming skills.
• Skilled in relationship building displayed both internally and externally, to communicate appropriately and adapt your style to different audiences and situations.
• Excellent written and verbal communication, with the ability to explain complex modelling techniques and results to non‑experts.
• An exceptionally high degree of accuracy and attention to detail.
• Flexibility to respond to changing deadlines.
• The ability to work both independently and in collaboration with others, leading and motivating them to deliver high‑quality outcomes.

Benefits

What We Offer

Alongside our award‑winning company culture, where every team member is celebrated, respected, and has their voice heard, we are proud to offer a comprehensive benefits package that includes:

• A starting salary of £61,500 to £68,500 per annum, as well as a discretionary profit share bonus paid twice per year. Please note that we have established salary bands to ensure a fair and consistent approach for all applicants, eliminating the need for individual negotiations.
• 25 days’ annual leave plus bank and public holidays, as well as a holiday buy and sell scheme.
• Flexible working hours and the chance to work from home for up to half of your working time after passing probation.
• Flexible benefits scheme offering cash payments, additional pension contributions and more.
• Private Medical Insurance which offers comprehensive cover on a “medical history disregard” basis.
• Paid study leave and funding for external qualifications.
• Critical Illness Cover, Income Protection and Life Assurance.
• Paid and unpaid sabbaticals based on length of service.

Learn more about our full reward package and the other benefits of working for Costello Medical:

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.

Then, our recruitment process includes an assessment for you to complete in your own time. If successful, you will be invited to an interview which includes a short presentation you can prepare for in advance. Please note that the successful candidate may be required to undergo security / background checks, and any employment offer will be conditional on the results of these. Our standard recruitment process lasts around 1 month, 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 note that, whilst we embrace AI to innovate and improve processes, your role may involve working with 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

We can provide visa sponsorship for eligible candidates for our Consultant Health Economist role. You will be asked to provide details of your right to work in the UK within your application, however this will have no impact on the processing of your application.