Health Economics Internship

Role Summary

• Responsibilities: You will have the opportunity to 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 pro-rated salary of £25,800 per annum outside of London (£27,050 per annum in London)
• Benefits: Statutory holiday allowance, flexible working hours and the chance to work from home 1 day per week, numerous internal training and mentoring opportunities and employer pension contributions
• Role Type: Full-time, temporary internship
• Start Date: We are currently recruiting for start dates in January, February and March 2026, 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, or particular start dates, may close when suitable candidates are found
• Location:This role is available in our Manchester and Bristol offices

About the Role

Our Health Economics Internship is ideal for current students and recent graduates 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.

Projects can involve developing 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.

Key responsibilities will include:

• Conduct research and critically appraise medical and economic literature to inform project objectives
• Understand and apply theoretical health economic frameworks to relevant projects
• Develop high-quality, technically robust, and clinically valid models using Microsoft Excel or other relevant software
• Interpret and analyse model results, producing accurate and comprehensive reports detailing methodologies and outcomes

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

There is an opportunity for strong candidates to apply for the Health Economist 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 opportunities at Costello Medical, explore first-hand career profiles from our colleagues about their experiences with the company: https://www.costellomedical.com/careers/working-at-costello-medical/career-profiles/

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: https://www.costellomedical.com/

About You

This internship is open to undergraduates and post-graduates, professionals considering a career change, as well as and current students who can complete full-time internships outside of term time or as part of their degree. Please note that we do not recommend completing the Health Economist Internship programme at the same time as studying, completing a dissertation or writing a PhD thesis due to the competing demands of your course and the role.

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 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

Joining Costello Medical from Academia

At Costello Medical, we warmly welcome applicants from academia who are looking to transitioning into a role within a commercial, industry-based setting. We understand the unique perspectives and valuable skills that academic professionals bring to our team. To support your career change, we offer comprehensive training, mentorship programs, and a work culture that fosters collaboration, growth and innovation. We are committed to facilitating a smooth transition and helping you thrive in an industry-based setting.

Many of our team members have successfully made this transition, and they share how their expertise has been transformed into fulfilling, impactful careers with us. Learn more here: https://www.costellomedical.com/careers/working-at-costello-medical/joining-from-academia/

What We Offer

At Costello Medical, we are committed to fair and competitive pay. In line with the Real Living Wage, the salary on offer is:

• £25,800 per annum for colleagues based in office locations outside London
• £27,050 per annum for colleagues based in the London office

These rates reflect regional living costs and our commitment to equitable compensation. Learn more about the Real Living Wage https://www.livingwage.org.uk/what-real-living-wage.

Interns also benefit from:

• Exceptional internal training and mentoring
• Opportunities to contribute to pro bono and charitable projects
• Regular company-funded social activities
• Flexible working options

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. If successful, you will be sent a technical and proofreading assessment which requires you to use Excel and can be completed in your own time. Following successful assessments, you will then be invited to an interview.   

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: https://www.costellomedical.com/reasonable-adjustments/

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

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.

Student to Graduate Visa

For current Student visa holders, in most cases you will be unable to join us in a permanent full-time position until you have submitted your graduate visa application. Please refer to Immigration Rules - Immigration Rules: Appendix Student - Guidance - GOV.UK and Graduate visa: Overview - GOV.UK for more details. Please contact recruitment@costellomedical.com should you have any questions.