Senior Health Economist

Role Summary

• Responsibilities: You will be responsible for developing economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicating these insights to a variety of stakeholders
• Salary: A starting salary of $100,000 to $125,000 per annum, depending on previous experience (please note that we have established salary bands that are determined by your level of educational attainment to ensure a fair and consistent approach for all applicants, eliminating the need for individual negotiations)
• Benefits: Discretionary profit share bonuses paid twice per year, hybrid and flexible working options, generous vacation allowance, private medical and dental insurance, 401K plan with up to a 5% employer contribution, life insurance, full funding and study leave for external training and more
• Role Type: Full-time, permanent role
• Start Date: We are currently recruiting for start dates throughout 2025 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, or particular start dates, may close when a suitable candidate is found
• Location: This role is available in our Boston, MA and New York, NY offices

About the Role

Do you have experience of successfully conceptualizing, developing and communicating health economic models that demonstrate the value of new healthcare interventions? Do you enjoy building and maintaining client relationships? Are you looking to join a growing company offering excellent career prospects?

As a Senior Health Economist at Costello Medical, you will play a key role within project teams to ensure work is delivered to an exceptionally high quality and in line with client expectations. This includes providing strategic advice to clients from model conceptualization through to building of the model and interpretation of the results. Senior Health Economists are central to the quality control of the project as well as training Health Economists through the provision of constructive feedback. In addition to this and helping define our project approach, the ideal candidate will also be expected to deliver technical work themselves and progress their own technical modelling skills.

Our Health Economics team deliver modelling projects to a broad range of pharmaceutical, medical devices companies and public sector and non-profit clients. You will work across different accounts spanning multiple disease areas and therefore should be able to familiarize yourself with new areas quickly.

You will also play a key role in contributing to business development by developing and maintaining excellent client relationships and identifying opportunities to provide additional services to clients within projects. There may also be opportunities to line manage and mentor our Health Economist Interns.

Senior Health Economists are supported to progress to the Consultant Health Economist role, and this can typically be achieved in 1 to 2 years. As a Consultant Health Economist, you would manage a range of projects and have full responsibility for client communication on your projects, as well as leading budgeting plans and business development efforts. In addition to technical project delivery, you would line manage team members and have internal responsibilities spanning areas such as recruitment and training.

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 to work from home for up to half of the time, measured across a 2-week rolling period. Please note that as part of our wider flexible working policy, employees may work outside of Massachusetts for up to 4 weeks annually

Career Profile

We offer many opportunities for personal and professional development at Costello Medical. Please click below to read firsthand accounts from our colleagues about their time with the company:

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, the Boston Globe’s Top Places to Work list in 2025, 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 individuals who are collaborative, self-motivated and enthusiastic. You will take pride in producing exceptionally high-quality work and building successful client relationships. You will identify and capitalize on opportunities to go above and beyond for clients and exceed their expectations wherever possible. You will thrive in a fast-paced environment, be highly organized and able to manage timelines across multiple projects.

This role is suited to those who have professional experience, of typically no less than 2 years, in applying economic and mathematical modelling techniques within an industry setting, ideally within a pharmaceutical, medical devices or medical consulting company. Specifically, we are looking for candidates with the following experience:

• Working on health economic projects, directly with clients, from project initiation to completion
• Leading a project team, including delegating tasks and managing the time of others coupled with the ability to manage timelines across multiple projects at once and the flexibility to respond to changing deadlines
• A proven ability to build robust and sustainable client relationships, which involves communicating directly with clients and responding to different communication styles

In addition, essential requirements for the role are:

• A degree level or higher qualification in a relevant discipline (minimum GPA). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science. Formal degree-level or higher ( postgraduate) training in statistics or health economic modelling is desirable, though not required
• Excellent written and oral communication skills and the ability to explain complex modelling techniques and results to non-experts
• Advanced skills in Excel and VBA
• The ability to use your initiative and work independently, in addition to working collaboratively within project teams
• A high degree of accuracy and attention to detail
• Flexibility to respond to changing deadlines

Desirable requirements for the role:

• Prior experience of having mentored others in any setting
• Experience with other software (such as R, C++, STATA) alongside a willingness to learn new technical and programming skills is important for the role

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:

Benefits

What We Offer

Alongside our award-winning company culture, where every team member is celebrated, respected, and has their voice heard, our comprehensive benefits package includes:

• A starting salary of $100,000 to $125,000 per annum, depending on your qualifications and previous experience, as well as a discretionary profit share bonus paid twice per year. Please note that we have established salary bands that ensures a fair and consistent approach for all applicants, eliminating the need for individual negotiations
• 23 days’ vacation leave increasing by 1 day each year to a maximum of 27 days. 6 public holidays plus 1 floating vacation day to use on a holiday of your choosing
• Flexible, reasonable working hours and the chance to work from home for up to half of your working time
• Private medical insurance with a company contribution, as well as dental and vision cover and life insurance
• Retirement savings via a 401k plan with up to a 5% employer match
• Paid funding for external education and study leave
• Paid and unpaid sabbaticals based on length of service

Please click here to learn about our full reward package and the other benefits of working for Costello Medical:

The Application Process

You are required to submit your resume 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 resume should clearly state the dates of all qualifications and grades achieved where applicable.

Our recruitment process includes a telephone interview with a member of the Talent Acquisition team followed by a technical and proofreading assessment for you to complete in your own time, which requires you to use Excel. If successful, you will be invited to an interview which will include a short presentation you can prepare for in advance. 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

We welcome applications from international candidates, but we are unfortunately unable to provide visa sponsorship for working visas. Therefore, you must have the right to work in the US independently from the company. However, we are able to consider those on a temporary visa, such as an OPT visa.