OXFORD ECONOMICS Graduate recruitment
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Economics matters. Combining skilled analysis with detailed information on the global economic environment creates a firm basis for our clients to make decisions. Oxford Economics was founded in 1981 as a commercial venture with Oxford University s business college to provide economic advice, forecasts and analytical tools to international institutions, governments and blue-chip companies. Building on these foundations, we are now a world leader in quantitative analysis and rigorous economic forecasting. As an independently-owned company we are a trusted provider of high quality, quantitative analysis and evidence-based business and public policy advice. Our international reputation is built on: The calibre of our staff. We employ over 70 professional economists, with a wide range of experience from academia to government to the corporate sector. Our rigorous, quantitative approach to issues. We use our expertise in combining economic and statistical analysis, detailed understanding of data and our range of models to answer practical questions. Our ability to answer the so what? questions, helping our clients to understand what the application of careful economic analysis reveals about the opportunities, challenges and strategic choices they face. Our close links with Oxford University, which still exist today through our management board, our empirical research approach and access to the latest thinking and specialist skills.
Scott Livermore and Sam Moore Chief Operating Officers Oxford Economics is one of the largest economic forecasting and consulting firms in the world. We have expanded rapidly in recent years, but we retain a collaborative approach to research, together with a friendly atmosphere. We are now looking for outstanding economics graduates to join our forecasting, consulting and thought leadership teams. Right from the start new graduates work closely with their senior colleagues, learning what it takes to be a professional economist. Early responsibility and fast career progression are open those who excel. Scott originally joined the company direct from university in 1997 and has seen it transform into a modern, innovative and dynamic organisation that presents exciting career opportunities to new graduates and experienced economists alike. Welcome from This brochure highlights some of the opportunities you would have by joining Oxford Economics. Please contact us, or a member of our team, should you have any questions about careers at Oxford Economics. Scott is responsible for Oxford s macroeconomic and industry services and Sam is responsible for economic impact and cities services.
MEET OUR PEOPLE Henry Worthington Henry works as an economist in our consultancy team. He studied economics at Cambridge University. The work at Oxford Economics is varied and challenging. At the moment I am involved in two projects. The first is estimating the extent to which austerity measures have affected climate-change spending across major economies, and the second is assessing the economic impact of the construction of a gas pipeline in Albania. I m also part of the global macroeconomic team. I produce forecasts and write research notes for clients on Eastern European economies. As a new starter you will be given responsibility at an early stage, allowing you scope to demonstrate your talent. The office environment is very friendly and people are always willing to offer help and guidance when asked.
Our forecasting work We help our clients to understand what the application of careful economic analysis reveals about the opportunities, challenges and strategic choices they face. Oxford Economics is the only commercial consultancy with its own fully integrated global econometric model. Our model is relied on by over 100 central banks, finance ministries, government agencies and blue-chip companies around the world. The model provides a rigorous and consistent structure for analysis and forecasting. We also use it to consider alternative global economic scenarios and policy developments. We produce a comprehensive range of forecasts at country, industry and city level. We also publish weekly briefings on economic events in the US, UK, Eurozone and emerging markets. Whatwedo
MEET OUR PEOPLE Faisal Wasswa Faisal works as an economist in our cities and regions forecasting team. He studied economics at Brunel University and Birkbeck College, University of London. The most exciting aspect of the job for me is that I get the opportunity to be involved in and take the lead in a wide variety of projects. At the moment I am working on quarterly macroeconomic forecasts for each US state and metropolitan area, and I am also producing equation estimates for the price of energy-producing commodities. The work is stimulating as it requires original thinking. The reward comes in knowing that your contribution will allow businesses to make better decisions. Working at Oxford Economics gives you the opportunity to apply the knowledge and skills you developed whilst studying, as well as learning new methods of analysis.
Our consultancy work We carry out a wide range of bespoke consultancy projects. Scenario analysis: Using our global model we provide quantitative analysis of alternative economic scenarios and risks. For example, we have worked with the Asian Development Bank to provide what if? analysis of how Asia would fare under various economic scenarios, and have analysed the impact of the London terrorist attacks on the tourism sector. Whatwedo Macroeconomic policy assessments and tax analysis: Our model provides the ideal framework for assessing the economic impact of macroeconomic policy proposals. We have analysed the implications of reform to UK housing finance using the Oxford Economics and HM Treasury models for the Miles Review of the UK mortgage market. We have also designed tax systems to deal with fraud, smuggling and bootlegging. Model Building: We help clients build and maintain their own models. Recent projects have included developing an econometric model for Egypt s Ministry of Finance. We train our clients to maintain and update the model and show them how to use it to inform policy decisions. Regional Analysis: We are often engaged by clients to assess regional economic prospects and the impact of regional policy on economic performance. Examples of recent studies include quantifying the cost of transport delays to the London economy on behalf of the GLA. Economic impact studies: We analyse the economic and social contribution of particular sectors, investment projects or tax proposals. Recent studies have included a report on the size and health of the UK space industry and an analysis of the economic and social contribution of the UK fashion industry.
Our thought leadership Our thought leadership team stimulates discussion about critical business and policy issues. Market surveys: We speak with executives, policymakers and customers. We apply our quantitative expertise to survey design, we analyse the results and we build forecasting models from our findings. Advisory boards: We set up peer groups of corporate, academic and government leaders. Leading discussions: We facilitate the exchange of ideas among executives. White papers: We publish discussion papers on a wide range of management, industry and regional issues, often in partnership with our clients.
Our scheme provides comprehensive training in applying economic understanding to real world issues. After two years with Oxford Economics you will have developed the skills and experience of a professional economist. Ourgraduate trainingscheme You will be doing work that matters from your first week. If you join our forecasting team you will take responsibility for macroeconomic and industry forecasts for a range of countries, cities and regions. You will publish reports and liaise with clients, and you will be fully trained, challenged and encouraged by experienced economists. You will also have the opportunity to work on a variety of consultancy projects. At every stage your work will be supported by a training programme. This will develop your proficiency in understanding and using our macroeconomic model, in handling data and in applying economic tools to produce rigorous analysis. You will also acquire valuable report-writing skills. After an initial period in which you will gain exposure to all areas of our business, you will begin to specialise. As a small but fast-growing company we can offer a flexible career path designed to suit your strengths and interests. You will be given the opportunity to take on more responsibility when you are ready for it. You will be based in our Oxford or London office, but with the option of a six-month secondment to New York or Singapore. You will attend our world outlook conferences, in which the major economic issues and future trends are discussed by top economists. By the end of the graduate scheme you will be a fully trained, professional economist, with skills that are valued by a wide range of sectors ranging from government, international organisations, banks to blue chip organisations. If you excel there is the opportunity for fast-tracked promotion at Oxford Economics and an exciting career that you can influence. Several of our economists initially joined the firm as graduates before leaving to gain additional experience elsewhere. They subsequently returned to take up senior positions at Oxford Economics.
MEET OUR PEOPLE Sarah Hunter Sarah works as a senior economist in our global macroeconomics team, and takes a leading role in the emerging markets team. Sarah studied economics at Cambridge University and the London School of Economics before completing a DPhil at Oxford University. As a dynamic, rapidly-expanding company Oxford Economics offers plenty of opportunities for career development. From the start I ve been involved in both macro forecasting and project work, and the wide client base means that the project work is very diverse. Among the many projects I ve been involved in, I ve had the chance to develop and implement a methodology for forecasting household income by income band, build a macroeconometric model of Qatar and work on modelling the global impact of country-specific emissions abatement policies. The company has provided substantial support for my professional development, and I have been encouraged to take responsibility for running projects and leading our emerging markets macro forecast. I was promoted to senior economist after 18 months, and since then my role has developed further. I now oversee the company s outlook on emerging markets and project manage key consulting projects.
I want to apply my skills to real world economic issues I am highly numerate, analytical and inquisitive I would like to develop my skills through challenging projects We are looking for exceptional graduates who have a first or upper-second class degree in economics or a related subject from a top university and have, or are currently studying for, a Masters degree. We will also consider applications from graduates with experience in academic research, the civil service, financial services or consultancy. You will need to be a good team player with strong analytical skills, pay attention to detail and learn fast. You must be able to put together complex arguments and explain them convincingly. You should also be comfortable meeting tight deadlines and working under your own initiative. Fluency in English is essential, as is the ability to write and communicate clearly and concisely. Whoweare lookingfor
MEET OUR PEOPLE Biola Babawale Biola works as an economist in our global macroeconomics team. She studied economics at the University of Warwick and at University College, London. My work is wide-ranging, so every day is different. Over the course of a week I could go from building and updating tourism models to forecasting the economic outlook for the Philippines. Being responsible for a country economic forecast involves analysing the recent financial, economic and political developments, incorporating these in our model and writing a clear summary for clients.
Our next graduate training scheme starts in September 2013. We welcome applications at any time. If you are interested in working for Oxford Economics please send your CV and a covering letter to graduates@oxfordeconomics.com. All first-round interviews will be held at our Oxford or London offices. You will be given a short written test to assess your critical thinking skills and will be interviewed by two senior members of our firm. Successful candidates will then be recalled for a second interview and can expect to meet other senior economists. We offer a competitive salary package, including a performance-related bonus. Howtoapply We also offer one-year internships for students on relevant undergraduate sandwich courses. Please visit our website if you would like further details.
MEET OUR PEOPLE Abby Samp Abby works as an economist in our Industry forecasting team, leading the production of our quarterly industry forecast. Abby studied economics at McGill University and at the London School of Economics. I spend about half of my time working on regular products, including country and industrial forecasts. The rest of the time is taken up with bespoke consultancy work. I ve just finished a project on the outlook for Indonesia, with a particular focus on the impact of alternative scenarios on infrastructure spending. I m now writing an article on the outlook for the Nordic countries, and I am about to start two new projects. One is to analyse the UK industrial outlook and the other is an assessment of central bank responses to the global economic crisis. Oxford Economics provides a huge variety of work for economists to get involved with, including macroeconomic and industry forecasting. For the first part of your training you will have exposure to all of our services, but after that you will begin to specialise, and also gradually get more involved in project management. You ll end up learning a great deal about macroeconomic modelling and forecasting quite quickly.
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