Graduate – Assistant Economist, Singapore
Would you like to work for a world leader in economic, business and financial analysis?
Do you follow economic events closely? Would you like to advise organisations on the implications of the major economic trends that matter to them? To influence decisions about where businesses invest, what government policy should be, or how senior executives think about key business risks and opportunities? Would you like to be part of a 250-strong team of economists across more than 20 offices around the world?
Who are we looking for?
Oxford Economics is looking for high-achieving graduates who want to apply their understanding of economics to real world issues. You must be able to put together logical economic arguments and explain them convincingly to economists and non-economists alike. You will need to be eager to learn with strong analytical skills and a keen attention to detail. You should be comfortable meeting tight deadlines, responding flexibly to a range of challenges, and working under your own initiative.
Successful candidates are highly numerate and have good technical skills. They work well with others, take responsibility for the quality and timeliness of their work, and demonstrate a creative approach to problem-solving. Fluency in English is essential, as is the ability to communicate clearly and concisely in writing and verbally.
We welcome applications from those who meet this description with:
- a degree in economics or a closely related subject, preferably at postgraduate level
- a demonstrable interest in economics
- an excellent academic record
- excellent quantitative skills (e.g. Excel, Eviews, other statistical software)
- some relevant work experience, whether paid or voluntary (highly desirable)
- the right to work in Singapore.
What training do we offer?
We are a fast-growing, independent consultancy with a global reach. Our goals are to provide excellent analysis, forecasting, research and analytical tools to our clients; and interesting, challenging and rewarding careers for our staff.
Graduate trainees do work that matters from their first week. They are supported by comprehensive training on the technical and business skills needed to handle economics projects, forecasts and research.
The training includes report writing, communication skills, influencing, presentation and project management as well as advanced excel skills, econometrics, our proprietary Global Economic Model and introductory programming. It is delivered through short courses, a group project and on-the-job training.
What work will you do?
Our culture is modern, open and collaborative. You will be working closely with experienced economists and expected to take responsibility for your work from an early stage.
You will contribute to Oxford Economics’ economic consultancy services, working with our large global team of economists on a variety of projects, including macroeconomic scenario analysis and economic impact modelling.
Here are some examples of recent projects.
- How Robots Change the World: What automation really means for jobs and productivity (https://www.oxfordeconomics.com/recent-releases/how-robots-change-the-world)
- Technology and the Future of ASEAN jobs: The impact of AI on workers in ASEAN’s six largest economies (https://www.cisco.com/c/dam/global/en_sg/assets/csr/pdf/technology-and-the-future-of-asean-jobs.pdf)
- The Sainsbury’s Living Well Index (Sainsbury’s microsite here.)
- The Drivers of housing affordability: An assessment of the role of short term rentals (https://www.oxfordeconomics.com/recent-releases/the-drivers-of-housing-affordability)
- Baker McKenzie Global Transactions Forecast 2020: Powering through the downturn (https://www.bakermckenzie.com/en/insight/publications/2019/10/global-transactions-forecast-2020.)
What are the opportunities for progression?
Successful progress through the training period is marked by completing a six-month probationary period and earning promotion from Assistant Economist to Economist after one year.
As a fast-growing company, we can offer a flexible career path designed to suit your strengths and interests.
At all levels we offer a competitive salary package, including a performance-related bonus, and regular pay reviews.
What is the working environment like?
We are now a global organisation employing 250 economists, but we strive to retain the best features of the original start-up environment. This means an informal but hard-working culture where flexible working arrangements are available. We cultivate entrepreneurial thinking, for example in supporting staff to pursue opportunities and map their own career paths.
As well as working hard, we encourage employees to volunteer in the community. There are regular social events and staff parties, and more informal lunchtime and evening activities, often organised by individuals.
Depending on the location, you may be entitled to private health care, annual purchase leave scheme and various other company benefits.
The graduate scheme offers broad exposure to macroeconomic analysis and economic consulting, that enables individuals to specialise after its completion, depending on their interest, aptitude and business needs.
Below is a summary of the six pillars of our global team of economists:
Macro and Investor Services
We analyse current and thematic developments in the world economy, producing country and asset price forecasts and research analysing the key risks and uncertainties for our clients. Aside from the monthly forecast round, our key outputs include country reports, research briefings and data insights, all of which are regularly referenced in the financial press.
Scenarios and modelling
Our work focuses on building scenarios in our industry leading Global Macro Economic model. We work on a wide range of scenarios from business planning to inform investment decisions, regulatory scenarios to aide compliance for financial institutions and policy analysis to access the impact of government decisions. We also work on our Global Scenario Service that accesses the impact of the most pertinent risk facing the global economy.
The Macro Consulting team delivers advice and macroeconomic research projects for private and government clients on a variety of macroeconomic themes, drawing heavily on OE’s internal suite of models. Projects typically involve economic forecasting, scenario analysis and custom model development, across topics such as international trade, financial markets and the consumer sector.
Economic Impact Consulting
The Economic Impact Consulting team tackles a wide range of questions raised by our clients. This team publishes research reports on varied themes, such as quantifying the impact a major company makes on an economy, estimating the value created for society by cultural institutions like museums, modelling the potential productivity gains from technological change, or simulating how the labour market evolves around automation. Examples of our work are available here.
National-level economic analysis provides only a partial guide to the dynamics unfolding in the world’s major urban centres. Our unique suite of forecasting services covers nearly 7,000 cities and regions across the world, providing regularly updated data, forecasts and analysis for each location. Our city consultants also work in the areas of urban and regional development, bespoke model building and location benchmarking.
The industry team is responsible for quarterly updates of forecasts and associated sector and country reports across 77 countries and more than 100 sectors. Economists take responsibility for a specific sector such as automotive, construction, chemicals, food/beverage etc for all countries covered. In addition, the team has a large and diverse portfolio of consultancy work to which all economists contribute in addition to their forecasting duties
How to apply
Please send your CV (resumé) and a cover letter when completing the online application. Your cover letter should clearly explain how you meet our requirements.
The deadline for applications is 5pm Singapore time, Friday 22 January 2021. We review applications as they are received and will begin interviewing in February 2021.
Our recruitment process
We acknowledge all applications and will contact you again by email if we wish to proceed with your application.
The selection process will involve up to two in-person interviews in our Singapore office as well as practical written exercises to assess your economics skills and the competencies outlined above.
Topics: Careers in Singapore