Job description
Connect to your Industry
Our team applies industry leading economic analysis to address real world commercial, regulatory and policy issues for private and public sector clients. Our technical economic toolkit combined with access to Deloitte’s wider financial, strategic and industry expertise and the Global Economic Advisory network distinguish us from our competitors. Through our global reach, you will have the opportunity to work with many of the world’s largest companies, including members of the S&P500 and FTSE100, as well as government bodies across the globe. And as a member of our team, you will get the chance to actively contribute to our projects from day one, with early client exposure and active participation in developing methods and tools to serve our clients.
For examples of our work, a selection of published reports can be found on our website: https://www2.deloitte.com/uk/en/pages/financial-advisory/solutions/economic-advisory.html
Connect to your career at Deloitte
Deloitte drives progress. Using our vast range of expertise, that covers audit, risk advisory, and consulting services across tax, legal, business, technology and corporate finance, we help our clients become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.
What brings us all together at Deloitte? It’s how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most.
Connect to your opportunity
The Economic Advisory team is looking for candidates planning to complete a Master’s level degree in Economics that will be completed by Autumn 2024 to join our team of 70 economists for 8-10 weeks in the Summer 2023.
Our work varies across both:
- Working across issues in regulation/policy, competition, strategy development and price optimisation, impact appraisal and cost-benefit analysis; and
- Working in a variety of sectors including telecommunications, media and technology (TMT), government and public services (inc. fiscal policy), infrastructure (transport, energy and utilities) as well as financial services and healthcare.
As an intern at Deloitte, you will work alongside other economists as a core part of project teams. You will be applying microeconomic and macroeconomic theory alongside economic and econometric modelling to provide solutions for business, consumer and regulatory issues facing our clients. You will have the opportunity to present your work both in written reports and in presentations and workshops with senior business and policy leaders. Our work is made better through collaboration, and in Economic Advisory you will work alongside a team of fellow postgraduate economists as well sector and technical experts from across the firm, both in the UK and globally.
Companies, regulators and governments look to us to help them understand economic issues impacting their business and policies. Your technical expertise and the skills you build in Economic Advisory will ensure you are seen as a trusted advisor in helping them make crucial decisions and making an impact that matters.
Responsibilities:
At Deloitte Economic Advisory, you will be part of a collaborative and supportive team, offering various training opportunities and career coaching. Some of the experiences you may obtain from being an Economist at Deloitte are:
- Gain experience in a range of technical areas including economic analysis, market analysis, business modelling, strategy, policy appraisal, economic modelling, valuation and financial analysis.
- Develop solutions to a wide range of high profile and complex problems facing businesses, regulators and governments using a range of softwares and analytical tools such as econometrics, financial analysis, and economic general/partial equilibrium modelling.
- Collaborate with others through debate and discussion, whilst learning how to effectively communicate with others.
- Develop strong relationships with various clients.
- Build long-lasting relationships with colleagues based on mutual respect and trust.
- Communicate effectively with clients through presentations, reports and meetings.
- Develop report writing, team working, project management skills and the commercial application of economic theory.
- Continue with your professional development throughout your career through training opportunities across both soft and technical skills.
- Work in multi-disciplinary teams across Deloitte on major projects for both public and private sector clients.
- Experience different cultures and local business practices, whilst working with colleagues and clients around the world, as well as enjoying opportunities for national and international travel and secondments.
- Working as part of a diverse team with an inclusive culture where people are recognised for their contribution
Connect to your skills and professional experience
The Economic Advisory Summer Internship Scheme is suitable for candidates that:
- Will be starting a Master’s level degree in Economics in the next academic year that will be completed by Autumn 2024; OR
- Are in the first year of a 2-year Master’s level degree in Economics that will be completed by Autumn 2024.
The Scheme will start in late June/early July 2023 for a duration of 8 – 10 weeks. Based on your performance, there is an opportunity to receive a full-time permanent offer, beginning in September 2024, at the end of the internship.
As part of your application, we will look for evidence of the following:
- Familiarity with, or eager to learn, one or more of the following tools: R, Python, STATA, SAS, MATLAB, Dynare, GAMS.
Additionally, as part of the assessment process, we look for evidence of the following:
- Ability to apply knowledge of economic theory and tools to real-life commercial and policy issues.
- Analytical thinking and problem-solving skills to develop insights and solutions from data.
- Ability to manage your own work and timelines to ensure a superior client experience.
- Ability to explain economic thinking in non-technical terms to clients without an economics background.
- Ability to develop and foster meaningful relationships, always acting professionally and inclusively.
The list is indicative of some of the strengths we are looking for in an applicant and having evidence of them may be beneficial in the application process. We would still encourage you to apply even if you do not have all the experiences listed above.
Connect to your service line - Financial Advisory
Strong financial planning is just the start. This is where you can change the fortunes of an organisation, working with great minds across our business. Because there’s one thing that makes our advice better than our competitors: our people.
Personal independence
Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints. This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm. The recruitment team will provide further detail as you progress through the recruitment process.
Connect with your colleagues
“Deloitte gives you lots of opportunities to hone your skills and an open-door approach from the senior leadership makes it a great organisation to build your career with.”
- Aditya, Business and Financial Advisory
Connect to your agile working options
Location: Hybrid working with two or more days in our London / Cambridge offices.
Work pattern: This is a fixed term contract opportunity for 8-10 weeks.
Your Work, Your Way: We call our hybrid working vision Deloitte Works. And it does. We trust you to make the right choices around where, when and how you work. You’ll be able to make decisions about how you work best, to be collaborative, learn from colleagues, share your experiences, build the relationships that will fuel your career and prioritise your wellbeing. Having great conversations with your team and your leadership paves the way for great collaborative ways of working.
Our commitment to you
Making an impact is more than just what we do: it’s why we’re here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.
We want you. The true you. Your own strengths, perspective and personality. So we’re nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we’ll take your wellbeing seriously, too. Because it’s only when you’re comfortable and at your best that you can make the kind of impact you, and we, live for.
Your expertise is our capability, so we’ll make sure it never stops growing. Whether it’s from the complex work you do, or the people you collaborate with, you’ll learn every day. Through world-class development, you’ll gain invaluable technical and personal skills. Whatever your level, you’ll learn how to lead.
Connect to your next step
A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you’ll experience a purpose you can believe in and an impact you can see. You’ll be free to bring your true self to work every day. And you’ll never stop growing, whatever your level.
Discover more reasons to connect with us, our people and purpose-driven culture at deloitte.co.uk/careers
WPFULL SLFINA LOCCAM