Graduate Development Programme - Economist

Job Reference:
Full Time
Birmingham or London
£28,000 p/a
Date Posted:
9am - 20.01.20
Closing Date:
11pm - 28.02.21

We’re looking for talented Economics graduates to join our Graduate Development Programme.

About the Programme

Our dynamic and packed 2 year programme will enable you to use the economic tools developed in your degree to help us solve problems in the water industry. Our graduate programme will offer a truly versatile role, a huge amount of insight into how a regulator works with excellent training enabling you to create a solid foundation for your economic career.  

Rotating across different areas of work (clusters), you will also be able to develop a broad skillset, important to many roles in the world of regulation. You’ll be part of a multi-disciplinary team and apply the principles of regulatory economics, competition economics, industrial organisation, and financial economics in the real world. 

The work we do is complex and has direct implications for the customers and the environment. You’ll be given the opportunity to demonstrate your potential from the outset and your passion for economics will see you relish the opportunity! 

About Ofwat

Ofwat (the Water Services Regulation Authority) is the economic regulator of the water and wastewater sectors in England and Wales. Our vision is to improve life through water. We plan to achieve this through:

  • ensuring that the sector delivers everyday excellence in delivering water and wastewater services to customers, responding to their changing demand;
  • ensuring that companies take long-term stewardship of the environment, their assets and their customer relations;
  • ensuring that the industry “adds value”, whether through value for money for customers or adding value to communities and the environment.

We are full speed ahead delivering our 2019 strategy, Time to act, together which focuses on bringing our vision to life. So this is an exciting time to join our team and ride the wave! 

Ofwat is ambitious about the future and looking for people who can help us to achieve our goals. Our commitment to being a truly diverse and inclusive employer, reflective of the customers and communities we serve, encourages applications from all walks of life. Our aim is to create an environment where colleagues feel comfortable in bringing their whole self to work, where everyone is treated equally, empowered to thrive, and together we achieve our vision of improving life through water. 

Who are we looking for?

Engaged and highly motivated individuals committed to making a difference. You’ll find your feet and become effective very quickly in our small, friendly and inclusive organisation. You’ll be empowered by our culture of collaboration, learning and innovation and you’ll be exposed to senior executives and stakeholders early on, giving you the opportunity to raise your profile internally and within the sector. Successful candidates will thrive on applying economic framework to real life issues. You will also have a can-do attitude, a commitment to continuous learning and will be able to see the bigger picture in all tasks, proactively contributing no matter how large or small they may be. 

We are looking for colleagues with a strong academic foundation in economics. You will need to have (or be on target to achieve) at least a 2:2 degree in a subject with a significant focus on microeconomics, industrial organisation or financial economics. We’re particularly keen to hear from you if you have (or will obtain this year) a relevant post-graduate degree. In either case, as this is a -graduate programme, we are looking for no more than three years’ work experience following your graduation. 

Regulatory economics is an area with strong career potential and a lot of demand from the regulatory community, so we would encourage potential candidates to consider this programme as an investment in this context. We are looking for colleagues who have a true interest in economics and want to continue to develop their skills, knowledge and career in this area. 

What’s on offer?

As a Graduate Associate on our programme, you’ll be employed on a 2 year fixed term contract with a starting salary of £28,000 plus a substantial benefits package including 25 days holiday plus 10 ½ bank holiday and privilege leave days per annum. In addition you will receive an excellent benefits package including exclusive discounts on a range of good and services (retail, theatre, gym membership etc), professional development opportunities, health and wellbeing initiatives and an excellent civil service pension.  

We have offices in Birmingham and London (you’ll be able to express a preference for which) with remote working available. We operate a truly flexible and agile working culture with all of the IT/infrastructure (including a Surface Pro and iPhone) to enable you to work efficiently where and when needed. 

Sounds good? We’re looking to appoint this year with an assessment centre which will take place w/c 22 March and a start date of 6 September 2021. The closing date for applications is 23.59 on Sunday 28 February 2021 so don’t miss out! 

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