Communications play a crucial role in everyone's lives. As the regulator in this sector, Ofcom wants to make these markets work for everyone, and economics is central to this.
As an Ofcom economist you will be involved in the issues straight away, formulating policy options and helping to reach robust decisions. You will start a rewarding career in a vital and dynamic sector and have opportunities to learn in a supportive environment.
Ofcom has one of the largest competition and regulatory economics teams in the UK, with more than 60 economists working on issues related to the BBC, TV, radio and video-on-demand sectors, broadband, landlines, mobiles and postal services, plus the airwaves over which wireless devices operate.
Our work involves many stakeholders and uses a range of skills. For example, you might be working in teams that:
- Use behavioural economics to understand how people buy communication services and make it easier for them to switch provider
- Assess the potential positive and negative impact on the media sector of BBC services such as new TV channels and apps
- Analyse competitive conditions in broadband markets using applied industrial organisation theory, and identify ways to address market power and promote competition in the build out of fibre networks
- Provide financial insight and economic modelling to help ensure the provision of the universal postal service
- Adopt some of the principles of game theory and auction theory to inform the best ways to allocate portions of the airwaves over which wireless devices operate
- Design and interpret consumer surveys to understand what people want from their service
As a graduate economist, you will be working collaboratively in multi-disciplinary teams from day one to help ensure our policies have a sound economic foundation and deliver a real, long-term benefit to consumers. Your personal development is also important to us, so you will also receive support and training as you grow in your role.
During your two years on the programme, there will be four six-month placements moving between projects, industry sectors and teams within Ofcom, exposing you to a broad range of competition, consumer and regulatory issues.
At Ofcom, we're looking for:
- An undergraduate degree in economics or a mixed degree that includes economics, or post-graduate qualification. For mixed degrees or post-graduate qualifications at least 50% should be in economics.
- Enthusiasm about economic thinking and its application to the real world
- Strong communication skills
- Flexible benefits allowance
- Pension allowance
- 25 days’ holiday
- Private medical insurance
- Life assurance
- Annual health check
- Income protection insurance
The application process consists of four stages:
- Online application
- Video interview
- Essay submission
- Assessment Centre
For this role, you can be based in either the London or Edniburgh offices.