Search the site


Research Analyst - Masters Economics

Posted 14 May 2021

The Opportunity

Our London office is looking for a Masters Economics Graduate to drive the continual improvement in our models and methods. The candidate can start upon graduation from their Masters, which can be from June to September 2021. Candidates with some work experience, or previous Internship experience are welcome.

CRU covers the world’s mining, metals, and fertilizer industries.   Our stories really come to life when backed by a strong methodology and come with an estimate of the economic impact. Therefore, CRU’s experts use models to create powerful data sets including forecasts and scenarios on production, costs, demand, and prices. Our clients use the resulting analysis in making business decisions.  

We are looking for a creative and enterprising Economist who likes formalising and solving problems to delight clients. Working within the Product Improvement and Data Governance Team under CRU’s Research Director, Lavan Mahadeva, the successful candidate will use a high standard of economics to upgrade the key models that help our experts forecast and create data-rich stories. Their work is critical to the development, adoption and defence of the methodology and models used in the company. 

For the right candidate, this role is a great entry point into a career in the private sector, where an Economist can thrive by interpreting the economic data that increasingly drive key decision-making. The candidate will be at the heart of a dynamic, global business intelligence company and will learn about commodity markets, and progression within the team is encouraged and nurtured. This role gives variety and will allow someone to develop a wide array of transferable skills and will provide a great foundation to the start of a career. Visa Sponsorship can be provided, this is assessed on a case-by-case basis.

Some examples of projects addressed: 

  • Improvement of the methodology behind our fundamental exchange rate forecasts, adjusting for distinct stages of development and different monetary policies. Training non-economists in the explanation and application of the methodology in front of clients 
  • Re-estimating a medium-term steel demand model for 69 countries and 13 steel products. Monitoring of the performance of the model, and timely writing on actual events where the model helps provide insight 
  • Research into the flows and saturation of Chinese housing  This was formalised in a model forecasting construction demand for commodities, around which our teams coordinated to develop a powerful common story 
  • Modelling the economic impact of copper inventories on global copper prices for copper price forecasting 
  • Describing the sustaining capital expenditures of base metal mines using Bayesian Highest Density Intervals 
  • Re-building analysts’ Excel models so that they suit the business needs and enable more creative work 

What could the day-to-day work look like? 

  • Listen and question users and clients, research, understand, and finally formalise the problem 
  • Plan and design a solution that significantly and sustainably improves on the previous algorithm and model 
  • Write documentation, client presentations and insights 
  • Research, keep up to date, and implement new methodologies 
  • Actively get to know CRU’s Analysts and Consultants all over the world and understand their challenges and successes
  • Train colleagues in methodologies. Promote good methodologies and good practices internally and externally 

About you – What skills and experience are we looking for?


What kind of economist might you be? 

  • A good Master's degree in Economics and some experience in applied problem solving 
  • Able to formalise ideas into maths, and explain maths in words
  • Recognises that the writing and presenting of the answers and communicating on the steps are as important as solving the problem itself 
  • Able to learn and adapt any applied economic and statistical technique to fit the problem 
  • Not wedded to econometric techniques that only work on long time series
  • Up for the challenge of making sense of the messiness of the real world while still being rigorous
  • Knowledge of Microsoft Office Suite, especially Excel 
  • Knowledge of R is a plus 
  • Enthusiastic about applying economics to commodity markets and their supply chains 

What kind of person might you be?  

  • Someone who thrives working in a team and is curious about your colleagues' work, successes and challenges 
  • Someone who is intellectually curious, eager to learn and push forward their own boundaries 
  • Someone who can easily switch between working on high attention to detail and quality, and working on simplifying complexity and extracting and presenting the vision to others with clarity and energy 
Apply for this role here