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Graduate Staff Profiles

  • Adam Hoyes

    Adam Hoyes

    Assistant Economist

  • Bachelor’s degree, University and course: University of Bath, BSc Economics
  • Master’s degree, University and course: London School of Economics, MSc Economic History
  • Capital Economics Graduate Scheme, applicable dates: September 2020 – Present

Why did you apply to join the Capital Economics graduate scheme?

I spent a year with Capital Economics on placement as part of my bachelor’s degree and found that I loved the work! I found it fascinating to apply what I’d learnt in my studies to current events and work out what the key takeaways are for clients. The opportunity to rotate around different teams was also a big attraction. I knew from my placement how useful it can be for professional development to cover multiple different economies and markets, and experience different team cultures.

What have you worked on while on the graduate scheme?

My four rotations on the graduate scheme have been with the Global Markets, Commodities, UK and India teams. During that time I’ve worked on a wide variety of topics. To name a few, I’ve written about the market implications of the result of the US election, taken a lead on proposing forecasts for precious metals prices, developed a new process for forecasting how utility prices might influence UK inflation, and investigated how the war in Ukraine could influence India’s external position.

What is the most rewarding or surprising aspect of your role at Capital Economics?

Perhaps the most surprising part of the role is how fast-paced the job can be when responding to central bank announcements or economic data releases. Trying to interpret what has happened and what it means for our forecasts, sometimes within just 10-15 minutes, is both challenging and exciting. One of the most rewarding aspects of the role is getting non-consensus calls correct. Knowing that the extra work you put in to producing a forecast that challenged the conventional wisdom and gave clients a better insight into what’s really going on in an economy or market is particularly satisfying.

What Msc course are you doing?

I’m currently studying for an MSc in Economic History at the London School of Economics. We often use historical examples when trying to understand the implications of recent developments, and content covered on the course helps me to draw parallels between the past and present. I also felt that improving my knowledge of economic history would complement the more quantitative nature of my undergraduate studies.