Graduate Recruitment
![Desk Office Shot](/sites/default/files/styles/max_325/public/2022-10/4K4A1267.jpg?itok=NVxohfZy)
Capital Economics is looking for capable and highly motivated economists to join the company as trainees. Suitable candidates must have the enthusiasm and determination to succeed as applied macroeconomists. They must be able to learn quickly, write clearly and work to tight deadlines.
They are likely to be undergraduates in their last year at university, studying economics or a closely related subject. Applicants should have or expect to achieve either a first class degree or strong upper second class degree. Applications from candidates who have limited work experience and/or a Masters degree in economics are also welcome.
Successful applicants will benefit from a competitive salary, excellent on-the-job experience and training, sponsorship to study for a Masters degree or other qualification, and opportunities to develop their career as a macroeconomist within the firm.
At Capital Economics, we are committed to equality, inclusion and diversity, which we believe are critical to help us make better decisions for the company, our employees and our clients. This is particularly important in macroeconomic research, which relies on a diversity of views and opinions to be relevant and insightful. With this in mind, we encourage applications from all candidates regardless of ethnicity, religion or belief, gender, sexual orientation, age, disability or gender identity.
The graduate scheme for September 2025 start date will open in Autumn 2024.
Graduate Staff Profiles
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Andrew Wishart
Senior UK Economist
Having joined Capital Economics via the graduate scheme in 2015, Andrew spent three years working on the UK Economics service, he now runs the UK Housing Service. Prior to joining Capital Economics, Andrew worked in the Macroeconomic Analysis team at HM Treasury covering GDP and inflation. Andrew holds a Master’s degree in Economic History from the London School of Economics and an undergraduate degree in Economics from the University of Surrey
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Liam Peach
Senior Emerging Markets Economist
Liam Peach is a Senior Emerging Markets Economist leading our coverage of Emerging Europe and contributing to our Emerging Markets Overview service. Liam joined Capital Economics in 2017 and has developed a strong track record at forecasting the economies of Russia and Central and Eastern Europe. He regularly presents to clients and his views are frequently sought after by global media organisations, including the Financial Times, Bloomberg and the BBC. Liam previously worked as an economist at the UK Office for National Statistics. He holds a BSc in Economic and Econometrics from the University of Bristol and an MSc in Economics from City, University of London.
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Jack Allen-Reynolds
Deputy Chief Euro-zone Economist
Jack Allen-Reynolds is our Deputy Chief Euro-zone Economist and has nearly a decade’s experience analysing the euro-zone economy and ECB. He regularly presents to clients on the economic and financial market outlook, and comments on economic developments in the media. Before joining the company in 2013, he worked as a Portfolio Manager at the Bank of England and an Assistant Economist at HM Treasury. Jack has degrees in Economics from the University of Sheffield and Economic History from the London School of Economics.
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Lily Millard
Assistant Economist
Lily is an Assistant Economist and joined Capital Economics on the graduate scheme in September 2023. Prior to joining, she completed an internship at the Australian Chamber of Commerce and Industry with the International Affairs team. Lily has degrees in Economics and International Relations from the Australian National University.
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Kieran Tompkins
Climate and Commodities Economist
Kieran is a Climate and Commodities Economist and has been with Capital Economics since 2020. He has worked across our Global, UK, and Markets teams and currently sits on our Climate and Commodities desk, primarily contributing to our Energy and Metals coverage. Kieran’s work has been featured in leading media outlets including the BBC, Bloomberg and the Financial Times. He holds a BSc in Economics from the University of Exeter, and an MSc in Economics from City, University of London.
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Franziska Palmas
Senior Europe Economist
Franziska Palmas is a Senior Europe Economist with an expertise in the German and Italian economies. She joined the company in 2018 and previously worked on the Global Markets team with a focus on European markets. She holds an undergraduate degree in Business Administration and Economics from the University of Passau (Germany) and masters degrees in Economics and Economic History from Barcelona School of Economics and London School of Economics. She is a native Italian and German speaker.
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Leah Fahy
Assistant Economist
Leah is an Assistant Economist and joined Capital Economics on the graduate scheme in September 2022. Prior to joining Capital, she completed a summer internship at CPP Investments with the International Europe team. Leah has a degree in Philosophy, Politics and Economics from Oxford University.
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Simon MacAdam
Deputy Chief Global Economist
Simon MacAdam is the Deputy Chief Global Economist at Capital Economics. He joined the company in 2015 as part of the graduate scheme and has worked across the company covering the UK, commodity markets and global financial markets, before joining the Global Economics team in early 2017. He holds a BA in Philosophy, Politics and Economics from Durham University, and an MSc in Economic History from the London School of Economics and Political Science.
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Bradley Saunders
Bradley Saunders joined Capital Economics in September 2022 as an Assistant Economist on the graduate training scheme. He currently works on our Emerging Markets desk, where he writes primarily for the Emerging Markets Economics service. Bradley has formerly covered the euro-zone economies, commodity markets and financial markets. He holds a degree in Economics from the University of Bath.
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Nicholas Farr
Emerging Europe Economist
Nicholas has been with Capital Economics since September 2020 and sits on the Emerging Markets team. In his time at Capital Economics, Nick has researched and written extensively on financial market issues, ranging from the outlook for Chinese equities to how stocks and bonds have historically performed in times of war. Nick has been frequently cited by the world's leading media outlets, including The Times, the Australian Financial Review and Reuters. He is a graduate of the University of Bath.
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Olivia Cross
North America Economist
Olivia Cross is a North America Economist who joined the Capital Economics graduate training scheme in September 2021. She previously spent a year on placement at the company as part of her undergraduate degree. Olivia holds a degree in Economics with Politics from Loughborough University.
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James Reilly
Senior Markets Economist
James is a Senior Economist on our Markets desk, contributing primarily to the Asset Allocation and Capital Daily services. He joined Capital Economics in 2021, having previously worked within the multi-asset division of Schroders. James holds a degree in Economics from the University of Bath.
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Giulia Bellicoso
Assistant Economist
Giulia Bellicoso joined the Graduate Training Program in September 2022. Before joining the company, Giulia was working as an intern in the macroeconomics department of Euromobiliare Advisory SIM, a wealth management company based in Milan. She holds an undergraduate degree in International Economics and Finance and a master’s degree in Economic and Social Sciences from Bocconi university. While studying, she took part in the exchange program at the Yale-NUS college in Singapore, and she worked as a Research Assistant for the Bocconi finance research center, BAFFI CAREFIN. She speaks fluent Italian, Spanish and French.
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Elias Hilmer
Assistant Economist
Elias joined Capital Economics in September 2023 as an Assistant Economist on the graduate training scheme. He currently works on our Emerging Markets team. Elias holds a MSc in International Political Economy from the LSE, a MSc in Public Economics from the Free University of Berlin and a BSc in Economics and Social Sciences from the University of Cologne (Germany).
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Joe Maher
Assistant Economist
Joe Maher joined Capital Economics in September 2023 as an Assistant Economist on the graduate training scheme. He currently works on our Climate and Commodities team. He holds a degree in Economics from the University of Warwick.