Life Sciences - Economics & Investment Strategy - Principal Consultants or Managing Consultants

Become part of the team

Our life sciences economics & investment strategy team combines strategy, economic and financial expertise, and experience to support the pharma industry. Across the healthcare and life sciences sectors, pharmaceutical companies, healthcare providers and governments need to assess the economic, financial and commercial strategies for drug and device use as part of the healthcare system.

We are looking to build a team to work at the cutting edge of pharma and life sciences – supporting economic assessments, value-based pricing and driving innovation into how reimbursement works. This is an opportunity to help build a new business as part of a wider life sciences practice and in a supported environment.

What we're looking for

The two roles we are recruiting for are at the Principal Consultant and Managing Consultant levels.

As a Principal Consultant you will be expected to act as an Assignment Manager on small and medium-sized assignments, supervising small teams of two or three consultants and with responsibility for quality, profit, and project planning. You will also support selling activity and generate leads/referrals through your understanding of client needs.

As a Managing Consultant you will be part of our leadership team, taking new service propositions to the market as well as developing new business and strong client relationships whilst leading and delivering great work. At PA, we take a pragmatic view to solving client problems. Our Managing Consultants are not constrained by a narrow role description and take a hands-on, “roll up your sleeves” approach to do what is necessary to meet the client needs.  You should have a track record of successful project delivery working within a major professional services consulting firm however other backgrounds will be considered.

Skills and Knowledge:

  • Experience of economic appraisal to support pharma companies and central government
  • Understanding of current reimbursement models and potential future opportunities around value-based pricing
  • Experience of commercial strategies for pharma products
  • Understanding of datasets and methodologies used to quantify the costs and benefits of pharma investments, including wider economic benefits
  • Understanding of health economic methodologies and how these could apply to innovative products and services
  • Excellent written and oral communication skills, with the confidence to present work to senior clients
  • Experience working with Big 10 pharma companies with relationships in these companies
  • Experience of developing commercial models for large investments is desirable
  • Experience of working with multi-disciplinary teams to deliver tangible outcomes.
  • Degree or higher-level qualification in economics, finance or a related subject would also be an advantage:

Personal Qualities:

  • Passionate, determined, positive and goal-focused with a commitment to delivering excellence in all circumstances
  • Passionate about developing themselves technically, professionally, and behaviourally
  • Collaborative team player with strong interpersonal skills who builds great relationships with their colleagues and clients
  • Able to engage clients using a range of influencing skills and to be able to communicate technical concepts in a compelling and accessible way
  • Ability to be assertive and firm in their approach but has a flexible, calm, and professional demeanour
  • Commercially shrewd with strong business acumen
  • Private medical insurance
  • Transport allowance
    25 days annual leave with the opportunity to buy 5 additional days
  • Company pension scheme
  • Annual performance-based bonus
  • Life and income protection insurance
  • Tax efficient benefits (cycle to work, give as you earn, childcare benefits)
  • Voluntary benefits (Dental, critical illness, spouse/ partner life
About us

We believe in the power of ingenuity to build a positive human future in a technology-driven world.

As strategies, technologies and innovation collide, we create opportunity from complexity.

Our diverse teams of experts combine innovative thinking and breakthrough use of technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results.

An innovation and transformation consultancy, we are over 3,200 specialists in consumer, defence and security, energy and utilities, financial services, government, health and life sciences, manufacturing, and transport. Our people are strategists, innovators, designers, consultants, digital experts, scientists, engineers and technologists. We operate globally from offices across the UK, US, Europe, and the Nordics.

PA. Bringing Ingenuity to Life.


Private equity investment

PA agreed a private equity-style investment with Jacobs in March 2021, a global technical and professional services leader that is “Challenging today, Reinventing tomorrow”. PA and Jacobs have shared values that are based on always doing the right thing for our people, planet and clients; a strong purpose; a desire to make the world a better place; and a drive to help innovative organisations go further, faster.

The relationship with Jacobs will allow PA people to maintain ownership in our business, to act with the care of owners and to benefit from the value that we deliver. More than two-thirds of our people own shares in PA. And it will create new opportunities for our people to build their careers and do impactful work.

The investment from Jacobs sees The Carlyle Group exit their investment in PA after a successful five-year partnership. Together, we’ve built strong foundations that will let us continue to provide exciting new opportunities for our people and clients, and over the next five years grow our firm to more than £1 billion.

Since our founding in 1943, the story of PA has been one of ingenuity – ingenious work that grows businesses, delights customers, serves citizens and improves the health of the planet. As we turn the page with Jacobs, I’m excited by the opportunity to create new, and even better stories in the years ahead.

Inclusion & Diversity

We believe that diversity makes us a stronger firm and look to employ people with different ideas, styles and skillsets. This diversity stimulates a rich, creative environment – one in which our people develop, and our clients enjoy enduring results. We’re committed to recruiting, promoting and rewarding our people solely based on their ability to contribute to PA’s goals, without regard to their sex, race, disability, religion, national origin, ethnicity, sexual orientation, age or marital status.

We welcome international applications, but we are unable to offer sponsorship for work permits, so you will need to have the full right to live and work in the UK. Unfortunately, your application will be automatically rejected if you do not have these rights.

Should you need any adjustments to the recruitment process, at either application or interview, please contact us on

Job information

Firm: PA Consulting Group

Location: London



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