1

Economic Modeling Jobs in Illinois (NOW HIRING)

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

College Economics Tutor

Dekalb, IL · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

College Economics Tutor

Normal, IL · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

College Economics Tutor

Skokie, IL · Remote

$18 - $40/hr

Skilled at breaking down mathematical economic modeling, graphical analysis, and policy evaluation. Guides students through deriving demand curves from utility functions, analyzing firm behavior ...

next page

Showing results 1-20

Economic Modeling information

See Illinois salary details

$32K

$104.3K

$144.9K

How much do economic modeling jobs pay per year?

As of Aug 24, 2026, the average yearly pay for economic modeling in Illinois is $104,261.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,200.00 and $112,900.00 per year, depending on experience, location, and employer.

What is economic modeling?

An Economic Modeling job involves using mathematical and statistical techniques to analyze economic data, forecast trends, and evaluate policies or business decisions. Professionals in this role develop models to simulate economic scenarios and assess the potential impact of various factors, such as policy changes, market fluctuations, or consumer behavior. They work in industries like government, finance, consulting, and academia to provide data-driven insights that support decision-making. Strong analytical skills, proficiency in software like Python, R, or Excel, and a background in economics or finance are typically required.

What are the key skills and qualifications needed to thrive in economic modeling?

To thrive in Economic Modeling, a strong background in economics, statistics, and mathematics is essential, typically supported by at least a bachelor's degree in a quantitative field. Familiarity with econometric software and programming languages such as R, Python, SAS, or Stata is highly valued, along with certifications in data analysis or applied economics. Strong analytical thinking, attention to detail, and the ability to communicate complex findings clearly are crucial soft skills for this role. These skills enable professionals to develop accurate models and deliver actionable insights that support evidence-based decision-making in business or policy.

What are the common challenges faced in economic modeling?

One of the primary challenges in Economic Modeling is ensuring the accuracy and reliability of complex forecasts in the face of uncertain or incomplete data. Economic modelers must regularly update and recalibrate models to reflect changing market conditions, regulations, and global events. Collaboration with data analysts, business leaders, and policy experts is often required to validate assumptions and interpret results. Successfully balancing theoretical rigor with practical application is key, and continuous learning is important for staying current with new modeling techniques and technologies.

What do economic modeling do?

Economic modeling involves creating mathematical representations of economic systems to analyze and forecast economic behavior, policy impacts, and market trends. Economists use tools like statistical software and data analysis to develop these models, which support decision-making in finance, government, and business environments.
Infographic showing various Economic Modeling job openings in Illinois as of August 2026, with employment types broken down into 94% Full Time, 5% Part Time, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $104,261 per year, or $50.1 per hour.

Global Health Economics & Outcomes Research Lead

Abbott

Lake Forest, IL

Full-time

Medical, Life, Retirement

Re-posted 18 days ago


Abbott rating

7.8

Company rating: 7.8 out of 10

Based on 138 frontline employees who took The Breakroom Quiz

174th of 544 rated manufacturers


Job description

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries.JOB DESCRIPTION:

Global Health Economics & Outcomes Research (HEOR) Lead

Value, Access, & Outcomes (VAO)

Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You'll also have access to:

  • Career development with an international company where you can grow the career you dream of.

  • Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.

  • An excellent retirement savings plan with a high employer contribution.

  • Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor's degree.

  • A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.

  • A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

The Global Health Economics & Outcomes Research (HEOR) Lead will

work on site daily from our Lake Forest, IL location in the InfectiousDisease Business Unit in Abbott Diagnostics. This position reports to the Head of Value, Access, & Outcomes within the Medical & Scientific Affairs organization.

We're empowering smarter medical and economic decision-making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott's diagnostics instruments, providing lab results for millions of people.

What You'll Work On

The Global Health Economics & Outcomes Research (HEOR) Lead will lead the development and execution of global HEOR strategies, ensuring effective implementation across markets to support Abbott's Infectious Disease Rapid Diagnostics portfolio. This role is a key leader within the Value, Access, and Outcomes (VAO) organization, responsible for generating compelling economic, clinical, and operational evidence from pipeline and throughout the product lifecycle.

This role partners closely with cross-functional stakeholders to develop and optimize Integrated Evidence Plans (IEPs) to support reimbursement and funding, policy decision-making, and value communications across the portfolio.

The Global Health Economics & Outcomes Research Lead designs and oversees a comprehensive range of HEOR strategies and tactics, including real-world evidence (RWE) studies, outcomes research, and health economic modeling (e.g., cost-effectiveness and budget impact analyses), ensuring robust evidence generation that demonstrates the clinical, economic, and operational value of Abbott's point-of-care rapid diagnostics.

HEOR & Evidence Strategy Leadership

  • Define and lead the global HEOR and RWE strategy aligned with business priorities across pipeline and on-market diagnostic products

  • Ensure early integration of HEOR into product development, clinical strategy, and lifecycle management

Evidence Generation & Execution

  • Leads the design and execution of HEOR evidence generation, including real-world evidence studies, health economic modeling, andoutcomesresearch such as workflow efficiency, healthcare resourceutilization, and patient-reported outcomes

  • Integrate clinical and operational outcomes into evidence strategies to demonstrate real-world impact

  • Leadevidencesynthesis activities, including systematic literature reviews, meta-analyses, and indirect treatment comparisons

  • Evaluate existing evidence generation assets (e.g., economic models) to assess methodological rigor and identify opportunities for enhancement across the product lifecycle

  • Translate model outputs into stakeholder-ready insights, incorporating market feedback to refine analyses, and ensure relevance for access decision-making

Cross-Functional & External Leadership

  • Partner with Market Access, Medical Affairs, Clinical Development, Regulatory, Marketing, and Commercial teams to ensure alignment of evidence strategy with product objectives

  • Engage external stakeholders, including key opinion leaders, payers, and academic partners, to inform evidence strategies and ensure relevance

  • Lead and collaborate with external vendors to deliver high-quality, evidence-based studies and models

Publications & Scientific Communication

  • Lead HEOR publication strategy, including congress presentations and peer-reviewed manuscripts

  • Ensure timely dissemination of evidence to internal and external stakeholders

  • Translate complex HEOR findings into clear, actionable insights for cross-functional teams

Required Qualifications

  • Advanced degree in health economics or related discipline

  • Minimum of 10 years of relevant experience with a master's degree.

  • Minimum 10 years in HEOR, Market Access, or health policy within pharma, MedTech, consulting, or CRO, with demonstrated success in influencing global payer decision-making

  • Proven leadership in designing, implementing, and publishing HEOR/RWE studies and economic models that shaped reimbursement or access outcomes

  • Deep understanding of HTA processes, payer evidence requirements, and healthcare financing systems globally (US, EU, and beyond)

  • Strong record of external engagement (HTA, payer advisory boards, academic partnerships, scientific congresses)

  • Experience leading cross-functional and international projects Excellent communication and influencing skills with senior internal and external stakeholders

Preferred Qualifications

  • PhD with strong focus in Health Economics or similar.

  • At least 10 years of experience in pharmaceuticals, medical devices, diagnostics, or point-of-care diagnostics, with strong knowledge of the healthcare industry

  • Diagnostics and/or medical device experience

  • Demonstrated expertise in health economic modeling, scientific analytics, and evidence generation

  • Results-oriented with excellent project management and organization

  • Experience working globally across diverse markets

  • Proven leadership skills with ability to influence in a complex, matrixed organization

  • Strong communication and collaboration skills

  • Intellectual agility and ability to navigate ambiguity

  • High degree of professionalism and integrity

  • Infectious Diseases experience

  • Track record of peer-reviewed publications

Apply Now

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: https://abbottbenefits.com/

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Connect with us at abbott.com, on LinkedIn at https://www.linkedin.com/company/abbott-/, and on Facebook at https://www.facebook.com/AbbottCareers.

The base pay for this position is

$129,300.00 - $258,700.00

In specific locations, the pay range may vary from the range posted.

JOB FAMILY:Market AccessDIVISION:ID Infectious DiseaseLOCATION:United States > Lake Forest : J55ADDITIONAL LOCATIONS:WORK SHIFT:StandardTRAVEL:Yes, 5 % of the TimeMEDICAL SURVEILLANCE:NoSIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdfEEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf

What Abbott employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom