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Economic Modelling Jobs in Chicago, IL (NOW HIRING)

AbbVie

Senior Manager, Value Analytics

Mettawa, IL · On-site

$109K/yr

Health economics * economic modelling and budget impact analysis * Working hands-on knowledge of EXCEL for the development of economic models and/or BIMs including VBA * Evidence-synthesis

AbbVie

Senior Manager, Value Analytics

Mettawa, IL · On-site

Health economics * economic modelling and budget impact analysis * Working hands-on knowledge of EXCEL for the development of economic models and/or BIMs including VBA * Evidence-synthesis

AbbVie

Senior Manager, Value Analytics

Mettawa, IL · On-site

Health economics * economic modelling and budget impact analysis * Working hands-on knowledge of EXCEL for the development of economic models and/or BIMs including VBA * Evidence-synthesis

AbbVie

Senior Manager, Value Analytics

Mettawa, IL · On-site

Health economics * economic modelling and budget impact analysis * Working hands-on knowledge of EXCEL for the development of economic models and/or BIMs including VBA * Evidence-synthesis

NiSource

Director Generation Planning

Merrillville, IN · On-site

... modelling and scenario planning in wide and diverse stakeholder environment. Preferred Additional Qualifications for Position * Master's Degree in Economics, Data Science or a related field Physical ...

Brookfield

Lead Capital Actuary

Chicago, IL · On-site

$165K - $198K/yr

Embed capital metrics and modelling into strategic management decision-making * Own the operation ... Understanding of different accounting standards - US GAAP, US STAT, Economic, etc * Exposure to ...

Dentsu Aegis Network

Manager, FP&A

Chicago, IL · On-site

$108K - $142K/yr

Bachelor degree in Finance, Accounting, Economics, or related field; MBA or CPA preferred. * 5+ ... Knowledge oflaborcost management, resource allocation modelling, and revenue forecasting ...

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All JobsEconomic Modelling JobsEconomic Modelling Jobs in Chicago, IL

Economic Modelling information

See Chicago, IL salary details

$31.9K

$75.5K

$133.9K

How much do economic modelling jobs pay per year?

As of Aug 21, 2026, the average yearly pay for economic modelling in Chicago, IL is $75,469.00, according to ZipRecruiter salary data. Most workers in this role earn between $54,100.00 and $89,600.00 per year, depending on experience, location, and employer.

What is economic modelling?

Economic modelling is the process of creating mathematical frameworks and simulations to represent economic processes, relationships, or systems. These models help economists analyze complex scenarios, forecast outcomes, and evaluate the impact of policy decisions or market changes. Economic models can be simple or highly complex, depending on the variables and assumptions involved. They are widely used in government, academia, and business to guide decision-making and understand economic dynamics.

What are some common challenges faced by professionals in economic modelling roles, and how can they be addressed?

Economic modelling professionals often encounter challenges such as managing incomplete or inconsistent data, adapting models to rapidly changing economic conditions, and effectively communicating complex findings to non-technical stakeholders. Addressing these issues typically involves collaborating closely with data analysts and subject matter experts to enhance data quality, staying current with economic trends, and developing strong presentation skills to translate technical results into actionable business insights. Proactively seeking feedback and participating in cross-functional teams can also help in overcoming these challenges and delivering impactful work.

What are the key skills and qualifications needed to thrive as an economic modeller, and why are they important?

To thrive as an Economic Modeller, you need a strong background in economics, mathematics, and statistical analysis, often supported by a degree in economics or a related field. Proficiency with technical tools such as Excel, statistical software (e.g., Stata, R, or Python), and econometric modelling platforms is typically required. Strong analytical thinking, attention to detail, and the ability to communicate complex findings clearly help individuals stand out in this role. These skills are crucial for producing accurate forecasts, informing policy or business decisions, and effectively conveying model insights to stakeholders.

What is the difference between Economic Modelling vs Data Analyst?

AspectEconomic ModellingData Analyst
Required CredentialsDegree in Economics, Finance, or related field; often requires advanced degreesBachelor's or Master's in Data Science, Statistics, or related field
Work EnvironmentResearch-focused, often in finance, government, or consulting firmsBusiness or tech companies, analyzing large datasets
Employer & Industry UsageUsed in economic forecasting, policy analysis, financial modelingUsed in marketing, operations, and business intelligence

Economic Modelling and Data Analysts both work with data, but Economic Modelling focuses on creating economic forecasts and financial models, often requiring advanced economics knowledge. Data Analysts interpret data to inform business decisions, typically with a stronger emphasis on data manipulation and visualization. While overlapping skills exist, their primary applications and industries differ.

What do economic models do?

Economic modelling involves creating mathematical or computational representations of economic systems to analyze and predict economic behavior and outcomes. Economic modelers use data analysis, statistical tools, and software to inform decision-making, policy development, and strategic planning.

What are popular job titles related to Economic Modelling jobs in Chicago, IL?

For Economic Modelling jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Economic Modelling jobs in Chicago, IL look for?

The top searched job categories for Economic Modelling jobs in Chicago, IL are:

Economic Modelling jobs near you
Infographic showing various Economic Modelling job openings in Chicago, IL as of August 2026, with employment types broken down into 91% Full Time, 8% Part Time, and 1% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $75,469 per year, or $36.3 per hour.

Senior Manager, Value Analytics

AbbVie

Mettawa, IL • On-site

$109K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 19 days ago

AbbVie rating

8.6

Company rating: 8.6 out of 10

Based on 101 frontline employees who took The Breakroom Quiz

15th of 86 rated pharmaceutical

Job description

Company Description
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.
Job Description
Role is responsible for designing and executing evidence-synthesis, health economic models. Position applies methodological and analytical expertise to understand the value of AbbVie products and how best to demonstrate this. Role will strategically and effectively communicate, and tailor generated evidence to multiple stakeholder audiences.
Qualifications
  1. Develop core global Systematic Literature Reviews (SLR), Indirect Treatment Comparison (ITC) and Health Economic Models (HEM) for HTA, payer and other Access stakeholders assessments, submissions and negotiations.
  1. Support of affiliates with local adaption of the Global Models (ITC, HEM), coordinate data requirements across biostatistics and evidence generations functions (Clinical Development; HEOR and Medical Affairs) to support Pricing & Reimbursement
  1. Contribute to the development of ITCs and HEMs to inform value proposition, development, pricing and commercial strategic forecast and decisions.
  1. Share best practices and key learnings across affiliates and cross-functional partners.
  1. Join evidence modelling teams (cross-functional and multi countries) supporting the evidence modelling team lead to source affiliate and other stakeholder needs and co-create solutions.
  1. Join Value & Access Team (VAT) and other cross-functional teams as required.
  1. Use analytical techniques leveraging available clinical data and published information to inform pricing and market access strategy.
  1. Collaborate with the Data and Statistical Sciences (DSS) team for trial analyses, HTA challenges, and statistical analyses of clinical trial data.

Qualifications
  1. Advanced degree MS/MSc/Mphil/MPH (required) or PhD (preferred) in Health Economics, Epidemiology, Statistics, Biostatistics, Public Health, Econometrics, or other related field
  1. At least 3 years relevant experience in consultancy or pharmaceutical industry
  1. Excellent communication, collaboration and project management skills
  1. Understanding of both health economics and evidence-synthesis disciplines as relevant to HTA, pricing, reimbursement, and value assessment
  1. Experience interacting with and/or delivering submissions to HTA agencies, or other payer or decision-making bodies is highly desirable.
  1. Skills and experience within one of the following core capabilities of the Value Analytics Center
  • Health economics
  • economic modelling and budget impact analysis
  • Working hands-on knowledge of EXCEL for the development of economic models and/or BIMs including VBA
  • Evidence-synthesis
  • Designing SLR search strategies, conducting feasibility analysis for Indirect comparisons
  • Critically appraise reporting of SLRs and ITC/NMAs
  • Statistics
  • HTA-relevant statistical methodologies, for example indirect treatment comparisons, survival analysis, or utility estimation.
  • Working knowledge of statistical and data processing software (R preferred)

Additional Information
Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:
  • The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.
  • We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
  • This job is eligible to participate in our long-term incentive programs.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law.
AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.
US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html
US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:
https://www.abbvie.com/join-us/reasonable-accommodations.html

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About AbbVie

Sourced by ZipRecruiter

AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health, and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube, and LinkedIn.

Industry

Scientific research and development services

Company size

10,000+ Employees

Headquarters location

North Chicago, IL, US

Year founded

2013

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