Economic Analyst at Abbott

North Chicago, Illinois, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Candidates must possess a degree in Economics, Finance, or a related field, with strong Excel skills and a demonstrated interest in economic and financial issues. Preferred qualifications include experience with econometric/statistics software, familiarity with diverse economic and financial data sources, strong written communication abilities for financial concepts, and 1-2 years of prior work experience in an economic or financial analyst role. The ability to work effectively both independently and in group projects, interacting with colleagues across functions and levels, is also required.

Responsibilities

The Economic Analyst will support Abbott's global businesses by applying statistical and financial analysis to public and private data, providing insights into market trends. Responsibilities include constructing and maintaining economic indexes, dashboards, and data visualization tools, as well as monitoring global financial markets and assessing related economic, healthcare, geopolitical, and industry risks. The role also involves contributing research, econometric analysis, and data visualization to department reports and communications.

Skills

Economic analysis

Financial analysis

Statistical analysis

Data visualization

Econometrics

Time series analysis

Excel

Market analysis

Financial markets

Healthcare economics

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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