Economic & Financial Consulting

What We Do

Our team of consultants come from a wide variety for academic backgrounds. At FTI they develop skills in economics and finance whilst drawing on their problem-solving and analytical skills to answer a range of questions for high-profile clients.

We specialise in two main areas:

  1. providing valuation advice about anything from large public companies to patents and trademarks. We do all types of work, but in particular we are the leading firm in advising on valuation issues before courts and tribunals all around the world; and
  2. economic regulatory advice, where we apply economic theory and in-depth experience to offer advice to both regulators and regulated companies on a wide range of issues.

We have offices in cities across the world, with more than 280 staff worldwide. In London, our EFC practice has more than 150 people and each year we look to recruit around 15 graduates from any degree background.

Examples of questions our clients have asked us:

  • What impact did Uber have on the earnings of Black Cab drivers in London?
  • What is a fair way to distribute money from streaming service royalties to music artists?
  • How much extra cost did the NHS incur because a generic drug was kept off the UK market by an invalid patent?
  • How much is the brand name of a premiership football club worth?
  • What is the value of an airport in South Africa?
  • Do US stock exchanges undervalue Chinese companies?
  • As part of the Foskett Panel, how much compensation should business owners receive after they were wrongly made to close by Lloyds Bank?
  • Does an econometric analysis of a European bank’s share price indicate that it was affected by the release of inside information?
  • How large are the benefits of subsidising rural broadband networks in Europe?

Read our EFC Recruitment Brochure

 

What You Will Do

Our graduates play a key role in our project teams by performing industry research and developing the knowledge and experience to perform detailed economic analysis and financial modelling to solve interesting questions. They benefit significantly from working closely with managers and other team members in small teams, as well as from direct exposure to some of the top experts in the industry.

After comprehensive training, some of your day-to-day tasks will include:

  • Preparing and reviewing financial models, using Excel and financial databases such as Bloomberg and CapitalIQ
  • Using statistical software packages to perform econometric analysis of industry and market data
  • Researching companies, markets or geographies to understand what industry features are relevant to the project
  • Reviewing the regulatory landscape and drawing parallels with our client’s industry
  • Summarising your work in emails or memos, clearly presenting your results and drawing out the implications
  • Taking responsibility for the quality of the final product

What We Offer You

As a graduate you will have the opportunity to apply your intelligence and critical thinking skills to stimulating economic, financial and business issues across many different industries.

You will be supported through professional qualifications to become a Chartered Accountant (ACA) or a Chartered Financial Analyst (CFA). In addition, we have a comprehensive in-house learning and development programme. As you take on new responsibilities, your training will help you develop into an effective and professional consultant.

You will receive a competitive starting salary of at least £42,000, a signing bonus, annual performance-based bonuses and a comprehensive benefits package. We also offer a well-defined career path with regular appraisals and opportunities for accelerated promotion for star performers.

There may also be the opportunity for secondment to our international offices (in Paris, Dubai, Hong Kong, Singapore, Seoul, Toronto or South Africa). Our people are also encouraged to provide pro-bono support to charities and contribute to other outreach projects.

We also offer summer internships and 12-month industry placements.

Summer Internship

Applications for our 8-week Summer Internship will open in September. As an intern, you will have the opportunity to apply your intelligence and analytical skills to stimulating economic, financial and business issues across many different industries. Our interns will have the opportunity to experience a variety of different projects across a range of industries.

12-month year in industry

EFC also offers a 12-month internship for students on courses which require an industry placement. Every year we take on up to 5 students, who get to experience life as a graduate at FTI.

How to apply

1

Round 1 – Online Application

The deadline for the Industry Placement Year is 4th November 2022.

The deadline for the Graduate Scheme is 18th November 2022.

The deadline for the Summer Internship and Future Leaders Internship is 31st January 2023.

2

Round 2 – Online Assessment

3

Round 3 – Assessment Centre/Interviews

Candidates are advised that different roles at FTI Consulting have different application requirements. In order to be considered for these roles at EFC, candidates must:

  • Upload their CV (cover letters and other documents are not required)
  • Answer the motivation question (provided when online tests are sent out) in less than 200 words

Graduate Scheme Requirements:

  • Numerate, logical and inquisitive team players from any degree subject
  • Ability to think independently and creatively
  • Ability to demonstrate their quantitative skills, whether academically or in other ways

Industry Placement Requirements:

  • Candidates must be available for a 12-month placement in our London office, from September 2023 to August 2024.
  • Applicants should be studying a sandwich course
  • Numerate, logical and inquisitive team players from any degree subject
  • Ability to think independently and creatively
  • Must be able to demonstrate their quantitative skills, whether academically or in other ways

Summer internship Requirements:

  • Candidates must be available for an 8-week internship at our London office during the summer of 2023. Applicants should be in their penultimate year of study
  • Numerate, logical and inquisitive team players from any degree subject
  • Ability to think independently and creatively
  • Candidates must be able to demonstrate their quantitative skills, whether academically or in other ways

Opportunities

Consultant
2023 Consultant – Economic & Financial Consulting London Apply

Summer Internships & Undergraduate Placements
2023 Summer Internship – Economic & Financial Consulting London Apply
2023 Industry Placement Year – Economic & Financial Consulting London Apply
2023 Future Leaders Internship – Economic & Financial Consulting London Apply

Andrew Chin

Director
MSc Finance at Imperial College London; BSc Economics at Warwick
Joined 6 years ago

My managers constantly encourage me to think critically about new conceptual problems, rather than continually reapplying past analysis. Each problem we tackle is different and requires us to develop new frameworks, make judgements on what evidence is needed, and structure convincing arguments. As I’ve gained more experience, I have been able to take more responsibility for the direction of the project and how we are going to approach the problem. For example, on a recent project with a European transport regulator, I decided on the structure and wrote the majority of the final report.

I’ve been working in EFC at FTI Consulting for several years, and what I’ve most appreciated is the ability to work across a wide range of topics and industries.

My experience has ranged from valuing music rights for songs played in live music venues in East Asia to evaluating the impact of electricity interconnector investment options in Australia. When I first joined EFC, I started by working predominately on disputes, while more recently I have done more economic regulatory projects. I have found that generally EFC tries to accommodate what type of work you would like to do.

In those years, as well as working across different industries, I’ve built up a number of skills: on some projects I’ve built complex financial models, while on others I’ve focused on writing reports and responding to arguments in legal disputes. In some projects I’ve had to present to large groups of stakeholders or explain complex issues directly to the client. The expectation at FTI Consulting is that you’ll progress every year, and I feel that I’m pushed to take on more responsibility all the time.

My managers constantly encourage me to think critically about new conceptual problems, rather than continually reapplying past analysis. Each problem we tackle is different and requires us to develop new frameworks, make judgements on what evidence is needed, and structure convincing arguments. As I’ve gained more experience, I have been able to take more responsibility for the direction of the project and how we are going to approach the problem. For example, on a recent project with a European transport regulator, I decided on the structure and wrote the majority of the final report.

Project: Advising a bidder for a European rural broadband roll out plan

Background to the project

In 2010, the European Commission set out ambitious targets for universal coverage of high-speed broadband. In response to this, a large European country devised a rural broadband rollout plan to support the deployment of fibre broadband infrastructure to homes not covered by commercial deployments, with the objective of finding a private sector operator to design, build and operate the network. The country in question ran a competitive tender to find a partner to deliver this network.

EFC advised one of the bidding parties, offering support in a range of areas, including forecasting commercial revenues for the project, advising on the design of the contractual framework, supporting the bidder in negotiations with the state and providing the commercial due diligence report used to engage private investors in the project.

We also worked closely with colleagues in FTI Consulting’s Corporate Finance practice, who used their industry expertise to help develop key assumptions used in the bidder’s financial model.

My role

I was responsible for developing the analysis that forecast the revenues the bidder would be expected to earn over the period of the contract. This model used demand projections, forecasts of expected population growth, and predicted regulatory prices to estimate the revenues from multiple broadband products the bidder planned to offer consumers over several decades. I constructed the model and, as the project progressed, I added multiple scenarios and dashboards to present the results to the client.

I was relied on by the rest of the team to explain the mechanics and results of the model I had built to key members of the client team. I also travelled to Europe with the team on a number of occasions to present our findings (including the forecasts I had produced) to the bidder and to the government of the European country involved.

Awards & Recognition

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