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 240 staff worldwide. In London, our EFC practice has more than 150 people.

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 Premier League 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 £45,000, a signing bonus, an annual discretionary bonus 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 was 31st October 2023 – APPLICATIONS FOR THIS ROLE ARE NOW CLOSED.

The deadline for the Graduate Scheme is 9th November 2023.

The deadline for the Summer Internship and Black Heritage Internship is 31st January 2024.

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. Your motivation response should include an understanding of our work, what you find interesting about it, and why your are suited to the role.

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 2024 to August 2025.
  • 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

APPLICATIONS FOR THE INDUSTRY PLACEMENT ARE NOW CLOSED.

Summer Internship Requirements:

  • Candidates must be available for an 8-week internship at our London office during the summer of 2024. 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

Black Heritage Internship Requirements:

  • Candidates must be of Black heritage
  • Candidates must be available for an 8-week internship at our London office during the summer of 2024. 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

Please note: for summer internship and Black Heritage internship applicants, as our deadline is 31st January 2024 we will review all applicants and be in touch after this date.

Opportunities

Charlie Colthorpe

Senior Consultant
BA Modern Languages (German and Italian) at Oxford.
Joined 4 years ago

I was attracted to EFC by the opportunity to learn about business and finance through diverse and challenging projects that would build my analytical skills. Since joining, I have found in-house training, studying for a professional qualification (I am currently studying towards the ICAEW Chartered Accountant (ACA) Qualification) and on-the-job learning have helped in building my skills and knowledge. Further, supportive and patient colleagues are interested in my development and take the time to explain new concepts. As a result, I have felt able to contribute positively from day one. I have also found that over time, I have grown in confidence to make better judgements and put forward more convincing arguments.

Even as a new joiner, the work is broad and involves research, quantitative modelling, report writing and more. What I have enjoyed most is the chance to work on varied projects in different industries, initially in the Economic Regulation team, and more recently focusing on economic and financial issues in legal disputes. For example, some of my projects have involved assessing the financial impact of a copyright infringement in the e-commerce industry; defective components in the automotive industry; a shareholder disagreement in the aviation industry; and the breaking of a contract in the pharmaceutical services sector. Working on high-profile, high-stakes disputes is engaging. Knowing that our work will be scrutinised and challenged by opposing experts means we have to be rigorous and precise in our approach.

Outside of work, I have enjoyed the regular social events on offer as well as volunteering opportunities. The firm regularly partners with charities and offers the chance to donate time, money or expertise to support various causes. For example, FTI’s award-winning ‘Experts in Schools’ program gives us a chance to use our skills to improve financial literacy and provide careers advice to children at local schools, which I find really rewarding.

Project: Assessing losses caused by fraud of a vineyard and wine production company. 

Background

The owners of a vineyard and wine production company were forced to sell their business because they were victims of fraud. FTI was engaged to assess the loss of value that this forced sale caused the owners, compared to if they had been able to keep the business. To do this we had to consider how the company would have performed if the fraud had never occurred. We projected the financial performance of the company and then used different business valuation techniques such as discounted cash flow (DCF) analysis and a consideration of similar companies in the industry to assess the value of the company that was sold.

The challenge of this project lay in dealing with uncertainty over how the company would perform in the future, particularly when the performance of the company after it was sold was very poor compared to the very optimistic business plan prepared by the original owners. We had to consider whether in their hands the business might have avoided this subsequent poor performance. It was interesting that the company was smaller than as our typical clients, which meant that we were working with much more limited information. We had to compare the company we were valuing to the value of larger, public companies and think about what adjustments might be necessary for our valuation.

My role

My role involved researching the company and building an understanding of what was going on in the industry. I assisted with building our financial models in Excel, in particular researching and supporting some of the key assumptions that would underpin our projections. To do this, I used public sources, industry reports and data from financial databases like Capital IQ. I then used these inputs to forecast the profits and cashflows of the company into the future.

The project challenged me to think critically about the business we were valuing and develop convincing and defensible assumptions for the different drivers of business value. I particularly enjoyed learning about how wine businesses work and thinking about how that would affect our financial modelling and valuation. It was rewarding applying knowledge from the ACA qualification to understand the company accounts and the dynamics of the wider market to assess, for example, how demand for wine would change over time.

Awards & Recognition

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