gse consulting day 2010: nera economic consulting
DESCRIPTION
The Barcelona Graduate School of Economics Consulting Day brings representatives from top consulting firms to recruit BGSE students.TRANSCRIPT
Marcelo RabinovichEconomic Analyst
Barcelona
26 February 2010
NERA Economic Consulting
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Who is NERA?
NERA Economic Consulting is an international consulting firm which gives expert economic advice...
– specialised in the application of Microeconomics…
– for regulatory, competition, litigation and strategy problems …
– to corporations, regulators and international agencies.
Why we are different from other consulting firms
– We only work on projects in which Microeconomics knowledge is valuable
– We apply economic theory, so we are confident with our results
– We prepare reports (not presentations)
– We only work in our own office (not at the client’s)
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Where do we come from?
NERA is a division of the Oliver Wyman Group ($1,200 M in turnover), which in turn is a subsidiary of MMC ($12,000 M).
Marsh Guy Carpenter KrollOliver Wyman
GroupMercer HR
MMC
INSURANCE RISK CONSULTING
Oliver Wyman NERA Lippincott
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Where are we?
Our global team of more than 600 professionals operates in more than 20 offices across North America, Europe, and Asia Pacific.
Sydney
Tokyo
Chicago
DenverSan Francisco
Los Angeles
Boston
New York CityPhiladelphia
Washington, DC
White PlainsIthaca
MadridRome
FrankfurtLondon Brussels
Paris
Melbourne
Shanghai
Auckland
Beijing
Wellington
GenevaToronto
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What do we do?
Regulation and Industrial Organization
– How to design electricity markets?
– How to remunerate a regulated monopoly?
– How to design an auction?
Competition Policy
– What is the impact of mergers and acquisitions on competition?
– What is competitive behaviour?
– Is anyone behaving anti competitively?
Strategy
– Long run market behaviour
– Investment option values
– Optimal hedge of forward positions
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What do we do?
Litigation and arbitrations
– What is the value of the damage caused?
– Was the market distorted?
– Who should bear the cost of unforeseen events in a contract?
Transfer Pricing
– What is the contribution of the activities of a firm to its overall value?
– How should each activity be remunerated given its contribution to value?
– What is the value of a firm’s patents and brand names?
Intellectual Property
– What value has a creation for radio and TV shows? And for films?
– What is the rationale behind the behaviour of collecting societies ?
– How to remunerate creators for the private copying of their works?
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Who are our clients?
Companies
Law firms
International
AgenciesRegulators
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The keys of NERA’s success
A team of highly qualified professionals
A network of consultants with worldwide expertise
More than 45 years experience
Rigorous application of economic analysis
A commitment to quality
Reputation for independence
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How are we organised?
Sectors
– Electricity
– Natural gas
– Telecommunications
– Transport
– Water
– Health
– Finance
– Labour
Specialisations
– Competition Policy
– Market design
– Contracts design
– Tariffs design
– Auctions design and administration
– Transfer pricing
– Intellectual Property
– Damages valuation
Teams are organised by sectors and specialisations, which support each other.
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What are we looking for?
Academic requirements
– Master’s or PhD degree in Economics, preferably focused on Microeconomics or Industrial Organisation
– Fluent in (both written and spoken) English
– Knowledge of quantitative tools
Personal requirements
– Interested in Microeconomics
– Intellectual curiosity and willingness to learn
– Mental agility, creativity and intellectual rigour
– Team workers
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Careers at NERA
Researcher
Economic Analyst
Consultant
Senior Consultant
Associate Director
Director
Gathers data, reviews academic literature and regulations
Manages and analyses information and databases
Leads specific analysis and writes parts of reports
Leads projects, coordinates juniors’ work, writes reports, deals with clients
Determines the strategy in projects and manages clients and teams
Master’s in Economics
PhD or Master’s with relevant experience
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What do we offer?
The usual…
– Competitive salary package
– Good work environment
– Merit-based promotion
But also…
– Client-oriented applied-economics work
– Being at the edge of the regulatory and industrial policy developments
– Possibility of becoming a nationally and internationally recognised expert
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Want to know more?
Contact us
Marcelo Rabinovich
Economic AnalystMadrid+34 91 212 [email protected]
© Copyright 2008National Economic Research Associates, Inc.
All rights reserved.
Amaia Grijalbo
RecruitmentMadrid+34 91 212 [email protected]@nera.com