Meeting with with NERA Economic Talking to? Well, NERA isn't any MBB. Actually, should you take a look at a listing of top 20 talking to firms, NERA will not be onto it. That being stated, NERA continues to be a significant player within the talking to industry and here’s why: NERA Economic Talking to may be the top economic talking to firm, period.
Let’s just rapidly discuss the main difference from a top management talking to firm as well as an economic talking to firm. While MBB’s primary focus is strategy, economic talking to firms like NERA’s focus is on financial aspects first and strategy second.
Obviously, that's a really broad generalization because, as we’ll discuss soon, NERA has 30+ practice areas varying from personal bankruptcy to record sampling and analysis.
Although NERA is targeted around the New England from the U.S., NERA looks at the global economic landscape. The firm recommends government divisions, lawyers, and major global companies on governmental regulation (like anti-trust rulings), public policy implications, public, competitive forces, and financing. NERA helps companies predict likely legal cases and lawsuit, which anybody would think valuable – however it doesn’t make sure they are the darling from the advisory industry, particularly when analysis or research forecasts not so good news.
Today we continue our super popular Firm Profile series by having an in-depth consider the smarty-pants boutique firm that works as a great career starting pad for Financial aspects undergrads and PhD’s alike.
KEY STATS FOR NERA ECONOMIC Talking toNERA Economic Talking to Website: world wide web.NERA.com
NERA Economic Talking to Headquarters: New You are able to, NY
NERA Economic Talking to Employees: 515
NERA Economic Talking to Locations: 26 offices
NERA Economic Talking to Leader: Dr. Lawrence Wu
NERA Economic Talking to Revenue: $75M
NERA Economic Talking to Engagement Cost: ~0K
NERA (National Economic Research Affiliates), Corporation. began in 1961 by two leading economists, Dr. Irwin Stelzer and Dr. Jules Joskow using the vision of creating the very first economic talking to firm. The firm initially comprised of 17 employees and also the 2 founders. NERA’s first clients were within the gas industry. As NERA increased, however, the industries they labored with began to incorporate major utility and telecommunications the likes of AT&T.By 1971, ten years after its founding, NERA had greater than 60 staff as well as in 1974 the organization opened up their first West Coast office in LA. Proof of our prime interest in NERA’s economic talking to services was observed in their quick growth, which made NERA a target for that 80s talking to consolidation. Marsh &lifier McLennan Companies, that also now is the owner of large brand Oliver Wyman too, acquired NERA in 1983, renaming the organization – properly – to NERA Economic Talking to along the way.
NERA is promoting a significant status, but has handled to help keep itself small, clearly focused and exclusive along the way. The working as a consultant that cranked up in 1961 with simply 17 employees presently has 500+ employees and it is a worldwide authority on financial aspects by having an impressive client list from over 120 nations as well as in a large number of industries.
NERA ECONOMIC Talking to ORGANIZATION
NERA Economic Talking to is really a subsidiary of parent company Marsh &lifier McLennan Companies, a lot of money 500 company within the varied financial industry who also is the owner of numerous firms including Mercer, a HR Talking to firm, and Oliver Wyman, our Top Ten Financial/Strategy Talking to firms. Begin to see the diagram below for any obvious structure of methods the Marsh and McLennan Information mill organized.
NERA has one leader, presently Dr. Lawrence Wu, one chairman, presently Dr. Andrew Carron, and ~40 senior vice presidents/company directors, ~40 vice presidents/connect company directors, and ~50 senior consultants/principals.