The end of year Consulting Project is an opportunity for students to gain experience in consulting with a real life business situation and apply what they have learnt during the year.
A group of MSc Economics & Strategy for Business students consulted for Shell to devise a model which would help explain the benefits for governments to monetise their natural gas reserves. Shell wanted the students to create a case based on social and economic reasons why governments might consider selling oil reserves, which Shell could use in international negotiations.
“The fact that we had a strong multi-cultural team with members from Russia, Italy, Norway and China was what enabled us to look at the problem from a unique perspective and offer up some new ideas,” said Erling Fiskerud.
The main challenge the group faced was the technicality of the project and the time spent developing and testing models. “We didn’t anticipate the amount of time needed to understand the complexity of the industry and its value chains,” said Ekaterina Solodkova “But we got there in the end,” she added.
Throughout the assignment, the students regularly meet with Shell at their London offices. It was a great opportunity for them to learn from senior executives with over 20 years’ experience in the oil & gas industry and to grasp a better understanding of Shell’s business.
“The Consulting Project was a great chance to strengthen our communication skills and establish professional working relationships which would be beneficial in our future careers,” said Yijin Wang.
The team felt that the Consulting Project is one of the differentiating factors of the programme and something which helped cement their understanding of consulting. The diversity and complimenting skillsets in the team enabled them to look at the problem from a new perspective and present a viable solution.
Meet the Team
Bing has a bachelor’s degree in accounting from Beijing and her future career goal is to engage in commercial activities that enhance the communication and trade between Asia and the rest of the world.
Received a joint Bachelor’s degree from LSE and Higher School of Economics in Banking & Finance and Economics. After her Master’s degree she will begin a job at Bloomberg in London in financial product sales and analytics.
Before beginning his Master’s in London, Erling studied and worked in Oslo and Singapore. In the future, he aspires to develop an international career in management.
Maria has a BSc in Economics at Higher School of Economics from Moscow, Russia and will start her career as a Finance Trainee at TE Connectivity.
Yijin previously studied Finance and Economics and has two bachelor degrees in China and UK. Her short-term career goal is to work for in finance for a bank or other international company.
Lorenzo has spent the past years living abroad in countries including China and India. His careers aspirations include building a managerial career in an international company.