Career Opportunities at CRA Analyst Associate

Career Opportunities at CRA Analyst • Associate • Consulting Associate • Senior Associate • Associate Principal • Vice President

A Few Beginning Questions ? Who are you? / What is CRA? ? What characteristics do CRA analysts possess? ? What will I do at CRA? ? How will CRA help me to develop professionally?

Presenter Backgrounds • Mike Newell, Principal – Graduated with a B. S. in Mechanical Engineering from University of Notre Dame (1990) – MBA from University of Chicago’s Graduate School of Business in Finance, Strategy, and Operations Mgmt (1996) – Principal of Tangram Partners, a private equity firm – Joined CRA in February 2001 • Matt Vold, Associate – Graduated with a B. S. in Finance and Accounting from Indiana University – Joined CRA in June 2003

Worldwide Presence CRA provides economic litigation and business consulting services • 23 offices • 629 Consultants • 14 international offices • 216 Analysts/Associates • Over $216. 7 million in revenue in 2004

CRA–Practice Areas CRA International Economic Litigation Consulting Business Consulting

CRA–Practice Groups CRA International Economic Litigation Consulting Business Consulting Capital Projects Aerospace & Defense Competition Chemicals & Petroleum Finance Corporate Intelligence Forensic Accounting Energy & Environment Forensic Computing Metals & Materials Intellectual Property Pharmaceuticals International Trade Transportation Transfer Pricing

Finance Practice Valuation and Damages Securities and Financial Markets Corporate Strategy Financial Accounting • Contract Disputes • Fraudulent Conveyance • Bankruptcy • Buyouts, etc. • Securities Litigation • Financial Instruments • Market Timing • Financial Markets, etc. • Financial Modeling • Risk Analysis/Management • Shareholder Value • Financial Reporting • Securities Litigation

Intellectual Property Practice What the value is • Comparables Analyses • Monte Carlo • DCF Analyses IP Valuation • Real Options What the value should have been IP Litigation • Lost Profits • Reasonable Royalty • Price Erosion • Prejudgment Interest What the value could be IP Strategy • Comparables Analyses • Market Analyses • Long-Term Forecasts • Investigative Resources

CRA Analyses often Appear in the Media What’s News – Business & Finance § VISA and Master. Card agreed to pay retailers $2 billion & $1 billion, respectively, to settle suits over debit card fees. § September 11 th Special Master estimates Fund will pay $4 to $5 billion, to some 3, 500 eligible death and injury victims. § Bristol-Myers Squibb Co. agrees to pay $670 million to settle allegations that it blocked generic competition for two of its major drugs—Taxol and Bu. Spar. § Microsoft plans to argue that European regulators misapplied EU laws as it seeks to overturn sweeping antitrust penalties. § Christie’s and Sotheby’s agreed to pay $512 million to settle a class-action suit for price fixing in art auctions. § Jurors began deliberations in the corporate-looting trial of Tyco’s former CEO and CFO. § Citigroup agreed to pay $2. 65 billion to settle a lawsuit brought by investors of the former World. Com. § The SEC plans to fine at least three former Global Crossing executives over alleged accounting fraud at the fiber-optics company. § Enron prosecutors revealed new statements from ex-finance chief A. Fastow that could give the defense ammunition. § The FTC is seeking to undo a Chicago-area hospital merger in what the agency sees as an effort to control health care costs. § Dynegy and NRG reached a settlement that calls for their joint venture to forfeit $260 million in unpaid California power claims. § Marsh offered to pay $600 million to settle insurance bidrigging allegations, but Spitzer has sought $750 million and a public apology. § Exelon is in talks to buy PSEG in a $12 billion deal that would create a utility giant and let Exelon expand its nuclear capacity. § EU regulators are gathering new information in an antitrust probe of Intel. § The Sprint-Nextel merger will create third largest provider of wireless phone service, rivaling Cingular and Verizon. § Shareholders of Procter & Gamble and Gillette approved a $57 billion merger deal, bringing the consumer products giant one step closer to consummating the largest deal in its history. Note: CRA has worked on some aspect of the matters cited.

CRA–The Work Environment ENVIRONMENT Academic Setting Team-Oriented Flat Project Structure Open-Door Policy PEOPLE Acclaimed Industry Experts Quantitative and Analytical Focused and Precise Collegial and Diverse

A Few Beginning Questions ? What is CRA? ? What characteristics do CRA analysts possess? ? What will I do at CRA? ? How will CRA help me to develop professionally?

What Characteristics Do CRA Analysts Possess? CRA analysts are — • Driven by intellectual challenges • Proactive • Team players • Quantitative • Well versed in financial and economic theory

What Characteristics Do CRA Analysts Possess? We seek candidates looking to — • Learn from leading industry experts • Employ rigorous research and analysis techniques • Creatively solve complex business problems • Further develop communication skills • Have numerous career development options

A Few Beginning Questions ? What is CRA? ? What characteristics do CRA analysts possess? ? What will I do at CRA? ? How will CRA help me to develop professionally?

The CRA Experience Project Work CRA Community and Social Activities Training and Mentoring Marketing Recruiting

Project Work Knowledge Applied • • • Project Work Accounting Finance Econometrics & Statistics Game Theory Industrial Organization Microeconomics Analyst Roles • • Client Document Analyses Competitive Assessment Economic Forecasting Event Studies • • Expert Report Preparation Industry Analysis Market Research Quantitative Model Building

Marketing and Recruiting • Keep abreast of industry developments • Prepare marketing presentations • Create recruiting materials • Interviewing • On-campus Recruiting Marketing Recruiting

Professional Development CRA Community and Social Activities • • Charitable events Company outings Sporting events Volunteer activities Training and Mentoring • Formal new analyst orientation program • Mentoring • On-the-job training • Seminars

A Few Beginning Questions ? What is CRA? ? What characteristics do CRA analysts possess? ? What will I do at CRA? ? How will CRA help me to develop professionally?

CRA Provides Unparalleled Career Opportunities Analyst/Associate M. B. A. Ph. D. J. D. M. A. /M. S. Career at CRA/Other

CRA Provides Unparalleled Career Opportunities Analyst/Associate M. B. A. • • Columbia Harvard MIT (Sloan) Northwestern (Kellogg) Stanford University of Chicago University of Pennsylvania (Wharton)

CRA Provides Unparalleled Career Opportunities Analyst/Associate J. D. • • • Cornell Harvard New York University Northwestern University of Virginia Vanderbilt

CRA Provides Unparalleled Career Opportunities Analyst/Associate Career at CRA/Other • • • Advancement within CRA Corporate Finance Investment Bank Private Equity Firm Other professional or personal pursuits

Important Information • Career Fair: Tomorrow (September 14 th) • Resume Drop: No later than September 21 st • Campus Interviews: October 11 th • Please send cover letters to — CRA International Human Resources—Careers John Hancock Tower, 33 rd Floor 200 Clarendon Street Boston, MA 02116 careers@crai. com • For more information, please visit our Web site at www. crai. com