Interviewing with NERA Economic Consulting? The firm advises government divisions, law firms, and major global corporations on governmental regulation (like anti-trust rulings), public policy implications, public, competitive forces,and private financing. The key to answering qualitative questions is to structure your answer. A client has a budget of xx, what would you do with it? AmbitionBox Interview Questions. Reported anonymously by NERA Economic Consulting employees. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. Behavioral questions such as what is your favorite course? The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Applied through their website and got contacted about the first round 1-2 months later. MBAs or other experienced hires are usually brought on as, Consultant Senior Consultant Vice President Senior Vice President. All Rights Reserved. How this process will start depends on whether the case interview is candidate-led or interviewer-led. BCG Platinion Read more: We are excited to announce Dr. Soren Tang Sorensen has been promoted to Director. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. Interviewing with NERA Economic Consulting? Be the first to find this interview helpful. Can you use logic and reason to make appropriate conclusions? Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. What are your selling points? When expanded it provides a list of search options that will switch the search inputs to match the current selection. While MBBs main focus is strategy, economic consulting firms like NERAs focus is on, Of course, that is a very broad generalization because, as well talk about soon, NERA has. Very unprofessional. Its important to be honest in your answer, but try not to make it too political or controversial. Industry Coverage: engineering, construction; government, public sector. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. Some common complaints about work at NERA its repetitive. I was a lateral hire. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. Microeconomics materials should be reviewed for the preparation. The firm provides economic advice, analysis, expert testimony, and regulatory insight for global clients throughout North America, Latin America, Europe, and the Asia-Pacific region. It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. Aktuelle Stellenanzeigen und Praktika. I applied through college or university. Example: I learned recently that there is a new way to measure inflation called chained CPI. Once you have identified the major issues or areas that you need to explore, walk the interviewer through your framework. Looking for case interview practice partners? You will be expected to present findings from time to time, how would you prepare for a presentation? NERAs interview process is very different to the process at the MBB firms after all, the focus is less on your ability to solve problems and more on your ability to manipulate data. This question can help the interviewer get a sense of your knowledge and how you learn. How would you determine econometrically if a firm is inefficient? Anonymous Interview Candidate in Washington, DC, I applied online. NERA Economic Consulting, LMI Government Consulting, Cornerstone Research, IBM Consulting, Competition Policy Analysis Group, CNA Candidates applying for Intern had the quickest hiring process (on average 15 days), whereas Research Associate roles had the slowest hiring process (on average 27 days). I interviewed at NERA Economic Consulting, Online test followed by one 3h interview, which involved - 30 minutes of HR interview - 2 case studies with junior & mid level consultants - case study with managing director, I applied online. Wirtschaftsberatung sucht Trainees (m/w/d) Wirtschaftsberater Horvth sucht Consultant (w/m/d) Insurance. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. Why not McKinsey, BCG, Bain? 2nd round had 3 case studies, behavioral and technical questions. WISU - die Zeitschrift fr Wirtschaftsstudenten. If youre interviewing with NERA Economic Consulting, youre in luck. Average salary for NERA Economic Consulting Research Officer in Braunton: 46,245. This is a little bit silly. This question helps the interviewer determine if you possess the necessary skills to succeed in this role. The process took 6 weeks. 3. The second round was an interview with a Managing Director. Interview Type: Behavioral and Fit Interviews. Example: Math is very important to me because I am able to use my math skills every day at work. Not answering the right business question is the quickest way to fail a case interview. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. Reviews The process took 2 weeks. This question can help the interviewer get a sense of your personality and how you might fit in with their team. It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. The company asked for resume, transcript, writing sample, and recommendation. Free interview details posted anonymously by NERA Economic Consulting interview candidates. If you lay out and present your structure to solve the quantitative problem and the interviewer approves of it, the rest of the problem is simple execution of math. I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. Analytical experience? The consultancy that started up in 1961 with only 17 employees currently has 500+ employees and is a global authority on economics with an impressive client list from over 130 countries and in dozens of industries. Use your answer to highlight some of your most important analytical skills and how they benefit your work. Case Type: pricing & valuation. 207. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. One first round phone interview followed by a super day. Integrity is paramount in the legal world; NERA is trusted as an unbiased advisor, and retains its prestige (and book of clients) based on this reputation. Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. KPMG. The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. The higher the number, the more difficult the interviews on average. Industry Coverage: None NERA consultants are impeccably trained to understand the rich complexities of the competitive landscape, and as such are confident in their abilities to develop competitive products and services. 2. NERA has a large number of practice areas that the firm divides up into 5 categories: As you can see, the firm covers a much broader spectrum of practice areas than many of the core strategy consulting firms we profile. Analysis Group When it comes to interviews, preparation is key. Communication skills: Can you communicate in a clear, concise way? What are some things that motivate you to go above and beyond in your job? Thanks in advance This question can help the interviewer get a sense of your economic knowledge and how you view current events. NERA Economic Consulting is a subsidiary of parent company Marsh & McLennan Companies, a Fortune 500 company in the diversified financial industry who also owns a number of firms including Mercer, an HR Consulting firm, and Oliver Wyman, a top 10 Financial/Strategy Consulting firm. Looking for case interview practice partners? What is the interview process like at NERA Economic Consulting? Consulting Firm: NERA Economic Consulting first round full time job interview. This question is an opportunity to show your enthusiasm for the role and the company. Director Dr. Vladimir Starkov offers tips on how businesses that rely on provisions of Puerto Rico Act 60 can prepare documents of related-party transactions to avoid IRS penalties for misstating export services income. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? The exception at NERA are clients who testify as expert witnesses they are the ultimate kings but behind the scenes, if you do good work, youll get promoted early or will receive accelerated responsibility. For example, it might study how consumers make purchasing decisions in one industry. Interviewed for one hour. A framework is a tool that helps you structure and break down complex problems into smaller, more manageable components. Discover Best Places to work in India. Q: Tell me about yourself. Register here: Join Dr. Andrew Stivers on 8 Feb for a webinar exploring how the FTC undertakes the cost-benefit analysis for proposed rules and learn practical tips for drafting rulemaking comments. Preferred locations; Seattle, Cali, DC, Toronto. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . Describe a time where you were given a task with limited information. While there is a broad range of business situations and problems you could face in an economic consulting case interview, there are four major types: Corporate / Advisory Cases: These cases include topics such as corporate governance and compliance, risk advisory services, transaction advisory, M&A support, and valuation. Your answer should include something that you would like to change about the field of economics, as well as what you think could be done to improve it. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. I think they answered truthfully or to the best of their knowledge. NERA Economic Consulting is looking for candidates who have strong analytical skills. Overall, I think the most tricky part is actually to make your resume good enough to get noticed. Your economic consulting case interview will begin with the interviewer giving you the case background information. The construction costs $1B, but your client would . The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. Data Analytics Consulting. In the February issue of Policy Quarterly, Associate Director Kevin Counsell explores a core principle underlying the Resource Management Act 1991 (RMA): effects-based resource management. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. ), there is a slight chance that you will be hired although they will be looking for the same experience and skills level as those who have attended top tier schools. if fewer than half of the pirates agree with you, you die. Managing Director Dr. Faten Sabry and Associate Director Dr. Ignacio Franceschelli compare how the CFTC, SEC, and the market classify crypto assets as securities or commodities. You had some unusually varied work experience before you went to business school. Know about salary and benefits expectations before the interview . Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. Health Sciences Consulting. Case Type: investment. In this article, well cover: Economic consulting is a specialized type of consulting that serves governments and organizations to help solve problems and disputes in economics, business, and law. What is economic consulting? If you found this article helpful, youll love our comprehensive case interview course. The second round was one day, with 5 interviews 30 minutes each. Employing more than 500 professionals, including 425 economists, the . I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. Be transparent, show genuine interest in the interviewer, be uniquely yourself (but not weird), and most importantly, dont let the laid back atmosphere be an excuse to let your guard down too much. This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. Prepare for 40 min, presentation, and QA It also allows you to see what their previous manager thought of them, which can be an important factor in deciding whether or not to hire someone. If you study like you are going to interview for an MBB firm, you should do quite well but remember, the emphasis is less on strategy and more on structure and computation. Personality and cultural fit: Are you coachable and easy to work with? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 8 NERA Economic Consulting Internship interview questions and 9 interview reviews. I chose that major because I was interested in learning more about business and finance, but I also wanted to study something that would be applicable to my future career. I believe that if we were able to develop a more accurate measurement of GDP, we would be better equipped to create policies that promote sustainable growth.. They then go in depth in asking you to explain past research you have done. That being said, because NERAs work isnt insanely high-pressure Wall Street earnings arent waiting and litigation schedules are intense but not spontaneous you can expect to work around 50 hours/week versus a standard 60 at MBB firms. 10. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. NERAs first clients were in the natural gas industry. Example: One thing I think needs to change in the field of economics is the way we measure GDP. See the diagram below for a clear structure of how the Marsh . 8. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. Case Interview Question #01154: Our client, Mr. Opens the Fishbowl by Glassdoor site in a new window. Its important to be honest, but also highlight some of your best qualities that will make you an asset to the organization. A week after I applied online, I received an invitation for a phone interview. really drilled deep into stats concepts and research topics. 101 Great Answers To The Toughest Interview Questions, 201 Best Questions To Ask On Your Interview, 201 Knockout Answers To Tough Interview Questions, High Impact Interview Questions: 701 Behavior Based Questions, How To Succeed At Interviews: Over 200 Interview Questions, Nail The Job Interview: 101 Dynamite Answers To Interview Questions, How To Answer The 64 Toughest Interview Questions, Fit & Behavioral Interview Skills That Win The Job. Industry Coverage: None Number of Questions: 207. We conducted an economic forecast to determine if there would be enough demand for their products at this location. These can be areas of your framework that you did not have time to explore or lingering questions that you do not have great answers for. However, I am confident in my ability to work with larger datasets if needed. Explain to me an economic concept that you find most interesting. Do you have experience conducting research? They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. This question is an opportunity to show your passion for the field of economics. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? Case Type: pricing & valuation. 3. They had a set of graphs that you would typically see in a statistics course or an econometrics course, like a QQ-plot, etc. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. 6. NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. Director Daniel Hanson, Consultants Dr. Francis Ostermeijer and Dr. Tuba Toru Delibasi, and Economic Analyst Khalil Sabourian evaluated the impact of infection resiliency interventions on buildings in the UK for the Royal Academy of Engineering. Read their conclusions here: In the January 2023 issue of the ABA Economics Committee Newsletter, Dr. Ildik Magyari assesses the main antitrust concerns that vertical mergers can raise and the possible solutions which can combat this. Continue Reading In Europe, Australia, and New Zealand, the career path in terms of responsibilities is pretty similar although they decided to switch up the names and number of positions to be more culturally relevant reflecting that an MBA is non-mandatory and direct promotion is a standard although the titles are also more confusing due to the lack of a global standard (which would never happen at McKinsey or BCG): Research Officer Analyst Consultant Senior Consultant Associate Director Director, NERA Economic Consulting offers a limited number of 10-week summer internships to undergrads who are currently working on their BA/BS. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. (Note that because fit is very important to NERA, each office hires separately. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. There was no case question for me but I heard other candidates have those. Does this vary by practice area? Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. For the best experience we recommend upgrading to the latest version of these supported browsers: I wish to continue viewing on my unsupported browser, Learn more about NERA's global services In North America and Asia the typical undergrad will start as aResearch Associateand, if promoted, the career path will look like this: Research Associate Associate Analyst Analyst Senior Analyst, The notable difference is that there are 4 pre-MBA steps not just 2. The HR and the case study consultants were all nice and friendly. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. Find a Great First Job to Jumpstart Your Career, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. NERA (National Economic Research Associates), Inc. was founded in 1961 by two leading economists, Dr. Irwin Stelzer and Dr. Jules Joskow with the vision of establishing the first economic consulting firm. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. While work experience at NERA can help you gain great experience and skills in microeconomics and other related fields opening many doors of possibility, we dont see many NERA alumni holding key strategic positions in Fortune 100 companies. If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. How did you approach the situation? Can you conduct the right analyses to draw the right conclusions? Are you pleasant to be around? And they all knew my name, which was pleasantly surprising. Of course, that is a very broad generalization because, as well talk about soon, NERA has 30+ practice areas ranging from bankruptcy to statistical sampling and analysis. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. AmbitionBox. The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company. We'll give you the experience, opportunity, and support to grow. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Evidence of the high demand for NERAs economic consulting services was seen in the companys quick growth, which made NERA a target for the 80s consulting consolidation. What interests you about working with clients? Please Log in or Register now.Subscriptionsstart at only $7/month. NERA has established quite a global presence with 26+ offices in North America, Europe, and Asia Pacific. NERA Economic Consulting I applied online. . If economics isn't your strong suit, National Economic Research Associates (known as NERA Economic Consulting) can help. They post available internships during the winter months on Marsh & McLennans recruiting. It also tests your ability to apply what you know about the field to real-world situations. Consulting Firm: NERA Economic Consulting first round full time job interview. Well, NERA is no MBB. I interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics Example: Im motivated by helping others succeed. Overall, the interview process is relatively long and can take up to two months to complete. However, most positions will require at least one behavioral interview and one technical interview. and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? *, You need to log in to access the rest of the page. The brain teaser was pretty hard. Case Interview Question #01371: The 2022 Winter Olympic Games is an international winter multi-sport event that is scheduled to take place from February 4, 2022 to February 20, 2022, in Beijing and towns in the neighboring Hebei Read the rest. Do your recommendations make sense from a feasibility perspective? In this first round interview all of the questions were behavioral. A pet shop retailer wants to open a new 400m2 shop. Continue Reading Interview Type: Behavioral and Fit Interviews. A week after the phone interview, I was invited for an on-site interview. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. The other two were behavioral and with younger staff/analysts. Make sure you have a compelling story about yourself that leads to why you are interested in the job. All online. Why economic consulting? 25 Warehouse Receiver Interview Questions and Answers, 25 Family Advocate Interview Questions and Answers, 25 Fedex Driver Interview Questions and Answers, 25 Appointment Setter Interview Questions and Answers. They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. Does this vary by practice area? They want to know that you can perform well in a fast-paced environment, so its important to give an example of a time when you had to complete a project or task quickly.

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