Industry Coverage: mass media & communications; sports, leisure & recreation. If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. I interviewed at NERA Economic Consulting in Oct 2022. Asked about mistakes in data, what certain graphs meant, and a probability question. Thanks in advance Are there any particular projects or areas that you would enjoy working on at our firm? You will be expected to present findings from time to time, how would you prepare for a presentation? Consulting. There is generally no right or wrong area of your framework to pick first. Why NERA? They are looking for candidates with a strong quantitative background. A pet shop retailer wants to open a new 400m2 shop. Energy Consulting. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. By 1971, 10 years after its founding, NERA had more than 60 staff and in 1974 the company opened their first West Coast office in LA. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. Would you like to take your boss position? 3. 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. That means being smart about grabbing it from inside its own ranks, not just outside. Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. He would ask about specific concepts related to econometrics and economics, and there were a few concepts that I did not expect to have to explain. super day, on site, five one-on-one interviews. When you're talking to experts, know your stuff - nothing worse than being asked a question about your regression and giving an unclear, fumbling answer to someone whose job it is to do this stuff. 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 other ~20% come from employee referrals (18%) and application online (2%). partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. Best Economic Consulting Firms - Firsthand Industry Coverage: None, Case Interview Question #01024: A very long rope is tied around the equator of the Earth drawing a circle centered at the center of the Earth. Example: I am most interested in economic theory, particularly supply-side economics. if fewer than half of the pirates agree with you, you die. NERA Economic Consulting Interview Questions | Glassdoor Privacy Notice | Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. The only information I had to go off of was what the department head told me about their current spending habits. MBAs or other experienced hires are usually brought on as, Consultant Senior Consultant Vice President Senior Vice President. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. Research Associate at NERA Economic Consulting Washington, District of Columbia, United States. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. 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. Which area of economics are you most interested in and why? Cookies Notice | Although the corporate world at large isnt quite sure what to do with ex-NERA consultants, they demonstrate a surprisingly entrepreneurial spirit taking on leadership positions in start-ups or serving as CEOs and Managing Directors of smaller companies. 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. You had some unusually varied work experience before you went to business school. My studies helped me understand how businesses work and what factors influence them. Mr. Jon Wainwright, Affiliated Consultant, NERA Economic Consulting Interview Type: Behavioral and Fit Interviews. Example: I graduated from Boston University with a bachelors degree in economics. Infos und Tipps zu MBA-Studium, Berufseinstieg und Karriere. Know about salary and benefits expectations before the interview . ), 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. Describe a time where you were given a task with limited information. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. My ability to analyze complex data has helped me discover new insights that have led to more effective solutions for clients.. Communication skills: Can you communicate in a clear, concise way? On top of the behavioral test, be assured they will also be looking at your past experience and skills and may even test you to determine your quantitive and analytical abilities. The HR and the case study consultants were all nice and friendly. The 6 Steps to Solve Any Economic Consulting Case Interview, Economic Consulting Case Interview Examples, Resources to Prepare for Economic Consulting Cases, Determining the exact extent of revenue losses caused by a competitors intellectual property theft of a clients proprietary technology, Preparing a testimony on behalf of a client to fight litigation against shareholders who are suing the company for neglecting their fiduciary responsibility to keep shareholders appraised of significant changes in business, Determining how a client should respond to expected political instability in the future. Use examples from your experience to explain the value of economic forecasting and how it helps businesses make important financial decisions. The first notable factor about interviews is that, unlike MBB where youll have an almost identical process around the world NERA interviews are largely up to the interviewers. Economic consulting case interviews will also typically have qualitative aspects to them. NERA Economics Impact Report. Based on 1 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay, England. The interview last from 9:30 to noon. New York, NY. The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. I applied through college or university. NERA Economic Consulting Associate Analyst Salaries in Godalming I interviewed at NERA Economic Consulting (London, England) in Mar 2017. Senior Consultants Janeen McIntosh, Svetlana Starykh, and Edward Flores outline notable securities trends for 2022 in the annual report. All about economic consulting: what it is, how to get a job Well, NERA is no MBB. Bain & Company Why not McKinsey, BCG, Bain? I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. This is a little bit silly. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. The second interview was superday style with 4 back to back interviews. This question is a common one in interviews, and its important to be honest. Interviewing with NERA Economic Consulting? How this process will start depends on whether the case interview is candidate-led or interviewer-led. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. Presentations are a common part of working in consulting. 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. Are there any questions you want to ask me?You need to log in to access the rest of the page. The process took 3 weeks. Simple self introduction, technical questions about softwares and a case study. Are you articulate in what you are saying? The material in the course has helped 6,000+ students across 13+ countries land offers at top-tier consulting firms such as McKinsey, BCG, and Bain. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. why economic consulting? I applied online. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. 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.. It also tests your ability to apply what you know about the field to real-world situations. I interviewed at NERA Economic Consulting in Jan 2023. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. And they all knew my name, which was pleasantly surprising. The brain teaser was pretty hard. Number of Questions: 207. Prepare for 40 min, presentation, and QA Charles River Associates Economic Consultant Interview Questions Copyright Hacking the Case Interview 2023. Q: Talk to me about your past research. Next Thursday, NERA Senior Consultant Janeen McIntosh and ISS SCAS Executive Director Jeff Lubitz will co-host a virtual discussion, A Look Back at 2022 and Whats Ahead in 2023, covering notable securities class action trends from 2022. If we were to ask your previous manager what your greatest strength was, what would they say? Why this particular position? These firms include: While economic consulting interviews may seem intimidating and challenging, know that they can be mastered by learning the right strategies and getting enough practice. or Want to Sign up with your social account? How Much to Bid for Rights to Broadcast 2022 Winter Olympics, Gold Mining Company to Mitigate Risk of Political Protests, Country Music Star to Perform Back-to-Back Shows. See the diagram below for a clear structure of how the Marsh and McLennan Companies are organized. This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. Tell me about yourself. really drilled deep into stats concepts and research topics. 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. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. 5 different interviewers. and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual We seek to recruit Students with quantitative backgrounds, particularly as they align with economics and finance, as well as in related fields such as accounting, statistics, computer science, and other associated disciplines. Nothing was particularly difficult. BCG Platinion Two rounds of interviews with a mix of junior/senior level staff. In my last role, I worked with a client who was having trouble finding qualified employees for their factory. It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. Data Analytics Consulting. The other 50%, however, did have case questions to solve mostly situational. Economic consulting focuses on the application of economic principles to real-world problems, while management consulting focuses on providing strategic and operational advice to businesses. Case Type: investment. They rescheduled for me. What is an Economic Consulting Case Interview? Example: I learned recently that there is a new way to measure inflation called chained CPI. 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. NERA Economic Consulting case interview questions & answers I interviewed at NERA Economic Consulting Interview 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 NERA Economic Consulting Interview Questions | Glassdoor I have worked on many projects where we were given tight deadlines and strict budgets, but I always managed to meet expectations while maintaining high-quality work.. The questions were mostly behavioral (no case study) and on my experience doing research. As you can see, compared to traditional case interviews, economic consulting cases may require more specialized knowledge of economics, finance, or law. Example: I have worked with large datasets before, although I prefer working with smaller sets that are more manageable. 5. Also, check glassdoor because it helped me a lot. 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. 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. What is economic consulting? If you have strong math skills, this can be an opportunity to show off your abilities. - Organized interview materials for a consulting project The first interview was a mix of behavioral and a simple case about stock price in a merger. It felt rather informal and laid-back. Can you conduct the right analyses to draw the right conclusions? They would interview you and let you choose which office you want to work) When expanded it provides a list of search options that will switch the search inputs to match the current selection. Fit & Behavioral Interview Answer Guides and Tutorials, Leave your comment here. 1 NERA Economic Consulting Consultant Securities interview questions and 1 interview reviews. Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. Your answer should show that you have an interest in learning about economics or finance, but it should also highlight any specific skills youve developed recently. case study interview, a case about UK electricity industry, use economics theory to explain. 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. Why should we not hire you? Economic consulting case interviews primarily assess five qualities: Logical, structured thinking: Can you structure complex problems in a clear, simple way? NERA has established quite a global presence with 26+ offices in North America, Europe, and Asia Pacific. Applied through their website and got contacted about the first round 1-2 months later. The process took 2 weeks. Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . 9. The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). If economics isn't your strong suit, National Economic Research Associates (known as NERA Economic Consulting) can help. Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. Case Interview Question #01003: The client Turner Construction Company is a North America-based, international construction services company and is a leading builder in highway. Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. The environmental impact of gold mining Read the rest. NERA Economic Consulting Behavioral & Fit Interview Questions The approach to solving economic consulting cases is generally the same as traditional case interviews. This helped them decide whether or not to open the new store.. 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. Also, make sure you know your research inside out. Industry Coverage: engineering, construction; government, public sector. Analytical problem solving: Can you read and interpret data well? While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. We were able to come up with a solution where they could hire more part-time workers to fill positions until they found someone full time.. how do you choose which ones to do? 146 followers . Interviewers want to know that youre aware of your weaknesses and are actively working on them. Dr. Vinita Juneja and Ivelina Velikova will attend WWCDAs Annual Attorney Meeting to participate in engaging discussions and collaborate on WWCDAs mission of advancing women in law. how do you evaluate the legal environment in a state and its influence on business development, Get started with your Free Employer Profile, Research Officer - Energy, Environment, Communication and Infrastructure (1), Research Associate for Antitrust Practice (1), The Ultimate Job Interview Preparation Guide. 2023 National Economic Research Associates, Inc. Did you know that your browser is out of date? Here are a number of groups you could participate in while working at NERA Economic Consulting. You could also be asked to provide your opinion on a particular business issue or situation. There are some areas where we could improve, such as increasing wages for middle-class workers and decreasing income inequality. Consulting Firm: NERA Economic Consulting first round full time job interview. The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. If the case interview is interviewer-led, the interviewer will tell you what area of the framework to start in or directly give you a question to answer. https://t.co/6uK69f6bp0. 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. Employing more than 500 professionals, including 425 economists, the . Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. NERA Economic Consulting Research Associate Interview Questions If you are interviewing for an entry level economics consulting role, you likely wont be expected to have deep expertise in these topics. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Case Type: pricing & valuation. Nothing too hard, but they never got back to me with a reply. Register today: Dr. Dan Werner and Huy Dang discuss the theory and practice of citation analysis and how it can be relevant to the work of damages experts and valuation analysts in a litigation context. Reviews 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. Thanks in advance 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). Its important to be honest, but also highlight some of your best qualities that will make you an asset to the organization. In your answer, define macroeconomics and microeconomics and explain how they differ from each other. Free interview details posted anonymously by NERA Economic Consulting interview candidates. NERA Economic Consulting is looking for candidates who have strong analytical skills. I interviewed at NERA Economic Consulting. View Benjamin Seggerson's email address: bxxxxxxxxxn@nera.com & phone: +1-323-xxx-xx07's profile as Associate Director - Business Development & Marketing at NERA Economic Consulting, located in Washington, District of Columbia. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? Consulting Firm: NERA Economic Consulting first round job interview. Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . NERA Economic Consulting Corporate Web Specialist Salaries in Newquay NERA has developed quite a reputation, but has managed to keep itself small, clearly focused and prestigious in the process. A client has a budget of xx, what would you do with it? The process took 4 weeks. What is the interview process like at NERA Economic Consulting? Interview. You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. Its important to be honest in your answer, but try not to make it too political or controversial. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. I applied for the Finance and Securities practice. I am especially interested in working here because of the firms commitment to diversity and inclusion. 3. We conducted an economic forecast to determine if there would be enough demand for their products at this location. 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. NERA does most of its (U.S. and Europe) recruiting out of these schools some of them do not match up with core MBB schools (note George Washington University and not Georgetown, for example): If you dont go to one of these target schools, but youre a master in economics (GPA of 3.7+, departmental awards, etc. Make sure you have a compelling story about yourself that leads to why you are interested in the job. 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. WISU - die Zeitschrift fr Wirtschaftsstudenten. Case Type: increase sales/revenues. Student. Industry Coverage: mining & metals production. Nearly every major economic consulting firm uses case interviews in their interview process. The phone interview featured relatively straightforward questions and none that I found too tricky. While the course is focused on preparing candidates for management or strategy consulting roles, many of the strategies and frameworks can be applied to economic consulting roles. nera economic consulting interview Isgho Votre ducation notre priorit I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. They ended up reducing the cost by 15%, saving the company $150,000.. This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. Consulting Firm: NERA Economic Consulting first round job interview. Explain to me an economic concept that you find most interesting. One first round phone interview followed by a super day. Each firm supports and offers experts to testify in litigation matters related to economics and finance. An econometric analysis of data on the London metal exchange Thanks in advance. What would you say is your biggest weakness as an analyst?