Industry Coverage: mass media & communications; sports, leisure & recreation. Half an hour of an HR interview and two case studies. The number you see in the middle of the doughnut pie chart is the simple average of these scores. The interview last from 9:30 to noon. Example: I am highly organized, which allows me to complete my projects on time. Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. 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. They are saying, however, that they remain on top of cutting-edge forms of economic analysis and bring a 360-degree look at any problem or issue. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. really drilled deep into stats concepts and research topics. Analytical experience? how much should they spend on advertising? 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. No case studies. Required fields are marked *, Are you a human or a robot? How this process will start depends on whether the case interview is candidate-led or interviewer-led. I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. 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. Reported anonymously by NERA Economic Consulting employees. Employers ask this question to learn more about your background and how it relates to the job. Human Resources Consulting. What is economic consulting? Discussion related to relevant sector for internship but didn't require specialist knowledge. The other two were behavioral and with younger staff/analysts. What would you say is your biggest weakness as an analyst? Learn more. 7. Research Associate at NERA Economic Consulting Washington, District of Columbia, United States. Economic consultants typically have expertise in a specific area of economics, such as microeconomics or econometrics, and use this knowledge to advise clients on issues such as pricing, regulation, and . I applied online. The second round was an interview with a Managing Director. Environmental Sustainability Consulting. 8. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. 2. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. The number you see in the middle of the doughnut pie chart is the simple average of these scores. The second round was an interview with a Managing Director. The technical interviews will . Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. This is a little bit silly. The interview consisted of some general questions and a brain teaser. 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. However, most positions will require at least one behavioral interview and one technical interview. However, folks are hired for brains, not wit, so be prepared to stay pretty serious while on the job and know that youll be chained to your desk more than you would at MBB or even a financial advisory firm. Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. Example: I think that the economy is doing well overall. NERA Economic Consulting. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. 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. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay, England: [salary]. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. 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. An example of how you overcame a problem, dealing with messy data, etc. Opens the Fishbowl by Glassdoor site in a new window. Consulting. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. What analysis, what program skills you know. As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. Through more than 20 offices worldwide, the company offers economic research, analysis, and advice to governments, corporations, regulatory agencies, trade associations, law firms, and other organizations. AmbitionBox Interview Questions. Are there anything that you hate in your previous job/company? Finally, I would arrive early to the meeting room where the presentation is taking place so I can set up my equipment and get settled.. BCG Platinion This makes sense to us in a smaller firm (only 500 people vs. the 3000+ at MBB), you dont always need to rely on standardized practices the hypothesis is that good people can identify other good people. And lets just say this here thats not a huge surprise. Consulting Firm: NERA Economic Consulting first round job interview. Industry Coverage: None I interviewed at NERA Economic Consulting. Example: I have worked with large datasets before, although I prefer working with smaller sets that are more manageable. 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. Congratulations to Katie Orlandi for her promotion to Director. Explain to me an economic concept that you find most interesting. If you dont have direct experience, you can explain how your research skills helped you complete a project in the past. NERA Economic Consulting sucht Werkstudent Competition Economics (m/w/d) A.S.I. NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. That means: motivation, clearly defined research question, methodology, problems and solutions, results. Please Log in or Register now.Subscriptionsstart at only $7/month. 5. 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. The process took 2+ months. Overall, I think the most tricky part is actually to make your resume good enough to get noticed. Are you able to handle large amounts of data and interpret it effectively? Dont miss out on NERA and ISS SCASs live securities trends webinar tomorrow: A Look Back at 2022 and Whats Ahead in 2023. Register now: We are pleased to announce Dr. Jordan Milevs promotion to Director. There may also be a written test or case study component to the interview process. Online interview was purely behavioral, I talked about my data experience, favorite econ class, etc. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. 206. Went through my college, applied and got an online interview. Using this method allows economists to more accurately predict future inflation rates.. Example: NERA Economic Consulting has a reputation as one of the top economic consulting firms in the world, and Im excited to join such a talented team. Very unprofessional. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. They also asked about the motivation for working in economic consulting. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. IT Operations Consulting. Use examples from your experience to explain the value of economic forecasting and how it helps businesses make important financial decisions. While the interviewer is speaking, make sure that you are taking meticulous notes on the most important pieces of information. Key summary if you work at NERA, you might not love every second of every day, but over time youll accrue valuable data analysis skills that will enable you to transfer into industry but in a lower-level position, with a weaker strategic toolkit than you would at MBB. Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . A NERA Economic Consulting Research Associate typically has a wide range of responsibilities, which can include: Assist in the development of economic models and analysis for litigation, regulatory, and corporate finance matters. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Preferred locations; Seattle, Cali, DC, Toronto. The phone interview featured relatively straightforward questions and none that I found too tricky. 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. Along the way, youll answer a mix of quantitative and qualitative questions to help you build support for a final recommendation that youll present at the end of the case. 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. On a scale of 1-10 how important is math to you? Looking for case interview practice partners? I applied online. If you hover over the various sections of the donut, you will see the % breakdown of each score given. When it comes to interviews, preparation is key. Nearly every major economic consulting firm uses case interviews in their interview process. You will be expected to present findings from time to time, how would you prepare for a presentation? It was impressive to see all the support from the professional staff (HR, IT, front desk) who worked to make this all-day event run smoothly (scheduling, video conferencing, office transitions). 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). 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 reviews). The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. An early boom in the market for awful music allowed him to amass a substantial war chest and offer products (all music Read the rest, Case Type: math problem, brain teaser. 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. 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. Asked about previous research experience and especially quantitative experience. Case Type: increase sales/revenues. Thanks in advance. I had to explain how I would have ran the regression in my program of choice. Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. Candidates interviewing for Research Associate and Analyst rated their interviews as the hardest, whereas interviews for Associate Analyst and Intern roles were rated as the easiest. Reviews I believe that if we continue to focus on these issues, we will see more sustainable growth.. This interview was based mostly of behavioral and technical questions. 2005-2023 Wall Street Oasis. NERA Economic Consulting Case Example #1: Your client is a North American construction company that is considering taking on a public-private-partnership project to build a stretch of interstate highway for the federal government. I was a lateral hire. You should be able to solve your economic cases without having to rely on outside knowledge. Case Type: pricing & valuation. Get started with your Free Employer Profile, Research Officer - Energy, Environment, Communication and Infrastructure (1), Research Associate for Antitrust Practice (1), interview process at NERA Economic Consulting, The Ultimate Job Interview Preparation Guide. 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. NERA Economic Consulting is a global consulting firm comprised of experts dedicated to using finance, economic, and quantitative principles to tackle complex legal and business challenges. And they all knew my name, which was pleasantly surprising. 202. The interviewers were very interested in the candidate's statistical skills. first round: phone interview. Case Type: investment. Use your answer to highlight some of your most important analytical skills and how they benefit your work. The process had two rounds, one one-on-one, then a super day with behavioral and technical questions and a case. The most important part of this step is to verify the objective of the case. Also, make sure you know your research inside out. When brainstorming a list of ideas, develop a structure to help you neatly categorize all of your ideas. Turner Construction Evaluates Interstate Highway Project. Free interview details posted anonymously by Charles River Associates interview candidates. I applied through the campus recruiting program, and was invited for a first round interview on campus, where I spoke to one senior level person. Interview Questions. Student. This question is a basic test of your understanding of economics. This question is a way for the interviewer to assess your math skills and how you feel about them. They may ask a few questions or provide some feedback. Senior Consultant Dr. Ildiko Magyaris thesis, Firm Reorganization, Chinese Imports, and US Manufacturing Employment has been cited in a report published by the Joint Economic Committee of the US Senate. 207. This question is a common one in interviews, and its important to be honest. what projects I have involved in? Microeconomics materials should be reviewed for the preparation. AmbitionBox. Another way to think about frameworks is brainstorming different ideas and organizing them into different categories. I got to their office at 9 and there were 2 other candidates there. What are your selling points? We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. . 203. Also, check glassdoor because it helped me a lot. Industry Coverage: mining & metals production. Read more here. 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. 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. Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. I am especially interested in working here because of the firms commitment to diversity and inclusion. Consulting Firm: NERA Economic Consulting first round job interview. 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. Interviewing with NERA Economic Consulting? Behavioral questions such as what is your favorite course? Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. Thanks in advance Have some insider perspective that youd like to share? Can you conduct the right analyses to draw the right conclusions? The team member had calculated the cost of a new product launch for a company at $1 million, but I felt there was a way to reduce those costs by 20%. 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. Industry: Consulting. Free interview details posted anonymously by NERA Economic Consulting interview candidates. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. 4. You do not need to recap everything that you have done in the case, so focus on only summarizing the facts that are most important. why NERA? The technical interviews will focus on your economic knowledge and research skills. Do your recommendations make sense from a feasibility perspective? 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. If you are considering alternative resources to use, below are the two books we recommend. Overall, the interview process is relatively long and can take up to two months to complete. So whether youre interviewing for an entry-level position or a management role, read on for some insight into the types of questions you can expect, and how to answer them. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. My studies helped me understand how businesses work and what factors influence them. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. NERA has one president, currently Dr. Lawrence Wu, one chairman, currently Dr. Andrew Carron, and ~40 senior vice presidents/directors, ~40 vice presidents/associate directors, and ~50 senior consultants/principals. What type of analysis skills do you possess? 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. On a scale of 1-10 where 1 is Easy and 10 is Difficult, rating is 5. In the last step of the economic consulting case interview,youll present your recommendation and provide the major reasons that support it. I applied for the Finance and Securities practice. If you are interviewing for an entry level economics consulting role, you likely wont be expected to have deep expertise in these topics. The whole process is not really intimidating but the feedback is quite slow. 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. Any insight much appreciated. So, propose an area and provide a reason for why you want to start with that area. The key to answering qualitative questions is to structure your answer. I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. Talked with two analysts and 3 senior-level employees. Two were with Directors and were case studies about stock price changes. At NERA, the fit questions are of utmost importance they want to know you have integrity, smarts and skills so it would definitely be to your advantage to be well prepared. As for cases, ~50% of candidates last year did not having any case questions come up in the interview at all. Cookies Notice | Why should we not hire you? It felt rather informal and laid-back. Average salary for NERA Economic Consulting Research Officer in Braunton: 46,245. Preferred locations; Seattle, Cali, DC, Toronto. 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. 06 December 2021 Continue Reading The phone interview was about 30 minutes. I interviewed at NERA Economic Consulting in Jan 2023. 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. spread-sheet, case study, behavior questions. I had to walk through a pretend case in econometrics, which culminated in regression testing. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. For example, you may be asked to calculate a certain profitability or financial metric. Financial Consulting. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . A week after the phone interview, I was invited for an on-site interview. 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. They asked me to draw graphs and to show them to the camera. The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. BCG Platinion Q: Tell me about yourself. Prepare for 40 min, presentation, and QA partner interview. 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. Q: Talk to me about your past research. I interviewed at NERA Economic Consulting. 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. Fit & Behavioral Interview Answer Guides and Tutorials, Leave your comment here. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. Gold mining is the resource extraction of gold by mining. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. The number you see in the middle of the doughnut pie chart is the simple average of these scores.