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No case studies. 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. A pet shop retailer wants to open a new 400m2 shop. My studies helped me understand how businesses work and what factors influence them. Add your data to unlock Full WSO Database. 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. 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. If youre interviewing with NERA Economic Consulting, youre in luck. On 3 Feb Director Fernando Jimnez will discuss recent case law and explore emerging competition issues in Spain and the EU at the IEB Seminar on Recent Developments in EU Competition Law. Dont be afraid to ask clarifying questions if you do not understand something. 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. Why should we not hire you? That means: motivation, clearly defined research question, methodology, problems and solutions, results. I was a lateral hire. Be prepared to explain your research/analysis in-depth and a number of times. The most important part of this step is to verify the objective of the case. This question is a way for the interviewer to assess your math skills and how you feel about them. It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. Example: One thing I think needs to change in the field of economics is the way we measure GDP. This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. Any insight much appreciated. It was a typical Hirevue interview not much more that I can actually say to describe it but I have to meet the character minimum. Anonymous Interview Candidate in Washington, DC, I applied online. You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. You may be asked to brainstorm a list of potential ideas. They also asked about the motivation for working in economic consulting. super day, on site, five one-on-one interviews. In addition, especially as you get more senior in the firm, many people are very NERA-proud because the firm is privately-owned, NERA reportedly took great care of its team during the downturn, when other large consulting firms churned major layoffs. Asked about mistakes in data, what certain graphs meant, and a probability question. Consulting Firm: NERA Economic Consulting first round full time job interview. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. It felt rather informal and laid-back. They had a set of graphs that you would typically see in a statistics course or an econometrics course, like a QQ-plot, etc. nera economic consulting interview gemini and scorpio parents gabi wilson net worth 2021 . Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. Examples of potential business questions you could get asked in an economic consulting case interview include: Economic consulting firms heavily rely on case interviews in their interview process because they can assess a variety of different qualities and traits in just a 20- to 30-minute exercise. Its important to be honest in your answer, but try not to make it too political or controversial. What analysis, what program skills you know. Are you able to handle large amounts of data and interpret it effectively? Cookies Notice | https://t.co/6uK69f6bp0. For example, I worked with a client who was considering opening a new location. 2005-2023 Wall Street Oasis. I applied in-person. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. 3. Nothing too hard, but they never got back to me with a reply. After discussing it with the team member, they agreed to recalculate their numbers based on my suggestions. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? This question can help the interviewer understand how you approach challenges and use your critical thinking skills to solve problems. 207. Finally, during the interview process, NERA Economic Consulting commonly administers a behavioral test to see how well you would fit on your team. AmbitionBox. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. 5. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? What are your thoughts on the current state of the economy? 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. This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. Looking for case interview practice partners? 2nd round had 3 case studies, behavioral and technical questions. Overall, I think the most tricky part is actually to make your resume good enough to get noticed. 200. I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. A week after I applied online, I received an invitation for a phone interview. 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. 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. Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. The other 50%, however, did have case questions to solve mostly situational. Bain & Company This interview was based mostly of behavioral and technical questions. The only information I had to go off of was what the department head told me about their current spending habits. 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. Interviewers want to know that youre aware of your weaknesses and are actively working on them. In the January issue of the Wiley journal Climate and Energy, Managing Director Dr. Jeff D. Makholm examines the European natural gas disaster (so far). And lets just say this here thats not a huge surprise. 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. Data Analytics Consulting. I applied through college or university. Example: Im motivated by helping others succeed. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. For me it was because I used a cool dataset for my research. Charles River Associates Interviewing with NERA Economic Consulting? 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.. 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%. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? The first interview was a 30 min one-on-one interview with one of their analyst. KPMG. Find contacts: direct phone number, email address, work experience. Case Type: investment. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. I also use data analysis software to help me collect relevant information from various sources. Do your recommendations make sense from a feasibility perspective? Infos und Tipps zu MBA-Studium, Berufseinstieg und Karriere. 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 . 1 NERA Economic Consulting Consultant Securities interview questions and 1 interview reviews. I interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics Behavioral questions such as what is your favorite course? I think I was fortunate to come across really cool economists. . I applied from my economics department career website. Human Resources Consulting. NERA Economic Consulting understands what many people can't: economics. Describe one of your research experiences using Excel or Stata. However, I am confident in my ability to work with larger datasets if needed. Each firm supports and offers experts to testify in litigation matters related to economics and finance. 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. Two rounds of interviews with a mix of junior/senior level staff. Conduct research on industry trends, market dynamics, and other topics related to client engagements. If you are considering alternative resources to use, below are the two books we recommend. I love being able to use my skills to find solutions for clients who are facing challenges or need advice on how to improve their business. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. 206. | Went through my college, applied and got an online interview. Why do you want to work at NERA Economic Consulting? They all asked about either research or behavioral questions such as tell me about a time when you work on a team project and it failed. MBAs or other experienced hires are usually brought on as, Consultant Senior Consultant Vice President Senior Vice President. They might know your approach was right, but they want to make sure you can explain why (kind of like a stress test). I received an offer a few weeks later. Have some insider perspective that youd like to share? However, most positions will require at least one behavioral interview and one technical interview. The final round consists of a series of interviews and a job market paper presentation. Presentations are a common part of working in consulting. I applied online. Average salary for NERA Economic Consulting Corporate Web Specialist in Seaham: 56,119. The phone interview was about 30 minutes. 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. When answering, it can be helpful to mention something specific about one of NERAs clients that inspires you or makes you excited to work for this company. What is an Economic Consulting Case Interview? Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. NERAs first clients were in the natural gas industry. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . A framework is a tool that helps you structure and break down complex problems into smaller, more manageable components. One first round phone interview followed by a super day. Charles River Associates Your economic consulting case interviews will give you a taste of what it would be like to be an economic consultant. And they all knew my name, which was pleasantly surprising. Turner Construction Evaluates Interstate Highway Project. 8 NERA Economic Consulting Analyst interview questions and 8 interview reviews. Discover Best Places to work in India. You had experience in, how do you think NERA will benefit from these experiences? 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. Not invited for the second round Of interview. Just MAKE SURE you network at such a small firm, a blind resume drop means nothing and an employee recommendation means everything. 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. In fact, I find that breaking down a large dataset into smaller chunks makes it easier for me to analyze and understand the information.. I interviewed at NERA Economic Consulting. Thanks in advance Marsh & McLennan Companies, which also now owns big brand, 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 550+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases, Marsh & McLennan Companies Asia-Pacific Womens Group, Marsh LGBT (Lesbians, Gays, Bisexual and Transgender), Marsh WEBB (Womens Executive Business to Business), Women Making a Difference (Marsh and Mercer women in Pittsburgh). The process took 2 weeks. I interviewed at NERA Economic Consulting (New York, NY). The higher the number, the more difficult the interviews on average. What are your selling points? The interviewer asked me to introduce myself and then asked about my research paper. It is also good practice to include potential next steps that you would take if you had more time or data. Personality and cultural fit: Are you coachable and easy to work with? 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. If you are interviewing for an entry level economics consulting role, you likely wont be expected to have deep expertise in these topics. It was important for me to know my resume inside and out. The process took 3 weeks. If we were to ask your previous manager what your greatest strength was, what would they say? If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. Average salary for NERA Economic Consulting Research Officer in Braunton: 46,245. This question can help the interviewer get to know you as a person and how your personality might fit in with their company. They asked me to draw graphs and to show them to the camera. 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. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. Case Type: pricing & valuation. It studies things like inflation rates, unemployment levels and gross domestic product.. Analysis Group really drilled deep into stats concepts and research topics. 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. Are there any questions you want to ask me?You need to log in to access the rest of the page. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . Email us! Interviewers ask this question to learn more about your ability to work under pressure and meet deadlines. What is the difference between macroeconomics and microeconomics? When giving your opinion on a business issue or situation, provide a summary of your stance or position and then enumerate the reasons that support it. Aktuelle Stellenanzeigen und Praktika. That being said, NERA is still a major player in the consulting industry and heres why: NERA Economic Consulting is one of the top, Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. H&Z sucht Praktikant Business Intelligence (w/m/d) Deutsche Bundesbank sucht Bundesbank-Referendariat (m/w/d) 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. 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. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. The second interview was superday style with 4 back to back interviews. Well, NERA is no MBB. A client has a budget of xx, what would you do with it? The HR and the case study consultants were all nice and friendly. 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. 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.. Very unprofessional. Why this particular position? Prepare for 40 min, presentation, and QA partner interview. 205. Example: I would say my biggest weakness as an analyst is not being able to see the big picture when Im focused on a project. Why NERA? NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. Employers ask this question to learn more about your background and how it relates to the job. Glassdoor users rated their interview experience at NERA Economic Consulting as 69.0% positive with a difficulty rating score of 2.96 out of 5 (where 5 is the highest level of difficulty). The case interview for economic consulting is similar to that for management consulting . You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. The interview focus is largely dependent on which practice you are interviewing for. The interview consisted of some general questions and a brain teaser. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. Discussion related to relevant sector for internship but didn't require specialist knowledge. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. I applied through college or university. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Industry: Consulting. The process took 2 weeks. Poor. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. 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. Economic consulting case interviews will also typically have qualitative aspects to them. Mit Studienbeitrgen zu BWL, VWL und Wirtschaftsinformatik. Half an hour of an HR interview and two case studies. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. Based on 776 salaries posted anonymously by NERA Economic Consulting Research Officer employees in Braunton. The first interview was a mix of behavioral and a simple case about stock price in a merger. The other two were behavioral and with younger staff/analysts. On a scale of 1-10 where 1 is Easy and 10 is Difficult, rating is 5. In my last role, I worked with a client who was having trouble finding qualified employees for their factory. Case Type: increase sales/revenues. 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). This knowledge has been helpful when applying for jobs at consulting firms.. The second round was an interview with a Managing Director. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. It also tests your ability to apply what you know about the field to real-world situations. How would you analyze allegations of discriminatory lending practices? I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. This question is an opportunity to show your passion for economics and how you can make a difference. Interviewing with NERA Economic Consulting? I applied through college or university. Second, an interview at NERA can seem pretty laid back during the initial rounds.. You can expect anything from going to dinner with current employees to being invited to a NERA office and chilling with the guys there, so expect some fun and bring some personality into the. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. 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. How this process will start depends on whether the case interview is candidate-led or interviewer-led. Generally, youll want to follow these six steps. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set. On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. This question can help the interviewer get a sense of your personality and how you might fit in with their team. Panelists will dive into settlements, filings, special cases, and what to expect in 2023. Preferred locations; Seattle, Cali, DC, Toronto. Consulting Firm: NERA Economic Consulting 1st round full time job interview. The process took 2 weeks. 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. Your answer should show that you understand the importance of presentations and how to prepare for them. If you have strong math skills, this can be an opportunity to show off your abilities. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. Health Sciences Consulting. Diversity groups are called Employee Network Groups in Marsh & McLennan companies. 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.

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