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 second round was an interview with a Managing Director. NERAs first clients were in the natural gas industry. ), 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. On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. Also, make sure you know your research inside out. Use your answer to highlight some of your most important analytical skills and how they benefit your work. Any insight much appreciated. In my last role, I worked with a client who was having trouble finding qualified employees for their factory. The HR and the case study consultants were all nice and friendly. I used this information along with industry benchmarks to create a realistic budget that would allow the department to meet its goals while staying within the companys overall budget.. I got to their office at 9 and there were 2 other candidates there. Half an hour of an HR interview and two case studies. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. Yes. I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. AmbitionBox. 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. 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. 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). BCG Platinion 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. Use examples from your experience to explain the value of economic forecasting and how it helps businesses make important financial decisions. There are some areas where we could improve, such as increasing wages for middle-class workers and decreasing income inequality. The higher the number, the more difficult the interviews on average. Interview process at NERA Economic Consulting. NERA, Monckton Chambers, and Augusta Ventures held an in-person conference exploring the UKs developments in competition litigation and expectations for 2023. The approach to solving economic consulting cases is generally the same as traditional case interviews. They had a set of graphs that you would typically see in a statistics course or an econometrics course, like a QQ-plot, etc. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. A case on what is the size of the domestic market for cell phones. Bain & Company Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Each firm supports and offers experts to testify in litigation matters related to economics and finance. KPMG. For example, it might study how consumers make purchasing decisions in one industry. The company asked for resume, transcript, writing sample, and recommendation. Required fields are marked *, Are you a human or a robot? Add your data to unlock Full WSO Database. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. 205. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. On a scale of 1-10 how important is math to you? This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. Focus on understanding the context of the situation and the objective of the case. Number of Questions: 207. It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. Are there anything that you hate in your previous job/company? or Want to Sign up with your social account? Economic consulting covers a more specific range of consulting than management consulting, dealing mostly with government organizations and cooperations to help solve problems and disputes that fall under the umbrellas of economics, business, and law. 201. You should be able to solve your economic cases without having to rely on outside knowledge. case study interview, a case about UK electricity industry, use economics theory to explain. You will be expected to present findings from time to time, how would you prepare for a presentation? I applied through college or university. 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. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? Consulting Firm: NERA Economic Consulting first round full time job interview. How this process will start depends on whether the case interview is candidate-led or interviewer-led. 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. Two were with Directors and were case studies about stock price changes. 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. Reviews Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). The current method of measuring GDP does not take into account many important factors, such as environmental sustainability or social equality. Or, solve 6 sample cases for free! Would you like to take your boss position? The whole process is not really intimidating but the feedback is quite slow. 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. 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. We conducted an economic forecast to determine if there would be enough demand for their products at this location. For example, you may be asked to calculate a certain profitability or financial metric. They were nice and encouraged questions. Analytical problem solving: Can you read and interpret data well? The key to answering qualitative questions is to structure your answer. The case studies were the most difficult questions asked. Are you pleasant to be around? McKinsey & Company 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.. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. BCG Platinion In other places such as Cornerstone. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. They are looking for candidates with a strong quantitative background. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. See the diagram below for a clear structure of how the Marsh . 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. Interviewers ask this question to learn more about your ability to work under pressure and meet deadlines. A pet shop retailer wants to open a new 400m2 shop. Example: Microeconomics focuses on individual markets or industries. We'll give you the experience, opportunity, and support to grow. Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. Case studies and behavioral questions (Why Nera, tell me about your research, etc). One of the questions dealt with a particular advertisement about certain hospitals/doctors that discouraged patients from visiting them, which turned out to be false. 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. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. Cookies Notice | After several email communications, HR arranged an interview with a senior partner at New York. 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. Example: I graduated from Boston University with a bachelors degree in economics. 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. 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. spread-sheet, case study, behavior questions. Dont be afraid to ask clarifying questions if you do not understand something. NERA Economic Consulting, LMI Government Consulting, Cornerstone Research, IBM Consulting, Competition Policy Analysis Group, CNA However, one that tripped me up was describing how I delegate tasks in a leadership position. Case Type: business turnaround; math problem. Finally, during the interview process, NERA Economic Consulting commonly administers a behavioral test to see how well you would fit on your team. The process took 4 weeks. Turner Construction Evaluates Interstate Highway Project. 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. Make sure you use the STAR method. See the diagram below for a clear structure of how the Marsh and McLennan Companies are organized. Your answer should show that you understand the importance of presentations and how to prepare for them. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. Free interview details posted anonymously by NERA Economic Consulting interview candidates. 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. The other ~20% come from employee referrals (18%) and application online (2%). Nothing unexpected. How are economic forecasts used in business decisions? I had to explain how I would have ran the regression in my program of choice. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. Senior Consultants Janeen McIntosh, Svetlana Starykh, and Edward Flores outline notable securities trends for 2022 in the annual report. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. If a NERA consultant isnt thinking about leaving consulting, but wants a different focus, there are also opportunities for consultants to transition inside the Marsh & McLennan organization to management consulting at. 207. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. Continue Reading Charles River Associates Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. However, most positions will require at least one behavioral interview and one technical interview. Lets face it the work at NERA is less sexy than work at MBB, the people are more brainy, and the culture is less cool. If youre looking to become an economic consultant, youll need to ace your economic consulting case interviews. Communication skills: Can you communicate in a clear, concise way? Why this particular position? They are available in digital or paperback format on Amazon. The first interview was a 30 min one-on-one interview with one of their analyst. We have compiled all of the economic consulting practice cases and examples that we could find below: We recommend working through the Bates White practice case before your upcoming economic consulting case interview. H&Z sucht Praktikant Business Intelligence (w/m/d) Deutsche Bundesbank sucht Bundesbank-Referendariat (m/w/d) I interviewed at NERA Economic Consulting in Jan 2023. Glassdoor users rated their interview experience at. Very unprofessional. Example: Ive worked on several research projects throughout my career, including one where I analyzed the economic impact of a new highway construction project and another where I researched the effects of tax reform on small businesses. 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 10. Analysis Group A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Find contacts: direct phone number, email address, work experience. Tell us about your educational background. Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. 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. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . Mit Studienbeitrgen zu BWL, VWL und Wirtschaftsinformatik. 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. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. This question can help the interviewer get a sense of your economic knowledge and how you view current events. I received an offer a few weeks later. Talked with two analysts and 3 senior-level employees. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. 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. The individual interviews depend on who is on the team that's looking to hire you, so I wouldn't say there's such a thing as a "NERA" interview experience. The interviewer asked me to introduce myself and then asked about my research paper. 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. Aktuelle Stellenanzeigen und Praktika. I interviewed at NERA Economic 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. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. 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). Common stages of the interview process at NERA Economic Consulting according to 184 Glassdoor interviews include: 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. 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. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. Preferred locations; Seattle, Cali, DC, Toronto. A client has a budget of xx, what would you do with it? Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. They ended up reducing the cost by 15%, saving the company $150,000.. Health Sciences 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. NERA Economic Consulting If economics isn't your strong suit, National Economic Research Associates (known as NERA Economic Consulting) can help. 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. Case Interview Question #01154: Our client, Mr. And lets just say this here thats not a huge surprise. Example: I would first make sure I have all my materials ready, including any visuals or slides I may need. Be the first to find this interview helpful. A case on what is the size of the domestic market for cell phones. 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. The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. 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. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay, England: [salary]. Employers ask this question to learn more about your background and how it relates to the job. Are you able to handle large amounts of data and interpret it effectively? and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual 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. Be the first to find this interview helpful. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. I applied in-person. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . 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. Interview Type: Behavioral and Fit Interviews. The technical interviews will . New York, NY. If we were to ask your previous manager what your greatest strength was, what would they say? 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. It is also good practice to include potential next steps that you would take if you had more time or data. 5. The final round consists of a series of interviews and a job market paper presentation. This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. It also tests your ability to apply what you know about the field to real-world situations. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. Example: I have worked with large datasets before, although I prefer working with smaller sets that are more manageable. NERA Economic Consulting ( is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. This interview was based mostly of behavioral and technical questions. Read more here. Based on 1 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay, England. Explain to me an economic concept that you find most interesting. 5. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. Industry Coverage: mass media & communications; sports, leisure & recreation. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. 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? The process took 3 weeks. NERA Economic Consulting, Inc., or National Economic Research Associates, is an economic consulting firm founded in 1961. Bain & Company Example: Math is very important to me because I am able to use my math skills every day at work.
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