This question can help the interviewer get a sense of your knowledge and how you learn. 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 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. Two rounds of interviews with a mix of junior/senior level staff. 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. The higher the number, the more difficult the interviews on average. 2nd round had 3 case studies, behavioral and technical questions. The questions were mostly behavioral (no case study) and on my experience doing research. NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. Make sure you have a compelling story about yourself that leads to why you are interested in the job. The other 50%, however, did have case questions to solve mostly situational. Another way to think about frameworks is brainstorming different ideas and organizing them into different categories. An example of how you overcame a problem, dealing with messy data, etc. Interviewers ask this question to learn more about your ability to work under pressure and meet deadlines. 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. Analytical experience? BCG Platinion On average, Steven Failla works for one company for 2 years 2 months. Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. A client has a budget of xx, what would you do with it? really drilled deep into stats concepts and research topics. I interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics The process had two rounds, one one-on-one, then a super day with behavioral and technical questions and a case. NERA has developed quite a reputation, but has managed to keep itself small, clearly focused and prestigious in the process. Discover Best Places to work in India. Here are a number of groups you could participate in while working at NERA Economic Consulting. NERA Economic Consulting Corporate Web Specialist Salaries in Newquay 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. Do your recommendations make sense from a feasibility perspective? NERA Economic Consulting Corporate Web Specialist Salaries in Seaham Preferred locations; Seattle, Cali, DC, Toronto. As for cases, ~50% of candidates last year did not having any case questions come up in the interview at all. I interviewed at NERA Economic Consulting. 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. The firm initially consisted of 17 employees and the 2 founders. 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. how much should they spend on advertising? I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. The key to answering qualitative questions is to structure your answer. 9. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . If you have strong math skills, this can be an opportunity to show off your abilities. Why do you want to work at NERA Economic Consulting? They are looking for candidates with a strong quantitative background. Interview process at NERA Economic Consulting. That means being smart about grabbing it from inside its own ranks, not just outside. NERA Economic Consulting. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Anonymous interview candidate in New York City, Anonymous interview candidate in New York, Anonymous interview candidate in Washington DC, Anonymous interview candidate in Providence, 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. I received an offer a few weeks later. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? Very unprofessional. KPMG. Congratulations to Katie Orlandi for her promotion to Director. It also helps them determine if you are likely to be challenged by the work they do at NERA. 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.. There was no case question for me but I heard other candidates have those. NERA Economic Consulting Careers | Interview, Salaries, and More - Blind Then they asked how I would estimate the losses caused by those ads. NERA Economic Consulting Analyst Interview Questions Interviewing with NERA Economic Consulting? Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. In this first round interview all of the questions were behavioral. I applied through college or university. Example: I learned recently that there is a new way to measure inflation called chained CPI. Benjamin Seggerson's email & phone number - Associate Director NERA Economic Consulting interview details: 217 interview questions and 206 interview reviews posted anonymously by NERA Economic Consulting interview candidates. If youre looking to become an economic consultant, youll need to ace your economic consulting case interviews. Consulting Firm: NERA Economic Consulting first round full time job interview. NERA Economic Consulting | LinkedIn The interview last from 9:30 to noon. Tell us about your educational background. Prepare for 40 min, presentation, and QA 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. Example: I am most interested in economic theory, particularly supply-side economics. 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. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. I interviewed at NERA Economic Consulting. Your client wants to estimate the market size for jeans in the U.S., how would you go about doing that? 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. 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. New York, NY. On a scale of 1-10 where 1 is Easy and 10 is Difficult, rating is 5. This question helps the interviewer determine if you possess the necessary skills to succeed in this role. Why NERA? Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. One of them was resume based, and others tested on how fast the candidate could respond to real-world economic problems. 5. 203. Although NERA is concentrated on the East Coast of the U.S., NERA reviews the global economic landscape. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Mr. Jon Wainwright, Affiliated Consultant, NERA Economic Consulting Economic Consulting Case Interview: What You Need to Know 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. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. A case on what is the size of the domestic market for cell phones. Make sure to keep these qualities in mind when going into your economic consulting case interview. The whole process takes about a month and a half. Employers ask this question to learn more about your background and how it relates to the job. 20 NERA Economic Consulting Interview Questions and Answers 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). Based on 776 salaries posted anonymously by NERA Economic Consulting Research Officer employees in Braunton. What interests you about working with clients? Please. NERA Economic Consulting NERA Economic Consulting, Inc., or National Economic Research Associates, is an economic consulting firm founded in 1961. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. The number you see in the middle of the doughnut pie chart is the simple average of these scores. They want to know that you can perform well in a fast-paced environment, so its important to give an example of a time when you had to complete a project or task quickly. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. if fewer than half of the pirates agree with you, you die. Reviews 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. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. This question is a common one in interviews, and its important to be honest. This question is an opportunity to show your enthusiasm for the role and the company. Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. A client has a budget of xx, what would you do with it? . Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. Industry Coverage: engineering, construction; government, public sector. An econometric analysis of data on the London metal exchange Focus on understanding the context of the situation and the objective of the case. In other places such as Cornerstone. The career path of NERA is not too different to that of other major consulting firms. Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. 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. Overall, the interview process is relatively long and can take up to two months to complete. Interviewing with NERA Economic Consulting? NERA Economic Consulting Research Officer Salaries in Braunton I applied online. Went through my college, applied and got an online interview. I interviewed at NERA Economic Consulting in Jan 2023. Be the first to find this interview helpful. This interview was based mostly of behavioral and technical questions. 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. Reported anonymously by NERA Economic Consulting employees. You will be expected to present findings from time to time, how would you prepare for a presentation? The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. 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. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. Brush up on GRE and GMAT math questions, and make sure you remember key economics principles and statistical equations. Communication skills: Can you communicate in a clear, concise way? What would you say is your biggest weakness as an analyst? NERA Economic Consulting Behavioral & Fit Interview Questions 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 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. For the best experience we recommend upgrading to the latest version of these supported browsers: I wish to continue viewing on my unsupported browser, Learn more about NERA's global services
Any insight much appreciated. As with most consulting firms, the expectation for the summer internship is that you will get an offer therefore, they get to test-drive prospective hires before making a long-term commitment, and for the 80% that are top performers, NERAlocks in top recruits before peak senior recruiting season. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. Interview. 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). Fit & Behavioral Interview Answer Guides and Tutorials, Leave your comment here. 5 different interviewers. Just MAKE SURE you network at such a small firm, a blind resume drop means nothing and an employee recommendation means everything. Example: Im passionate about working with clients because I love helping them find solutions to complex problems. You had experience in, how do you think NERA will benefit from these experiences? Contribute to the database and get 1 month free* Full online access! Each firm supports and offers experts to testify in litigation matters related to economics and finance. Talked with two analysts and 3 senior-level employees. This question can help the interviewer get a sense of your personality and how you might fit in with their team. As you can see, compared to traditional case interviews, economic consulting cases may require more specialized knowledge of economics, finance, or law. They asked me mostly case-based questions on healthcare industry. NERA is by all means a boutique consulting firm with a focus on litigation and compliance, and unlike MBB firms where ex-consultants usually move on to CEO, COO, and other leading positions in Fortune 100 companies, NERA consultants develop a much more narrow skill set more suited for internal corporate analysis, financial advisory work or legal jobs. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. What is economic consulting? What are your selling points? 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. 10. AmbitionBox Interview Questions. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. Excellent. Example: Math is very important to me because I am able to use my math skills every day at work. This question can help the interviewer get to know you as a person and how your personality might fit in with their company. The deadline was tight, but I knew I could do it if I worked hard enough. 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. This question can help interviewers understand your knowledge of how economic forecasts are used in business decisions. How this process will start depends on whether the case interview is candidate-led or interviewer-led. 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. Yes. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Seaham. NERA Economic Consulting Research Associate Interview Questions 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. What analysis, what program skills you know. 5. 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. 4. Its monotonous. I interviewed at NERA Economic Consulting. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. 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%. Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. 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. I am especially interested in working here because of the firms commitment to diversity and inclusion. Iris Li - Research Associate - NERA Economic Consulting - LinkedIn Please calculate: 46 + 54 = ? This question can help the interviewer get a sense of your economic knowledge and how you view current events. 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. If you hover over the various sections of the donut, you will see the % breakdown of each score given. I interviewed at NERA Economic Consulting (New York, NY). Intern Interview - NERA Economic Consulting (New York) Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Aktuelle Stellenanzeigen und Praktika. This knowledge has been helpful when applying for jobs at consulting firms.. Dr. Arturo Gonzalez Joins NERA as Associate Director >, ISS SCAS & NERA: A Look Back at 2022 and Whats Ahead in 2023 >, Schne neue Verrechnungspreiswelt: Gewinnverteilung anhand anteiliger Value CreationEin Lsungsvorschlag (Teil 1) >. Your answer should show that you understand the importance of presentations and how to prepare for them. It is also good practice to include potential next steps that you would take if you had more time or data. *, You need to log in to access the rest of the page. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? Financial Consulting. 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). 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. Not answering the right business question is the quickest way to fail a case interview. After several email communications, HR arranged an interview with a senior partner at New York. Thanks in advance Average salary for NERA Economic Consulting Research Officer in Braunton: 46,245. 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. They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. 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. Research Associate at NERA Economic Consulting Washington, District of Columbia, United States. and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual However, I am confident in my ability to work with larger datasets if needed. 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. 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. 100+ NERA Economic Consulting Interview Questions & Answers Q: Tell me about yourself. They also asked about the motivation for working in economic consulting. 198. You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. However, one that tripped me up was describing how I delegate tasks in a leadership position. The number you see in the middle of the doughnut pie chart is the simple average of these scores.