If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. Originally published December 15, 2020. 3. Tell us about your educational background. NERA has a large number of practice areas that the firm divides up into 5 categories: As you can see, the firm covers a much broader spectrum of practice areas than many of the core strategy consulting firms we profile. Thanks in advance. https://t.co/6uK69f6bp0. The process had two rounds, one one-on-one, then a super day with behavioral and technical questions and a case. 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. The environmental impact of gold mining Read the rest. 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. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. McKinsey & Company Analysis Group NERAs first clients were in the natural gas industry. Looking for case interview practice partners? why NERA? The first interview was a mix of behavioral and a simple case about stock price in a merger. Are you able to handle large amounts of data and interpret it effectively? 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. Case Type: investment. The brain teaser was pretty hard. Applied through their website and got contacted about the first round 1-2 months later. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Brush up on GRE and GMAT math questions, and make sure you remember key economics principles and statistical equations. 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. 1 NERA Economic Consulting Consultant Securities interview questions and 1 interview reviews. The approach to solving economic consulting cases is generally the same as traditional case interviews. Learn more. one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Your answer should show that you understand the importance of presentations and how to prepare for them. When brainstorming a list of ideas, develop a structure to help you neatly categorize all of your ideas. 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. 2005-2023 Wall Street Oasis. 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). If you have strong math skills, this can be an opportunity to show off your abilities. Why NERA? 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. If youre interviewing with NERA Economic Consulting, youre in luck. Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. Reported anonymously by NERA Economic Consulting employees. They are looking for candidates with a strong quantitative background. This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. 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 other two were behavioral and with younger staff/analysts. Free interview details posted anonymously by NERA Economic Consulting interview candidates. A maths problem based around the concept of game theory. Financial Consulting. 205. 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 case studies were the most difficult questions asked. While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . I interviewed at NERA Economic Consulting. 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. Analysis Group This question can help the interviewer get a sense of your knowledge and how you learn. Nearly every major economic consulting firm uses case interviews in their interview process. This is a little bit silly. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. Case Type: increase sales/revenues. NERA Economic Consulting. NERAs interview process is very different to the process at the MBB firms after all, the focus is less on your ability to solve problems and more on your ability to manipulate data. New York, NY. 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. Also, check glassdoor because it helped me a lot. 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). 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. 4. 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. Asked about previous research experience and especially quantitative experience. The most difficult questions were to explain actual economic concepts to my interviewer. Litigation Cases: These cases include topics such as antitrust and competition, class action lawsuits, commercial litigation, intellectual property, international arbitration, labor and employment, mass torts and product liability, and securities and finance. Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. Use your answer to highlight some of your most important analytical skills and how they benefit your work. The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. 200. 06 December 2021 ), 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. I did an in-person first interview at the school, then a final round on-site. What are your thoughts on the current state of the economy? They have a wide variety of practice areas including Antitrust and Competition, and Energy, Environment, Communications and Infrastructure. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. Are you pleasant to be around? H&Z sucht Praktikant Business Intelligence (w/m/d) Deutsche Bundesbank sucht Bundesbank-Referendariat (m/w/d) Consulting Firm: NERA Economic Consulting 1st round full time job interview. As for cases, ~50% of candidates last year did not having any case questions come up in the interview at all. Average salary for NERA Economic Consulting Research Officer in Braunton: 46,245. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Example: I graduated from Boston University with a bachelors degree in economics. Turner Construction Evaluates Interstate Highway Project. Does this vary by practice area? Industry Coverage: mining & metals production. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. The carbon dividends model generates an extra $190 billion in economic output, on average, per year compared to the . 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. I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. This helped them decide whether or not to open the new store.. Preferred locations; Seattle, Cali, DC, Toronto. You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. I had to explain how I would have ran the regression in my program of choice. 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 . Which area of economics are you most interested in and why? An econometric analysis of data on the London metal exchange This knowledge has been helpful when applying for jobs at consulting firms.. While MBBs main focus is strategy, economic consulting firms like NERAs focus is on, Of course, that is a very broad generalization because, as well talk about soon, NERA has. Excellent. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. NERA Economic Consulting sucht Werkstudent Competition Economics (m/w/d) A.S.I. or Want to Sign up with your social account? Thanks in advance AmbitionBox Interview Questions. Economic consulting is mostly a type of paralegal work. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. You may be asked to brainstorm a list of potential ideas. 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. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. Can you conduct the right analyses to draw the right conclusions? The material in the course has helped 6,000+ students across 13+ countries land offers at top-tier consulting firms such as McKinsey, BCG, and Bain. The process took 2 weeks. I believe that if we continue to focus on these issues, we will see more sustainable growth.. Another way to think about frameworks is brainstorming different ideas and organizing them into different categories. Not invited for the second round Of interview. Free interview details posted anonymously by NERA Economic Consulting interview candidates. That means being smart about grabbing it from inside its own ranks, not just outside. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. An example of how you overcame a problem, dealing with messy data, etc. In this first round interview all of the questions were behavioral. 8. 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. Economic consulting is used less for strategy, and more for litigation or regulatory compliance issues. Why do you want to work at NERA Economic Consulting? Read on for an in-depth look at this smarty-pants boutique firm that serves as a great career launching pad for Economics undergrads and PhDs alike. Industry Coverage: None, Case Interview Question #01024: A very long rope is tied around the equator of the Earth drawing a circle centered at the center of the Earth. 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. Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. Reviews Economic consulting case interviews will also typically have qualitative aspects to them. So, propose an area and provide a reason for why you want to start with that area. Well, NERA is no MBB. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. NERA has established quite a global presence with 26+ offices in North America, Europe, and Asia Pacific. Interview Questions. The first interview was a 30 min one-on-one interview with one of their analyst. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. Or, solve 6 sample cases for free! For me it was because I used a cool dataset for my research. I applied online. It felt rather informal and laid-back. 1. View Benjamin Seggerson's email address: bxxxxxxxxxn@nera.com & phone: +1-323-xxx-xx07's profile as Associate Director - Business Development & Marketing at NERA Economic Consulting, located in Washington, District of Columbia. This question can help the interviewer get a sense of your economic knowledge and how you view current events. The technical interviews will focus on your economic knowledge and research skills. Free interview details posted anonymously by NERA Economic Consulting interview candidates. Half an hour of an HR interview and two case studies. Thanks in advance. Privacy Notice | In this article, well cover: Economic consulting is a specialized type of consulting that serves governments and organizations to help solve problems and disputes in economics, business, and law. Bain & Company If we were to ask your previous manager what your greatest strength was, what would they say? In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. What is economic consulting? I stayed late every night for two weeks until I completed the project.. 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. Its a hardcore reality when you put too many economists together, you dont get hipster culture you get (with some exception) a tendency toward cut-and-dry facts with a bit of social awkwardness thrown in. Any insight much appreciated. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? IT Operations Consulting. KPMG. The phone interview was about 30 minutes. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. Prepare for 40 min, presentation, and QA partner interview. I applied through college or university. I chose that major because I was interested in learning more about business and finance, but I also wanted to study something that would be applicable to my future career. Industry Coverage: entertainment, performing arts. 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. Case Type: pricing & valuation. 5. 146 followers . Congratulations to Katie Orlandi for her promotion to Director. For example, when President Trump signed his tax reform bill into law last year, he was able to increase GDP by 0.7% over the next two years. The case interview for economic consulting is similar to that for management consulting . There was no case question for me but I heard other candidates have those. They were nice and encouraged questions. Case Type: pricing & valuation. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. The interview consisted of some general questions and a brain teaser. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. They post available internships during the winter months on Marsh & McLennans recruiting. Copyright Hacking the Case Interview 2023. 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. 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 interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics 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. 8 NERA Economic Consulting Analyst interview questions and 8 interview reviews. This firm has an amazing operation. All online. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. Based on 1 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay, England. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Aktuelle Stellenanzeigen und Praktika. I was a lateral hire. 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. Two rounds of interviews with a mix of junior/senior level staff. HR asked some motivational questions, such as why applying for NERA, and why specific practice. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. The HR and the case study consultants were all nice and friendly. Interviewing with NERA Economic Consulting? . And they all knew my name, which was pleasantly surprising. Weve included each here with a point of commentary on each one below. Example: Im passionate about working with clients because I love helping them find solutions to complex problems. Interview Type: Behavioral and Fit Interviews. Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. The technical interviews will . Describe a time where you were given a task with limited information. NERA helps companies predict likely lawsuits and litigation, which anyone would think valuable but it doesnt make them the darling of the advisory industry, especially when analysis or research predicts bad news. NERA highlights 5 core values on their website. NERA Economics Impact Report. Consulting Firm: NERA Economic Consulting first round job interview. For example, I worked with a client who was considering opening a new location. We were able to come up with a solution where they could hire more part-time workers to fill positions until they found someone full time.. How this process will start depends on whether the case interview is candidate-led or interviewer-led. Charles River Associates how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? Are there any questions you want to ask me?You need to log in to access the rest of the page. Industry: Consulting. The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. If you dont have direct experience, you can explain how your research skills helped you complete a project in the past. The firms are hip and cool, and people are valued for contributions not positions. Difficult. 6. The process took 4 weeks. 207. The interviewers were very interested in the candidate's statistical skills. Example: I am most interested in economic theory, particularly supply-side economics. Example: I am highly organized, which allows me to complete my projects on time. The second interview was superday style with 4 back to back interviews. I also use data analysis software to help me collect relevant information from various sources. 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. The career path of NERA is not too different to that of other major consulting firms. Before you start developing your framework, it is completely acceptable to ask the interviewer for a few minutes so that you can collect your thoughts and think about the problem. Interview. Find contacts: direct phone number, email address, work experience. Glassdoor users rated their interview experience at. 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. Add your data to unlock Full WSO Database. After several email communications, HR arranged an interview with a senior partner at New York. Not answering the right business question is the quickest way to fail a case interview. 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. How would you analyze allegations of discriminatory lending practices? Sometimes I get so caught up in the details that I forget why Im doing what Im doing. why economic consulting? 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. Example: One thing I think needs to change in the field of economics is the way we measure GDP. 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. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. Mit Studienbeitrgen zu BWL, VWL und Wirtschaftsinformatik. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. The construction costs $1B, but your client would . Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? The interview last from 9:30 to noon. This question is an opportunity to show your enthusiasm for the role and the company. Poor. 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 I am especially interested in working here because of the firms commitment to diversity and inclusion. Database of NERA Economic Consulting interview questions. A pet shop retailer wants to open a new 400m2 shop. The interview lasted about 30 min with one consultant. Have some insider perspective that youd like to share? When it comes to interviews, preparation is key. Interview Questions. One first round phone interview followed by a super day. BCG Platinion On top of the behavioral test, be assured they will also be looking at your past experience and skills and may even test you to determine your quantitive and analytical abilities.