I applied online. 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. IT Operations Consulting. I applied online. Nothing unexpected. You will be expected to present findings from time to time, how would you prepare for a presentation? Example: I graduated from Boston University with a bachelors degree in economics. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. You bring your talent, energy, and dedication. They are available in digital or paperback format on Amazon. Free interview details posted anonymously by NERA Economic Consulting interview candidates. - Organized interview materials for a consulting project A week after the phone interview, I was invited for an on-site interview. Easy. Congratulations to Katie Orlandi for her promotion to Director. I interviewed at NERA Economic Consulting in Oct 2022. 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 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. Some common complaints about work at NERA its repetitive. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. 203. What analysis, what program skills you know. Industry Coverage: mass media & communications; sports, leisure & recreation. The company asked for resume, transcript, writing sample, and recommendation. They asked me to draw graphs and to show them to the camera. 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. Presentations are a common part of working in consulting. Here are a number of groups you could participate in while working at NERA Economic Consulting. The interview last from 9:30 to noon. These can be areas of your framework that you did not have time to explore or lingering questions that you do not have great answers for. For example, you may be asked to calculate a certain profitability or financial metric. Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. I applied through college or university. Example: Im passionate about working with clients because I love helping them find solutions to complex problems. Tell us about your educational background. Required fields are marked *, Are you a human or a robot? 2. Reported anonymously by NERA Economic Consulting employees. On a scale of 1-10 how important is math to you? One first round phone interview followed by a super day. Employing more than 500 professionals, including 425 economists, the . Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. How would you determine econometrically if a firm is inefficient? He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. Free interview details posted anonymously by NERA Economic Consulting interview candidates. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. Analytical problem solving: Can you read and interpret data well? 205. Its also a chance to demonstrate that youve done some research about NERA Economic Consulting, so be sure to mention something specific about the company or its work. I interviewed at NERA Economic Consulting. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. I applied online. Brush up on GRE and GMAT math questions, and make sure you remember key economics principles and statistical equations. 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. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. NERA Economics Impact Report. 5. The other hard thing to prepare was various ways to code into STATA or R specific econometric models. 25 Warehouse Receiver Interview Questions and Answers, 25 Family Advocate Interview Questions and Answers, 25 Fedex Driver Interview Questions and Answers, 25 Appointment Setter Interview Questions and Answers. Are you able to handle large amounts of data and interpret it effectively? Its boring. Social: Company Overview; All Interviews (20) All Salaries (45) All Reviews (19 . They might know your approach was right, but they want to make sure you can explain why (kind of like a stress test). The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. So, propose an area and provide a reason for why you want to start with that area. Thanks in advance Number of Questions: 207. Thanks in advance. The carbon dividends model generates an extra $190 billion in economic output, on average, per year compared to the . The questions were mostly behavioral (no case study) and on my experience doing research. This button displays the currently selected search type. When expanded it provides a list of search options that will switch the search inputs to match the current selection. WISU - die Zeitschrift fr Wirtschaftsstudenten. 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. 206. They ended up reducing the cost by 15%, saving the company $150,000.. The process took 6 weeks. I interviewed at NERA Economic Consulting. An econometric analysis of data on the London metal exchange Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company. Youll be placed in a hypothetical business situation and will have 20- to 30-minutes to work with the interviewer to come up with an answer to a broad business problem that relates to economics or law. Would you like to take your boss position? One of them was resume based, and others tested on how fast the candidate could respond to real-world economic problems. The 6 Steps to Solve Any Economic Consulting Case Interview . I interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics AmbitionBox. The process had two rounds, one one-on-one, then a super day with behavioral and technical questions and a case. This question can help the interviewer understand how you approach challenges and use your critical thinking skills to solve problems. NERA Economic Consulting benefits and perks, including insurance benefits, retirement benefits, and vacation policy. 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. Opens the Fishbowl by Glassdoor site in a new window. When answering this question, try to think of something that youve been trying to improve or work on recently. NERA Economic Consulting sucht Werkstudent Competition Economics (m/w/d) A.S.I. Preferred locations; Seattle, Cali, DC, Toronto. Interview process length. Preferred locations; Seattle, Cali, DC, Toronto. Consulting. 8. See the diagram below for a clear structure of how the Marsh and McLennan Companies are organized. 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. Example: Microeconomics focuses on individual markets or industries. I applied from my economics department career website. This question can help the interviewer get a sense of your knowledge and how you learn. 2. You had some unusually varied work experience before you went to business school. A case on what is the size of the domestic market for cell phones. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. Discover Best Places to work in India. The case studies were the most difficult questions asked. Nearly every major economic consulting firm uses case interviews in their interview process. How would you analyze allegations of discriminatory lending practices? There was no case question for me but I heard other candidates have those. Then we all went to lunch from noon-1 with 2 other employees. If you are interviewing for an entry level economics consulting role, you likely wont be expected to have deep expertise in these topics. I did an in-person first interview at the school, then a final round on-site. I got to their office at 9 and there were 2 other candidates there. 204. The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. They have a wide variety of practice areas including Antitrust and Competition, and Energy, Environment, Communications and Infrastructure. What are your thoughts on the current state of the economy? Q: Talk to me about your past research. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Research Associate at NERA Economic Consulting Washington, District of Columbia, United States. 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. Give an example of when you had to perform under pressure and meet a deadline. This question is a common one in interviews, and its important to be honest. KPMG. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. The process took 2 weeks. Read more here: On 16 February at 11:00 am EST, join NERA and ISS Securities Class Action Services for a virtual discussion on securities class action trends in 2022. 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. I applied online. Free career advice, salary information, interview tips, referrals from employees at NERA Economic Consulting. What would you say is your biggest weakness as an analyst? 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). Difficult. Based on 776 salaries posted anonymously by NERA Economic Consulting Associate Analyst employees in Godalming. None of the questions were super unexpected. 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. 1. why economic consulting? 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. 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. Analytical experience? Went through my college, applied and got an online interview. 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. How are economic forecasts used in business decisions? Contribute to the database and get 1 month free* Full online access! Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. 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. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. They are looking for candidates with a strong quantitative background. Consulting Firm: NERA Economic Consulting first round full time job interview. 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. Privacy Notice | We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. 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. Case studies and behavioral questions (Why Nera, tell me about your research, etc). Applied through their website and got contacted about the first round 1-2 months later. Or, solve 6 sample cases for free! They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. What is the difference between macroeconomics and microeconomics? The number you see in the middle of the doughnut pie chart is the simple average of these scores. While the interviewer is speaking, make sure that you are taking meticulous notes on the most important pieces of information. What is an Economic Consulting Case Interview? I had 6 back to back 30-minute behavioral interviews with folks from the Antitrust & Competition and IP practices, probably explained my data project 4-5 times. The detailed ranking includes interview outcomes, length of process, interview details, and overall company . For example, I worked with a client who was considering opening a new location. (Note that because fit is very important to NERA, each office hires separately. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. However, NERA people the ones who stay love their work, find it interesting and challenging, and enjoy working with the high profile cases that the best economic consulting firm in the industry offers them. Interview Questions. An example of how you overcame a problem, dealing with messy data, etc. I interviewed at NERA Economic Consulting (New York, NY). 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. 199. If we were to ask your previous manager what your greatest strength was, what would they say? Business acumen: Do you have a basic understanding of fundamental business and economics concepts? Consulting Firm: NERA Economic Consulting first round full time job interview. Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? 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. first round: phone interview. Your economic consulting case interviews will give you a taste of what it would be like to be an economic consultant. You had experience in, how do you think NERA will benefit from these experiences? Example: I am highly organized, which allows me to complete my projects on time. Health Sciences Consulting. Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. No case studies. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 202. super day, on site, five one-on-one interviews. Energy Consulting. I interviewed at NERA Economic Consulting. What are some things that motivate you to go above and beyond in your job? I think I was fortunate to come across really cool economists. 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). Case Interview Question #01154: Our client, Mr. Case Type: pricing & valuation. My ability to analyze complex data has helped me discover new insights that have led to more effective solutions for clients.. 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. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. Each firm supports and offers experts to testify in litigation matters related to economics and finance. Consulting Firm: NERA Economic Consulting first round full time job interview. The first interview was a mix of behavioral and a simple case about stock price in a merger. Example: I am most interested in economic theory, particularly supply-side economics. It also allows you to see what their previous manager thought of them, which can be an important factor in deciding whether or not to hire someone. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. The final round consists of a series of interviews and a job market paper presentation. Half an hour of an HR interview and two case studies. The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. That means being smart about grabbing it from inside its own ranks, not just outside. 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%. WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. I interviewed at NERA Economic Consulting in May 2021. Your economic consulting case interview will begin with the interviewer giving you the case background information. What is the interview process like at NERA Economic Consulting? Its important to be honest in your answer, but try not to make it too political or controversial. The phone interview featured relatively straightforward questions and none that I found too tricky. 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 whole process takes about a month and a half. Why do you want to work at NERA Economic Consulting? Use your answer to highlight some of your most important analytical skills and how they benefit your work. That means: motivation, clearly defined research question, methodology, problems and solutions, results. 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. 146 followers . This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. Generally, youll want to follow these six steps. I interviewed at NERA Economic Consulting. Charles River Associates Once you have identified the major issues or areas that you need to explore, walk the interviewer through your framework. This firm has an amazing operation. Interview. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Seaham. AmbitionBox Interview Questions. Copyright Hacking the Case Interview 2023. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. About the Company. Its monotonous. The career path of NERA is not too different to that of other major consulting firms. Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. Any insight much appreciated. Learn more. 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. How this process will start depends on whether the case interview is candidate-led or interviewer-led. 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.. really drilled deep into stats concepts and research topics. The number you see in the middle of the doughnut pie chart is the simple average of these scores. The interview focus is largely dependent on which practice you are interviewing for. Excellent. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. This question is a great way to learn more about the candidates personality and how they interact with others. 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. HR asked some motivational questions, such as why applying for NERA, and why specific practice. Well, NERA is no MBB. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? Be prepared to explain your research/analysis in-depth and a number of times. 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. 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 have strong math skills, this can be an opportunity to show off your abilities. 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 This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. Consulting Firm: NERA Economic Consulting first round job interview. If you dont have direct experience, you can explain how your research skills helped you complete a project in the past. Are there any questions you want to ask me?You need to log in to access the rest of the page. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay. Also, check glassdoor because it helped me a lot. Not invited for the second round Of interview. 198. 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.. Focus on understanding the context of the situation and the objective of the case. Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. 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). 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. Why this particular position? NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. NERA, Monckton Chambers, and Augusta Ventures held an in-person conference exploring the UKs developments in competition litigation and expectations for 2023. ), 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. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. Consulting Firm: NERA Economic Consulting first round job interview. BCG Platinion 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. Economic Consulting. Next Thursday, NERA Senior Consultant Janeen McIntosh and ISS SCAS Executive Director Jeff Lubitz will co-host a virtual discussion, A Look Back at 2022 and Whats Ahead in 2023, covering notable securities class action trends from 2022. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. Using this method allows economists to more accurately predict future inflation rates.. 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. 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. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Two rounds of interviews with a mix of junior/senior level staff. 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.