A current research associate interviewed me and asked basic questions regarding previous research projects and analytical skills such as if I know any programming skills, R, Python, or STAT. Went through my college, applied and got an online interview. 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 case study interview, a case about UK electricity industry, use economics theory to explain. The first interview was a mix of behavioral and a simple case about stock price in a merger. 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. This helped them decide whether or not to open the new store.. Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. The final round was five back-to-back interviews at their New York office. It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. 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. Continue Reading NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. Are you able to handle large amounts of data and interpret it effectively? Once you have identified the major issues or areas that you need to explore, walk the interviewer through your framework. I interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics 10. If you lay out and present your structure to solve the quantitative problem and the interviewer approves of it, the rest of the problem is simple execution of math. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. Q: Talk to me about your past research. Describe a time where you were given a task with limited information. Can you conduct the right analyses to draw the right conclusions? Based on 1 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay, England. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. The first interview was a 30 min one-on-one interview with one of their analyst. What interests you about working with clients? 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. They ended up reducing the cost by 15%, saving the company $150,000.. 200. The process took 3 weeks. 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. What is economic consulting? The deadline was tight, but I knew I could do it if I worked hard enough. Make sure you have a compelling story about yourself that leads to why you are interested in the job. I interviewed at NERA Economic Consulting. 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. Interview Type: Behavioral and Fit Interviews. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. The construction costs $1B, but your client would . This firm has an amazing operation. This interview was based mostly of behavioral and technical questions. Bain & Company 3. 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. Why not McKinsey, BCG, Bain? 2. Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. A pet shop retailer wants to open a new 400m2 shop. When brainstorming a list of ideas, develop a structure to help you neatly categorize all of your ideas. In Europe, Australia, and New Zealand, the career path in terms of responsibilities is pretty similar although they decided to switch up the names and number of positions to be more culturally relevant reflecting that an MBA is non-mandatory and direct promotion is a standard although the titles are also more confusing due to the lack of a global standard (which would never happen at McKinsey or BCG): Research Officer Analyst Consultant Senior Consultant Associate Director Director, NERA Economic Consulting offers a limited number of 10-week summer internships to undergrads who are currently working on their BA/BS. Finally, during the interview process, NERA Economic Consulting commonly administers a behavioral test to see how well you would fit on your team. I interviewed at NERA Economic Consulting (New York, NY). 2. 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. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. 202. Why this particular position? 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. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. They rescheduled for me. Charles River Associates 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. You could also be asked to provide your opinion on a particular business issue or situation. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. 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. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. Its important to be honest in your answer, but try not to make it too political or controversial. The number you see in the middle of the doughnut pie chart is the simple average of these scores. 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. NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. This question helps the interviewer determine if you possess the necessary skills to succeed in this role. 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. As for cases, ~50% of candidates last year did not having any case questions come up in the interview at all. This is a little bit silly. Mit Studienbeitrgen zu BWL, VWL und Wirtschaftsinformatik. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . NERA Economic Consulting. Free career advice, salary information, interview tips, referrals from employees at NERA Economic Consulting. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. NERA has developed quite a reputation, but has managed to keep itself small, clearly focused and prestigious in the process. Are you pleasant to be around? 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. The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. This question can help the interviewer get a sense of your economic knowledge and how you view current events. And they all knew my name, which was pleasantly surprising. 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. This question can help the interviewer get a sense of your knowledge and how you learn. 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. Why economic consulting? A NERA Economic Consulting Research Associate typically has a wide range of responsibilities, which can include: Assist in the development of economic models and analysis for litigation, regulatory, and corporate finance matters. 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. Example: In my last role as a financial analyst for a large corporation, I was tasked with creating a budget for the companys marketing department. They asked me mostly case-based questions on healthcare industry. A week after I applied online, I received an invitation for a phone interview. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. Originally published December 15, 2020. I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. Asked about previous research experience and especially quantitative experience. Case Type: investment. Case Interview Question #01371: The 2022 Winter Olympic Games is an international winter multi-sport event that is scheduled to take place from February 4, 2022 to February 20, 2022, in Beijing and towns in the neighboring Hebei Read the rest. A client has a budget of xx, what would you do with it? None of the questions were super unexpected. Example: I graduated from Boston University with a bachelors degree in economics. 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. Interview process at NERA Economic Consulting. Bain & Company 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. Industry Coverage: entertainment, performing arts. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. AmbitionBox Interview Questions. 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 . 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). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. Also, check glassdoor because it helped me a lot. It also helps them determine if you are likely to be challenged by the work they do at NERA. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. This button displays the currently selected search type. 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. You may be asked to brainstorm a list of potential ideas. When answering this question, try to think of something that youve been trying to improve or work on recently. 8 NERA Economic Consulting Internship interview questions and 9 interview reviews. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. I was a lateral hire. Weve included each here with a point of commentary on each one below. Tell us about your educational background. 101 Great Answers To The Toughest Interview Questions, 201 Best Questions To Ask On Your Interview, 201 Knockout Answers To Tough Interview Questions, High Impact Interview Questions: 701 Behavior Based Questions, How To Succeed At Interviews: Over 200 Interview Questions, Nail The Job Interview: 101 Dynamite Answers To Interview Questions, How To Answer The 64 Toughest Interview Questions, Fit & Behavioral Interview Skills That Win The Job. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 9. 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. If the case interview is a candidate-led case, youll be expected to propose what area of your framework to start investigating. 5. The HR and the case study consultants were all nice and friendly. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? Read more: NERA Economic Consulting is pleased to sponsor the Womens White Collar Defense Association. I applied online. What are your selling points? 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. Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. Add your data to unlock Full WSO Database. M&M companies are traditionally excellent pioneers of diversity and inclusion culture check out the below under Interviews & Recruiting. This makes sense to us in a smaller firm (only 500 people vs. the 3000+ at MBB), you dont always need to rely on standardized practices the hypothesis is that good people can identify other good people. Analysis Group This question can help the interviewer get a sense of your personality and how you might fit in with their team. 1. how much should they spend on advertising? 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. Interviewing with NERA Economic Consulting? Consulting. Have some insider perspective that youd like to share? 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. KPMG. Example: I am most interested in economic theory, particularly supply-side economics. 201. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. Key summary if you work at NERA, you might not love every second of every day, but over time youll accrue valuable data analysis skills that will enable you to transfer into industry but in a lower-level position, with a weaker strategic toolkit than you would at MBB. I think they answered truthfully or to the best of their knowledge. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. 203. Consulting Firm: NERA Economic Consulting first round full time job interview. The technical interviews will focus on your economic knowledge and research skills. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. 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. Example: Im motivated by helping others succeed. 1 NERA Economic Consulting Consultant Securities interview questions and 1 interview reviews. Discover Best Places to work in India. It studies things like inflation rates, unemployment levels and gross domestic product.. I love being able to use my skills to find solutions for clients who are facing challenges or need advice on how to improve their business. The key reason? The firms are hip and cool, and people are valued for contributions not positions. I applied through the campus recruiting program, and was invited for a first round interview on campus, where I spoke to one senior level person. The case studies were the most difficult questions asked. The interview lasted about 30 min with one consultant. Or, solve 6 sample cases for free! The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company. Industry Coverage: None 8. NERA Economic Consulting 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. In my case, I did not have a case and the interview was largely made up of questions regarding my past experiences and skills. Interviewers want to know that youre aware of your weaknesses and are actively working on them. They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. It was important for me to know my resume inside and out. It also tests your ability to apply what you know about the field to real-world situations. The other two were behavioral and with younger staff/analysts. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. 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. Thanks in advance. NERA Economic Consulting is a global consulting firm comprised of experts dedicated to using finance, economic, and quantitative principles to tackle complex legal and business challenges. Consulting Firm: NERA Economic Consulting first round full time job interview.
nera economic consulting interview