The interview process was through my school. The final round was five back-to-back interviews at their New York office. 204. Best Economic Consulting Firms - Firsthand It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. NERA Economic Consulting Case Interviews - Management Consulted 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. In their recent article, Dr. Verena Hahn, Dr. Yves Herv, Dr. Jens Rubart, and Dr. Salem Saljanin showcase how the Shapley value concept can be utilized for multinational corporations profit allocation. And they all knew my name, which was pleasantly surprising. 207. I interviewed at NERA Economic Consulting in Jan 2023. 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. 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. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. The second interview was superday style with 4 back to back interviews. They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. Why should we not hire you? NERA has one president, currently Dr. Lawrence Wu, one chairman, currently Dr. Andrew Carron, and ~40 senior vice presidents/directors, ~40 vice presidents/associate directors, and ~50 senior consultants/principals. Charles River Associates Economic Consultant Interview Questions The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. 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. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. If you have strong math skills, this can be an opportunity to show off your abilities. 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. Student. The phone interview was about 30 minutes. nera economic consulting interview - isgho-sup.com Preferred locations; Seattle, Cali, DC, Toronto. They also asked about the motivation for working in economic consulting. Amy Wormley on LinkedIn: NERA Economic Consulting is hiring. Come join Then they asked how I would estimate the losses caused by those ads. If you found this article helpful, youll love our comprehensive case interview course. This question is an opportunity to show your enthusiasm for the role and the company. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. 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. 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. NERA Economic Consulting Interview Questions | Glassdoor NERA Economic Consulting case interview questions & answers Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. All Rights Reserved. However, if you have many years of work experience and are interviewing for a more senior role, theres more of an expectation that you have expertise in some of these topics. 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). Just MAKE SURE you network at such a small firm, a blind resume drop means nothing and an employee recommendation means everything. 3. They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. 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. Fit & Behavioral Interview Answer Guides and Tutorials, Leave your comment here. You should be able to solve your economic cases without having to rely on outside knowledge. nera economic consulting interview Isgho Votre ducation notre priorit 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. Use your answer to highlight some of your most important analytical skills and how they benefit your work. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. Example: One thing I think needs to change in the field of economics is the way we measure GDP. NERA Economics Impact Report. What is an Economic Consulting Case Interview? This question can help the interviewer understand how you handle conflict and disagreements in the workplace. Overall experience. 8. Consulting Firm: NERA Economic Consulting first round full time job interview. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. I got to their office at 9 and there were 2 other candidates there. Consulting Firm: NERA Economic Consulting first round full time job interview. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. This question can help the interviewer get a sense of your knowledge and how you learn. For me it was because I used a cool dataset for my research. Not invited for the second round Of interview. Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. I received an offer a few weeks later. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? NERA Economic Consulting Interview Questions | Wall Street Half an hour of an HR interview and two case studies. If a NERA consultant isnt thinking about leaving consulting, but wants a different focus, there are also opportunities for consultants to transition inside the Marsh & McLennan organization to management consulting at. 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 construction costs $1B, but your client would . At NERA, the fit questions are of utmost importance they want to know you have integrity, smarts and skills so it would definitely be to your advantage to be well prepared. Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. The most difficult questions were to explain actual economic concepts to my interviewer. The technical interviews will . This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. The technical interviews will focus on your economic knowledge and research skills. Example: I am highly organized, which allows me to complete my projects on time. Looking for case interview practice partners? Poor. The other hard thing to prepare was various ways to code into STATA or R specific econometric models. Anonymous Interview Candidate in Washington, DC, I applied online. Health Sciences Consulting. Interview Type: Behavioral and Fit Interviews. 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. Industry Coverage: None Number of Questions: 207. Overall, I think the most tricky part is actually to make your resume good enough to get noticed. It was impressive to see all the support from the professional staff (HR, IT, front desk) who worked to make this all-day event run smoothly (scheduling, video conferencing, office transitions). case study interview, a case about UK electricity industry, use economics theory to explain. 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. how do you choose which ones to do? After all, running the same statistical regressions on 2 different industries isnt really that different at the end of the day. A framework is a tool that helps you structure and break down complex problems into smaller, more manageable components. Industry Coverage: mass media & communications; sports, leisure & recreation. All online. If you are considering alternative resources to use, below are the two books we recommend. I interviewed at NERA Economic Consulting (London, England) in Mar 2017. 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 second round was an interview with a Managing Director. Diversity groups are called Employee Network Groups in Marsh & McLennan companies. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. Analysis Group Economic consulting cases typically have some quantitative aspect to them. However, I am confident in my ability to work with larger datasets if needed. 2023 National Economic Research Associates, Inc. Did you know that your browser is out of date? Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. NERA Economic Consulting | LinkedIn The next step is to develop a framework to help you solve the case. | Interviewed for one hour. NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. NERA Economic Consulting Associate Analyst Salaries in Godalming Your economic consulting case interview will begin with the interviewer giving you the case background information. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Can you use logic and reason to make appropriate conclusions? A significant amount of NERAs recruits (we estimate 80%+) come from the firms campaigns at standard target schools (see below for list of target schools). Difficult. Describe one of your research experiences using Excel or Stata. 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. I also use data analysis software to help me collect relevant information from various sources. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. 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. Please calculate: 46 + 54 = ? Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. 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. What interests you about working with clients? Continue Reading 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. NERA Economic Consulting Analyst Interview Questions 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. Nothing was particularly difficult. 2nd round had 3 case studies, behavioral and technical questions. It also tests your ability to apply what you know about the field to real-world situations. 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. Very unprofessional. NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. The higher the number, the more difficult the interviews on average. 9. 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. Social: Company Overview; All Interviews (20) All Salaries (45) All Reviews (19 . Industry Coverage: engineering, construction; government, public sector. Presentations are a common part of working in consulting. 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. 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.. This question is a common one in interviews, and its important to be honest. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. Director Dr. Vladimir Starkov offers tips on how businesses that rely on provisions of Puerto Rico Act 60 can prepare documents of related-party transactions to avoid IRS penalties for misstating export services income. Learn more. I am especially interested in working here because of the firms commitment to diversity and inclusion. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. Please. The interviewers were very interested in the candidate's statistical skills. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, 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 In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. 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. Privacy Notice | If you hover over the various sections of the donut, you will see the % breakdown of each score given. Employers ask this question to learn more about your background and how it relates to the job. The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. 200. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? A pet shop retailer wants to open a new 400m2 shop. The hiring process at NERA Economic Consulting takes an average of 26 days when considering 184 user submitted interviews across all job titles. 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. Energy Consulting. Explain to me an economic concept that you find most interesting. 100+ NERA Economic Consulting Interview Questions & Answers
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