really drilled deep into stats concepts and research topics. Industry Coverage: None 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. Industry Coverage: engineering, construction; government, public sector. Bain & Company The second round was an interview with a Managing Director. The phone interview featured relatively straightforward questions and none that I found too tricky. The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. Case Interview Question #01154: Our client, Mr. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. 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. The key to answering qualitative questions is to structure your answer. The first interview was a 30 min one-on-one interview with one of their analyst. Does this vary by practice area? If you found this article helpful, youll love our comprehensive case interview course. 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. Interview. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. To combat this, Ive started taking short breaks throughout the day to reflect on the bigger picture.. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. Economic consulting is mostly a type of paralegal work. Student. Ive always been someone who likes to solve problems, so this job is a great fit for me., Common NERA Economic Consulting Interview Questions. I interviewed at NERA Economic Consulting in Oct 2022. Any insight much appreciated. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Your economic consulting case interview will begin with the interviewer giving you the case background information. what projects I have involved in? Example: I have worked with large datasets before, although I prefer working with smaller sets that are more manageable. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Based on 1 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay, England. In this first round interview all of the questions were behavioral. 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.. KPMG. Prepare for 40 min, presentation, and QA Discover Best Places to work in India. They are looking for candidates with a strong quantitative background. On average, Steven Failla works for one company for 2 years 2 months. 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. Prepare for 40 min, presentation, and QA partner interview. HR asked some motivational questions, such as why applying for NERA, and why specific practice. I interviewed at NERA Economic Consulting. Nothing was particularly difficult. The carbon dividends model generates an extra $190 billion in economic output, on average, per year compared to the . Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. Although NERA is concentrated on the East Coast of the U.S., NERA reviews the global economic landscape. 198. 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. 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. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. Example: Ive worked on several research projects throughout my career, including one where I analyzed the economic impact of a new highway construction project and another where I researched the effects of tax reform on small businesses. The technical interviews will . Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. Continue Reading In my case, I did not have a case and the interview was largely made up of questions regarding my past experiences and skills. The second round was an interview with a Managing Director. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. Are you pleasant to be around? 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. Why do you want to work at NERA Economic Consulting? Why should we not hire you? 06 December 2021 They asked me to draw graphs and to show them to the camera. In addition, especially as you get more senior in the firm, many people are very NERA-proud because the firm is privately-owned, NERA reportedly took great care of its team during the downturn, when other large consulting firms churned major layoffs. The 6 Steps to Solve Any Economic Consulting Case Interview . The firm initially consisted of 17 employees and the 2 founders. M&M companies are traditionally excellent pioneers of diversity and inclusion culture check out the below under Interviews & Recruiting. 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. 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. This is because lowering taxes incentivizes businesses to invest more money back into their companies, which leads to increased productivity.. I interviewed at NERA Economic Consulting in Jan 2023. Make sure to keep these qualities in mind when going into your economic consulting case interview. Please Log in or Register now.Subscriptionsstart at only $7/month. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. 204. Consulting Firm: NERA Economic Consulting first round full time job interview. Human Resources Consulting. Describe a time where you were given a task with limited information. 8. You had experience in, how do you think NERA will benefit from these experiences? AmbitionBox Interview Questions. A maths problem based around the concept of game theory. I believe that if we continue to focus on these issues, we will see more sustainable growth.. 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. one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. The process took 2 weeks. 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. Originally published December 15, 2020. Can you conduct the right analyses to draw the right conclusions? 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. Why NERA? Example: Im motivated by helping others succeed. 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. They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. Consulting Firm: NERA Economic Consulting first round job interview. My studies helped me understand how businesses work and what factors influence them. Personality and cultural fit: Are you coachable and easy to work with? Regulatory Cases: These cases include topics such as auctions and regulatory economics. A week after the phone interview, I was invited for an on-site interview. Kid Country, is the purveyor of an increasingly unpopular form of hybrid rap/rock/country music. None of the questions were super unexpected. Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. The process took 2 weeks. 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. 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. The second round was an interview with a Managing Director. Your answer should show that you understand the importance of presentations and how to prepare for them. 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) >. 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). About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . One first round phone interview followed by a super day. how much should they spend on advertising? For example, it might study how consumers make purchasing decisions in one industry. 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. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Thanks in advance The whole process is not really intimidating but the feedback is quite slow. Continue Reading 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. 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. What is something that you learned recently about economics or finance? On a scale of 1-10 how important is math to you? KPMG. Case Type: business turnaround; math problem. Financial Consulting. You will be expected to present findings from time to time, how would you prepare for a presentation? Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? 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. The process took 6 weeks. If we were to ask your previous manager what your greatest strength was, what would they say? 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. The process took 2 weeks. 6. This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. 7. Here are a number of groups you could participate in while working at NERA Economic Consulting. 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%. Industry Coverage: mining & metals production. Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. I stayed late every night for two weeks until I completed the project.. This question is an opportunity to show your enthusiasm for the role and the company. 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.. WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. The interviewer asked me to introduce myself and then asked about my research paper. Q: Tell me about yourself. Charles River Associates The interview process at NERA Economic Consulting can vary depending on the position you are applying for. So, propose an area and provide a reason for why you want to start with that area. In your answer, define macroeconomics and microeconomics and explain how they differ from each other. Asked about previous research experience and especially quantitative experience. Nothing unexpected. 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. I interviewed at NERA Economic Consulting. How did you approach the situation? Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. Research Associate at NERA Economic Consulting Washington, District of Columbia, United States. We'll give you the experience, opportunity, and support to grow. 4. 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. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. BCG Platinion 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. NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. Employers ask this question to learn more about your background and how it relates to the job. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. This question is an opportunity to show your passion for economics and how you can make a difference. 8 NERA Economic Consulting Internship interview questions and 9 interview reviews. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. The firms are hip and cool, and people are valued for contributions not positions. Using this method allows economists to more accurately predict future inflation rates.. Example: I am most interested in economic theory, particularly supply-side economics. The firm provides economic advice, analysis, expert testimony, and regulatory insight for global clients throughout North America, Latin America, Europe, and the Asia-Pacific region. NERAs first clients were in the natural gas industry. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. For me it was because I used a cool dataset for my research. I would rate my math skills at a 9 out of 10.. It is also good practice to include potential next steps that you would take if you had more time or data. Make sure you use the STAR method. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. 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). Difficult. They might know your approach was right, but they want to make sure you can explain why (kind of like a stress test). Describe one of your research experiences using Excel or Stata. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. Your client wants to estimate the market size for jeans in the U.S., how would you go about doing that? 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. 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. If you dont have direct experience, you can explain how your research skills helped you complete a project in the past. 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. Interviewers want to know that youre aware of your weaknesses and are actively working on them. 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. However, folks are hired for brains, not wit, so be prepared to stay pretty serious while on the job and know that youll be chained to your desk more than you would at MBB or even a financial advisory firm. 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. 202. Are you able to handle large amounts of data and interpret it effectively? NERA Economics Impact Report. In fact, I find that breaking down a large dataset into smaller chunks makes it easier for me to analyze and understand the information.. 207. AmbitionBox. That being said, NERA is still a major player in the consulting industry and heres why: NERA Economic Consulting is one of the top, Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. You had some unusually varied work experience before you went to business school. Please calculate: 46 + 54 = ? The process had two rounds, one one-on-one, then a super day with behavioral and technical questions and a case. What are your thoughts on the current state of the economy? Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. 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.. NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. In the last step of the economic consulting case interview,youll present your recommendation and provide the major reasons that support it. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. 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. We conducted an economic forecast to determine if there would be enough demand for their products at this location. Are there any questions you want to ask me?You need to log in to access the rest of the page. 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. 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. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. 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. Panelists will dive into settlements, filings, special cases, and what to expect in 2023. Common stages of the interview process at NERA Economic Consulting according to 184 Glassdoor interviews include: 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. 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. Why economic consulting? The exception at NERA are clients who testify as expert witnesses they are the ultimate kings but behind the scenes, if you do good work, youll get promoted early or will receive accelerated responsibility. Health Sciences Consulting. I have worked on many projects where we were given tight deadlines and strict budgets, but I always managed to meet expectations while maintaining high-quality work.. Well, NERA is no MBB. Half an hour of an HR interview and two case studies. The consultancy that started up in 1961 with only 17 employees currently has 500+ employees and is a global authority on economics with an impressive client list from over 130 countries and in dozens of industries. super day, on site, five one-on-one interviews. Its monotonous. Its important to be honest in your answer, but try not to make it too political or controversial. Give an example of when you had to perform under pressure and meet a deadline. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. The final round consists of a series of interviews and a job market paper presentation. The final round was five back-to-back interviews at their New York office. 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. After all, running the same statistical regressions on 2 different industries isnt really that different at the end of the day. 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. McKinsey & Company The number you see in the middle of the doughnut pie chart is the simple average of these scores. The deadline was tight, but I knew I could do it if I worked hard enough. I interviewed at NERA Economic Consulting. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Average salary for NERA Economic Consulting Corporate Web Specialist in Seaham: 56,119. Please. It studies things like inflation rates, unemployment levels and gross domestic product.. 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 . I interviewed at NERA Economic Consulting (New York, NY). A client has a budget of xx, what would you do with it? Diversity groups are called Employee Network Groups in Marsh & McLennan companies. I interviewed at NERA Economic Consulting (London, England) in Mar 2017. Aktuelle Stellenanzeigen und Praktika. 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. Example: One thing I think needs to change in the field of economics is the way we measure GDP. The second interview was superday style with 4 back to back interviews. 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. Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. Free interview details posted anonymously by Charles River Associates interview candidates. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. 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. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. How would you analyze allegations of discriminatory lending practices? It felt rather informal and laid-back. ), 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. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. Microeconomics materials should be reviewed for the preparation. On a scale of 1-10 where 1 is Easy and 10 is Difficult, rating is 5. Consulting Firm: NERA Economic Consulting first round full time job interview. Industry Coverage: entertainment, performing arts. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. 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 . Example: I am highly organized, which allows me to complete my projects on time. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting.
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