Consulting Firm: NERA Economic Consulting first round job interview. The case studies were the most difficult questions asked. Iris Li - Research Associate - NERA Economic Consulting - LinkedIn I interviewed at NERA Economic Consulting. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. Your answer should show that you understand the importance of presentations and how to prepare for them. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. 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. Q: Talk to me about your past research. They also asked about the motivation for working in economic consulting. Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. The most difficult questions were to explain actual economic concepts to my interviewer. PDF Workshop on Search for Jobs in Economics Anthony Yezer, GWU Department Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Seaham. Congratulations to Katie Orlandi for her promotion to Director. Interview Questions. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . How are economic forecasts used in business decisions? 6. NERA Economic Consulting is a subsidiary of parent company Marsh & McLennan Companies, a Fortune 500 company in the diversified financial industry who also owns a number of firms including Mercer, an HR Consulting firm, and Oliver Wyman, a top 10 Financial/Strategy Consulting firm. 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. Add your data to unlock Full WSO Database. Tell me about yourself. I did an in-person first interview at the school, then a final round on-site. Well, NERA is no MBB. NERA Economic Consulting The career path of NERA is not too different to that of other major consulting firms. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. 4. NERA, Monckton Chambers, and Augusta Ventures held an in-person conference exploring the UKs developments in competition litigation and expectations for 2023. Please Log in or Register now.Subscriptionsstart at only $7/month. Do your recommendations make sense from a feasibility perspective? what projects I have involved in? Simple self introduction, technical questions about softwares and a case study. Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . I applied through college or university. Please calculate: 46 + 54 = ? They asked me mostly case-based questions on healthcare industry. Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. The individual interviews depend on who is on the team that's looking to hire you, so I wouldn't say there's such a thing as a "NERA" interview experience. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. I interviewed at NERA Economic Consulting (New York, NY). I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. 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. A week after I applied online, I received an invitation for a phone interview. I applied online. Prepare for 40 min, presentation, and QA partner interview. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. What is the interview process like at NERA Economic Consulting? NERA Economic Consulting case interview questions & answers This question can help the interviewer get a sense of your knowledge and how you learn. Make sure you can talk alot about all experiences you have working with data. 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. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay, England: [salary]. They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. case study interview, a case about UK electricity industry, use economics theory to explain. Overall, I think the most tricky part is actually to make your resume good enough to get noticed. The other 50%, however, did have case questions to solve mostly situational. NERA Economic Consulting benefits and perks, including insurance benefits, retirement benefits, and vacation policy. Average salary for NERA Economic Consulting Corporate Web Specialist in Seaham: 56,119. You had some unusually varied work experience before you went to business school. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. NERA Economic Consulting understands what many people can't: economics. Are you able to handle large amounts of data and interpret it effectively? Half an hour of an HR interview and two case studies. It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. NERA Economic Consulting Analyst Interview Questions The next step is to develop a framework to help you solve the case. Example: Math is very important to me because I am able to use my math skills every day at work. 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. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. 146 followers . In this first round interview all of the questions were behavioral. Director Daniel Hanson, Consultants Dr. Francis Ostermeijer and Dr. Tuba Toru Delibasi, and Economic Analyst Khalil Sabourian evaluated the impact of infection resiliency interventions on buildings in the UK for the Royal Academy of Engineering. I got to their office at 9 and there were 2 other candidates there. 10. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? What are some things that motivate you to go above and beyond in your job? Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. The current method of measuring GDP does not take into account many important factors, such as environmental sustainability or social equality. NERA Economic Consulting Research Associate Job Description: Salary Asked about mistakes in data, what certain graphs meant, and a probability question. Industry Coverage: mining & metals production. 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. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. Read their conclusions here: In the January 2023 issue of the ABA Economics Committee Newsletter, Dr. Ildik Magyari assesses the main antitrust concerns that vertical mergers can raise and the possible solutions which can combat this. See the diagram below for a clear structure of how the Marsh . 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 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. Have some insider perspective that youd like to share? 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. Easy. Online interview was purely behavioral, I talked about my data experience, favorite econ class, etc. Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. Be the first to find this interview helpful. Analysis Group They ended up reducing the cost by 15%, saving the company $150,000.. AmbitionBox. 205. We seek to recruit Students with quantitative backgrounds, particularly as they align with economics and finance, as well as in related fields such as accounting, statistics, computer science, and other associated disciplines. Your economic consulting case interview will begin with the interviewer giving you the case background information. The brain teaser was pretty hard. I applied online. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. How did you approach the situation? Anonymous Interview Candidate in Washington, DC, I applied online. Also, check glassdoor because it helped me a lot. Evidence of the high demand for NERAs economic consulting services was seen in the companys quick growth, which made NERA a target for the 80s consulting consolidation. 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. Your client wants to estimate the market size for jeans in the U.S., how would you go about doing that? 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. 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. This question is a basic test of your understanding of economics. NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. Interviewers want to know that youre aware of your weaknesses and are actively working on them. A pet shop retailer wants to open a new 400m2 shop. Nothing unexpected. NERA Economic Consulting Interview Questions | Glassdoor This question is an opportunity to show your passion for the field of economics. NERA has a large number of practice areas that the firm divides up into 5 categories: As you can see, the firm covers a much broader spectrum of practice areas than many of the core strategy consulting firms we profile. 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. There may also be a written test or case study component to the interview process. What is an Economic Consulting Case Interview? Once you have identified the major issues or areas that you need to explore, walk the interviewer through your framework. I believe that if we were able to develop a more accurate measurement of GDP, we would be better equipped to create policies that promote sustainable growth.. Industry Coverage: mass media & communications; sports, leisure & recreation. Are there any questions you want to ask me?You need to log in to access the rest of the page. While there is a broad range of business situations and problems you could face in an economic consulting case interview, there are four major types: Corporate / Advisory Cases: These cases include topics such as corporate governance and compliance, risk advisory services, transaction advisory, M&A support, and valuation. Preferred locations; Seattle, Cali, DC, Toronto. So, propose an area and provide a reason for why you want to start with that area. You may be asked to brainstorm a list of potential ideas. 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. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . Any insight much appreciated. Industry Coverage: None However, most positions will require at least one behavioral interview and one technical interview. They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. HR asked some motivational questions, such as why applying for NERA, and why specific practice. If economics isn't your strong suit, National Economic Research Associates (known as NERA Economic Consulting) can help. 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. why economic consulting? You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. Benjamin Seggerson's email & phone number - Associate Director Turner Construction Evaluates Interstate Highway Project. The second round was one day, with 5 interviews 30 minutes each. Another way to think about frameworks is brainstorming different ideas and organizing them into different categories. Dont be afraid to ask clarifying questions if you do not understand something. And lets just say this here thats not a huge surprise. 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. WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. 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. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. 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. It is also good practice to include potential next steps that you would take if you had more time or data. Interview. The environmental impact of gold mining Read the rest. Why economic consulting? 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. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Free interview details posted anonymously by NERA Economic Consulting interview candidates. Weve included each here with a point of commentary on each one below. I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. NERA Economic Consulting, Inc., or National Economic Research Associates, is an economic consulting firm founded in 1961. Glassdoor users rated their interview experience at. Example: I learned recently that there is a new way to measure inflation called chained CPI. Consulting Firm: NERA Economic Consulting 1st round full time job interview. nera economic consulting interview - isgho-sup.com Regulatory Cases: These cases include topics such as auctions and regulatory economics. Are there anything that you hate in your previous job/company? Case Type: pricing & valuation. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. KPMG. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. Do you have experience conducting research? and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. Bain & Company Case Type: business turnaround; math problem. 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. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. Case Interview Question #01003: The client Turner Construction Company is a North America-based, international construction services company and is a leading builder in highway. For example, I worked with a client who was considering opening a new location. Fit & Behavioral Interview Answer Guides and Tutorials, Leave your comment here. The 6 Steps to Solve Any Economic Consulting Case Interview . 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.. Thanks in advance. Which area of economics are you most interested in and why? The process took 4 weeks. 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. How Much to Bid for Rights to Broadcast 2022 Winter Olympics, Gold Mining Company to Mitigate Risk of Political Protests, Country Music Star to Perform Back-to-Back Shows. 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. 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, 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. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. 7. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. (Note that because fit is very important to NERA, each office hires separately. Consulting Firm: NERA Economic Consulting first round full time job interview. I also use data analysis software to help me collect relevant information from various sources. HR asked some motivational questions, such as why applying for NERA, and why specific practice. NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. 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. 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 . Why not McKinsey, BCG, Bain? NERA Economic Consulting Interview Questions | Glassdoor Free interview details posted anonymously by NERA Economic Consulting interview candidates. Analytical experience? how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. I believe that if we continue to focus on these issues, we will see more sustainable growth.. AmbitionBox Interview Questions. 9. Glassdoor users rated their interview experience at NERA Economic Consulting as 69.0% positive with a difficulty rating score of 2.96 out of 5 (where 5 is the highest level of difficulty). 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. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. A week after the phone interview, I was invited for an on-site interview. This question helps the interviewer determine if you possess the necessary skills to succeed in this role. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. Read more: NERA Economic Consulting is pleased to sponsor the Womens White Collar Defense Association. Well, NERA is no MBB. 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 . However, I am confident in my ability to work with larger datasets if needed. If youre interviewing with NERA Economic Consulting, youre in luck. How would you determine econometrically if a firm is inefficient? Free interview details posted anonymously by NERA Economic Consulting interview candidates. Example: Im motivated by helping others succeed.

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