The other ~20% come from employee referrals (18%) and application online (2%). What would you say is your biggest weakness as an analyst? 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). Based on 776 salaries posted anonymously by NERA Economic Consulting Research Officer employees in Braunton. 203. Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. Nothing unexpected. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. The process took 6 weeks. 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. An example of how you overcame a problem, dealing with messy data, etc. 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. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. 202. 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. 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. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. They asked me to draw graphs and to show them to the camera. Give an example of when you had to perform under pressure and meet a deadline. 207. A week after I applied online, I received an invitation for a phone interview. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Interviewing with NERA Economic Consulting? NERA Economics Impact Report. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. The phone interview was about 30 minutes. 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. What is something that you learned recently about economics or finance? Poor. 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. 199. Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. Then we all went to lunch from noon-1 with 2 other employees. Originally published December 15, 2020. 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. Tell me about yourself. Interview. What is an Economic Consulting Case Interview? I interviewed at NERA Economic Consulting Interview 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 How did you approach the situation? They rescheduled for me. I was a lateral hire. Est Annual Revenue: $25bn+ Website. Health Sciences Consulting. 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. Case Type: increase sales/revenues. 9. They post available internships during the winter months on Marsh & McLennans recruiting. 146 followers . 4. I think I was fortunate to come across really cool economists. 2023 National Economic Research Associates, Inc. Did you know that your browser is out of date? While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. Database of NERA Economic Consulting interview questions. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. 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. Congratulations to Katie Orlandi for her promotion to Director. The second round was an interview with a Managing Director. Your client wants to estimate the market size for jeans in the U.S., how would you go about doing that? This question is a common one in interviews, and its important to be honest. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. 1. Discussion related to relevant sector for internship but didn't require specialist knowledge. Example: Im motivated by helping others succeed. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. 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. How would you analyze allegations of discriminatory lending practices? Overall, the interview process is relatively long and can take up to two months to complete. In my case, I did not have a case and the interview was largely made up of questions regarding my past experiences and skills. One competency based interview and one economics one that covered mainly basic economic intuition on topics like natural monopolies. None of the questions were super unexpected. Data Analytics Consulting. 2005-2023 Wall Street Oasis. Senior Consultants Janeen McIntosh, Svetlana Starykh, and Edward Flores outline notable securities trends for 2022 in the annual report. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. 1. You bring your talent, energy, and dedication. Employers ask this question to learn more about your background and how it relates to the job. NERA Economic Consulting, LMI Government Consulting, Cornerstone Research, IBM Consulting, Competition Policy Analysis Group, CNA A pet shop retailer wants to open a new 400m2 shop. 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. Industry Coverage: engineering, construction; government, public sector. You should be able to solve your economic cases without having to rely on outside knowledge. The approach to solving economic consulting cases is generally the same as traditional case interviews. Which area of economics are you most interested in and why? The other two were behavioral and with younger staff/analysts. Communication skills: Can you communicate in a clear, concise way? 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. That means being smart about grabbing it from inside its own ranks, not just outside. As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. The next step is to develop a framework to help you solve the case. That being said, NERA is still a major player in the consulting industry and heres why: NERA Economic Consulting is one of the top economicconsulting firms. Q: Talk to me about your past research. My ability to analyze complex data has helped me discover new insights that have led to more effective solutions for clients.. H&Z sucht Praktikant Business Intelligence (w/m/d) Deutsche Bundesbank sucht Bundesbank-Referendariat (m/w/d) or Want to Sign up with your social account? A client has a budget of xx, what would you do with it? Know about salary and benefits expectations before the interview . Explain to me an economic concept that you find most interesting. https://t.co/6uK69f6bp0. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. Generally, youll want to follow these six steps. 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. 5. 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. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. 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. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. Why do you want to work at NERA Economic Consulting? I stayed late every night for two weeks until I completed the project.. The process took 2 weeks. 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). The firms are hip and cool, and people are valued for contributions not positions. Regulatory Cases: These cases include topics such as auctions and regulatory economics. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. The final round consists of a series of interviews and a job market paper presentation. I interviewed at NERA Economic Consulting in Jan 2023. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. The deadline was tight, but I knew I could do it if I worked hard enough. 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. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. Opens the Fishbowl by Glassdoor site in a new window. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. Read more here. Or, solve 6 sample cases for free! Half an hour of an HR interview and two case studies. Describe one of your research experiences using Excel or Stata. Interview. 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. This question is a basic test of your understanding of economics. 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. NERA Economic Consulting benefits and perks, including insurance benefits, retirement benefits, and vacation policy. I applied online. 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). Panelists will dive into settlements, filings, special cases, and what to expect in 2023. Interviewed for one hour. Are there any particular projects or areas that you would enjoy working on at our firm? Using this method allows economists to more accurately predict future inflation rates.. They then go in depth in asking you to explain past research you have done. In this first round interview all of the questions were behavioral. Are you pleasant to be around? This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. There was no case question for me but I heard other candidates have those. 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. The first interview was a mix of behavioral and a simple case about stock price in a merger. Do your recommendations make sense from a feasibility perspective? However, most positions will require at least one behavioral interview and one technical interview. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. They may ask a few questions or provide some feedback. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. What is the interview process like at NERA Economic Consulting? Its monotonous. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. A week after the phone interview, I was invited for an on-site interview. Copyright Hacking the Case Interview 2023. There is generally no right or wrong area of your framework to pick first. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. The second interview was superday style with 4 back to back interviews. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. The process took 2+ months. Industry Coverage: None Number of Questions: 207. Economic consulting is mostly a type of paralegal work. Example: I graduated from Boston University with a bachelors degree in economics. Well, NERA is no MBB. Well, NERA is no MBB. 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. Make sure you have a compelling story about yourself that leads to why you are interested in the job. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. The first interview was a 30 min one-on-one interview with one of their analyst. Also, check glassdoor because it helped me a lot. You had some unusually varied work experience before you went to business school. 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) >. Its important to be honest, but also highlight some of your best qualities that will make you an asset to the organization. Any insight much appreciated. We'll give you the experience, opportunity, and support to grow. Example: I am most interested in economic theory, particularly supply-side economics. Here are a number of groups you could participate in while working at NERA Economic Consulting. Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . I got to their office at 9 and there were 2 other candidates there. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. NERA highlights 5 core values on their website. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. There may also be a written test or case study component to the interview process. 5. The HR and the case study consultants were all nice and friendly. HR asked some motivational questions, such as why applying for NERA, and why specific practice. This helped them decide whether or not to open the new store.. BCG Platinion New York, NY. Can you use logic and reason to make appropriate conclusions? 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. This is a little bit silly. what projects I have involved in? Prepare for 40 min, presentation, and QA I applied online. 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. Why should we not hire you? Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. What are some things that motivate you to go above and beyond in your job? 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. You could also be asked to provide your opinion on a particular business issue or situation. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. You had experience in, how do you think NERA will benefit from these experiences? Consulting Firm: NERA Economic Consulting first round job interview. 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. If you dont have direct experience, you can explain how your research skills helped you complete a project in the past. The interviewers were very interested in the candidate's statistical skills. For example, it might study how consumers make purchasing decisions in one industry. After all, running the same statistical regressions on 2 different industries isnt really that different at the end of the day. nera economic consulting interview Isgho Votre ducation notre priorit Infos und Tipps zu MBA-Studium, Berufseinstieg und Karriere. The case studies were the most difficult questions asked. 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. Privacy Notice | What interests you about working with clients? I interviewed at NERA Economic Consulting. On a scale of 1-10 how important is math to you? A case on what is the size of the domestic market for cell phones. What are your selling points? Once you have identified the major issues or areas that you need to explore, walk the interviewer through your framework. Tell us about your educational background. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. What analysis, what program skills you know. The current method of measuring GDP does not take into account many important factors, such as environmental sustainability or social equality.
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