nera economic consulting interview nera economic consulting interview

You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. first round: phone interview. Find contacts: direct phone number, email address, work experience. My studies helped me understand how businesses work and what factors influence them. As you can see, compared to traditional case interviews, economic consulting cases may require more specialized knowledge of economics, finance, or law. In my last role, I worked with a client who was having trouble finding qualified employees for their factory. NERA Economic Consulting is looking for candidates who have strong analytical skills. 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. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. Interviewers ask this question to learn more about your ability to work under pressure and meet deadlines. They rescheduled for me. This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. Contribute to the database and get 1 month free* Full online access! For example, I worked with a client who was considering opening a new location. Prepare for 40 min, presentation, and QA In the January issue of the Wiley journal Climate and Energy, Managing Director Dr. Jeff D. Makholm examines the European natural gas disaster (so far). Cookies Notice | Interviewing with NERA Economic Consulting? Thanks in advance. Also, make sure you know your research inside out. 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. Are there anything that you hate in your previous job/company? On a scale of 1-10 how important is math to you? 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. After all, running the same statistical regressions on 2 different industries isnt really that different at the end of the day. The deadline was tight, but I knew I could do it if I worked hard enough. Number of Questions: 207. 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. I applied in-person. NERA, Monckton Chambers, and Augusta Ventures held an in-person conference exploring the UKs developments in competition litigation and expectations for 2023. 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). I applied through college or university. 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). Can you conduct the right analyses to draw the right conclusions? 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. The approach to solving economic consulting cases is generally the same as traditional case interviews. Consulting Firm: NERA Economic Consulting first round full time job interview. Q: Talk to me about your past research. 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. Example: Microeconomics focuses on individual markets or industries. While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. *, You need to log in to access the rest of the page. You could also be asked to provide your opinion on a particular business issue or situation. If youre interviewing with NERA Economic Consulting, youre in luck. I applied online. 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 question can help the interviewer get a sense of your economic knowledge and how you view current events. 8. The other hard thing to prepare was various ways to code into STATA or R specific econometric models. The only information I had to go off of was what the department head told me about their current spending habits. 203. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. The key reason? 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. They asked me mostly case-based questions on healthcare industry. Case Type: pricing & valuation. 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. Example: I am highly organized, which allows me to complete my projects on time. What is the difference between macroeconomics and microeconomics? This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. I interviewed at NERA Economic Consulting. What interests you about working with clients? Please calculate: 46 + 54 = ? Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Example: I learned recently that there is a new way to measure inflation called chained CPI. Thanks in advance Consulting Firm: NERA Economic Consulting 1st round full time job interview. Interview Questions. If the case interview is a candidate-led case, youll be expected to propose what area of your framework to start investigating. Yes. case study interview, a case about UK electricity industry, use economics theory to explain. The firm advises government divisions, law firms, and major global corporations on governmental regulation (like anti-trust rulings), public policy implications, public, competitive forces,and private financing. McKinsey & Company one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. It studies things like inflation rates, unemployment levels and gross domestic product.. This question can help the interviewer understand how you approach challenges and use your critical thinking skills to solve problems. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? The other ~20% come from employee referrals (18%) and application online (2%). Overall experience. Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? Weve included each here with a point of commentary on each one below. The process took 2 weeks. NERA Economics Impact Report. The interview focus is largely dependent on which practice you are interviewing for. Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. By 1971, 10 years after its founding, NERA had more than 60 staff and in 1974 the company opened their first West Coast office in LA. If you dont have direct experience, you can explain how your research skills helped you complete a project in the past. Example: Math is very important to me because I am able to use my math skills every day at work. NERA Economic Consulting, Inc., or National Economic Research Associates, is an economic consulting firm founded in 1961. Behavioral questions such as what is your favorite course? Based on 776 salaries posted anonymously by NERA Economic Consulting Associate Analyst employees in Godalming. 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. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. The most difficult questions were to explain actual economic concepts to my interviewer. Give an example of when you had to perform under pressure and meet a deadline. 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 firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . ), 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. All online. 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. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. how much should they spend on advertising? 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. To combat this, Ive started taking short breaks throughout the day to reflect on the bigger picture.. Continue Reading AmbitionBox Interview Questions. how do you evaluate the legal environment in a state and its influence on business development, Get started with your Free Employer Profile, Research Officer - Energy, Environment, Communication and Infrastructure (1), Research Associate for Antitrust Practice (1), The Ultimate Job Interview Preparation Guide. Does this vary by practice area? Consulting Firm: NERA Economic Consulting first round full time job interview. Aktuelle Stellenanzeigen und Praktika. 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. Be transparent, show genuine interest in the interviewer, be uniquely yourself (but not weird), and most importantly, dont let the laid back atmosphere be an excuse to let your guard down too much. The company asked for resume, transcript, writing sample, and recommendation. 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. Your answer should show that you have an interest in learning about economics or finance, but it should also highlight any specific skills youve developed recently. 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 detailed ranking includes interview outcomes, length of process, interview details, and overall company . We'll give you the experience, opportunity, and support to grow. The process took 3 weeks. 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. HR asked some motivational questions, such as why applying for NERA, and why specific practice. 4. NERA has established quite a global presence with 26+ offices in North America, Europe, and Asia Pacific. Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. Please Log in or Register now.Subscriptionsstart at only $7/month. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? Why not McKinsey, BCG, Bain? They asked me to draw graphs and to show them to the camera. Employers ask this question to learn more about your background and how it relates to the job. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. Analytical experience? The interview consisted of some general questions and a brain teaser. They then go in depth in asking you to explain past research you have done. You bring your talent, energy, and dedication. NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. Not invited for the second round Of interview. Industry Coverage: mining & metals production. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? What is an Economic Consulting Case Interview? Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. You will be expected to present findings from time to time, how would you prepare for a presentation? Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. Thanks in advance BCG Platinion This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. This is because lowering taxes incentivizes businesses to invest more money back into their companies, which leads to increased productivity.. Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. Half an hour of an HR interview and two case studies. Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. Example: I would first make sure I have all my materials ready, including any visuals or slides I may need. I interviewed at NERA Economic Consulting. For example, when President Trump signed his tax reform bill into law last year, he was able to increase GDP by 0.7% over the next two years. Industry Coverage: mass media & communications; sports, leisure & recreation. The whole process takes about a month and a half. The second round was an interview with a Managing Director. 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. Interview process length. The higher the number, the more difficult the interviews on average. Case Type: pricing & valuation. 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. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Thanks in advance. 207. 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. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. nera economic consulting interview Isgho Votre ducation notre priorit NERA Economic Consulting sucht Werkstudent Competition Economics (m/w/d) A.S.I. Continue Reading Interview. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. If you are considering alternative resources to use, below are the two books we recommend. However, I am confident in my ability to work with larger datasets if needed. 3. They had a set of graphs that you would typically see in a statistics course or an econometrics course, like a QQ-plot, etc. 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. For example, you may be asked to calculate a certain profitability or financial metric. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay. 5. The most important part of this step is to verify the objective of the case. 204. However, NERA people the ones who stay love their work, find it interesting and challenging, and enjoy working with the high profile cases that the best economic consulting firm in the industry offers them. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. 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. When brainstorming a list of ideas, develop a structure to help you neatly categorize all of your ideas. Make sure to keep these qualities in mind when going into your economic consulting case interview. Does this vary by practice area? 10. I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. Industry Coverage: mass media & communications; sports, leisure & recreation. Poor. I applied from my economics department career website. 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 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. Est Annual Revenue: $25bn+ Website. Industry Coverage: None 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Anonymous interview candidate in New York City, Anonymous interview candidate in New York, Anonymous interview candidate in Washington DC, Anonymous interview candidate in Providence, 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. - Organized interview materials for a consulting project Have some insider perspective that youd like to share? Interviewing with NERA Economic Consulting? Consulting Firm: NERA Economic Consulting first round full time job interview. It was a typical Hirevue interview not much more that I can actually say to describe it but I have to meet the character minimum. The questions were mostly behavioral (no case study) and on my experience doing research. 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. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. KPMG. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. Nothing unexpected. Q: Tell me about yourself. Example: Im motivated by helping others succeed. Free interview details posted anonymously by NERA Economic Consulting interview candidates. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. Interview. I believe that if we continue to focus on these issues, we will see more sustainable growth.. 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. I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. NERAs first clients were in the natural gas industry. how do you choose which ones to do? Employing more than 500 professionals, including 425 economists, the . They are looking for candidates with a strong quantitative background. 2nd round had 3 case studies, behavioral and technical questions. Read more: We are excited to announce Dr. Soren Tang Sorensen has been promoted to Director. Your client wants to estimate the market size for jeans in the U.S., how would you go about doing that? Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. 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. McKinsey & Company They all asked about either research or behavioral questions such as tell me about a time when you work on a team project and it failed. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. 2023 National Economic Research Associates, Inc. Did you know that your browser is out of date? One competency based interview and one economics one that covered mainly basic economic intuition on topics like natural monopolies. I had to walk through a pretend case in econometrics, which culminated in regression testing. There are some areas where we could improve, such as increasing wages for middle-class workers and decreasing income inequality. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. Please. The technical interviews will . Be the first to find this interview helpful. I interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics However, most positions will require at least one behavioral interview and one technical interview. 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. Macroeconomics looks at the economy as a whole. Average salary for NERA Economic Consulting Associate Analyst in Godalming: 52,523. The carbon dividends model generates an extra $190 billion in economic output, on average, per year compared to the . 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. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay, England: [salary]. When answering this question, try to think of something that youve been trying to improve or work on recently. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. 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). 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. I interviewed at NERA Economic Consulting, 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, I applied online. 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.. The 6 Steps to Solve Any Economic Consulting Case Interview . This question is a way for the interviewer to assess your math skills and how you feel about them. It felt rather informal and laid-back. 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. 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. - 08 December 2021. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? A case on what is the size of the domestic market for cell phones. 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. NERA has developed quite a reputation, but has managed to keep itself small, clearly focused and prestigious in the process. . 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. what projects I have involved in? In the February issue of Policy Quarterly, Associate Director Kevin Counsell explores a core principle underlying the Resource Management Act 1991 (RMA): effects-based resource management. What are your selling points? After discussing it with the team member, they agreed to recalculate their numbers based on my suggestions.