Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. Average salary for NERA Economic Consulting Corporate Web Specialist in Seaham: 56,119. 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. Case Interview Question #01154: Our client, Mr. What is the interview process like at NERA Economic Consulting? NERA Economic Consulting, LMI Government Consulting, Cornerstone Research, IBM Consulting, Competition Policy Analysis Group, CNA A NERA Economic Consulting Research Associate typically has a wide range of responsibilities, which can include: Assist in the development of economic models and analysis for litigation, regulatory, and corporate finance matters. A client has a budget of xx, what would you do with it? The first interview was a mix of behavioral and a simple case about stock price in a merger. 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. 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). When expanded it provides a list of search options that will switch the search inputs to match the current selection. The phone interview featured relatively straightforward questions and none that I found too tricky. A case on what is the size of the domestic market for cell phones. Data Analytics Consulting. 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. Not answering the right business question is the quickest way to fail a case interview. After discussing it with the team member, they agreed to recalculate their numbers based on my suggestions. Example: I am most interested in economic theory, particularly supply-side economics. Tell us about your educational background. If you study like you are going to interview for an MBB firm, you should do quite well but remember, the emphasis is less on strategy and more on structure and computation. Presentations are a common part of working in consulting. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. They asked me mostly case-based questions on healthcare industry. Regulatory Cases: These cases include topics such as auctions and regulatory economics. Online interview was purely behavioral, I talked about my data experience, favorite econ class, etc. I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. Why you? Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set. I interviewed at NERA Economic Consulting (London, England) in Mar 2017. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. Give an example of when you had to perform under pressure and meet a deadline. However, I am confident in my ability to work with larger datasets if needed. Another way to think about frameworks is brainstorming different ideas and organizing them into different categories. (Note that because fit is very important to NERA, each office hires separately. Thanks in advance Your client wants to estimate the market size for jeans in the U.S., how would you go about doing that? 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. The deadline was tight, but I knew I could do it if I worked hard enough. I applied online. H&Z sucht Praktikant Business Intelligence (w/m/d) Deutsche Bundesbank sucht Bundesbank-Referendariat (m/w/d) What are your thoughts on the current state of the economy? New York, NY. Interview Questions. If you have strong math skills, this can be an opportunity to show off your abilities. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . NERA Economic Consulting is looking for candidates who have strong analytical skills. Originally published December 15, 2020. Why should we not hire you? I applied online. Its a hardcore reality when you put too many economists together, you dont get hipster culture you get (with some exception) a tendency toward cut-and-dry facts with a bit of social awkwardness thrown in. Aktuelle Stellenanzeigen und Praktika. Key summary if you work at NERA, you might not love every second of every day, but over time youll accrue valuable data analysis skills that will enable you to transfer into industry but in a lower-level position, with a weaker strategic toolkit than you would at MBB. They were nice and encouraged questions. What would you say is your biggest weakness as an analyst? 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. Interview process at NERA Economic Consulting. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Industry Coverage: mass media & communications; sports, leisure & recreation. Well, NERA is no MBB. If youre looking to become an economic consultant, youll need to ace your economic consulting case interviews. Does this vary by practice area? You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. The interview lasted about 30 min with one consultant. nera economic consulting interview Isgho Votre ducation notre priorit Be prepared to explain your research/analysis in-depth and a number of times. Also, make sure you know your research inside out. 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. Then we all went to lunch from noon-1 with 2 other employees. NERA Economic Consulting Case Example #1: Your client is a North American construction company that is considering taking on a public-private-partnership project to build a stretch of interstate highway for the federal government. 5. The process took 3 weeks. Student. The second round was an interview with a Managing Director. Why do you want to work at NERA Economic Consulting? Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. How would you analyze allegations of discriminatory lending practices? Consulting Firm: NERA Economic Consulting first round full time job interview. Case Type: pricing & valuation. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. Candidates interviewing for Research Associate and Analyst rated their interviews as the hardest, whereas interviews for Associate Analyst and Intern roles were rated as the easiest. Why NERA? This question is an opportunity to show your passion for economics and how you can make a difference. - Organized interview materials for a consulting project They ended up reducing the cost by 15%, saving the company $150,000.. really drilled deep into stats concepts and research topics. Are there any questions you want to ask me?You need to log in to access the rest of the page. My studies helped me understand how businesses work and what factors influence them. 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. 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. Based on 1 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay, England. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. This interview was based mostly of behavioral and technical questions. 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.. Lifestyle is a great reason to choose NERA predictable hours, predictable travel, in an intellectually stimulating environment. Example: One thing I think needs to change in the field of economics is the way we measure GDP. The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. Interview. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. The interview last from 9:30 to noon. The current method of measuring GDP does not take into account many important factors, such as environmental sustainability or social equality. Case Type: increase sales/revenues. M&M companies are traditionally excellent pioneers of diversity and inclusion culture check out the below under Interviews & Recruiting. A client has a budget of xx, what would you do with it? Do you have experience conducting research? 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. Nearly every major economic consulting firm uses case interviews in their interview process. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. NERA Economic Consulting requires its employees to be able to handle large amounts of data and interpret it effectively. Also, check glassdoor because it helped me a lot. 1. Why this particular position? What is the difference between macroeconomics and microeconomics? 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). 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. Continue Reading You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. I did an in-person first interview at the school, then a final round on-site. Environmental Sustainability Consulting. They are looking for candidates with a strong quantitative background. 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. KPMG. As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. Applied through their website and got contacted about the first round 1-2 months later. Please. The firms are hip and cool, and people are valued for contributions not positions. The carbon dividends model generates an extra $190 billion in economic output, on average, per year compared to the . After all, running the same statistical regressions on 2 different industries isnt really that different at the end of the day. How this process will start depends on whether the case interview is candidate-led or interviewer-led. 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. Email us! 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. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. 203. 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. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. Example: I graduated from Boston University with a bachelors degree in economics. Case Type: business turnaround; math problem. 06 December 2021 I interviewed at NERA Economic Consulting. For me it was because I used a cool dataset for my research. Does this vary by practice area? I am especially interested in working here because of the firms commitment to diversity and inclusion. 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. 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. That means: motivation, clearly defined research question, methodology, problems and solutions, results. This question is a great way to learn more about the candidates personality and how they interact with others. I interviewed at NERA Economic Consulting. NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. Interview Type: Behavioral and Fit Interviews. This button displays the currently selected search type. Example: NERA Economic Consulting has a reputation as one of the top economic consulting firms in the world, and Im excited to join such a talented team. Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. They want to know that you can perform well in a fast-paced environment, so its important to give an example of a time when you had to complete a project or task quickly. 1. The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. This helped them decide whether or not to open the new store.. Its also a chance to demonstrate that youve done some research about NERA Economic Consulting, so be sure to mention something specific about the company or its work. I also use data analysis software to help me collect relevant information from various sources. The 6 Steps to Solve Any Economic Consulting Case Interview . Any insight much appreciated. Dont be afraid to ask clarifying questions if you do not understand something. In fact, I find that breaking down a large dataset into smaller chunks makes it easier for me to analyze and understand the information.. This question can help interviewers understand your knowledge of how economic forecasts are used in business decisions. See the diagram below for a clear structure of how the Marsh and McLennan Companies are organized. The second round was an interview with a Managing Director. Q: Talk to me about your past research. Economic consulting case interviews will also typically have qualitative aspects to them. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. Economic consulting covers a more specific range of consulting than management consulting, dealing mostly with government organizations and cooperations to help solve problems and disputes that fall under the umbrellas of economics, business, and law. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . They have a wide variety of practice areas including Antitrust and Competition, and Energy, Environment, Communications and Infrastructure. If we were to ask your previous manager what your greatest strength was, what would they say? A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. 4. Describe one of your research experiences using Excel or Stata. The material in the course has helped 6,000+ students across 13+ countries land offers at top-tier consulting firms such as McKinsey, BCG, and Bain. It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. The second round was one day, with 5 interviews 30 minutes each.
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