Economic consulting case interviews primarily assess five qualities: Logical, structured thinking: Can you structure complex problems in a clear, simple way? Weve included each here with a point of commentary on each one below. We conducted an economic forecast to determine if there would be enough demand for their products at this location. Interview. 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). 205. NERA Economic Consulting is looking for candidates who have strong analytical skills. IT Operations Consulting. What is the interview process like at NERA Economic Consulting? I applied for the Finance and Securities practice. Then we all went to lunch from noon-1 with 2 other employees. This question is an opportunity to show your enthusiasm for the role and the company. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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 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. 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). The second round was one day, with 5 interviews 30 minutes each. Microeconomics materials should be reviewed for the preparation. You could also be asked to provide your opinion on a particular business issue or situation. Analytical problem solving: Can you read and interpret data well? Your answer should include something that you would like to change about the field of economics, as well as what you think could be done to improve it. 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. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . 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. super day, on site, five one-on-one interviews. Find contacts: direct phone number, email address, work experience. Interviewers ask this question to learn more about your ability to work under pressure and meet deadlines. An econometric analysis of data on the London metal exchange On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. 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 only information I had to go off of was what the department head told me about their current spending habits. Average salary for NERA Economic Consulting Associate Analyst in Godalming: 52,523. 2nd round had 3 case studies, behavioral and technical questions. Consulting Firm: NERA Economic Consulting first round full time job interview. 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. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Seaham. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. 199. Interviewing with NERA Economic Consulting? For example, I worked with a client who was considering opening a new location. Interview. The questions were mostly behavioral (no case study) and on my experience doing research. The process took 2 weeks. Nearly every major economic consulting firm uses case interviews in their interview process. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. For me it was because I used a cool dataset for my research. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. Interview process length. 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. I interviewed at NERA Economic Consulting in May 2021. A pet shop retailer wants to open a new 400m2 shop. Analytical experience? If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. 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. 2005-2023 Wall Street Oasis. This helped them decide whether or not to open the new store.. McKinsey & Company This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. I am especially interested in working here because of the firms commitment to diversity and inclusion. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. NERA Economic Consulting, Inc., or National Economic Research Associates, is an economic consulting firm founded in 1961. There are some areas where we could improve, such as increasing wages for middle-class workers and decreasing income inequality. I applied from my economics department career website. I applied through college or university. 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. 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. Why should we not hire you? All Rights Reserved. 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. Why this particular position? Ive always been someone who likes to solve problems, so this job is a great fit for me., Common NERA Economic Consulting Interview Questions. Why you? Case Type: pricing & valuation. We'll give you the experience, opportunity, and support to grow. The second round was an interview with a Managing Director. 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%. Please calculate: 46 + 54 = ? On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Industry Coverage: None, Case Interview Question #01024: A very long rope is tied around the equator of the Earth drawing a circle centered at the center of the Earth. Its important to be honest in your answer, but try not to make it too political or controversial. Well, NERA is no MBB. 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. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. Student. Privacy Notice | Yes. If you have strong math skills, this can be an opportunity to show off your abilities. The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. Be prepared to explain your research/analysis in-depth and a number of times. 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. Case Type: investment. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. NERA Economic Consulting sucht Werkstudent Competition Economics (m/w/d) A.S.I. Director Dr. Vladimir Starkov offers tips on how businesses that rely on provisions of Puerto Rico Act 60 can prepare documents of related-party transactions to avoid IRS penalties for misstating export services income. 8. How would you determine econometrically if a firm is inefficient? Applied through their website and got contacted about the first round 1-2 months later. This is because lowering taxes incentivizes businesses to invest more money back into their companies, which leads to increased productivity.. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. Thanks in advance However, most positions will require at least one behavioral interview and one technical interview. 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? 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. Economic consulting is used less for strategy, and more for litigation or regulatory compliance issues. 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 . 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. College / University / On Campus Recruiting. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. Employing more than 500 professionals, including 425 economists, the . Health Sciences Consulting. 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. Discover Best Places to work in India. 200. Two were with Directors and were case studies about stock price changes. Here are a number of groups you could participate in while working at NERA Economic Consulting. NERA Economic Consulting requires its employees to be able to handle large amounts of data and interpret it effectively. Presentations are a common part of working in consulting. The approach to solving economic consulting cases is generally the same as traditional case interviews. 10. Charles River Associates They were nice and encouraged questions. The interview process was through my school. 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. If economics isn't your strong suit, National Economic Research Associates (known as NERA Economic Consulting) can help. Learn more. Dr. Vinita Juneja and Ivelina Velikova will attend WWCDAs Annual Attorney Meeting to participate in engaging discussions and collaborate on WWCDAs mission of advancing women in law. Its monotonous. The interview focus is largely dependent on which practice you are interviewing for. They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. 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. The higher the number, the more difficult the interviews on average. I interviewed at NERA Economic Consulting (New York, NY). 1. Lifestyle is a great reason to choose NERA predictable hours, predictable travel, in an intellectually stimulating environment. I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. Prepare for 40 min, presentation, and QA partner interview. The current method of measuring GDP does not take into account many important factors, such as environmental sustainability or social equality. 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. if fewer than half of the pirates agree with you, you die. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. I think they answered truthfully or to the best of their knowledge. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. When expanded it provides a list of search options that will switch the search inputs to match the current selection. A case on what is the size of the domestic market for cell phones. In this first round interview all of the questions were behavioral. I applied online. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. Interview Type: Behavioral and Fit Interviews. 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. 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. A maths problem based around the concept of game theory. 203. Analysis Group None of the questions were super unexpected. This question is a basic test of your understanding of economics. 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 would rate my math skills at a 9 out of 10.. Reported anonymously by NERA Economic Consulting employees. Please Log in or Register now.Subscriptionsstart at only $7/month. 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). partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. I did an in-person first interview at the school, then a final round on-site. Based on 776 salaries posted anonymously by NERA Economic Consulting Associate Analyst employees in Godalming. 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. Human Resources Consulting. Consulting Firm: NERA Economic Consulting first round full time job interview. - 08 December 2021. Email us! 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. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. The carbon dividends model generates an extra $190 billion in economic output, on average, per year compared to the . Industry Coverage: None 7. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. Does this vary by practice area? The most difficult questions were to explain actual economic concepts to my interviewer. Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. The 6 Steps to Solve Any Economic Consulting Case Interview . About the Company. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. Social: Company Overview; All Interviews (20) All Salaries (45) All Reviews (19 . 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. Any insight much appreciated. Wirtschaftsberatung sucht Trainees (m/w/d) Wirtschaftsberater Horvth sucht Consultant (w/m/d) Insurance. NERA Economic Consulting interview details: 217 interview questions and 206 interview reviews posted anonymously by NERA Economic Consulting interview candidates. This question is a common one in interviews, and its important to be honest. 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. 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. Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. Industry: Consulting. Industry Coverage: engineering, construction; government, public sector. I interviewed at NERA Economic Consulting in Jan 2023. Thanks in advance. Easy. It was important for me to know my resume inside and out. 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.

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