I interviewed at NERA Economic Consulting. The first interview was a 30 min one-on-one interview with one of their analyst. NERA Economic Consulting is looking for candidates who have strong analytical skills. Consulting Firm: NERA Economic Consulting first round full time job interview. I applied online. My ability to analyze complex data has helped me discover new insights that have led to more effective solutions for clients.. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . Prepare for 40 min, presentation, and QA Data Analytics Consulting. On a scale of 1-10 how important is math to you? Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. That means: motivation, clearly defined research question, methodology, problems and solutions, results. If you hover over the various sections of the donut, you will see the % breakdown of each score given. This question can help the interviewer get a sense of your knowledge and how you learn. Focus on understanding the context of the situation and the objective of the case. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. Communication skills: Can you communicate in a clear, concise way? 3. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. Free career advice, salary information, interview tips, referrals from employees at NERA Economic Consulting. This interview was based mostly of behavioral and technical questions. And lets just say this here thats not a huge surprise. Read more: NERA Economic Consulting is pleased to sponsor the Womens White Collar Defense Association. 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. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. Explain to me an economic concept that you find most interesting. If youre looking to become an economic consultant, youll need to ace your economic consulting case interviews. Analysis Group 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). Regulatory Cases: These cases include topics such as auctions and regulatory economics. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. The phone interview featured relatively straightforward questions and none that I found too tricky. As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. Each firm supports and offers experts to testify in litigation matters related to economics and finance. Applied through their website and got contacted about the first round 1-2 months later. WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. Went through my college, applied and got an online interview. How would you analyze allegations of discriminatory lending practices? Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. The interviewer asked me to introduce myself and then asked about my research paper. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. Interviewers want to know that youre aware of your weaknesses and are actively working on them. Case studies and behavioral questions (Why Nera, tell me about your research, etc). Looking for case interview practice partners? 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. The whole process is not really intimidating but the feedback is quite slow. I love being able to use my skills to find solutions for clients who are facing challenges or need advice on how to improve their business. That means being smart about grabbing it from inside its own ranks, not just outside. 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. I had to walk through a pretend case in econometrics, which culminated in regression testing. Discussion related to relevant sector for internship but didn't require specialist knowledge. And they all knew my name, which was pleasantly surprising. 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. This helped them decide whether or not to open the new store.. I applied in-person. So, propose an area and provide a reason for why you want to start with that area. How would you determine econometrically if a firm is inefficient? 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. Why NERA? Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. The other two were behavioral and with younger staff/analysts. I interviewed at NERA Economic Consulting (New York, NY). Discover Best Places to work in India. Give an example of when you had to perform under pressure and meet a deadline. No case studies. The number you see in the middle of the doughnut pie chart is the simple average of these scores. ), 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. 7. Terms of Use | Some common complaints about work at NERA its repetitive. You will be expected to present findings from time to time, how would you prepare for a presentation? NERA Economic Consulting understands what many people can't: economics. You could also be asked to provide your opinion on a particular business issue or situation. Do your recommendations make sense from a feasibility perspective? They are looking for candidates with a strong quantitative background. You had some unusually varied work experience before you went to business school. Excellent. They are saying, however, that they remain on top of cutting-edge forms of economic analysis and bring a 360-degree look at any problem or issue. 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. If you have strong math skills, this can be an opportunity to show off your abilities. 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. What are your thoughts on the current state of the economy? After discussing it with the team member, they agreed to recalculate their numbers based on my suggestions. While the interviewer is speaking, make sure that you are taking meticulous notes on the most important pieces of information. 198. 3. 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. 201. You do not need to recap everything that you have done in the case, so focus on only summarizing the facts that are most important. 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. 1. Describe a time where you were given a task with limited information. 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. 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. NERA Economic Consulting, LMI Government Consulting, Cornerstone Research, IBM Consulting, Competition Policy Analysis Group, CNA Consulting Firm: NERA Economic Consulting first round full time job interview. Energy Consulting. The technical interviews will focus on your economic knowledge and research skills. If we were to ask your previous manager what your greatest strength was, what would they say? Or, solve 6 sample cases for free! Tell us about your educational background. They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. Have some insider perspective that youd like to share? Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. Infos und Tipps zu MBA-Studium, Berufseinstieg und Karriere. A week after I applied online, I received an invitation for a phone interview. I applied for the Finance and Securities practice. How would you analyze allegations of discriminatory lending practices? What interests you about working with clients? Analysis Group 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. 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. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. If the case interview is a candidate-led case, youll be expected to propose what area of your framework to start investigating. An econometric analysis of data on the London metal exchange Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. I received an offer a few weeks later. In fact, I find that breaking down a large dataset into smaller chunks makes it easier for me to analyze and understand the information.. and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual Free interview details posted anonymously by NERA Economic Consulting interview candidates. NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . Interviewers ask this question to learn more about your ability to work under pressure and meet deadlines. Does this vary by practice area? It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. Brush up on GRE and GMAT math questions, and make sure you remember key economics principles and statistical equations. Turner Construction Evaluates Interstate Highway Project. NERA Economic Consulting. 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. Database of NERA Economic Consulting interview questions. Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. Online interview was purely behavioral, I talked about my data experience, favorite econ class, etc. There was no case question for me but I heard other candidates have those. You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. Are you pleasant to be around? AmbitionBox. Case Type: increase sales/revenues. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. Use examples from your experience to explain the value of economic forecasting and how it helps businesses make important financial decisions. MBAs or other experienced hires are usually brought on as, Consultant Senior Consultant Vice President Senior Vice President. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. Also, make sure you know your research inside out. Charles River Associates 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). 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). Why this particular position? Social: Company Overview; All Interviews (20) All Salaries (45) All Reviews (19 . What is something that you learned recently about economics or finance? Economic consulting cases typically have some quantitative aspect to them. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. 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). The career path of NERA is not too different to that of other major consulting firms. 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 was a lateral hire. Tell me about yourself. Free interview details posted anonymously by NERA Economic Consulting interview candidates. 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. 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. McKinsey & Company 200. While the course is focused on preparing candidates for management or strategy consulting roles, many of the strategies and frameworks can be applied to economic consulting roles. Common stages of the interview process at NERA Economic Consulting according to 184 Glassdoor interviews include: 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. In your answer, define macroeconomics and microeconomics and explain how they differ from each other. I had to explain how I would have ran the regression in my program of choice. Simple self introduction, technical questions about softwares and a case study. 207. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. 199. What type of analysis skills do you possess? I stayed late every night for two weeks until I completed the project.. Just MAKE SURE you network at such a small firm, a blind resume drop means nothing and an employee recommendation means everything. Generally, youll want to follow these six steps.