IT Operations Consulting. I applied through college or university. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. My studies helped me understand how businesses work and what factors influence them. Industry Coverage: mass media & communications; sports, leisure & recreation. 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. 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. The brain teaser was pretty hard. - 08 December 2021. 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. 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. Find contacts: direct phone number, email address, work experience. I think I was fortunate to come across really cool economists. Tell us about your educational background. Why should we not hire you? Interview Questions. Focus on understanding the context of the situation and the objective of the case. However, one that tripped me up was describing how I delegate tasks in a leadership position. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. 201. Litigation Cases: These cases include topics such as antitrust and competition, class action lawsuits, commercial litigation, intellectual property, international arbitration, labor and employment, mass torts and product liability, and securities and finance. No case studies. The phone interview was about 30 minutes. 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. The next step is to develop a framework to help you solve the case. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. However, most positions will require at least one behavioral interview and one technical interview. Before you start developing your framework, it is completely acceptable to ask the interviewer for a few minutes so that you can collect your thoughts and think about the problem. In other places such as Cornerstone. Example: In my last role as a financial analyst for a large corporation, I was tasked with creating a budget for the companys marketing department. Discussion related to relevant sector for internship but didn't require specialist knowledge. 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. The phone interview featured relatively straightforward questions and none that I found too tricky. 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. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. Your economic consulting case interview will begin with the interviewer giving you the case background information. Based on 776 salaries posted anonymously by NERA Economic Consulting Associate Analyst employees in Godalming. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Conduct research on industry trends, market dynamics, and other topics related to client engagements. Integrity is paramount in the legal world; NERA is trusted as an unbiased advisor, and retains its prestige (and book of clients) based on this reputation. 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. 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. What analysis, what program skills you know. They are available in digital or paperback format on Amazon. When answering this question, try to think of something that youve been trying to improve or work on recently. As for cases, ~50% of candidates last year did not having any case questions come up in the interview at all. They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. 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. The first interview was a mix of behavioral and a simple case about stock price in a merger. NERA Economic Consulting interview details: 217 interview questions and 206 interview reviews posted anonymously by NERA Economic Consulting interview candidates. why NERA? Discover Best Places to work in India. If you have strong math skills, this can be an opportunity to show off your abilities. What interests you about working with clients? The other two were behavioral and with younger staff/analysts. What is the difference between macroeconomics and microeconomics? I would rate my math skills at a 9 out of 10.. 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. Opens the Fishbowl by Glassdoor site in a new window. The firms are hip and cool, and people are valued for contributions not positions. 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. The key to answering qualitative questions is to structure your answer. This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. 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 . Add your data to unlock Full WSO Database. 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. Analytical problem solving: Can you read and interpret data well? Give an example of when you had to perform under pressure and meet a deadline. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I interviewed at NERA Economic Consulting (New York, NY). NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. I had to explain how I would have ran the regression in my program of choice. The detailed ranking includes interview outcomes, length of process, interview details, and overall company . Consulting Firm: NERA Economic Consulting first round job interview. 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. To combat this, Ive started taking short breaks throughout the day to reflect on the bigger picture.. The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. Q: Tell me about yourself. The interviewers were very interested in the candidate's statistical skills. Data Analytics Consulting. How would you determine econometrically if a firm is inefficient? We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. 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. Does this vary by practice area? The questions were mostly behavioral (no case study) and on my experience doing research. This knowledge has been helpful when applying for jobs at consulting firms.. Case Type: business turnaround; math problem. Half an hour of an HR interview and two case studies. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. 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. Are there anything that you hate in your previous job/company? In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. . Economic consulting cases typically have some quantitative aspect to them. Consulting Firm: NERA Economic Consulting first round full time job interview. I believe that if we continue to focus on these issues, we will see more sustainable growth.. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. 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. It also tests your ability to apply what you know about the field to real-world situations. While the interviewer is speaking, make sure that you are taking meticulous notes on the most important pieces of information. It is also good practice to include potential next steps that you would take if you had more time or data. I also use data analysis software to help me collect relevant information from various sources. Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. I was a lateral hire. The other 50%, however, did have case questions to solve mostly situational. There was no case question for me but I heard other candidates have those. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? Regulatory Cases: These cases include topics such as auctions and regulatory economics. If the case interview is interviewer-led, the interviewer will tell you what area of the framework to start in or directly give you a question to answer. In my last role, I worked with a client who was having trouble finding qualified employees for their factory. 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. 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. NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. 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. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. The process took 2 weeks. I interviewed at NERA Economic Consulting in May 2021. They might know your approach was right, but they want to make sure you can explain why (kind of like a stress test). You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. This question can help the interviewer get a sense of your knowledge and how you learn. what projects I have involved in? On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. Overall experience. 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. This question is a common one in interviews, and its important to be honest. Kid Country, is the purveyor of an increasingly unpopular form of hybrid rap/rock/country music. - Organized interview materials for a consulting project View Benjamin Seggerson's email address: bxxxxxxxxxn@nera.com & phone: +1-323-xxx-xx07's profile as Associate Director - Business Development & Marketing at NERA Economic Consulting, located in Washington, District of Columbia. If you found this article helpful, youll love our comprehensive case interview course. Are you pleasant to be around? In this first round interview all of the questions were behavioral. Be the first to find this interview helpful. Free interview details posted anonymously by NERA Economic Consulting interview candidates. I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. Interviewed for one hour. Infos und Tipps zu MBA-Studium, Berufseinstieg und Karriere. 2. A client has a budget of xx, what would you do with it? The other ~20% come from employee referrals (18%) and application online (2%). 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. One first round phone interview followed by a super day. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. 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. Two rounds of interviews with a mix of junior/senior level staff. 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. Why NERA? The only information I had to go off of was what the department head told me about their current spending habits. spread-sheet, case study, behavior questions. This question is an opportunity to show your passion for the field of economics. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. How this process will start depends on whether the case interview is candidate-led or interviewer-led. Make sure you can talk alot about all experiences you have working with data. 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. What are your thoughts on the current state of the economy? 7. HR asked some motivational questions, such as why applying for NERA, and why specific practice. I interviewed at NERA Economic Consulting. Bain & Company Thanks in advance. The carbon dividends model generates an extra $190 billion in economic output, on average, per year compared to the . Example: I would first make sure I have all my materials ready, including any visuals or slides I may need. Overall, the interview process is relatively long and can take up to two months to complete. Example: Microeconomics focuses on individual markets or industries. Example: One thing I think needs to change in the field of economics is the way we measure GDP. See the diagram below for a clear structure of how the Marsh and McLennan Companies are organized. 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 second round was an interview with a Managing Director. 2005-2023 Wall Street Oasis. 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. This is because lowering taxes incentivizes businesses to invest more money back into their companies, which leads to increased productivity.. 10. ), 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. I was a lateral hire. Free career advice, salary information, interview tips, referrals from employees at NERA Economic Consulting. Although the corporate world at large isnt quite sure what to do with ex-NERA consultants, they demonstrate a surprisingly entrepreneurial spirit taking on leadership positions in start-ups or serving as CEOs and Managing Directors of smaller companies. In addition, especially as you get more senior in the firm, many people are very NERA-proud because the firm is privately-owned, NERA reportedly took great care of its team during the downturn, when other large consulting firms churned major layoffs. They post available internships during the winter months on Marsh & McLennans recruiting. Not invited for the second round Of interview. 9. Are there any questions you want to ask me?You need to log in to access the rest of the page. I stayed late every night for two weeks until I completed the project.. NERA Economic Consulting, Inc., or National Economic Research Associates, is an economic consulting firm founded in 1961. 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. Behavioral questions such as what is your favorite course? I applied online. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. If the case interview is a candidate-led case, youll be expected to propose what area of your framework to start investigating. Consulting Firm: NERA Economic Consulting first round full time job interview. 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. Its boring. The process took 2 weeks. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Have some insider perspective that youd like to share? The 6 Steps to Solve Any Economic Consulting Case Interview . On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. Case studies and behavioral questions (Why Nera, tell me about your research, etc). 203. 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. If you are considering alternative resources to use, below are the two books we recommend. Senior Consultant Dr. Ildiko Magyaris thesis, Firm Reorganization, Chinese Imports, and US Manufacturing Employment has been cited in a report published by the Joint Economic Committee of the US Senate. 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. That being said, because NERAs work isnt insanely high-pressure Wall Street earnings arent waiting and litigation schedules are intense but not spontaneous you can expect to work around 50 hours/week versus a standard 60 at MBB firms. 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. Or, solve 6 sample cases for free! Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. I did an in-person first interview at the school, then a final round on-site. On a scale of 1-10 how important is math to you? 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. 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. https://t.co/6uK69f6bp0. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for .