Free interview details posted anonymously by NERA Economic Consulting interview candidates. 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. I was a lateral hire. Simple self introduction, technical questions about softwares and a case study. When expanded it provides a list of search options that will switch the search inputs to match the current selection. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. Opens the Fishbowl by Glassdoor site in a new window. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. NERAs first clients were in the natural gas industry. On average, Steven Failla works for one company for 2 years 2 months. Using this method allows economists to more accurately predict future inflation rates.. Industry Coverage: mass media & communications; sports, leisure & recreation. Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. 6. 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. It felt rather informal and laid-back. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. 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. NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. A week after I applied online, I received an invitation for a phone interview. I interviewed at NERA Economic Consulting (London, England) in Mar 2017. When answering, it can be helpful to mention something specific about one of NERAs clients that inspires you or makes you excited to work for this company. So, propose an area and provide a reason for why you want to start with that area. 1 Charles River Associates Economic Consultant interview questions and 1 interview reviews. The interviewer asked me to introduce myself and then asked about my research paper. Make sure to keep these qualities in mind when going into your economic consulting case interview. 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. | The second round was one day, with 5 interviews 30 minutes each. I had to explain how I would have ran the regression in my program of choice. 9. If you are interviewing for an entry level economics consulting role, you likely wont be expected to have deep expertise in these topics. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. NERA Economic Consulting understands what many people can't: economics. College / University / On Campus Recruiting. 06 December 2021 Describe one of your research experiences using Excel or Stata. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . For example, you may be asked to calculate a certain profitability or financial metric. Case Type: pricing & valuation. 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. Read more: NERA Economic Consulting is pleased to sponsor the Womens White Collar Defense Association. Anonymous Interview Candidate in Washington, DC, I applied online. How would you determine econometrically if a firm is inefficient? What analysis, what program skills you know. The hiring process at NERA Economic Consulting takes an average of 26 days when considering 184 user submitted interviews across all job titles. As with most consulting firms, the expectation for the summer internship is that you will get an offer therefore, they get to test-drive prospective hires before making a long-term commitment, and for the 80% that are top performers, NERAlocks in top recruits before peak senior recruiting season. I applied online. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. nera economic consulting interview Isgho Votre ducation notre priorit partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. The process took 2 weeks. Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. We'll give you the experience, opportunity, and support to grow. Any insight much appreciated. Have some insider perspective that youd like to share? Based on 776 salaries posted anonymously by NERA Economic Consulting Associate Analyst employees in Godalming. Learn more. You will be expected to present findings from time to time, how would you prepare for a presentation? Example: I graduated from Boston University with a bachelors degree in economics. That means: motivation, clearly defined research question, methodology, problems and solutions, results. On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. I interviewed at NERA Economic Consulting in Oct 2022. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. In this article, well cover: Economic consulting is a specialized type of consulting that serves governments and organizations to help solve problems and disputes in economics, business, and law. 2023 National Economic Research Associates, Inc. Did you know that your browser is out of date? Case Type: business turnaround; math problem. 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). Employers ask this question to learn more about your background and how it relates to the job. 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. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. 202. Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? In your answer, define macroeconomics and microeconomics and explain how they differ from each other. Excellent. Know about salary and benefits expectations before the interview . 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. You had experience in, how do you think NERA will benefit from these experiences? If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. Looking for case interview practice partners? Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . What type of analysis skills do you possess? 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This question can help interviewers understand your knowledge of how economic forecasts are used in business decisions. I interviewed at NERA Economic Consulting in Jan 2023. Its boring. I was a lateral hire. One first round phone interview followed by a super day. Interviewed for one hour. However, one that tripped me up was describing how I delegate tasks in a leadership position. We have compiled all of the economic consulting practice cases and examples that we could find below: We recommend working through the Bates White practice case before your upcoming economic consulting case interview. 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.. Interview. Industry Coverage: None Number of Questions: 207. The final round consists of a series of interviews and a job market paper presentation. Tell me about yourself. 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. It also tests your ability to apply what you know about the field to real-world situations. Est Annual Revenue: $25bn+ Website. You should be able to solve your economic cases without having to rely on outside knowledge. - Organized interview materials for a consulting project Free career advice, salary information, interview tips, referrals from employees at NERA Economic Consulting. ), 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. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. In the last step of the economic consulting case interview,youll present your recommendation and provide the major reasons that support it. Be the first to find this interview helpful. 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 hover over the various sections of the donut, you will see the % breakdown of each score given. Example: I learned recently that there is a new way to measure inflation called chained CPI. 206. Then they asked how I would estimate the losses caused by those ads. For the best experience we recommend upgrading to the latest version of these supported browsers: I wish to continue viewing on my unsupported browser, Learn more about NERA's global services 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. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. 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. I interviewed at NERA Economic Consulting (London, England) in Mar 2017, Maths and economics test, micro economics and econometrics Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. The interviewers were very interested in the candidate's statistical skills. 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. 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). 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. The firms are hip and cool, and people are valued for contributions not positions. 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. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. 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). https://t.co/6uK69f6bp0. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. first round: phone interview. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. Does this vary by practice area? The brain teaser was pretty hard. The process took 2+ months. 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. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. Do you have experience conducting research? Q: Tell me about yourself. 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%.