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. I got to their office at 9 and there were 2 other candidates there. McKinsey & Company Defense Consulting. While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. This question helps the interviewer determine if you possess the necessary skills to succeed in this role. Using this method allows economists to more accurately predict future inflation rates.. NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. The next step is to develop a framework to help you solve the case. The second round was an interview with a Managing Director. 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. 06 December 2021 Above all else, they are seeking a competent and SAFE professional so be sure to carry yourself as one. Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. I applied online. After several email communications, HR arranged an interview with a senior partner at New York. 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. - 08 December 2021. The whole process is not really intimidating but the feedback is quite slow. 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. One of them was resume based, and others tested on how fast the candidate could respond to real-world economic problems. 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. case study interview, a case about UK electricity industry, use economics theory to explain. 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. Please. Bain & Company Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. It also tests your ability to apply what you know about the field to real-world situations. Have some insider perspective that youd like to share? Nothing was particularly difficult. Industry Coverage: mining & metals production. Originally published December 15, 2020. My ability to analyze complex data has helped me discover new insights that have led to more effective solutions for clients.. The detailed ranking includes interview outcomes, length of process, interview details, and overall company . We were able to come up with a solution where they could hire more part-time workers to fill positions until they found someone full time.. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. It was important for me to know my resume inside and out. I interviewed at NERA Economic Consulting in Jan 2023. 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.. NERA Economic Consulting, Inc., or National Economic Research Associates, is an economic consulting firm founded in 1961. The higher the number, the more difficult the interviews on average. This button displays the currently selected search type. I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. 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. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. Know about salary and benefits expectations before the interview . The other two were behavioral and with younger staff/analysts. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Also, make sure you know your research inside out. KPMG. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. 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. The process took 4 weeks. NERA Economic Consulting sucht Werkstudent Competition Economics (m/w/d) A.S.I. Give an example of when you had to perform under pressure and meet a deadline. 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. 2. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. I interviewed at NERA Economic Consulting (London, England) in Mar 2017. The HR and the case study consultants were all nice and friendly. You had some unusually varied work experience before you went to business school. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. The first round consisted of two 30 min back to back interviews with Consultant and Senior 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. Consulting Firm: NERA Economic Consulting first round full time job interview. In fact, I find that breaking down a large dataset into smaller chunks makes it easier for me to analyze and understand the information.. That means: motivation, clearly defined research question, methodology, problems and solutions, results. 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. Preferred locations; Seattle, Cali, DC, Toronto. How would you determine econometrically if a firm is inefficient? Both interviews were online (on zoom) with two consultants. 25 Warehouse Receiver Interview Questions and Answers, 25 Family Advocate Interview Questions and Answers, 25 Fedex Driver Interview Questions and Answers, 25 Appointment Setter Interview Questions and Answers. See the diagram below for a clear structure of how the Marsh . This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. If we were to ask your previous manager what your greatest strength was, what would they say? Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? Database of NERA Economic Consulting interview questions. Industry Coverage: mass media & communications; sports, leisure & recreation. Are you able to handle large amounts of data and interpret it effectively? They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. Analysis Group 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). Presentations are a common part of working in consulting. However, most positions will require at least one behavioral interview and one technical interview. Required fields are marked *, Are you a human or a robot? Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. Copyright Hacking the Case Interview 2023. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. 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. They ended up reducing the cost by 15%, saving the company $150,000.. Average salary for NERA Economic Consulting Research Officer in Braunton: 46,245. The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual Reported anonymously by NERA Economic Consulting employees. Do your recommendations make sense from a feasibility perspective? Use your answer to highlight some of your most important analytical skills and how they benefit your work. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? They have a wide variety of practice areas including Antitrust and Competition, and Energy, Environment, Communications and Infrastructure. NERA Economic Consulting. This question can help the interviewer get a sense of your knowledge and how you learn. If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. This helped them decide whether or not to open the new store.. Be prepared to explain your research/analysis in-depth and a number of times. Difficult. Glassdoor users rated their interview experience at. 6. 5. Why this particular position? I also use data analysis software to help me collect relevant information from various sources. The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company. If you found this article helpful, youll love our comprehensive case interview course. Brush up on GRE and GMAT math questions, and make sure you remember key economics principles and statistical equations. A case on what is the size of the domestic market for cell phones. If you are considering alternative resources to use, below are the two books we recommend. Diversity groups are called Employee Network Groups in Marsh & McLennan companies. Youll be placed in a hypothetical business situation and will have 20- to 30-minutes to work with the interviewer to come up with an answer to a broad business problem that relates to economics or law. They asked me mostly case-based questions on healthcare industry. 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. Half an hour of an HR interview and two case studies. 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. Examples of potential business questions you could get asked in an economic consulting case interview include: Economic consulting firms heavily rely on case interviews in their interview process because they can assess a variety of different qualities and traits in just a 20- to 30-minute exercise. *, You need to log in to access the rest of the page. The approach to solving economic consulting cases is generally the same as traditional case interviews. 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. Interview. Some common complaints about work at NERA its repetitive. 198. Cookies Notice | 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. For example, I worked with a client who was considering opening a new location. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. It was impressive to see all the support from the professional staff (HR, IT, front desk) who worked to make this all-day event run smoothly (scheduling, video conferencing, office transitions). Are you articulate in what you are saying? Describe one of your research experiences using Excel or Stata. Explain to me an economic concept that you find most interesting. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. 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. 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. Maths and economics test, micro economics and econometrics case study interview, a case about UK electricity industry, use economics theory to explain. Not invited for the second round Of interview. How High Above Ground Would New Rope Sit? Why should we not hire you? The construction costs $1B, but your client would . In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. NERA Economic Consulting is a global consulting firm comprised of experts dedicated to using finance, economic, and quantitative principles to tackle complex legal and business challenges. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. Economic consulting case interviews will also typically have qualitative aspects to them. 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. Case Type: pricing & valuation. Find contacts: direct phone number, email address, work experience. 1. NERA Economic Consulting why NERA? Industry Coverage: engineering, construction; government, public sector. Example: I think that the economy is doing well overall. Also, check glassdoor because it helped me a lot. 9. Or, solve 6 sample cases for free! The phone interview was about 30 minutes. 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. Gold mining is the resource extraction of gold by mining. 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. Consulting Firm: NERA Economic Consulting first round full time job interview. 2005-2023 Wall Street Oasis. An econometric analysis of data on the London metal exchange Bain & Company Asked about previous research experience and especially quantitative experience. In other places such as Cornerstone. New York, NY. 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. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. For example, you may be asked to calculate a certain profitability or financial metric. I interviewed at NERA Economic Consulting. This question is an opportunity to show your passion for the field of economics. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. NERA (National Economic Research Associates), Inc. was founded in 1961 by two leading economists, Dr. Irwin Stelzer and Dr. Jules Joskow with the vision of establishing the first economic consulting firm. really drilled deep into stats concepts and research topics. The final round was five back-to-back interviews at their New York office. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Consulting Firm: NERA Economic Consulting first round job interview. Tell us about your educational background. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? Dont be afraid to ask clarifying questions if you do not understand something. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Seaham. A case on what is the size of the domestic market for cell phones. Opens the Fishbowl by Glassdoor site in a new window. 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. Describe a time where you were given a task with limited information. In the last step of the economic consulting case interview,youll present your recommendation and provide the major reasons that support it. This question is a basic test of your understanding of economics. Looking for case interview practice partners? This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. All online. 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. 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. On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. The first interview was a 30 min one-on-one interview with one of their analyst. There may also be a written test or case study component to the interview process. The firms are hip and cool, and people are valued for contributions not positions. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. 10. What analysis, what program skills you know. Privacy Notice | The interviewer asked me to introduce myself and then asked about my research paper. There was no case question for me but I heard other candidates have those. NERA Economic Consulting, LMI Government Consulting, Cornerstone Research, IBM Consulting, Competition Policy Analysis Group, CNA The phone interview featured relatively straightforward questions and none that I found too tricky. We conducted an economic forecast to determine if there would be enough demand for their products at this location. I chose that major because I was interested in learning more about business and finance, but I also wanted to study something that would be applicable to my future career. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? The process took 2+ months. 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 applied online. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . About the Company. Communication skills: Can you communicate in a clear, concise way? 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. 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. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. Charles River Associates The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. 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. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. The 6 Steps to Solve Any Economic Consulting Case Interview . Interview. BCG Platinion The other ~20% come from employee referrals (18%) and application online (2%). In my case, I did not have a case and the interview was largely made up of questions regarding my past experiences and skills. Anonymous Interview Candidate in Washington, DC, I applied online. Consulting Firm: NERA Economic Consulting 1st round full time job interview. 3. Your answer should show that you have an interest in learning about economics or finance, but it should also highlight any specific skills youve developed recently. How are economic forecasts used in business decisions? Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. I was a lateral hire. Analytical problem solving: Can you read and interpret data well? if fewer than half of the pirates agree with you, you die.