I interviewed at NERA Economic Consulting Interview 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 Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. I believe that if we continue to focus on these issues, we will see more sustainable growth.. Tell us about your educational background. Describe one of your research experiences using Excel or Stata. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. Interviewed for one hour. Very focused on fit. The key to answering qualitative questions is to structure your answer. How would you analyze allegations of discriminatory lending practices? Economic consulting is used less for strategy, and more for litigation or regulatory compliance issues. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. The second round was an interview with a Managing Director. 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. Environmental Sustainability Consulting. This makes sense to us in a smaller firm (only 500 people vs. the 3000+ at MBB), you dont always need to rely on standardized practices the hypothesis is that good people can identify other good people. Why economic consulting? Industry Coverage: None Use examples from your experience to explain the value of economic forecasting and how it helps businesses make important financial decisions. The first interview was a 30 min one-on-one interview with one of their analyst. Human Resources Consulting. Wirtschaftsberatung sucht Trainees (m/w/d) Wirtschaftsberater Horvth sucht Consultant (w/m/d) Insurance. AmbitionBox Interview Questions. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Glassdoor users rated their interview experience at. spread-sheet, case study, behavior questions. NERA Economic Consulting The most difficult questions were to explain actual economic concepts to my interviewer. I interviewed at NERA Economic Consulting in May 2021. NERA Economic Consulting | Management Consulted 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. College / University / On Campus Recruiting. 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. Be the first to find this interview helpful. This question is an opportunity to show your enthusiasm for the role and the company. This firm has an amazing operation. See the diagram below for a clear structure of how the Marsh and McLennan Companies are organized. Make sure you can talk alot about all experiences you have working with data. I interviewed at NERA Economic Consulting. The construction costs $1B, but your client would . Two were with Directors and were case studies about stock price changes. Interview. Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. The next step is to develop a framework to help you solve the case. In North America and Asia the typical undergrad will start as aResearch Associateand, if promoted, the career path will look like this: Research Associate Associate Analyst Analyst Senior Analyst, The notable difference is that there are 4 pre-MBA steps not just 2. NERA Economic Consulting Consultant Securities Interview Questions Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. Prepare for 40 min, presentation, and QA However, if you have many years of work experience and are interviewing for a more senior role, theres more of an expectation that you have expertise in some of these topics. Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. Read more: We are excited to announce Dr. Soren Tang Sorensen has been promoted to Director. NERA Economic Consulting Research Associate Interview Questions ), 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. 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. Communication skills: Can you communicate in a clear, concise way? Interview process length. We conducted an economic forecast to determine if there would be enough demand for their products at this location. The final round consists of a series of interviews and a job market paper presentation. 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. Brown Consulting Club It studies things like inflation rates, unemployment levels and gross domestic product.. They all asked about either research or behavioral questions such as tell me about a time when you work on a team project and it failed. Your answer should show that you understand the importance of presentations and how to prepare for them. You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. 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. 206. Congratulations to Katie Orlandi for her promotion to Director. 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. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. how do you choose which ones to do? Interview. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. Cookies Notice | Reviews NERA Economic Consulting Internship Interview Questions Example: I graduated from Boston University with a bachelors degree in economics. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. Best Economic Consulting Firms - Firsthand Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. Ive always been someone who likes to solve problems, so this job is a great fit for me., Common NERA Economic Consulting Interview Questions. Analysis Group This question can help the interviewer understand how you handle conflict and disagreements in the workplace. If you hover over the various sections of the donut, you will see the % breakdown of each score given. You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. NERA Economic Consulting case interview questions & answers Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. They also asked about the motivation for working in economic consulting. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. So, propose an area and provide a reason for why you want to start with that area. 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. one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. PDF Workshop on Search for Jobs in Economics Anthony Yezer, GWU Department WISU - Das Wirtschaftsstudium 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. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? Why should we not hire you? The detailed ranking includes interview outcomes, length of process, interview details, and overall company . I had to explain how I would have ran the regression in my program of choice. Both interviews were online (on zoom) with two consultants. *, You need to log in to access the rest of the page. NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. Example: Math is very important to me because I am able to use my math skills every day at work. I applied from my economics department career website. NERA Economic Consulting Financial Consulting. 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. Case Type: pricing & valuation. You had experience in, how do you think NERA will benefit from these experiences? Based on 776 salaries posted anonymously by NERA Economic Consulting Research Officer employees in Braunton. I interviewed at NERA Economic Consulting. The firm initially consisted of 17 employees and the 2 founders. They ended up reducing the cost by 15%, saving the company $150,000.. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay. Charles River Associates 202. 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. This question can help the interviewer get a sense of your knowledge and how you learn. 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. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. I interviewed at NERA Economic Consulting in Jan 2023. Health Sciences Consulting. | I interviewed at NERA Economic Consulting. Database of NERA Economic Consulting interview questions. Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. This question can help the interviewer get to know you as a person and how your personality might fit in with their company. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. This question can help the interviewer understand how you approach challenges and use your critical thinking skills to solve problems. This is a little bit silly. NERA Economic Consulting Salaries in Newquay, England What type of analysis skills do you possess? Industry: Consulting. What analysis, what program skills you know. They are available in digital or paperback format on Amazon. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. Nothing too hard, but they never got back to me with a reply. - Organized interview materials for a consulting project The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. What is one thing that you think needs to change in the field of economics? NERA has developed quite a reputation, but has managed to keep itself small, clearly focused and prestigious in the process. 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. Or, solve 6 sample cases for free! Does this vary by practice area? 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. 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 a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman.