The HR and the case study consultants were all nice and friendly. 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. Behavioral questions such as what is your favorite course? Overall, the interview process is relatively long and can take up to two months to complete. Lets face it the work at NERA is less sexy than work at MBB, the people are more brainy, and the culture is less cool. 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. Are you pleasant to be around? The environmental impact of gold mining Read the rest. Aktuelle Stellenanzeigen und Praktika. Analytical problem solving: Can you read and interpret data well? Please. 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. How High Above Ground Would New Rope Sit? Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. *, You need to log in to access the rest of the page. NERA Economic Consulting My ability to analyze complex data has helped me discover new insights that have led to more effective solutions for clients.. 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. - Organized interview materials for a consulting project The case studies were the most difficult questions asked. Industry Coverage: None Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. This interview was based mostly of behavioral and technical questions. NERA Economic Consulting requires its employees to be able to handle large amounts of data and interpret it effectively. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. Be prepared to explain your research/analysis in-depth and a number of times. I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. If you are considering alternative resources to use, below are the two books we recommend. Financial Consulting. 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. Free interview details posted anonymously by NERA Economic Consulting interview candidates. The company asked for resume, transcript, writing sample, and recommendation. Wirtschaftsberatung sucht Trainees (m/w/d) Wirtschaftsberater Horvth sucht Consultant (w/m/d) Insurance. The approach to solving economic consulting cases is generally the same as traditional case interviews. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. Case Type: business turnaround; math problem. I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. Industry Coverage: mass media & communications; sports, leisure & recreation. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. Register here: Join Dr. Andrew Stivers on 8 Feb for a webinar exploring how the FTC undertakes the cost-benefit analysis for proposed rules and learn practical tips for drafting rulemaking comments. The detailed ranking includes interview outcomes, length of process, interview details, and overall company . Have some insider perspective that youd like to share? A client has a budget of xx, what would you do with it? 146 followers . Bain & Company The final round consists of a series of interviews and a job market paper presentation. Average salary for NERA Economic Consulting Associate Analyst in Godalming: 52,523. A client has a budget of xx, what would you do with it? 8. 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. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. The interview process was through my school. Case studies and behavioral questions (Why Nera, tell me about your research, etc). Then we all went to lunch from noon-1 with 2 other employees. The key reason? 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. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. | Why you? I interviewed at NERA Economic Consulting in Jan 2023. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. And lets just say this here thats not a huge surprise. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In my case, I did not have a case and the interview was largely made up of questions regarding my past experiences and skills. The other two were behavioral and with younger staff/analysts. I received an offer a few weeks later. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. On 3 Feb Director Fernando Jimnez will discuss recent case law and explore emerging competition issues in Spain and the EU at the IEB Seminar on Recent Developments in EU Competition Law. NERAs first clients were in the natural gas industry. Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. This question is a great way to learn more about the candidates personality and how they interact with others. Then they asked how I would estimate the losses caused by those ads. why NERA? 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. Case Type: pricing & valuation. Macroeconomics looks at the economy as a whole. 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. It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. After discussing it with the team member, they agreed to recalculate their numbers based on my suggestions. 202. 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. Are you articulate in what you are saying? 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. Not answering the right business question is the quickest way to fail a case interview. MBAs or other experienced hires are usually brought on as, Consultant Senior Consultant Vice President Senior Vice President. We'll give you the experience, opportunity, and support to grow. I used this information along with industry benchmarks to create a realistic budget that would allow the department to meet its goals while staying within the companys overall budget.. I interviewed at NERA Economic Consulting. Why this particular position? 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. NERA Economics Impact Report. Consulting Firm: NERA Economic Consulting first round job interview. Tell us about your educational background. Are there any particular projects or areas that you would enjoy working on at our firm? Terms of Use | Any insight much appreciated. In this first round interview all of the questions were behavioral. As you can see, compared to traditional case interviews, economic consulting cases may require more specialized knowledge of economics, finance, or law. A week after I applied online, I received an invitation for a phone interview. 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. Example: I learned recently that there is a new way to measure inflation called chained CPI. 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. Panelists will dive into settlements, filings, special cases, and what to expect in 2023. They had a set of graphs that you would typically see in a statistics course or an econometrics course, like a QQ-plot, etc. Presentations are a common part of working in consulting. Example: One thing I think needs to change in the field of economics is the way we measure GDP. Energy Consulting. 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. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. Give an example of when you had to perform under pressure and meet a deadline. Also, make sure you know your research inside out. Any insight much appreciated. The final round was five back-to-back interviews at their New York office. Nearly every major economic consulting firm uses case interviews in their interview process. 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. Personality and cultural fit: Are you coachable and easy to work with? Read more here: On 16 February at 11:00 am EST, join NERA and ISS Securities Class Action Services for a virtual discussion on securities class action trends in 2022. Mit Studienbeitrgen zu BWL, VWL und Wirtschaftsinformatik. Free interview details posted anonymously by NERA Economic Consulting interview candidates. A framework is a tool that helps you structure and break down complex problems into smaller, more manageable components. 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. If the case interview is a candidate-led case, youll be expected to propose what area of your framework to start investigating. Example: In my last position, I disagreed with a team members conclusion on a project we were working on for a client. If you lay out and present your structure to solve the quantitative problem and the interviewer approves of it, the rest of the problem is simple execution of math. The brain teaser was pretty hard. one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. Glassdoor users rated their interview experience at. 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. Nothing too hard, but they never got back to me with a reply. 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. These can be areas of your framework that you did not have time to explore or lingering questions that you do not have great answers for. All online. Reviews Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. Are you able to handle large amounts of data and interpret it effectively? Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. In fact, I find that breaking down a large dataset into smaller chunks makes it easier for me to analyze and understand the information.. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. So whether youre interviewing for an entry-level position or a management role, read on for some insight into the types of questions you can expect, and how to answer them. Based on 776 salaries posted anonymously by NERA Economic Consulting Research Officer employees in Braunton. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. if fewer than half of the pirates agree with you, you die. This question is an opportunity to show your enthusiasm for the role and the company. what projects I have involved in? Asked about mistakes in data, what certain graphs meant, and a probability question. Interview Type: Behavioral and Fit Interviews. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. The questions were mostly behavioral (no case study) and on my experience doing research. The key to answering qualitative questions is to structure your answer. The most important part of this step is to verify the objective of the case. On top of the behavioral test, be assured they will also be looking at your past experience and skills and may even test you to determine your quantitive and analytical abilities. In their recent article, Dr. Verena Hahn, Dr. Yves Herv, Dr. Jens Rubart, and Dr. Salem Saljanin showcase how the Shapley value concept can be utilized for multinational corporations profit allocation. Discover Best Places to work in India. 1. It also tests your ability to apply what you know about the field to real-world situations. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . 5 different interviewers. Add your data to unlock Full WSO Database. The most difficult questions were to explain actual economic concepts to my interviewer. Make sure you can talk alot about all experiences you have working with data. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. In the last step of the economic consulting case interview,youll present your recommendation and provide the major reasons that support it. Overall, I think the most tricky part is actually to make your resume good enough to get noticed. After all, running the same statistical regressions on 2 different industries isnt really that different at the end of the day. I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? Its important to be honest, but also highlight some of your best qualities that will make you an asset to the organization. The construction costs $1B, but your client would . 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. NERA Economic Consulting If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. If we were to ask your previous manager what your greatest strength was, what would they say? It also allows you to see what their previous manager thought of them, which can be an important factor in deciding whether or not to hire someone. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. The second interview was superday style with 4 back to back interviews. That means being smart about grabbing it from inside its own ranks, not just outside. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. The current method of measuring GDP does not take into account many important factors, such as environmental sustainability or social equality. Register today: Dr. Dan Werner and Huy Dang discuss the theory and practice of citation analysis and how it can be relevant to the work of damages experts and valuation analysts in a litigation context. Nothing unexpected. I interviewed at NERA Economic Consulting. It felt rather informal and laid-back. Do you have experience conducting research? Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. 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.
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