204. Make sure you have a compelling story about yourself that leads to why you are interested in the job. 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. Best Economic Consulting Firms - Firsthand This question is an opportunity to show your passion for the field of economics. It also helps them determine if you are likely to be challenged by the work they do at NERA. NERA Economic Consulting Internship Interview Questions Maths and economics test, micro economics and econometrics case study interview, a case about UK electricity industry, use economics theory to explain. How this process will start depends on whether the case interview is candidate-led or interviewer-led. The higher the number, the more difficult the interviews on average. Or, solve 6 sample cases for free! Excellent. How High Above Ground Would New Rope Sit? The behavioral interviews will focus on your past experiences and why you are interested in working at NERA. 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. How did you approach the situation? Interviewing with NERA Economic Consulting? Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. Any insight much appreciated. Case Type: investment. You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. They also asked about the motivation for working in economic consulting. 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. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. Do your recommendations make sense from a feasibility perspective? Nothing unexpected. NERA Economic Consulting Benjamin Seggerson's email & phone number - Associate Director It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. It felt rather informal and laid-back. This question can help the interviewer get a sense of your knowledge and how you learn. Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. This is because lowering taxes incentivizes businesses to invest more money back into their companies, which leads to increased productivity.. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. Thanks in advance Read more: NERA Economic Consulting is pleased to sponsor the Womens White Collar Defense Association. 5 different interviewers. You should be able to solve your economic cases without having to rely on outside knowledge. I interviewed at NERA Economic Consulting (London, England) in Mar 2017. how much should they spend on advertising? Nera Economic Consulting Interview Questions & Answers 2023 Its boring. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? Employers ask this question to learn more about your background and how it relates to the job. The whole process takes about a month and a half. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. A maths problem based around the concept of game theory. 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. 1. If you are interviewing for an entry level economics consulting role, you likely wont be expected to have deep expertise in these topics. 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.. At NERA, the fit questions are of utmost importance they want to know you have integrity, smarts and skills so it would definitely be to your advantage to be well prepared. 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. Not invited for the second round Of interview. Why this particular position? or Want to Sign up with your social account? The brain teaser was pretty hard. 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. I applied for the Finance and Securities practice. NERA consultants are impeccably trained to understand the rich complexities of the competitive landscape, and as such are confident in their abilities to develop competitive products and services. 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 . Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. If economics isn't your strong suit, National Economic Research Associates (known as NERA Economic Consulting) can help. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. What is the difference between macroeconomics and microeconomics? On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. KPMG. They rescheduled for me. how do you choose which ones to do? Student. NERA Economic Consulting Interview Questions | Wall Street Have some insider perspective that youd like to share? What is an Economic Consulting Case Interview? It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. An econometric analysis of data on the London metal exchange NERA Economic Consulting - Firsthand Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. Consulting Firm: NERA Economic Consulting first round full time job interview. 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. I interviewed at NERA Economic Consulting in Jan 2023. 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. This question helps the interviewer determine if you possess the necessary skills to succeed in this role. 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. This firm has an amazing operation. Defense Consulting. 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. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. 205. Analytical problem solving: Can you read and interpret data well? Preferred locations; Seattle, Cali, DC, Toronto. NERA Economic Consulting Behavioral & Fit Interview Questions Employing more than 500 professionals, including 425 economists, the . That means being smart about grabbing it from inside its own ranks, not just outside. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. 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. The second round was an interview with a Managing Director. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. 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. Nothing too hard, but they never got back to me with a reply. You may be asked to brainstorm a list of potential ideas. They post available internships during the winter months on Marsh & McLennans recruiting. Free interview details posted anonymously by NERA Economic Consulting interview candidates. 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. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. NERA Economic Consulting. Your client wants to estimate the market size for jeans in the U.S., how would you go about doing that? Are you pleasant to be around? NERA Economic Consulting interview details: 217 interview questions and 206 interview reviews posted anonymously by NERA Economic Consulting interview candidates. Talked with two analysts and 3 senior-level employees. Privacy Notice | Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. How are economic forecasts used in business decisions? The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. While there is a broad range of business situations and problems you could face in an economic consulting case interview, there are four major types: Corporate / Advisory Cases: These cases include topics such as corporate governance and compliance, risk advisory services, transaction advisory, M&A support, and valuation. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. NERA, Monckton Chambers, and Augusta Ventures held an in-person conference exploring the UKs developments in competition litigation and expectations for 2023. As you can see, compared to traditional case interviews, economic consulting cases may require more specialized knowledge of economics, finance, or law. The phone interview was about 30 minutes. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. NERA Economics Impact Report. The process took 3 weeks. I am especially interested in working here because of the firms commitment to diversity and inclusion. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. They ended up reducing the cost by 15%, saving the company $150,000.. 2005-2023 Wall Street Oasis. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. The process took 6 weeks. It studies things like inflation rates, unemployment levels and gross domestic product.. When brainstorming a list of ideas, develop a structure to help you neatly categorize all of your ideas. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? 5. Also, check glassdoor because it helped me a lot. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Anonymous interview candidate in New York City, Anonymous interview candidate in New York, Anonymous interview candidate in Washington DC, Anonymous interview candidate in Providence, 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. H&Z sucht Praktikant Business Intelligence (w/m/d) Deutsche Bundesbank sucht Bundesbank-Referendariat (m/w/d) 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. 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. (Note that because fit is very important to NERA, each office hires separately. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. Behavioral questions such as what is your favorite course? 207. I applied online. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. A week after the phone interview, I was invited for an on-site interview. Aktuelle Stellenanzeigen und Praktika. What would you say is your biggest weakness as an analyst? If we were to ask your previous manager what your greatest strength was, what would they say? An early boom in the market for awful music allowed him to amass a substantial war chest and offer products (all music Read the rest, Case Type: math problem, brain teaser. M&M companies are traditionally excellent pioneers of diversity and inclusion culture check out the below under Interviews & Recruiting. Opens the Fishbowl by Glassdoor site in a new window. This button displays the currently selected search type. In the last step of the economic consulting case interview,youll present your recommendation and provide the major reasons that support it. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. Free interview details posted anonymously by Charles River Associates interview candidates. Although NERA is concentrated on the East Coast of the U.S., NERA reviews the global economic landscape. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. NERA does most of its (U.S. and Europe) recruiting out of these schools some of them do not match up with core MBB schools (note George Washington University and not Georgetown, for example): If you dont go to one of these target schools, but youre a master in economics (GPA of 3.7+, departmental awards, etc. I also use data analysis software to help me collect relevant information from various sources. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. Industry Coverage: mass media & communications; sports, leisure & recreation. This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. Interview Type: Behavioral and Fit Interviews. The company asked for resume, transcript, writing sample, and recommendation. 206. What is the interview process like at NERA Economic Consulting? As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. Example: Ive worked on several research projects throughout my career, including one where I analyzed the economic impact of a new highway construction project and another where I researched the effects of tax reform on small businesses. NERA helps companies predict likely lawsuits and litigation, which anyone would think valuable but it doesnt make them the darling of the advisory industry, especially when analysis or research predicts bad news. This question can help the interviewer get to know you as a person and how your personality might fit in with their company. I had to walk through a pretend case in econometrics, which culminated in regression testing. Example: I am most interested in economic theory, particularly supply-side economics. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. One first round phone interview followed by a super day. The other hard thing to prepare was various ways to code into STATA or R specific econometric models. The career path of NERA is not too different to that of other major consulting firms. Prepare for 40 min, presentation, and QA partner interview. Why economic consulting? 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. NERA Economic Consulting understands what many people can't: economics. I interviewed at NERA Economic Consulting (New York, NY). He would ask about specific concepts related to econometrics and economics, and there were a few concepts that I did not expect to have to explain. Overall, the interview process is relatively long and can take up to two months to complete. Both interviews were online (on zoom) with two consultants. Data Analytics Consulting. The technical interviews will focus on your economic knowledge and research skills. 1. NERA has established quite a global presence with 26+ offices in North America, Europe, and Asia Pacific. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. 201. 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. NERAs first clients were in the natural gas industry. 3. Difficult. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? Then we all went to lunch from noon-1 with 2 other employees. 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.

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