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. The process was structured and the interviews were fairly standard: I talked about my research mostly and the interviewers told me about the firm. I have worked on many projects where we were given tight deadlines and strict budgets, but I always managed to meet expectations while maintaining high-quality work.. WISU - die Zeitschrift fr Wirtschaftsstudenten. Well, NERA is no MBB. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. Two were with Directors and were case studies about stock price changes. 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.. 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. Maths and economics test, micro economics and econometrics case study interview, a case about UK electricity industry, use economics theory to explain. The technical interviews will focus on your economic knowledge and research skills. If you are considering alternative resources to use, below are the two books we recommend. Reviews If a NERA consultant isnt thinking about leaving consulting, but wants a different focus, there are also opportunities for consultants to transition inside the Marsh & McLennan organization to management consulting at. 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. The only information I had to go off of was what the department head told me about their current spending habits. I applied through the campus recruiting program, and was invited for a first round interview on campus, where I spoke to one senior level person. Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. Focus on understanding the context of the situation and the objective of the case. After all, running the same statistical regressions on 2 different industries isnt really that different at the end of the day. NERAs first clients were in the natural gas industry. They have a wide variety of practice areas including Antitrust and Competition, and Energy, Environment, Communications and Infrastructure. Its also a chance to demonstrate that youve done some research about NERA Economic Consulting, so be sure to mention something specific about the company or its work. 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. NERA Economic Consulting interview details: 217 interview questions and 206 interview reviews posted anonymously by NERA Economic Consulting interview candidates. 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. Employing more than 500 professionals, including 425 economists, the . Interviewing with NERA Economic Consulting? 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. They ended up reducing the cost by 15%, saving the company $150,000.. However, one that tripped me up was describing how I delegate tasks in a leadership position. Looking for case interview practice partners? They then go in depth in asking you to explain past research you have done. Panelists will dive into settlements, filings, special cases, and what to expect in 2023. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. For example, you may be asked to calculate a certain profitability or financial metric. This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. I interviewed at NERA Economic Consulting in Jan 2023. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. 1 NERA Economic Consulting Consultant Securities interview questions and 1 interview reviews. The process took 2+ months. There was no case question for me but I heard other candidates have those. NERA has a large number of practice areas that the firm divides up into 5 categories: As you can see, the firm covers a much broader spectrum of practice areas than many of the core strategy consulting firms we profile. 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. Opens the Fishbowl by Glassdoor site in a new window. Interviewers want to know that youre aware of your weaknesses and are actively working on them. And lets just say this here thats not a huge surprise. 101 Great Answers To The Toughest Interview Questions, 201 Best Questions To Ask On Your Interview, 201 Knockout Answers To Tough Interview Questions, High Impact Interview Questions: 701 Behavior Based Questions, How To Succeed At Interviews: Over 200 Interview Questions, Nail The Job Interview: 101 Dynamite Answers To Interview Questions, How To Answer The 64 Toughest Interview Questions, Fit & Behavioral Interview Skills That Win The Job. Average salary for NERA Economic Consulting Research Officer in Braunton: 46,245. 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. Infos und Tipps zu MBA-Studium, Berufseinstieg und Karriere. Free interview details posted anonymously by NERA Economic Consulting interview candidates. Why this particular position? I interviewed at NERA Economic Consulting in May 2021. 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. 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. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. What are your selling points? One first round phone interview followed by a super day. I applied in-person. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. 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. I applied through college or university. Turner Construction Evaluates Interstate Highway Project. case study interview, a case about UK electricity industry, use economics theory to explain. Glassdoor users rated their interview experience at. They had a set of graphs that you would typically see in a statistics course or an econometrics course, like a QQ-plot, etc. I applied from my economics department career website. Charles River Associates In my case, I did not have a case and the interview was largely made up of questions regarding my past experiences and skills. Health Sciences Consulting. Are there any particular projects or areas that you would enjoy working on at our firm? I applied online. A case on what is the size of the domestic market for cell phones. how do you evaluate the legal environment in a state and its influence on business development, Get started with your Free Employer Profile, Research Officer - Energy, Environment, Communication and Infrastructure (1), Research Associate for Antitrust Practice (1), The Ultimate Job Interview Preparation Guide. Read more: We are excited to announce Dr. Soren Tang Sorensen has been promoted to Director. If you hover over the various sections of the donut, you will see the % breakdown of each score given. How would you analyze allegations of discriminatory lending practices? An econometric analysis of data on the London metal exchange While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. For me it was because I used a cool dataset for my research. Industry: Consulting. On average, Steven Failla works for one company for 2 years 2 months. Asked about previous research experience and especially quantitative experience. Industry Coverage: None Number of Questions: 207. Generally, youll want to follow these six steps. Why NERA? 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. 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. This question is a great way to learn more about the candidates personality and how they interact with others. The career path of NERA is not too different to that of other major consulting firms. They are looking for candidates with a strong quantitative background. Brush up on GRE and GMAT math questions, and make sure you remember key economics principles and statistical equations. New York, NY. Interview Type: Behavioral and Fit Interviews. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . Yes. What is the interview process like at NERA Economic Consulting? 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. Database of NERA Economic Consulting interview questions. BCG Platinion Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. However, folks are hired for brains, not wit, so be prepared to stay pretty serious while on the job and know that youll be chained to your desk more than you would at MBB or even a financial advisory firm. if fewer than half of the pirates agree with you, you die. NERA Economic Consulting. Interview Type: Behavioral and Fit Interviews. Bain & Company All online. This firm has an amazing operation. Poor. 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. Not answering the right business question is the quickest way to fail a case interview. The 6 Steps to Solve Any Economic Consulting Case Interview . Economic consulting is used less for strategy, and more for litigation or regulatory compliance issues. The firms are hip and cool, and people are valued for contributions not positions. I was a lateral hire. I interviewed at NERA Economic Consulting. Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. 1. Free interview details posted anonymously by NERA Economic Consulting interview candidates. One first round phone interview followed by a super day. Consulting Firm: NERA Economic Consulting first round full time job interview. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. My studies helped me understand how businesses work and what factors influence them. On a scale of 1-10 where 1 is Easy and 10 is Difficult, rating is 5. The first interview was a mix of behavioral and a simple case about stock price in a merger. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. Tell me about yourself. The other ~20% come from employee referrals (18%) and application online (2%). (Note that because fit is very important to NERA, each office hires separately. Diversity groups are called Employee Network Groups in Marsh & McLennan companies. Nothing was particularly difficult. 116 NERA Economic Consulting Research Associate interview questions and 105 interview reviews. 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. Talked with two analysts and 3 senior-level employees. https://t.co/6uK69f6bp0. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. That means: motivation, clearly defined research question, methodology, problems and solutions, results. Are there any questions you want to ask me?You need to log in to access the rest of the page. In my last role, I worked with a client who was having trouble finding qualified employees for their factory. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. If you found this article helpful, youll love our comprehensive case interview course. And they all knew my name, which was pleasantly surprising. Find contacts: direct phone number, email address, work experience. NERA highlights 5 core values on their website. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. So, propose an area and provide a reason for why you want to start with that area. NERA Economic Consulting Nearly every major economic consulting firm uses case interviews in their interview process. Looking for case interview practice partners? They also asked about the motivation for working in economic consulting. In the January issue of the Wiley journal Climate and Energy, Managing Director Dr. Jeff D. Makholm examines the European natural gas disaster (so far). Just MAKE SURE you network at such a small firm, a blind resume drop means nothing and an employee recommendation means everything. Each firm supports and offers experts to testify in litigation matters related to economics and finance. Why you? 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 (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. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. NERA Economics Impact Report. What is something that you learned recently about economics or finance? 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. None of the questions were super unexpected. Number of Questions: 207. Another way to think about frameworks is brainstorming different ideas and organizing them into different categories. They may ask a few questions or provide some feedback. Be the first to find this interview helpful. The interview lasted about 30 min with one consultant. When brainstorming a list of ideas, develop a structure to help you neatly categorize all of your ideas. Its important to be honest in your answer, but try not to make it too political or controversial. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. One of them was resume based, and others tested on how fast the candidate could respond to real-world economic problems. The other hard thing to prepare was various ways to code into STATA or R specific econometric models. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Seaham. Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. IT Operations Consulting. NERA Economic Consulting understands what many people can't: economics. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. Case Type: pricing & valuation. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. For example, it might study how consumers make purchasing decisions in one industry. I was a lateral hire. Through more than 20 offices worldwide, the company offers economic research, analysis, and advice to governments, corporations, regulatory agencies, trade associations, law firms, and other organizations. In fact, I find that breaking down a large dataset into smaller chunks makes it easier for me to analyze and understand the information.. I applied online. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. Very unprofessional. The interviewer asked me to introduce myself and then asked about my research paper. Discover Best Places to work in India. 10. View Benjamin Seggerson's email address: bxxxxxxxxxn@nera.com & phone: +1-323-xxx-xx07's profile as Associate Director - Business Development & Marketing at NERA Economic Consulting, located in Washington, District of Columbia. You will be expected to present findings from time to time, how would you prepare for a presentation? Describe a time where you were given a task with limited information. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design.
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