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. WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. 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. For the best experience we recommend upgrading to the latest version of these supported browsers: I wish to continue viewing on my unsupported browser, Learn more about NERA's global services
Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. Two rounds of interviews with a mix of junior/senior level staff. The second round was an interview with a Managing Director. Case Interview Question #01003: The client Turner Construction Company is a North America-based, international construction services company and is a leading builder in highway. Economic consulting focuses on the application of economic principles to real-world problems, while management consulting focuses on providing strategic and operational advice to businesses. Required fields are marked *, Are you a human or a robot? If you have strong math skills, this can be an opportunity to show off your abilities. how do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive? The hiring process at NERA Economic Consulting takes an average of 26 days when considering 184 user submitted interviews across all job titles. 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. Its a hardcore reality when you put too many economists together, you dont get hipster culture you get (with some exception) a tendency toward cut-and-dry facts with a bit of social awkwardness thrown in. Case Type: investment. It was a typical Hirevue interview not much more that I can actually say to describe it but I have to meet the character minimum. In your answer, define macroeconomics and microeconomics and explain how they differ from each other. If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. 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. However, one that tripped me up was describing how I delegate tasks in a leadership position. What are your thoughts on the current state of the economy? So, propose an area and provide a reason for why you want to start with that area. Are you able to handle large amounts of data and interpret it effectively? Nothing unexpected. The HR and the case study consultants were all nice and friendly. 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. Poor. Analysis Group We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. I applied online. Wirtschaftsberatung sucht Trainees (m/w/d) Wirtschaftsberater Horvth sucht Consultant (w/m/d) Insurance. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Turner Construction Evaluates Interstate Highway Project. Looking for case interview practice partners? Economic consulting is used less for strategy, and more for litigation or regulatory compliance issues. Ms. Orlandi specializes in matters related to power, capacity, and renewable energy markets and auctions. Why NERA? However, most positions will require at least one behavioral interview and one technical interview. Defense Consulting. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. That means being smart about grabbing it from inside its own ranks, not just outside. NERA Economic Consulting interview details: 217 interview questions and 206 interview reviews posted anonymously by NERA Economic Consulting interview candidates. Consulting Firm: NERA Economic Consulting first round full time job interview. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. The brain teaser was pretty hard. Can you conduct the right analyses to draw the right conclusions? We conducted an economic forecast to determine if there would be enough demand for their products at this location. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. Human Resources Consulting. one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. New York, NY. Conduct research on industry trends, market dynamics, and other topics related to client engagements. Talked with two analysts and 3 senior-level employees. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. What is something that you learned recently about economics or finance? McKinsey & Company Cookies Notice | I applied in-person. Employers ask this question to learn more about your background and how it relates to the job. When answering this question, try to think of something that youve been trying to improve or work on recently. I applied online. One competency based interview and one economics one that covered mainly basic economic intuition on topics like natural monopolies. Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . The firm initially consisted of 17 employees and the 2 founders. Its important to be honest, but also highlight some of your best qualities that will make you an asset to the organization. Once you have finished presenting your framework, youll start diving into different areas of your framework to begin solving the case. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Privacy Notice | Use your answer to highlight some of your most important analytical skills and how they benefit your work. Its boring. I interviewed at NERA Economic Consulting in May 2021. Reported anonymously by NERA Economic Consulting employees. They post available internships during the winter months on Marsh & McLennans recruiting. Which area of economics are you most interested in and why? The other two were behavioral and with younger staff/analysts. Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. An econometric analysis of data on the London metal exchange 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. Please Log in or Register now.Subscriptionsstart at only $7/month. Discussion related to relevant sector for internship but didn't require specialist knowledge. Free interview details posted anonymously by NERA Economic Consulting interview candidates. While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. I applied through college or university. If youre looking to become an economic consultant, youll need to ace your economic consulting case interviews. I interviewed at NERA Economic Consulting in Jan 2023. The current method of measuring GDP does not take into account many important factors, such as environmental sustainability or social equality. 203. The final round consists of a series of interviews and a job market paper presentation. The second round was an interview with a Managing Director. That means: motivation, clearly defined research question, methodology, problems and solutions, results. Using this method allows economists to more accurately predict future inflation rates.. NERAs first clients were in the natural gas industry. This question is an opportunity to show your enthusiasm for the role and the company. Steven Failla has been working as a Software Engineer for NERA Economic Consulting for 306 days. Senior Consultant Dr. Ildiko Magyaris thesis, Firm Reorganization, Chinese Imports, and US Manufacturing Employment has been cited in a report published by the Joint Economic Committee of the US Senate. really drilled deep into stats concepts and research topics. Read more: We are excited to announce Dr. Soren Tang Sorensen has been promoted to Director. Example: I would first make sure I have all my materials ready, including any visuals or slides I may need. 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. Industry Coverage: None They were nice and encouraged questions. This question is an opportunity to show your passion for the field of economics. 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.. Please calculate: 46 + 54 = ? Overall experience. What is the difference between macroeconomics and microeconomics?
I had to explain how I would have ran the regression in my program of choice. There is generally no right or wrong area of your framework to pick first. They might know your approach was right, but they want to make sure you can explain why (kind of like a stress test). Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Q: Tell me about yourself. Based on 1 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay, England. Bain & Company However, I am confident in my ability to work with larger datasets if needed. 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. I believe that if we continue to focus on these issues, we will see more sustainable growth.. If economics isn't your strong suit, National Economic Research Associates (known as NERA Economic Consulting) can help. 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. Continue Reading Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. 2005-2023 Wall Street Oasis. An example of how you overcame a problem, dealing with messy data, etc.