(Note that because fit is very important to NERA, each office hires separately. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. For example, I worked with a client who was considering opening a new location. No case studies. Personality and cultural fit: Are you coachable and easy to work with? It also allows you to demonstrate your knowledge and understanding of different areas of study within the field. Number of Questions: 207. The firm initially consisted of 17 employees and the 2 founders. Case Type: pricing & valuation. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. Human Resources Consulting. Economic consultants solve problems ranging from estimating future liabilities to helping settle legal disputes. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. Energy Consulting. This question is a way for the interviewer to assess your math skills and how you feel about them. This question is a common one in interviews, and its important to be honest. 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. Mr. Jon Wainwright, Affiliated Consultant, NERA Economic Consulting This is because lowering taxes incentivizes businesses to invest more money back into their companies, which leads to increased productivity.. The phone interview featured relatively straightforward questions and none that I found too tricky. NERA Economic Consulting Consultant Securities Interview Questions I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. However, NERA people the ones who stay love their work, find it interesting and challenging, and enjoy working with the high profile cases that the best economic consulting firm in the industry offers them. Free interview details posted anonymously by NERA Economic Consulting interview candidates. 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. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. 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. If you are interviewing for an entry level economics consulting role, you likely wont be expected to have deep expertise in these topics. 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. Despite recent global expansion, the core offices are still located in the U.S. in the mid-Atlantic and northeast academic hotbeds. In this first round interview all of the questions were behavioral. This question is an opportunity to show your enthusiasm for the role and the company. Employers ask this question to learn more about your background and how it relates to the job. Environmental Sustainability Consulting. https://t.co/6uK69f6bp0. However, most positions will require at least one behavioral interview and one technical interview. 2. The environmental impact of gold mining Read the rest. NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. My studies helped me understand how businesses work and what factors influence them. The individual interviews depend on who is on the team that's looking to hire you, so I wouldn't say there's such a thing as a "NERA" interview experience. A week after I applied online, I received an invitation for a phone interview. Two were with Directors and were case studies about stock price changes. Candidates applying for Intern had the quickest hiring process (on average 15 days), whereas Research Associate roles had the slowest hiring process (on average 27 days). Opens the Fishbowl by Glassdoor site in a new window. 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. 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. The deadline was tight, but I knew I could do it if I worked hard enough. Any insight much appreciated. NERA Economic Consulting Salaries in Newquay, England If you are considering alternative resources to use, below are the two books we recommend. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. Its important to be honest, but also highlight some of your best qualities that will make you an asset to the organization. The whole process is not really intimidating but the feedback is quite slow. When giving your opinion on a business issue or situation, provide a summary of your stance or position and then enumerate the reasons that support it. The whole process takes about a month and a half. I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. 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. The process took 3 weeks. The interview lasted about 30 min with one consultant. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. The first notable factor about interviews is that, unlike MBB where youll have an almost identical process around the world NERA interviews are largely up to the interviewers. The first interview was a mix of behavioral and a simple case about stock price in a merger. 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. BCG Platinion Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This question can help the interviewer understand how you handle conflict and disagreements in the workplace. NERA Economic Consulting case interview questions & answers On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. How High Above Ground Would New Rope Sit? Diversity groups are called Employee Network Groups in Marsh & McLennan companies. Iris Li - Research Associate - NERA Economic Consulting - LinkedIn The questions were mostly behavioral (no case study) and on my experience doing research. Just MAKE SURE you network at such a small firm, a blind resume drop means nothing and an employee recommendation means everything. Nera Economic Consulting Interview Questions & Answers 2023 Interview Questions. The number you see in the middle of the doughnut pie chart is the simple average of these scores. You may be asked to brainstorm a list of potential ideas. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. The other 50%, however, did have case questions to solve mostly situational. This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. Benjamin Seggerson's email & phone number - Associate Director The other ~20% come from employee referrals (18%) and application online (2%). Why economic consulting? The HR and the case study consultants were all nice and friendly. As for cases, ~50% of candidates last year did not having any case questions come up in the interview at all. The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company. 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. 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. 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.. I am especially interested in working here because of the firms commitment to diversity and inclusion. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. In Europe, Australia, and New Zealand, the career path in terms of responsibilities is pretty similar although they decided to switch up the names and number of positions to be more culturally relevant reflecting that an MBA is non-mandatory and direct promotion is a standard although the titles are also more confusing due to the lack of a global standard (which would never happen at McKinsey or BCG): Research Officer Analyst Consultant Senior Consultant Associate Director Director, NERA Economic Consulting offers a limited number of 10-week summer internships to undergrads who are currently working on their BA/BS. Example: At my previous job, I was tasked with creating a financial model for a client who needed the information as soon as possible. BCG Platinion NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. Brown Consulting Club They asked me to draw graphs and to show them to the camera. Generally, youll want to follow these six steps. I got to their office at 9 and there were 2 other candidates there. Are you able to handle large amounts of data and interpret it effectively? Looking for case interview practice partners? I applied in-person. Be prepared to explain your research/analysis in-depth and a number of times. AmbitionBox. How this process will start depends on whether the case interview is candidate-led or interviewer-led. I interviewed at NERA Economic Consulting (New York, NY). Steven Failla's email & phone number - Software Engineer at NERA This question helps the interviewer determine if you possess the necessary skills to succeed in this role. 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 process took 6 weeks. I interviewed at NERA Economic Consulting. What are your thoughts on the current state of the economy? 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. Interview process at NERA Economic Consulting. Conduct research on industry trends, market dynamics, and other topics related to client engagements. Asked about previous research experience and especially quantitative experience. Interview Type: Behavioral and Fit Interviews. The second round was an interview with a Managing Director. 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 Industry Coverage: None NERA Economic Consulting Corporate Web Specialist Salaries in Newquay The most difficult questions were to explain actual economic concepts to my interviewer. I did an in-person first interview at the school, then a final round on-site. NERA's economists create reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. NERA Economic Consulting | Management Consulted Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. Easy. This question can help the interviewer get to know you as a person and how your personality might fit in with their company. Read more: We are excited to announce Dr. Soren Tang Sorensen has been promoted to Director. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? Anonymous Interview Candidate in Washington, DC, I applied online. Interviewing with NERA Economic Consulting? Hosted By: NERA Economic Consulting, Monckton Chambers and Augusta Ventures, Bankruptcy and Financial Distress Litigation, White Collar, Investigations and Enforcement, Third Annual UK Competition Litigation Conference, Dr. Arturo Gonzalez Joins NERA as Associate Director, ISS SCAS & NERA: A Look Back at 2022 and Whats Ahead in 2023, Schne neue Verrechnungspreiswelt: Gewinnverteilung anhand anteiliger Value CreationEin Lsungsvorschlag (Teil 1). As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. 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. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. All about economic consulting: what it is, how to get a job How did you approach the situation? Required fields are marked *, Are you a human or a robot? There are some areas where we could improve, such as increasing wages for middle-class workers and decreasing income inequality. 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. Analysis Group Marsh & McLennan Companies, which also now owns big brand, 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 550+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases, Marsh & McLennan Companies Asia-Pacific Womens Group, Marsh LGBT (Lesbians, Gays, Bisexual and Transgender), Marsh WEBB (Womens Executive Business to Business), Women Making a Difference (Marsh and Mercer women in Pittsburgh).