Interview. Case Type: increase sales/revenues. *, You need to log in to access the rest of the page. H&Z sucht Praktikant Business Intelligence (w/m/d) Deutsche Bundesbank sucht Bundesbank-Referendariat (m/w/d) The other hard thing to prepare was various ways to code into STATA or R specific econometric models. Evidence of the high demand for NERAs economic consulting services was seen in the companys quick growth, which made NERA a target for the 80s consulting consolidation. Interviewing with NERA Economic Consulting? They are saying, however, that they remain on top of cutting-edge forms of economic analysis and bring a 360-degree look at any problem or issue. However, I am confident in my ability to work with larger datasets if needed. It studies things like inflation rates, unemployment levels and gross domestic product.. You can look at the other case interview examples to practice thinking about how you would structure an approach to solve those cases. Any insight much appreciated. NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. I was a lateral hire. One of the questions dealt with a particular advertisement about certain hospitals/doctors that discouraged patients from visiting them, which turned out to be false. If youre interviewing with NERA Economic Consulting, youre in luck. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. Why do you want to work at NERA Economic Consulting? Be the first to find this interview helpful. or Want to Sign up with your social account? College / University / On Campus Recruiting. Please calculate: 46 + 54 = ? 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. Continue Reading Industry Coverage: mass media & communications; sports, leisure & recreation. 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. Communication skills: Can you communicate in a clear, concise way? https://t.co/6uK69f6bp0. Why should we not hire you? Environmental Sustainability Consulting. Industry Coverage: mining & metals production. The interviewer asked me to introduce myself and then asked about my research paper. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. The company asked for resume, transcript, writing sample, and recommendation. nera economic consulting interview gemini and scorpio parents gabi wilson net worth 2021 . The 6 Steps to Solve Any Economic Consulting Case Interview . Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. They have a wide variety of practice areas including Antitrust and Competition, and Energy, Environment, Communications and Infrastructure. I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. 2023 National Economic Research Associates, Inc. Did you know that your browser is out of date? Director Daniel Hanson, Consultants Dr. Francis Ostermeijer and Dr. Tuba Toru Delibasi, and Economic Analyst Khalil Sabourian evaluated the impact of infection resiliency interventions on buildings in the UK for the Royal Academy of Engineering. Are you able to handle large amounts of data and interpret it effectively? super day, on site, five one-on-one interviews. Continue Reading Economists at the firm create studies, expert testimony, strategies, reports, and policy recommendations for the world's leading law firms . 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. I would rate my math skills at a 9 out of 10.. They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. Copyright Hacking the Case Interview 2023. Number of Questions: 207. All online. 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. 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. 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 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.. While the interviewer is speaking, make sure that you are taking meticulous notes on the most important pieces of information. Case studies and behavioral questions (Why Nera, tell me about your research, etc). Overall the process was very fast, one screening interview, one 3 hr interview, and a final interview with MD. What would you say is your biggest weakness as an analyst? All Rights Reserved. This is a common Marsh & McClennan portfolio firm trait one definitely shared by Lippincott and Oliver Wyman. NERA Economic Consulting understands what many people can't: economics. 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. I applied through college or university. Free interview details posted anonymously by Charles River Associates interview candidates. why NERA? 4. Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. - 08 December 2021. A pet shop retailer wants to open a new 400m2 shop. Financial Consulting. We were able to come up with a solution where they could hire more part-time workers to fill positions until they found someone full time.. NERA Economic Consulting is looking for candidates who have strong analytical skills. 5. Prepare for the types of questions you are likely to be asked when interviewing for a position at NERA Economic Consulting. 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. 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) >. NERA has developed quite a reputation, but has managed to keep itself small, clearly focused and prestigious in the process. 5 different interviewers. 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. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. Graduating with Econ masters from Yale next May ~ roughly 2 years work experience in research & data analysis at a Big 4. It also helps them determine if you are likely to be challenged by the work they do at NERA. NERA Economic Consulting is a subsidiary of parent company Marsh & McLennan Companies, a Fortune 500 company in the diversified financial industry who also owns a number of firms including Mercer, an HR Consulting firm, and Oliver Wyman, a top 10 Financial/Strategy Consulting firm. AmbitionBox Interview Questions. The case studies were the most difficult questions asked. 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. It felt rather informal and laid-back. Nothing unexpected. This question can help the interviewer determine if you have experience with similar projects to those they may assign you at NERA. A consultant asked me some technical questions on economics and econometrics, which are the most difficult ones. 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. Does this vary by practice area? Terms of Use | 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. NERA Economic Consulting In my last role, I worked with a client who was having trouble finding qualified employees for their factory. Example: I graduated from Boston University with a bachelors degree in economics. The interview focus is largely dependent on which practice you are interviewing for. 207. Can you use logic and reason to make appropriate conclusions? The interview lasted about 30 min with one consultant. Microeconomics materials should be reviewed for the preparation. It is also good practice to include potential next steps that you would take if you had more time or data. 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. what projects I have involved in? 8 NERA Economic Consulting Analyst interview questions and 8 interview reviews. The interview last from 9:30 to noon. Twenty minute HR interview followed by hour with two current employees on economic principles and a case study split into two parts. They asked me to draw graphs and to show them to the camera. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. How would you determine econometrically if a firm is inefficient? Case Interview Question #01154: Our client, Mr. 8 NERA Economic Consulting Internship interview questions and 9 interview reviews. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. What analysis, what program skills you know. A current research associate interviewed me and asked basic questions regarding previous research projects and analytical skills such as if I know any programming skills, R, Python, or STAT. When it comes to interviews, preparation is key. An example of how you overcame a problem, dealing with messy data, etc. 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. 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. Economic consulting is used less for strategy, and more for litigation or regulatory compliance issues. The process took 2 weeks. The final round was five back-to-back interviews at their New York office. 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. See the diagram below for a clear structure of how the Marsh and McLennan Companies are organized. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . If you are considering alternative resources to use, below are the two books we recommend. Economic consulting case interviews will also typically have qualitative aspects to them. 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. Example: Im motivated by helping others succeed. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The environmental impact of gold mining Read the rest. 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. A client has a budget of xx, what would you do with it? Use examples from your experience to explain the value of economic forecasting and how it helps businesses make important financial decisions. They ended up reducing the cost by 15%, saving the company $150,000.. My studies helped me understand how businesses work and what factors influence them. You had some unusually varied work experience before you went to business school. 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. Data Analytics Consulting. Free interview details posted anonymously by NERA Economic Consulting interview candidates. Why NERA? NERA Economic Consulting While the course is focused on preparing candidates for management or strategy consulting roles, many of the strategies and frameworks can be applied to economic consulting roles. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. 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). why economic consulting? Industry Coverage: None Two rounds of interviews with a mix of junior/senior level staff. I applied from my economics department career website. Employing more than 500 professionals, including 425 economists, the . It was important for me to know my resume inside and out. Half an hour of an HR interview and two case studies. ), there is a slight chance that you will be hired although they will be looking for the same experience and skills level as those who have attended top tier schools. Interview Questions. The phone interview was about 30 minutes. Thanks in advance When expanded it provides a list of search options that will switch the search inputs to match the current selection. Based on 776 salaries posted anonymously by NERA Economic Consulting Research Officer employees in Braunton. None of the questions were super unexpected. Consulting Firm: NERA Economic Consulting 1st round full time job interview. I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. After several email communications, HR arranged an interview with a senior partner at New York. Case Type: pricing & valuation. I got to their office at 9 and there were 2 other candidates there. 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. The other ~20% come from employee referrals (18%) and application online (2%). The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. Consulting Firm: NERA Economic Consulting first round full time job interview. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. So, propose an area and provide a reason for why you want to start with that area. 8. Looking for case interview practice partners? Health Sciences Consulting. Regulatory Cases: These cases include topics such as auctions and regulatory economics. While MBBs main focus is strategy, economic consulting firms like NERAs focus is on economics first and strategy second. 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. If you add 200 meters to the length of the rope, you get another circle, still centered Read the rest. How Much to Bid for Rights to Broadcast 2022 Winter Olympics, Gold Mining Company to Mitigate Risk of Political Protests, Country Music Star to Perform Back-to-Back Shows. Make sure you can talk alot about all experiences you have working with data. Overall experience. If youre looking to become an economic consultant, youll need to ace your economic consulting case interviews. What is an Economic Consulting Case Interview? 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. 200. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? Contribute to the database and get 1 month free* Full online access! Then, I would practice my presentation at least twice before presenting it to ensure I am comfortable with the content and delivery. 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. Energy Consulting. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The second interview was superday style with 4 back to back interviews. Social: Company Overview; All Interviews (20) All Salaries (45) All Reviews (19 . Gold mining is the resource extraction of gold by mining. Economic Consulting. Cookies Notice | 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). Why economic consulting? NERA highlights 5 core values on their website. It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. Once you have identified the major issues or areas that you need to explore, walk the interviewer through your framework. I did an in-person first interview at the school, then a final round on-site. 3. BCG Platinion Are there any questions you want to ask me?You need to log in to access the rest of the page. What are your selling points? 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.