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. In this article, well cover: Economic consulting is a specialized type of consulting that serves governments and organizations to help solve problems and disputes in economics, business, and law. Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. Continue Reading From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. I think they answered truthfully or to the best of their knowledge. 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. A significant amount of NERAs recruits (we estimate 80%+) come from the firms campaigns at standard target schools (see below for list of target schools). And they all knew my name, which was pleasantly surprising. These firms include: While economic consulting interviews may seem intimidating and challenging, know that they can be mastered by learning the right strategies and getting enough practice. Q: Tell me about yourself. A case on what is the size of the domestic market for cell phones. 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. For example, you may be asked to calculate a certain profitability or financial metric. Behavioral questions such as what is your favorite course? Its important to be honest in your answer, but try not to make it too political or controversial. 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. What interests you about working with clients? The process took 6 weeks. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. Example: I am highly organized, which allows me to complete my projects on time. 203. 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. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. 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. 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. Interviewed for one hour. This is a little bit silly. 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. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. Free interview details posted anonymously by NERA Economic Consulting interview candidates. What analysis, what program skills you know. This question is an opportunity to show your passion for the field of economics. The interviewer asked me to introduce myself and then asked about my research paper. Please calculate: 46 + 54 = ? Defense Consulting. See the diagram below for a clear structure of how the Marsh . This makes sense to us in a smaller firm (only 500 people vs. the 3000+ at MBB), you dont always need to rely on standardized practices the hypothesis is that good people can identify other good people. Both interviews were online (on zoom) with two consultants. They also asked about the motivation for working in economic consulting. I applied through college or university. 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 also use data analysis software to help me collect relevant information from various sources. The case interview for economic consulting is similar to that for management consulting . I applied through college or university. Be the first to find this interview helpful. I got a phone call with an offer 2 days later with a 2 weeks deadline to answer. Do you have experience conducting research? 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. For example, it might study how consumers make purchasing decisions in one industry. Example: I graduated from Boston University with a bachelors degree in economics. What are your thoughts on the current state of the economy? NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. 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. BCG Platinion I did an in-person first interview at the school, then a final round on-site. Contribute to the database and get 1 month free* Full online access! In my case, I did not have a case and the interview was largely made up of questions regarding my past experiences and skills. Of course, that is a very broad generalization because, as well talk about soon, NERA has 30+ practice areas ranging from bankruptcy to statistical sampling and analysis. Interview Questions. This question can help the interviewer understand how you approach challenges and use your critical thinking skills to solve problems. Example: Im motivated by helping others succeed. How High Above Ground Would New Rope Sit? one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. NERAs interview process is very different to the process at the MBB firms after all, the focus is less on your ability to solve problems and more on your ability to manipulate data. 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. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. The firm initially consisted of 17 employees and the 2 founders. 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). Does this vary by practice area? Half an hour of an HR interview and two case studies. The 6 Steps to Solve Any Economic Consulting Case Interview, Economic Consulting Case Interview Examples, Resources to Prepare for Economic Consulting Cases, Determining the exact extent of revenue losses caused by a competitors intellectual property theft of a clients proprietary technology, Preparing a testimony on behalf of a client to fight litigation against shareholders who are suing the company for neglecting their fiduciary responsibility to keep shareholders appraised of significant changes in business, Determining how a client should respond to expected political instability in the future. 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 partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. They are looking for candidates with a strong quantitative background. Can you conduct the right analyses to draw the right conclusions? Consulting Firm: NERA Economic Consulting first round full time job interview. They want to know if you have any experience working with clients like theirs, or if youre familiar with their companys industry. Case Type: investment. Finally, during the interview process, NERA Economic Consulting commonly administers a behavioral test to see how well you would fit on your team. I am especially interested in working here because of the firms commitment to diversity and inclusion. The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. 206. The key to solving quantitative problems is to lay out a structure or approach upfront with the interviewer before doing any math calculations. spread-sheet, case study, behavior questions. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. 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. Interview process at NERA Economic Consulting. 9. I interviewed at NERA Economic Consulting Interview 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 On a scale of 1-10 where 1 is Easy and 10 is Difficult, rating is 5. Student. Any insight much appreciated. 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. 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. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. Not answering the right business question is the quickest way to fail a case interview. 5. Its boring. This is because lowering taxes incentivizes businesses to invest more money back into their companies, which leads to increased productivity.. The firms are hip and cool, and people are valued for contributions not positions. 2nd round had 3 case studies, behavioral and technical questions. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. I got to their office at 9 and there were 2 other candidates there. The career path of NERA is not too different to that of other major consulting firms. The exception at NERA are clients who testify as expert witnesses they are the ultimate kings but behind the scenes, if you do good work, youll get promoted early or will receive accelerated responsibility. Kid Country, is the purveyor of an increasingly unpopular form of hybrid rap/rock/country music. Read more: NERA Economic Consulting is pleased to sponsor the Womens White Collar Defense Association. I interviewed at NERA Economic Consulting (New York, NY). 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. Discover Best Places to work in India. 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. Don't ask about paid leave and travel at the interview.. 6. Review your intermediate microeconomics and statistics . There is generally no right or wrong area of your framework to pick first. 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). 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. Looking for case interview practice partners? HR asked some motivational questions, such as why applying for NERA, and why specific practice. Economic consultants typically have expertise in a specific area of economics, such as microeconomics or econometrics, and use this knowledge to advise clients on issues such as pricing, regulation, and . In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. On a scale of 1-10 how important is math to you? Litigation Cases: These cases include topics such as antitrust and competition, class action lawsuits, commercial litigation, intellectual property, international arbitration, labor and employment, mass torts and product liability, and securities and finance.