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 . They might know your approach was right, but they want to make sure you can explain why (kind of like a stress test). 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). 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. The process took 2 weeks. Finally, I would arrive early to the meeting room where the presentation is taking place so I can set up my equipment and get settled.. Free interview details posted anonymously by NERA Economic Consulting interview candidates. The extent to which you are expected to have this knowledge depends on the tenure of the role you are interviewing for. 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. WISU - die Zeitschrift fr Wirtschaftsstudenten. Make sure you use the STAR method. Although NERA is concentrated on the East Coast of the U.S., NERA reviews the global economic landscape. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. 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. NERA Economic Consulting is looking for candidates who have strong analytical skills. I applied through college or university. Finance Cases: These cases include topics such as bankruptcy, consumer protection in financial services, financial institutions and banking, and financial risk management. The phone interview featured relatively straightforward questions and none that I found too tricky. Also, make sure you know your research inside out. Looking for case interview practice partners? Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Be transparent, show genuine interest in the interviewer, be uniquely yourself (but not weird), and most importantly, dont let the laid back atmosphere be an excuse to let your guard down too much. One of them was resume based, and others tested on how fast the candidate could respond to real-world economic problems. McKinsey & Company Read more: We are excited to announce Dr. Soren Tang Sorensen has been promoted to Director. The final round consists of a series of interviews and a job market paper presentation. Overall experience. 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). KPMG. You have many competing demands and will not be able to achieve them all in one day, however all the deadlines are for today. 207. Here are a number of groups you could participate in while working at NERA Economic Consulting. They have a wide variety of practice areas including Antitrust and Competition, and Energy, Environment, Communications and Infrastructure. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. When expanded it provides a list of search options that will switch the search inputs to match the current selection. A pet shop retailer wants to open a new 400m2 shop. 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. The construction costs $1B, but your client would . 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. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. 2. Turner Construction Evaluates Interstate Highway Project. The whole process is not really intimidating but the feedback is quite slow. The number you see in the middle of the doughnut pie chart is the simple average of these scores. 8 NERA Economic Consulting Analyst interview questions and 8 interview reviews. The process took 3 weeks. The interview process was through my school. 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. Free interview details posted anonymously by NERA Economic Consulting interview candidates. Average salary for NERA Economic Consulting Corporate Web Specialist in Seaham: 56,119. Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. The other hard thing to prepare was various ways to code into STATA or R specific econometric models. This is a little bit silly. Add your data to unlock Full WSO Database. Student. The interview lasted about 30 min with one consultant. All Rights Reserved. Because there is minimal client exposure at junior levels for NERA, you can expect again a more relaxed workplace. How is economic consulting (e.g., NERA, FTI) work different from Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay: 56,119. As for cases, ~50% of candidates last year did not having any case questions come up in the interview at all. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? Example: My previous manager would say that my greatest strength is my ability to remain calm under pressure. This question is an opportunity to show your passion for the field of economics. In their recent article, Dr. Verena Hahn, Dr. Yves Herv, Dr. Jens Rubart, and Dr. Salem Saljanin showcase how the Shapley value concept can be utilized for multinational corporations profit allocation. They would interview you and let you choose which office you want to work) NERA Economic Consulting Interview Questions in London I had 6 back to back 30-minute behavioral interviews with folks from the Antitrust & Competition and IP practices, probably explained my data project 4-5 times. Analytical problem solving: Can you read and interpret data well? Opens the Fishbowl by Glassdoor site in a new window. 3. Interview Questions. Please calculate: 46 + 54 = ? Economic consulting cases typically have some quantitative aspect to them. 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). Two were with Directors and were case studies about stock price changes. 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. I had to explain how I would have ran the regression in my program of choice. Example: I learned recently that there is a new way to measure inflation called chained CPI. The other two were behavioral and with younger staff/analysts. Copyright Hacking the Case Interview 2023. Discover Best Places to work in India. All online. However, I am confident in my ability to work with larger datasets if needed. NERA helps companies predict likely lawsuits and litigation, which anyone would think valuable but it doesnt make them the darling of the advisory industry, especially when analysis or research predicts bad news. Why should we not hire you? Reviews Does this vary by practice area? In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. Preferred locations; Seattle, Cali, DC, Toronto. How did you approach the situation? NERA Economic Consulting benefits and perks, including insurance benefits, retirement benefits, and vacation policy. spread-sheet, case study, behavior questions. Social: Company Overview; All Interviews (20) All Salaries (45) All Reviews (19 . You had experience in, how do you think NERA will benefit from these experiences? Do you have experience conducting research? They asked me to draw graphs and to show them to the camera. 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. Its important to be honest in your answer, but try not to make it too political or controversial. Senior Consultants Janeen McIntosh, Svetlana Starykh, and Edward Flores outline notable securities trends for 2022 in the annual report. The most difficult questions were to explain actual economic concepts to my interviewer. 20 NERA Economic Consulting Interview Questions and Answers 206. NERA Economic Consulting Interview Questions | Wall Street The technical interviews will focus on your economic knowledge and research skills. They are looking for candidates with a strong quantitative background. Benjamin Seggerson's email & phone number - Associate Director Examples of potential business questions you could get asked in an economic consulting case interview include: Economic consulting firms heavily rely on case interviews in their interview process because they can assess a variety of different qualities and traits in just a 20- to 30-minute exercise. Free interview details posted anonymously by NERA Economic Consulting interview candidates. 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. 100+ NERA Economic Consulting Interview Questions & Answers The process took 4 weeks. The HR and the case study consultants were all nice and friendly. 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. You had some unusually varied work experience before you went to business school. 205. NERA Economic Consulting interview details: 217 interview questions and 206 interview reviews posted anonymously by NERA Economic Consulting interview candidates. They were nice and encouraged questions. NERA Economic Consulting Behavioral & Fit Interview Questions It was important for me to know my resume inside and out. 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. Explain to me an economic concept that you find most interesting. Are there any questions you want to ask me?You need to log in to access the rest of the page. NERA Economic Consulting requires its employees to be able to handle large amounts of data and interpret it effectively. No case studies. Industry Coverage: None I applied in-person. - 08 December 2021. That being said, NERA is still a major player in the consulting industry and heres why: NERA Economic Consulting is one of the top, Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. 199. An example of how you overcame a problem, dealing with messy data, etc. NERA Economic Consulting Interview Questions & Answers | Indeed.com I was then invited to a final round at the firm, and I spoke to 5-6 individuals including a lunch. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. Tell us about your educational background. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Integrity is paramount in the legal world; NERA is trusted as an unbiased advisor, and retains its prestige (and book of clients) based on this reputation. 200. They ended up reducing the cost by 15%, saving the company $150,000.. Phone interview consisted of behavioral and fit questions, such as questions about research experience and interests. Your answer should include something that you would like to change about the field of economics, as well as what you think could be done to improve it. It also tests your ability to apply what you know about the field to real-world situations. Then they asked how I would estimate the losses caused by those ads. one with associate analyst, one with director, asked about what I can do if I had a case of infringement etc. Economic consultants provide a third-party perspective on issues such as antitrust concerns (standard and M&A related), anti-competitive action, etc. What is an Economic Consulting Case Interview? Best Economic Consulting Firms - Firsthand A case on what is the size of the domestic market for cell phones. While the interviewer is speaking, make sure that you are taking meticulous notes on the most important pieces of information. Have some insider perspective that youd like to share? If the case interview is a candidate-led case, youll be expected to propose what area of your framework to start investigating. 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.
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