Economic consulting case interviews will also typically have qualitative aspects to them. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. Economic consulting is used less for strategy, and more for litigation or regulatory compliance issues. 10. An example of how you overcame a problem, dealing with messy data, etc. The construction costs $1B, but your client would . A week after I applied online, I received an invitation for a phone interview. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. Candidates interviewing for Research Associate and Analyst rated their interviews as the hardest, whereas interviews for Associate Analyst and Intern roles were rated as the easiest. 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. Yes. and capabilities, Recent Trends in Securities Class Action Litigation: 2022 Full-Year Review, Virtual Example: I would say my biggest weakness as an analyst is not being able to see the big picture when Im focused on a project. The first interview was a 30 min one-on-one interview with one of their analyst. In the February issue of Policy Quarterly, Associate Director Kevin Counsell explores a core principle underlying the Resource Management Act 1991 (RMA): effects-based resource management. If youre looking to become an economic consultant, youll need to ace your economic consulting case interviews. This question is a great way to learn more about the candidates personality and how they interact with others. Please. 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.. I applied through college or university. This question can help interviewers understand your knowledge of how economic forecasts are used in business decisions. I also use data analysis software to help me collect relevant information from various sources. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay, England: [salary]. Health Sciences Consulting. - 08 December 2021. 206. Well, NERA is no MBB. Interview Questions. Opens the Fishbowl by Glassdoor site in a new window. Glassdoor users rated their interview experience at NERA Economic Consulting as 69.0% positive with a difficulty rating score of 2.96 out of 5 (where 5 is the highest level of difficulty). The interviewers were very interested in the candidate's statistical skills. About the Company. They also asked about the motivation for working in economic consulting. Does this vary by practice area? Communication skills: Can you communicate in a clear, concise way? Which area of economics are you most interested in and why? According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. NERA Economic Consulting understands what many people can't: economics. I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. Find contacts: direct phone number, email address, work experience. NERA is pleased to welcome Masatake Kuramoto to our Global Transfer Pricing Practice. The firms are hip and cool, and people are valued for contributions not positions. If you are not as confident in your math skills, its important to highlight other strengths that may make up for any weaknesses. A client has a budget of xx, what would you do with it? Research Associate at NERA Economic Consulting Washington, District of Columbia, United States. Youre the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. 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). how much should they spend on advertising? I love being able to use my skills to find solutions for clients who are facing challenges or need advice on how to improve their business. Please Log in or Register now.Subscriptionsstart at only $7/month. Panelists will dive into settlements, filings, special cases, and what to expect in 2023. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for . Microeconomics materials should be reviewed for the preparation. Case studies and behavioral questions (Why Nera, tell me about your research, etc). Free interview details posted anonymously by NERA Economic Consulting interview candidates. Generally, youll want to follow these six steps. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. Are there any questions you want to ask me?You need to log in to access the rest of the page. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? I applied online. 146 followers . 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. - Organized interview materials for a consulting project NERA Economic Consulting Through more than 20 offices worldwide, the company offers economic research, analysis, and advice to governments, corporations, regulatory agencies, trade associations, law firms, and other organizations. BCG Platinion The interview process at NERA Economic Consulting can vary depending on the position you are applying for. Interviewers ask this question to learn more about your ability to work under pressure and meet deadlines. Interview. 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. Example: I am most interested in economic theory, particularly supply-side economics. Weve compiled a list of some common questions that interviewers at NERA like to ask, along with some sample answers to help you prepare. Super day included two cases with senior managers and 3 behavior interviews with analysts/junior employees on the team. The second interview was superday style with 4 back to back interviews. Mostly behavioral questions with a few technical questions, a lot of the interviewers asked the same questions about my background and research experience. And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. Case Type: pricing & valuation. Using this method allows economists to more accurately predict future inflation rates.. Focus on understanding the context of the situation and the objective of the case. Analytical experience? If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. 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). . Mr. Kuramoto has over 25 years of experience assisting Japanese multinationals with transfer pricing strategy, documentation, APAs, and disputes. Overall, the interview process is relatively long and can take up to two months to complete. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. Describe independent research project that you have worked on, Case studies about regulation of natural monopolies and electricity market design. 2. Interviewing with NERA Economic Consulting? NERA Economic Consulting is a leading economic consultancy with more than 25 offices around the world. Register here: Join Dr. Andrew Stivers on 8 Feb for a webinar exploring how the FTC undertakes the cost-benefit analysis for proposed rules and learn practical tips for drafting rulemaking comments. However, most positions will require at least one behavioral interview and one technical interview. Looking for case interview practice partners? Make sure you use the STAR method. I applied in-person. Discussion related to relevant sector for internship but didn't require specialist knowledge. 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. 2005-2023 Wall Street Oasis. Can you conduct the right analyses to draw the right conclusions? Hi dear fishes, I'm looking for referrals for analyst/associate/econ consultant roles for June 2023 start. The whole process takes about a month and a half. There are some areas where we could improve, such as increasing wages for middle-class workers and decreasing income inequality. Explain to me an economic concept that you find most interesting. Just MAKE SURE you network at such a small firm, a blind resume drop means nothing and an employee recommendation means everything. We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. Use your answer to highlight some of your most important analytical skills and how they benefit your work. I would rate my math skills at a 9 out of 10.. nera economic consulting interview Isgho Votre ducation notre priorit NERAs first clients were in the natural gas industry. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Two were with Directors and were case studies about stock price changes. Contribute to the database and get 1 month free* Full online access! 8 NERA Economic Consulting Internship interview questions and 9 interview reviews. Example: NERA Economic Consulting has a reputation as one of the top economic consulting firms in the world, and Im excited to join such a talented team. They asked me to draw graphs and to show them to the camera. Average salary for NERA Economic Consulting Corporate Web Specialist in Seaham: 56,119. This question is a basic test of your understanding of economics. It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. 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 . You may be asked to brainstorm a list of potential ideas. This method takes into account that when prices for certain goods increase, people will substitute those goods with cheaper alternatives. The company has earned recognition for undertaking large, complex projects, fostering innovation, embracing emerging technologies, and making a Read the rest. Student. Example: I think that the economy is doing well overall. The firm initially consisted of 17 employees and the 2 founders. Gold mining is the resource extraction of gold by mining. Email us! It can also show them that you are able to think critically about your work and challenge others conclusions or ideas. The technical interviews will . Business acumen: Do you have a basic understanding of fundamental business and economics concepts? For example, I worked with a client who was considering opening a new location. They asked me mostly case-based questions on healthcare industry. Be the first to find this interview helpful. 6. NERA Economic Consulting benefits and perks, including insurance benefits, retirement benefits, and vacation policy. Opens the Fishbowl by Glassdoor site in a new window, Tell me about X research project from your resume. The final round was five back-to-back interviews at their New York office. 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. Read more: NERA Economic Consulting is pleased to sponsor the Womens White Collar Defense Association. Also, make sure you know your research inside out. What analysis, what program skills you know. Hi folks, I'm looking for an entry level referral from Analysis Group or NERA Economic Consulting. We seek to recruit Students with quantitative backgrounds, particularly as they align with economics and finance, as well as in related fields such as accounting, statistics, computer science, and other associated disciplines. 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. It also tests your ability to apply what you know about the field to real-world situations. Does this vary by practice area? 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..