From Senior Analyst, in order to get promoted you will typically be sent back to school to get an MBA. It was impressive to see all the support from the professional staff (HR, IT, front desk) who worked to make this all-day event run smoothly (scheduling, video conferencing, office transitions). The firm provides economic advice, analysis, expert testimony, and regulatory insight for global clients throughout North America, Latin America, Europe, and the Asia-Pacific region. I interviewed at NERA Economic Consulting (Washington, DC) in Oct 2017. . How did you approach the situation? I find it fascinating that a single change in policy can have such a large impact on the economy as a whole. The career path of NERA is not too different to that of other major consulting firms. It was important for me to know my resume inside and out. We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. Industry Coverage: mass media & communications; sports, leisure & recreation. NERA Economic Consulting Associate Analyst Salaries in Godalming NERA (National Economic Research Associates), Inc. was founded in 1961 by two leading economists, Dr. Irwin Stelzer and Dr. Jules Joskow with the vision of establishing the first economic consulting firm. Discussion related to relevant sector for internship but didn't require specialist knowledge. 06 December 2021 If youre interviewing with NERA Economic Consulting, youre in luck. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. Add your data to unlock Full WSO Database. NERA has one president, currently Dr. Lawrence Wu, one chairman, currently Dr. Andrew Carron, and ~40 senior vice presidents/directors, ~40 vice presidents/associate directors, and ~50 senior consultants/principals. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. 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. Tie this one to the prior core value NERA is focused on having the most comprehensive base of economic expertise in the industry. 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. 2. NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. Use examples from your experience to explain the value of economic forecasting and how it helps businesses make important financial decisions. According to LinkedIn Steven Failla started working on 2019, then the employee has changed 2 companies and 2 jobs. Consulting Firm: NERA Economic Consulting first round full time job interview. I received an offer a few weeks later. A case on what is the size of the domestic market for cell phones. They asked me to draw graphs and to show them to the camera. This helped them decide whether or not to open the new store.. How would you analyze allegations of discriminatory lending practices? Analytical problem solving: Can you read and interpret data well? Okay, innovation here isnt quite what Silicon Valley would call innovation its not actually anything new. On average, Steven Failla works for one company for 2 years 2 months. How this process will start depends on whether the case interview is candidate-led or interviewer-led. 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. Bain & Company Looking for case interview practice partners? Then we all went to lunch from noon-1 with 2 other employees. You may want to summarize the case background information back to the interviewer to confirm your understanding of the case. No case studies. I interviewed at NERA Economic Consulting. He specializes in directing and presenting financial and economic analyses in internal investigations, government and regulatory enforcement actions, class actions, and M&A litigation. Please. Dr. Taylor specializes in competition and regulatory economics and has deep expertise in energy and telecommunications. Although NERA is concentrated on the East Coast of the U.S., NERA reviews the global economic landscape. super day, on site, five one-on-one interviews. It had various complications, such as the region, types of doctors/patients, timeframe of the ads, and etc. Interview. 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. In this first round interview all of the questions were behavioral. If you dont have direct experience, you can explain how your research skills helped you complete a project in the past. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? I interviewed at NERA Economic Consulting. 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. Nothing was particularly difficult. Thanks in advance. Read their conclusions here: In the January 2023 issue of the ABA Economics Committee Newsletter, Dr. Ildik Magyari assesses the main antitrust concerns that vertical mergers can raise and the possible solutions which can combat this. Nothing too hard, but they never got back to me with a reply. 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. I also use data analysis software to help me collect relevant information from various sources. I applied online. As NERA grew, however, the industries they worked with started to include major utility and telecommunications companies like AT&T. Contribute to the database and get 1 month free* Full online access! 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. 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.. Make sure you can talk alot about all experiences you have working with data. 201. Please Log in or Register now.Subscriptionsstart at only $7/month. The first round consisted of two 30 min back to back interviews with Consultant and Senior Analyst. The technical interviews will . About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . How would you analyze allegations of discriminatory lending practices? Associate Directors Dr. Bruno Soria and Adrien Cervera-Jackson analyzed the impact of subscription video-on-demand (SVOD) on European audiovisual markets. Industry Coverage: None Number of Questions: 207. 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. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. On Fishbowl, you can share insights and advice anonymously with NERA Economic Consulting employees and get real answers from people on the inside. spread-sheet, case study, behavior questions. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. I was a lateral hire. Most questions were behavioral, but I was also asked to explain my interest in economic consulting and the economics discipline. Your commitment to these values is evident in your hiring practices, employee resource groups and training programs.. This question is a way for the interviewer to assess your math skills and how you feel about them. That means: motivation, clearly defined research question, methodology, problems and solutions, results. partner interview, Anonymous Interview Candidate in New York, NY, I applied through college or university. For me it was because I used a cool dataset for my research. You should be able to solve your economic cases without having to rely on outside knowledge. NERA Economic Consulting Be the first to find this interview helpful. NERA is by all means a boutique consulting firm with a focus on litigation and compliance, and unlike MBB firms where ex-consultants usually move on to CEO, COO, and other leading positions in Fortune 100 companies, NERA consultants develop a much more narrow skill set more suited for internal corporate analysis, financial advisory work or legal jobs. Brief application asking to submit cover letter/resume, followed by an interview that is mostly behavioral. Any insight much appreciated. When brainstorming a list of ideas, develop a structure to help you neatly categorize all of your ideas. In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. As you can see, compared to traditional case interviews, economic consulting cases may require more specialized knowledge of economics, finance, or law. They are looking for candidates with a strong quantitative background. This question is a great way to learn more about the candidates personality and how they interact with others. Analysis Group I interviewed at NERA Economic Consulting. Interview Type: Behavioral and Fit Interviews. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. See the diagram below for a clear structure of how the Marsh . 9. Continue Reading In my last role, I worked with a client who was having trouble finding qualified employees for their factory. 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. Based on 776 salaries posted anonymously by NERA Economic Consulting Corporate Web Specialist employees in Newquay. 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. Dont be afraid to ask clarifying questions if you do not understand something. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Anonymous interview candidate in New York City, Anonymous interview candidate in New York, Anonymous interview candidate in Washington DC, Anonymous interview candidate in Providence, 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats.
