Nera Economic Consulting
3.3 of 5 47 reviews
www.nera.com White Plains, NY 150 to 499 Employees

Nera Economic Consulting Reviews in New York City, NY

Updated May 12, 2014
All Employees Current Employees Only

3.1 17 reviews

                             

80% Approve of the CEO

Nera Economic Consulting President Andrew Carron

Andrew Carron

(10 ratings)

57% of employees recommend this company to a friend
17 Employee Reviews Back to all reviews
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    Associate Analyst

    Associate Analyst (Current Employee)
    New York, NY

    ProsJust started my job. So far so good. People are nice. a lot to learn.

    ConsDon't know yet. time will tell

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    Good starting job. Wouldn't stay for more than a year or two

    Research Associate (Current Employee)
    New York, NY

    Prosacademic environment, smart people, opportunity to learn a lot right off the bat, non-senior staff are very friendly and approachable

    ConsWork becomes repetitive after about a year and a half. Not many opportunities for advancement within the company. Work experience varies widely depending on what senior manager's group you are randomly assigned too, and there are very few opportunities to work outside of your senior's group or to switch groups.

    Advice to Senior ManagementNot true of all managers, but some could be more approachable

    Yes, I would recommend this company to a friend

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    Very friendly environment. A lot of intelligent people.

    Intern (Current Employee)
    White Plains, NY

    ProsGreat work life balance. Intellectual stimulation. Great option if you are into economics analysis, especially the combination of qualitative and quantitative analysis. Great exit opportunities.

    ConsVery academia sort of environment, which can be a good thing if you enjoy working in such environment. But if you are someone who can't sit down and run regressions and do some grunt work, this is not for you.

    Advice to Senior ManagementCare more about the career development of the junior researchers.

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    Great company, for the partners, not for the low-level employees

    Intern (Current Employee)
    New York, NY

    ProsKind people, no backstabbing, like to learn

    ConsNo career development, no upward mobility, little transferable skills

    Advice to Senior ManagementRotate your staff.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Great place to learn and be miserable

    Anonymous Employee (Current Employee)
    White Plains, NY

    ProsIntelligent colleagues, interesting work, great stepping stone for career

    ConsUnhappy work environment, overbearing arrogant management

    Advice to Senior ManagementIt's not the quantity, it's the quality of work.

    No, I would not recommend this company to a friend

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    Varied work, good for resume

    Senior Analyst (Former Employee)
    New York, NY

    ProsIndividual projects at NERA can be hit or miss. Some involve truly challenging, interesting, high-profile cases. Others can be redundant document review or programming. But overall, if you stick around long enough you'll be involved in something that will push your skills to the limit. Entry-level jobs are good jumping points for elite business schools and law schools.

    ConsHours can be unpredictable and there is little or no transparency on the criteria used to set raises and promotions. Without a PhD you can't really expect to make a career at NERA.

    Advice to Senior ManagementWorker satisfaction could be improved drastically by planning for project timing better. Long hours and weekend work should not be the status quo when clients set specific timelines.

    Yes, I would recommend this company to a friend

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    I loved my time there.

    Research Associate (Current Employee)
    New York, NY

    ProsGreat environment and great co-workers.

    Consnone besides lengthy hours per week.

    Yes, I would recommend this company to a friend

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    Satisfactory, good learning experience

    Associate Analyst (Current Employee)
    New York, NY

    Prosvery smart people, good work if you are interested in economics/quant.

    Consmonotonous work, very desk-based and limited abilities to work on very different types of projects. Management often does not have respect for work-life balance and bonuses do not sufficiently reflect extra hours put in.

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    • Disapproves of CEO

    4 people found this helpful  

    Worst Experience of My Life - A Truly Terrible Place to Work

    Analyst (Current Employee)
    New York, NY

    ProsJunior staff is fun to work with

    ConsThis place will surely go down the route that LECG went. Senior management have no breadth of work experience. Most have worked at NERA for their entire careers and don't know anything else. THey have no industry experience and are poor project managers. Pay is awful - banking hours without the commensurate pay. Stay away - this is a career pitfall for young ambitious professionals.

    Advice to Senior ManagementSenior management should get some industry experience or hire from competitor firms rather than from within.

    No, I would not recommend this company to a friend

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    5 people found this helpful  

    rigid, dull workplace, no transferable skills acquired

    Analyst (Current Employee)
    New York, NY

    ProsEmployees at all levels at NERA are very hard-working and extremely intelligent. The academic atmosphere in the office is appealing for fresh graduates and there is plenty of room to apply what one has learned at school and learn more.

    ConsThe firm's incentive and performance evaluation policies are opaque. The lack of transparency and red tape is frustrating for hard-working employees who are not rewarded with appropriate financial, promotions and other incentives. The lack of a rotational system where entry-level research associates and interns would be paired with projects in different practice areas for the first 12-24 months creates a very one-dimensional learning space - this type of specialization at such an early career stage hurts research staff as they go on to look for other employment opportunities and graduate school a few years down the line as the set of transferable and marketable skills acquired is extremely minimal. Research staff are paired with one partner who has complete control over their work, performance evaluation, compensation, recommendations and any work-related matters - this is unusual and extremely unfair for those who are "stuck" with exploitative partners and are not given the opportunity to work on projects outside that partner's practice.

    Advice to Senior Management(1) Implement a rotational program for 12-24 months for all entry-level research staff (analysts)
    (2) Implement a transparent performance evaluation system where reviewees are assigned mentors who work with each other to create goals for the evaluation period. Mentors should serve as liaisons between reviewee, reviewers and human resources. There should be 3-month evaluation periods (at least 6-months if not 3) and there should be a clear schedule which determines what scores translate into what kinds of raises, bonuses and promotions.
    (3) There should be advertised opportunities for global deployment.
    (4) There should community service incentives where a certain number of hours of community service per year is eligible for a matching philanthropic contribution by NERA to an organization of the employee's choice and/or compensatory time off etc.
    (5) Employees should be given the option of cashing in on unused paid time-off should it not be permitted to roll over.

    No, I would not recommend this company to a friend

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Nera Economic Consulting – Why Work for Us?

NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For half a century, NERA’s economists have been… Full Overview

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Glassdoor is your free inside look at Nera Economic Consulting reviews and ratings in New York City, NY — including employee satisfaction and approval rating for Nera Economic Consulting CEO Andrew Carron. All 17 reviews posted anonymously by Nera Economic Consulting employees.