Nera Economic Consulting Reviews

Updated June 30, 2015
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2.9
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Recommend to a friend
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Lawrence Wu
8 Ratings

Pros
  • Good work life balance (except in New York Antitrust from what I've heard) (in 9 reviews)

  • Smart people, good pay, interesting projects (in 8 reviews)

Cons
  • This obviously results in poor work-life balance (in 6 reviews)

  • Communicating with senior management was like speaking to a pretentious brick wall (in 4 reviews)

More Pros and Cons

70 Employee Reviews

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  1. Securities and environmental practice at NERA

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nera Economic Consulting

    Recommends
    Disapproves of CEO
    Recommends
    Disapproves of CEO

    Pros

    Some experts at the firm were top notch

    Cons

    expert quality was inconsistent


  2. Nice first job out of college

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst
    Former Employee - Analyst

    I worked at Nera Economic Consulting

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    -See title. Great first job out of college- you get to tackle interesting projects and are given a lot of freedom and responsibilities from seniors. The general research and quantitative skills you develop are highly transferable and lay a great foundation for future jobs.
    -Total nerd culture/firm. Chances are you won't ever work with smarter people. Very intellectually engaging culture, people are very friendly and easygoing, easy to get along with and hands-off. No crazy egos-just a collaborative environment where the best idea wins. Seniors respect your opinions and input and encourage discussion.
    -Relaxed work environment
    -Great placement into graduate school programs, mainly MBAs but lots of PhDs and JDs too. Most NERA researchers end up going to the best schools.

    Cons

    -Hours are unpredictable, but this isn't necessarily specific to the company. Averaged out, the hours actually aren't bad. They're actually pretty good for consulting, it's just sometimes you sit around doing nothing and leave at 5, while other times you're working non-stop until midnight.
    -Total nerd culture/firm. See above. The people may be easy to work for, but there isn't much interest in socializing and it can be tough to find things in common with certain seniors to talk about. People often complain of a lack of office culture. Small talk doesn't really exist so don't expect to become best friends with seniors. Wasn't really an issue for me personally but definitely a thing.
    -Compensation is meh. Probably the biggest issue researchers have with NERA.
    -Low ceiling in terms of career progression. Don't expect to make a career out of this. Ideally, stay for two years and enjoy the experience, but don't stay any longer. Cannot stress this enough.
    -Since the pay isn't great and the career ceiling for researchers is so low, there aren't any benefits to staying after two years besides the comfort and familiarity. You're really not going to learn much more after two years. The longer you stay after that is really to your career's detriment. Go to business school or find another job where you can continue your career growth.

    Advice to Management

    Pay a little more attention to your researchers and play a more active role in their development. They're only going to be there for a few years, but don't let them leave with a bad taste in their mouth. Either that or pay them more. NERA is the top economic consulting firm in the world, not only because of your economists, but also because of your researchers. They're the best and you should pay them like it.


  3. Helpful (1)

    Incredibly smart people to work with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst
    Former Employee - Analyst

    I worked at Nera Economic Consulting full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Everyone carries the highest level of professionalism and integrity. Awesome to work with what you're actually passionate about (hopefully that would be economics..) Analysts are very collaborative and develop a strong sense of camaraderie. Fast-paced environment keeps it interesting and projects are always different so large exposure.

    Cons

    Analysts should stay 2-3 years but should start prepping for MBA/Phd programs/other opportunities in your 2nd year.

    Advice to Management

    Corporate HR should do a better job/be more involved in recruitment at branch offices.


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  5. Don't expect much

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nera Economic Consulting full-time

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Most people are smart and driven. Some interesting projects.

    Cons

    Pay is not competitive. No potential for career growth.

    HR has a deeply instilled culture of deception and a long history of lying to both prospective candidates and current employees about the competitiveness of NERA's compensation and career progression. If you become an employee and do a great job, expect a minimal raise. Ask for more, and expect HR to drag their feet and eventually give a wide array of reasons why they can't.

    Some project directors have complete disregard for the people working with them. In some cases, even clients have complained to me about disrespectful project directors.


  6. Helpful (1)

    Looking for data and analytical experience...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Analyst
    Current Employee - Associate Analyst

    I have been working at Nera Economic Consulting full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    If you are looking for data analysis and economics experience, NERA offers good training and mentorship.

    Cons

    Low compensation does not match with the caliber of work and long working hours.

    Advice to Management

    Increase and/or match the pay to other competing firms.


  7. Helpful (1)

    Senior Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Nera Economic Consulting full-time (More than 3 years)

    Neutral Outlook
    Neutral Outlook

    Pros

    Nice and nerdy work environment, fun colleagues, good place to start your career but don't plan to stay long.

    Cons

    You need to get an advanced degree to become a senior. Working hours could be really unpredictable given the culture of this industry.


  8. Helpful (2)

    Avoid at all costs

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Associate in White Plains, NY
    Current Employee - Research Associate in White Plains, NY

    I have been working at Nera Economic Consulting full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Interesting project work, opportunities to interact with clients, great colleagues at the researcher level

    Cons

    Hours are long and unpredictable while the pay is significantly below market. Office culture is nonexistent and because the researcher level staff is expected to leave after 2-3 years, there is no investment in human capital at that level. Management is terrible and cannot handle any type of constructive feedback on how things are done in the firm. Having a PhD apparently equates to extremely poor managerial and communication skills and a large, fragile ego.

    If you are thinking about joining this firm, think about whether you want to spend your first years in the workforce at a company that does not provide you with any transferable skills, all while you are slaving away to make below market pay.


  9. Helpful (1)

    Experience varies by project/people you work with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Nera Economic Consulting

    Pros

    Seniors are all very smart. Junior staff are mostly smart and hard working with some exceptions.. Very interesting & high profile cases

    Cons

    A lot of seniors have no management skills. Work can be very disorganized & confusing. Long hours & low pay compared to industry standards, depressing culture.


  10. Helpful (1)

    Experience varies greatly, but here's mine

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Analyst in Boston, MA
    Current Employee - Research Analyst in Boston, MA

    I have been working at Nera Economic Consulting full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Pros:
    - Nice office
    - Almost everyone hardworking
    - Pay is better than accountants (haha)
    - work at times can be mindless (guess can be a con)
    - Everyone gets around the same compensation at the pre-MBA level

    Cons

    - exit opportunities are minimal: LEAVE before 2 years, the longer you stay the more confined you are to this industry, which is really difficult in the long run due to the personality types of those in academia.
    - total compensation is around 65k
    -compensation in comparison for the hours you work is definitely not worth, there are better opportunities in other industries that pay you way more (F500, management consulting etcc)
    - often times your clients did something illegal and you're just trying to defend them, so morally its kinda eh,

    Advice to Management

    - be honest about the hours you work
    - stop pretending to be management consultants when you recruit
    - be honest about compensation and raises
    - learn how to manage better, academia is completely different from industry


  11. Helpful (1)

    NERA

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in New York, NY
    Current Employee - Consultant in New York, NY

    I have been working at Nera Economic Consulting

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Interesting projects that are always changing
    Very smart and dedicated people
    All most all work is done in teams and with great collaboration

    Cons

    Have to work long hours when there is a project deadline approaching
    Professional development at the senior level is very hard

    Advice to Management

    Support consultants in developing their own business and in their professional development.



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