Nera Economic Consulting

  www.nera.com
  www.nera.com
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Nera Economic Consulting Reviews

Updated September 15, 2014
Updated September 15, 2014
54 Reviews
3.2
54 Reviews
Rating Trends

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Nera Economic Consulting President Andrew Carron
Andrew Carron
27 Ratings

Review Highlights

Pros
  • I learned quickly the importance between work-life balance and having access to the beautiful city of Washington D (in 7 reviews)

  • Good work-life balance and smart people (in 8 reviews)


Cons
  • This obviously results in poor work-life balance (in 4 reviews)

  • lots of grunt work that is not rewarding and does not contribute to employee professional development (in 3 reviews)

More Highlights

Employee Reviews

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  1.  

    satisfied mostly with what i'm doing now

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Nera Economic Consulting

    Pros

    Great work life balance. Intimate relation with seniors.

    Cons

    Day-to-day work is pretty simple. You'll feel bored if you don't like review legal documents.

  2.  

    Awful culture

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

    I have been working at Nera Economic Consulting full-time for less than a year

    Pros

    Some of the work can be interesting at NERA. Most of it however is mindless document review and data entry.

    Cons

    The office culture is completely nonexistent. People are unhappy and seniors are mean to lower level analysts. Seniors in each group treat researchers as slaves and do not care about their input or ideas. The environment is extremely silo'd off and you can get through the entire day without any interaction with another person other than your direct superior. Management is horrendous and does not show any sympathy for researchers as they can spring 15 hour work days on you out of nowhere. Simply put, I met very few people who are truly happy to be at NERA. Competitors have much better work environments.

    Advice to ManagementAdvice

    Consider your people more because there is a reason all of them are leaving to go to other econ firms and even small startups...because the culture at NERA is horrendous.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Smart people, but poor people-skills make the firm unmotivating

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Nera Economic Consulting

    Pros

    Very intelligent, hard-working people. Most members of management have PhDs and know their subject matter inside and out. Their reputation as a firm of experts undoubtedly precedes them.

    Good work life balance (except in New York Antitrust from what I've heard). Most work weeks do not exceed 50 hours. If you're truly interested in your practice area, then the work will also be rewarding.

    Cons

    Before working at NERA, I had little appreciation for the importance of strong management in a research environment. After NERA, I fully realize the negative impacts poor management can have, even when the work environment is academic and research-driven. Communicating with senior management was like speaking to a pretentious brick wall. Unfortunately, a firm run by PhDs is not the best business model. Most of senior management is focused on their research and clients and provide little support to the development of their non-senior team members. As a developing employee, I received no motivation from my senior members.

    Similarly, I felt no motivation from the NERA culture. If asked to describe the NERA culture, I would describe it as nonexistent. The work environment is similar to a library. The only unifying characteristic at NERA is a dedication to providing objective and factual results. You'll have to be purely self-motivated to work at NERA.

    Human resources is a also a nightmare. They attempt to be friendly and bubbly, but come off as non-genuine and distant. I was jerked around and misled for months before hearing any straight answers about my offer.

    Advice to ManagementAdvice

    Connect with your developing employees on a more personal level and develop an actual firm culture. Your reputation will continue to slip if you can't motivate your non-senior employees. Utilize people with stronger management backgrounds to run the firm.

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  5.  

    Great place to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Analyst  in  Washington, DC
    Former Employee - Associate Analyst in Washington, DC

    I worked at Nera Economic Consulting full-time for more than a year

    Pros

    Open door, small teams, lots of professional development

    Cons

    Billing for clients is a drag

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Smart Colleagues

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

    I worked at Nera Economic Consulting full-time for more than a year

    Pros

    Good work-life balance and smart people.

    Cons

    Most senior staff poor at management.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Leave when they tire you out

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

    I have been working at Nera Economic Consulting full-time for more than 3 years

    Pros

    Good learning experience right after college. Relatively good hours when work is not busy. You get exposure to many different industries as you work. Good name within the econ consulting industry, but barely recognizable outside of the niche.

    Cons

    Awful management with no consideration for the analyst. Work gets repetitive and boring after a year. Also, there's no way to advance within NERA unless you have a phd already.

    Advice to ManagementAdvice

    Don't treat the researchers as your slaves. The seniors, especially middle management, need to get serious proper training on how to manage and treat people well. This is not an academic world where you only need to get things done regardless how people feel.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Brief, Tolerable Employment

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

    I have been working at Nera Economic Consulting full-time for less than a year

    Pros

    Intelligent people, decent compensation and occasionally meaningful work

    Cons

    Very much a silo type environment - not a lot of cross pollination of ideas, dry, not entrepreneurial, slow

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    A good place to start right out of college, but leave when you stop learning.

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

    I have been working at Nera Economic Consulting full-time for more than a year

    Pros

    In the first year, you can learn a lot of things that you would never learn in school. Fellow researchers are all intelligent and fun to work with. When projects are not busy, hours are very good.

    Cons

    There's a huge dichotomy between seniors and junior researchers. Senior level management (partners) basically just don't care about any junior staff, and middle managers (consultants and some VPs) have no clue of how to interact with or manage junior staff. Management can get overbearing and even passive aggressive sometimes (very weird...). There's zero room to grow if you are not a phd. It gets very frustrating if you are on a bad project where hours are long and management is horrible. And work gets repetitive and boring after a year.

    Advice to ManagementAdvice

    Don't treat us as machines who just execute your commands and make money for you. We are human beings with emotions. And don't be passive aggressive about things that we didn't do right. Don't wait until performance review to tell us something you don't like about us. Also you should know that one frustrated researcher upset a whole bunch of others.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Associate Analyst

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

    I have been working at Nera Economic Consulting full-time for less than a year

    Pros

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

    Cons

    Don't know yet. time will tell

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Challenging work, quiet work environment - DC Office

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

    I have been working at Nera Economic Consulting full-time for more than 3 years

    Pros

    All my comments are relative to the DC office, as the offices differ greatly in each city:
    - Intellectually challenging and varied work
    - Good pay
    - Everyone in the office is incredibly intelligent and very very nice
    - Regular collaboration between senior and junior staff, minimal hierarchy

    Cons

    - While challenging and varied, the subject matter of the work can be dry and a little boring at times, particularly with litigation related work.
    - I hear that pay at the more junior levels is not as competitive compared to our competitors, but at my level I believe I am well compensated. Also, upward salary potential seems limited until you get to the Senior VP (highest) level where most of your compensation is based on the amount of business you bring in.
    - While everyone is very nice and smart, it is not a very sociable office atmosphere. Not necessarily antisocial, just quiet.

    Recommends
    Positive Outlook
    Disapproves of CEO

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