NERA Economic Consulting Reviews | Glassdoor

NERA Economic Consulting Reviews

Updated May 15, 2018
122 reviews

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3.9
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Lawrence Wu
31 Ratings

122 Employee Reviews

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Pros
  • Great career starting point with lots of training and learning opportunities; great work-life balance (in 17 reviews)

  • You will be expected to produce high quality output and work with smart people (in 17 reviews)

Cons
  • There is not always a good work-life balance (in 11 reviews)

  • Unhappy work environment, overbearing arrogant management (in 4 reviews)

More Pros and Cons

  1. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Chicago, IL
    Current Employee - Analyst in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great career starting point with lots of training and learning opportunities; great work-life balance

    Cons

    Academic background and degree can be a weighting factor when moving further up


  2. Helpful (1)

    "Bad management, great fellow analysts"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at NERA Economic Consulting full-time

    Pros

    Enjoyed working with other analysts and formed some great friendships with people I met there.

    Got exposure to a lot of different industries and types of projects.

    Cons

    Many managers are brilliant economists but poor at managing projects and other people.

    As economists, management tends to see research staff more as labor inputs and less as able minded contributors. Management also does not express much concern for employees' health or personal interests.

    Management also shows many egocentric and other concerning emotional traits. Management would often bad mouth former employees and competitors and spend hours just talking about themselves. Analysts would often laugh at how clueless management was about their behavior and presence. This contributed to a lot of complaining among analysts and created a somewhat toxic work environment.

    Lastly the industry itself has many ethical landmines because consultants have an incentive to produce reports that align with clients' desired outcomes. For example the environment group in Boston does a lot of work for the coal and oil lobby; so they have an incentive to produce reports concluding that climate change policies destroy jobs, etc.

    Advice to Management

    Talk less about yourselves and take more of an interest in those around you.

  3. Helpful (3)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - Interesting work and meaningful projects.
    - Really nice, helpful, and brilliant colleagues and friendly office atmosphere. Basically you are more or less promoted on a schedule so there's no pressure regarding competing with your colleagues for the same spot.
    - Small company so very little bureaucracy.
    - Good benefits from corporate parent MMC. NERA also offers generous tuition reimbursement.
    - Very fair pay and pay raises.

    Cons

    - Not much of a long term career path for people out of undergrad. There are a few exceptions to people being promoted to senior level positions but it's extremely rare.
    - Work in a very niche field that may be difficult to transfer to another job if you don't plan on going for a PhD.
    - Depending on the team, you might be stuck doing primarily qualitative research and have limited opportunities to develop coding skills.

    Advice to Management

    Quality of work life balance vary significantly team to team. Some teams really overwork and burn out their researchers leading to high turnover and awkward adjustment/training periods for new replacements. The company heads need to step in and stop certain directors from constantly overworking their RAs, just because they are fresh out of school doesn't mean they deserve to constantly work weekends and 60+ hour weeks for long stretches of time.


  4. Helpful (2)

    "Sexist Workplace"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Analyst in New York, NY
    Former Employee - Associate Analyst in New York, NY
    Doesn't Recommend

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

    Pros

    Some good managers, work is okay

    Cons

    Many of the middle managers are extremely sexist, making sexist comments to junior staff (including "women just aren't good at this") and actively stopping female employees from getting promoted. Lots of toxic behavior that is left completely alone.

    NERA Economic Consulting Response

    Mar 21, 2018 – Director of Human Capital

    NERA is deeply committed to a culture of diversity and inclusion that honors the fundamental principles of human dignity, equality, and mutual respect. Employees are urged to address any concerns or... More


  5. Helpful (2)

    "Associate Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Analyst
    Current Employee - Associate Analyst
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Will gain vital skills while making great money. Typically, economists are invested in their staff, with a few exceptions here and there.

    Cons

    After a few years, you might want to do other things. Hardly anybody is born to consult forever.


  6. Helpful (1)

    "Awful handline of sexual harrassment complaint"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Smart colleagues and good training for junior staff.

    Cons

    When I worked at NERA, I was inappropriately touched by a senior colleague. I did go to HR to make a formal complaint, and they emphasized to me the importance of my not discussing it with anyone else at the firm. It seemed that the company's top priority was to keep me quiet. I felt very concerned that I was going to be fired. Nothing seemed to happen to the senior colleague who inappropriately touched me. I spoke with other colleagues and learned that others had also had issues with sexual harassment and sexual misconduct of various types, and company management did not appear to take relevant action in those instances either.

    NERA Economic Consulting Response

    Jan 30, 2018 – Director of Human Capital

    NERA is deeply committed to a culture of diversity and inclusion that honors the fundamental principles of human dignity, equality, and mutual respect. Employees are urged to address any concerns or... More


  7. "Great first job"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    - Attain lots of valuable analytical skills
    - Intelligent cohorts and seniors

    Cons

    - Volatile hours depending on which group for which you work

  8. "a"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Washington, DC
    Current Employee - Analyst in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Interesting tasks, analytical, flexible, good colleagues

    Cons

    sometimes too early deadline and overwork may be required then


  9. "Good overall experience"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    interesting work, helpful group mates

    Cons

    sometimes have lulls in workload
    not a lot of interaction with other interns


  10. "Research Associate"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at NERA Economic Consulting full-time

    Pros

    Challenging work and smart colleagues

    Cons

    Weak exit opps outside of grad school


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