Nera Economic Consulting Reviews in New York City, NY | Glassdoor

Nera Economic Consulting New York City Reviews

Updated March 14, 2017
41 reviews

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New York City, NY Area

3.4
Star Star Star Star Star
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Lawrence Wu
8 Ratings

41 Employee Reviews

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Pros
  • NERA gives employees excellent work life balance and flexibility (in 15 reviews)

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

Cons
More Pros and Cons

  1. "Winter Securities Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Security Consultant in New York, NY
    Former Intern - Security Consultant in New York, NY
    Recommends
    No opinion of CEO

    I worked at Nera Economic Consulting as an intern (Less than a year)

    Pros

    - It has an academic environment. If you are the type of person who enjoys academic research and quantitative analysis, this is the place for you
    - The New York office is quite chilled
    - The company offers good training, including software skills (VBA, R, etc.), communication skills (e.g. how to deliver a good presentation), and so on
    - Supervisors tend to be flexible and understanding when an analyst decides to leave office. Rumors says that they tend to give solid recommendation letters

    Cons

    - Work gets repetitive after a while. Projects follow almost identical procedure, and analyses are very similar
    - Many projects are law-related. This is not necessarily a con, but if you are only interested in the quants and not the law stuff, it can be really dry

    Advice to Management

    Try to diversify the varieties of projects. Introduce or encourage changes to pre-developed analyses methods.


  2. "Associate Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Analyst in New York, NY
    Current Employee - Associate Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    You generally get to work with highly intelligent people, however stupid always slip through the cracks in the hiring process.

    Cons

    Despite being a firm of economists, NERA struggles to fully understand incentives. As a result. Its ability to procure and retail top talent leaves much to be desired.

    Advice to Management

    Don't let HR push you around and start rating and paying your researchers how you think they should be rated and paid. You are "the powers that be" so quit using that as an excuse for not doing something about what you think is right.


  3. "Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good exposure to technical training in Bloomberg, Factset, and Excel
    Sufficient compensation

    Cons

    No team environment, the work is very individual
    Lack of recruiting


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  5. "Research Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Associate in New York, NY
    Current Employee - Research Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    If you want zero percent travel

    Cons

    Some groups to avoid. Huge difference between groups


  6. "Variant"

    Star Star Star Star Star
    Current Employee - Associate Analyst in White Plains, NY
    Current Employee - Associate Analyst in White Plains, NY

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

    Pros

    Collegial environment, chance to do analytic work, many opportunities for learning

    Cons

    Unpredictability of hours, management not invested in improving


  7. "Associate Analyst - New York City"

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

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

    Pros

    -You will be expected to produce high quality output and work with smart people.
    -Everyone will push to help you learn and succeed.
    -The name carries weight and will open the door to many exit opportunities.
    -Wonderful academic culture and people.

    Cons

    -The workload varies by group, but in some groups 70 hour weeks are not uncommon and the workload is often unpredictable.
    -It's a year before you're valued at all by the senior staff.

    Advice to Management

    Improve the work/life balance in order to retain top talent. More structured staffing during a researchers first year to ensure exposure to a variety of analyses.


  8. Helpful (1)

    "Interesting work, smart people"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in New York, NY
    Current Employee - Senior Analyst in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Nera Economic Consulting (More than 5 years)

    Pros

    Work is very engaging, best is opportunity to work with really smart researchers, very motivated by interest in economics and finance.

    If you like to build programming skills - apply for antitrust, you get 8 weeks of training in SAS!

    If you like to analyze financial transactions, stock portfolios and damages in securities class actions - look at securities and finance practice.

    Cons

    Hours can vary by group and by practice. Antitrust work on average one extra day per week overall.

    Advice to Management

    Have better sense of what research staff thinks. Ask questions of research staff beyond the regular research projects.


  9. Helpful (2)

    "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in White Plains, NY
    Former Employee - Executive Assistant in White Plains, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Nera Economic Consulting full-time (More than 10 years)

    Pros

    Friendly, professional, great environment. Employee turn around is very low as everyone loves there jobs and don't want to leave. Great benefits.

    Cons

    There really are no cons. From an admins point of view it's had to be able to work from home as most things we do you need to be in the office for


  10. "Working at NERA"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Smart people, really smart people on interesting work. Most were introverted and hard time building relationships with colleagues.

    Cons

    Very poor work/life balance. Made to feel that NERA owns you while you work there.

    Advice to Management

    Be more considerate that employees need balance. Add more fun and cross practice collaboration to the work atmosphere.


  11. "Interesting, but somewhat niche experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Associate in White Plains, NY
    Former Employee - Research Associate in White Plains, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Smart, interesting co-workers.
    Reasonable work/life balance in most groups (but not all)
    Great experience if you want to pursue academic career in economics
    Relatively relaxed and informal atmosphere

    Cons

    Like most entry level jobs, work can be a bit monotonous.
    If you are stuck on the wrong cases, you won't necessarily learn much (except how to push numbers around in Excel).
    Work has somewhat limited applicability if you want to move into another career field

    Advice to Management

    Provide more skills training to junior employees and more management training to managers. Company would benefit from greater professionalization of processes rather than letting each group figure things out on their own.


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