ISBN 978-0-674-64342-0. I would arrive at work around 8:30 am and leave sometime between 6 pm or as late as 11 pm. While many businesses sell products or services, consulting firms primarily sell knowledge. The low-stress way to find your next economic development consultant job opportunity is on SimplyHired. Besides outstanding academic records, firms want people who can solve problems, think creatively, communicate well, and who understand and are interested in business. Search Jobs My Job Alerts. In the second interview, or “case” interview, a candidate will be presented with a business problem and will be given time to provide a strategy and possible solution. Economic Consultant Career *A job as an Economic Consultant falls under the broader career category of Economists. They analyze industry trends to help organizations improve their performance. Failing to do so, they must leave the organization. Economic Consulting Firm jobs now available. The managers tended to be people with graduate degrees in economics, or in some cases a Master in Business Administration (MBA). Generally the formal requirements for an entry-level position are a bachelor’s degree, a strong grade point average, knowledge of economics, and an ability to use Word/Excel. New economic development consultant careers are added daily on SimplyHired.com. Networking may play a huge role in obtaining an internship and, later, a job, as hiring can be very competitive. The larger economic consulting firms tend to offer and support economics and finance experts in the following areas: antitrust; securities; financial institutions and their practices; intellectual property damages; health care; labor; energy and telecommunications; and general commercial damages. I would review the documents the lawyers provided us with from the case, as well as crunch data and create charts and graphs to communicate our findings. Economics graduates with good analytic and communication skills find employment with consulting firms. See salaries, compare reviews, easily apply, and get hired. Sort by: relevance - date. 1. What is economic consulting? Economic Consulting jobs. This brought with it a host of other challenges: managing my consultants’ time and my time, and sometimes accepting that I just couldn’t do it all. Economic consulting has grown especially as complex litigation raising topics that interest economists has mushroomed. As examples of the latter – work that has resulted from regulators and their initiatives – we have supported several Independent Distribution Consultants under joint retention by the SEC, state attorney generals, and independent mutual fund trustees. Welcome to the FTI Consulting Careers site. Sign up to our virtual events. President of Analysis, Group Martha Samuelson, describes its growth: Increased complex class action litigation in areas such as antitrust, as well as increased focus by federal and state regulators on complex business and financial issues have driven industry growth. If you are interested, submit your resume to careers@economic-consulting.com and place the words “ECS Careers” in the subject line. He or she spends two to three years at a consulting firm before returning to school to get an MBA, Ph.D., or law degree, though some firms will promote top analysts directly to the senior associate, or consultant level. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. I helped to conduct some of this analysis in my first role at the firm as a research analyst/consultant. Beyond a job. Careers at Oxford Economics. As a clear example of the former, [Analysis Group has] coordinated the economic analysis for Microsoft in over 140 consumer class actions which followed the Department of Justice litigation with Microsoft. From the associate level (post-MBA or graduate school), an individual can work toward a position as manager, managing director, vice president and partner/principal. After graduating from college with a bachelor’s degree, a new employee is typically hired as an analyst or associate. The consulting industry generally has expanded in the past few decades. An extraordinary experience. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. Economic consulting firms are hired to consult on a case or dispute. In economic terms this is known as a monopoly. Business economists are also actively hired by the financial service industry, investment banks, commercial banks, and hedge funds. 2005 description of the field by Martha Samuelson, President of Analysis Group. Usually the dispute is settled before going to trial, but if the case goes to trial, the expert may testify. Depending on the firm’s specialty, the analyst’s interests and experience, and the client’s need, an economic consulting analyst may be required to conduct research in any of these areas. Practicing case interviews is essential, and a career services mock interview, practice with case studies such as those in Case in Point, and participating in a case competition can help prepare you for the case interview. 3,823 economic development consultant jobs available. Economic consulting A stepping stone to an economics career. Many similar situations requiring sophisticated analysis have arisen as a result of these new forces in the private and regulatory litigation arenas. ECS employees are not members of the Washington, D.C. Bar. We're excited that you are exploring employment opportunities with our firm. 34 Economic Consultant jobs available on Indeed.com, updated hourly. Michael C. Jensen (1998). Apply to Economic Consultant, Tutor, Healthcare Consultant and more! p. 215. 410 Economic Consultant jobs available on Indeed.com. Regardless of the firm size, though, economic consulting is an interesting field and one where you can put your extensive knowledge of economics and economic theory into practice. Here is how Marissa, one economic consultant, describes her work: My firm would be hired by the Department of Justice or the Securities and Exchange Commission (SEC) to develop expert independent opinions for their lawyers on whether or not illegal activity occurred or could occur under a transaction. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. Managing Director Dr. Christine Siegwarth Meyer will speak on antitrust enforcement in times of economic distress, such as the ongoing COVID-19 pandemic, during GCR’s Women in Antitrust conference on 17 November at 9:40 am EST. For more information on case studies, candidates should read: https://www.bateswhite.com/careers-faqs.html, http://www.wallstreetoasis.com/blog/economic-consulting-qa-past-experience-at-major-firms. Jobs. Page 1 of 58 jobs. In these cases, there will generally be one expert (often a faculty member from a university economics department or a business school) who will be supported by a partner at the consulting firm and team of analysts, who assist in conducting the analysis and assist in the preparation of the expert's report. Economic Consulting Although the economy has a major impact on all kinds of organizations, it isn’t always clear what the specific effects will be. See detailed job requirements, compensation, duration, employer history, & apply today. The information on this page will generally apply to all careers in this category but may not specifically apply to this career title. If an analyst chooses not to go to graduate school after two or three years, there may be other opportunities within the firm, but if not, skills developed will be useful in both a public or private sector job search. Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. These cases raise fascinating questions of the importance of network effects and economies of scale in explaining market position and profits, as well as the complex task of determining what but-for software prices would have been, if indeed conduct by Microsoft is proven to have raised price levels. Many informatics companies need healthcare analytics specialists … Organizations across many industries use economic analysis and quantitative methods to study and forecast business, sales, and other market trends. Top management consulting firms usually hold two to three rounds of interviews. Research may consist of collecting raw data from internal sources, such as the client's computers or employees, and from external sources, such as trade associations or government agencies. Healthcare analytics specialist. Join us, and you join a team where peers and leaders become mentors and friends. I would work with them to determine what types of analyses to do and then start doing it. Each firm supports and offers experts to testify in litigation matters related to economics and finance. View all jobs in Economics. Some paid internships are only open to penultimate year students so if you are in first or second year you could also consider work-shadowing … We weren’t just doing this work for the lawyers, but ultimately our analysis would be presented in court so we had to make sure it would make sense to the jury so they can use it when they deliberate. For a full list of organizations at UVA, please see: https://atuva.student.virginia.edu/Organizations, Bates White Economic Consulting Information Session, Introduction to Consulting with Accenture, Bain, and McKinsey, Women’s Networking Reception with Accenture. This may involve assessing the damages when a firm is accused of doing economic harm to another firm, forecasting current and/or future liabilities stemming from an environmental product liability, or determining whether price movements were consistent with an alleged manipulative scheme in a particular market, such as energy. Foundations of Organizational Strategy. At first glance there may seem to be nothing wrong with this plan, but then you have to consider whether the merger would result in an unfair advantage, creating in some sense a “super company” that controls most of the market and can keep out competitors. NERA Economic Consulting understands what many people can’t: economics. We're enthusiastic problem solvers who tackle complex economic issues and deliver compelling answers. Hosted By: NERA Economic Consulting. Webinar ... NERA President Lawrence Wu on Careers at NERA. They might work for organizations in a variety of industries, including business, finance, healthcare, education, the government, and more. An entry-level employee in a consulting firm is often referred to as an analyst or associate (this language will depend upon the firm). Larger firms recruit in the early fall and smaller firms may recruit in the later fall. With projects that could be as short as two months to projects that were years-long, there was definitely a lot to do all the time and that variety is what I enjoyed most about the job. Sort by: relevance - date. As an analyst I usually worked on two to three projects at a time, so time management was key. As a member of our team you will be an integral part of our global growth plans and would join a world class company at the forefront of the industry. Apply to Consultant, Program Associate, Sustainability Consultant and more! Firms also look for people who know how to use statistical packages like SAS or STATA. In economic consulting, (sometimes referred to as forensic and litigation consulting) firms advise corporations and government organizations regarding the intersection of business, economics and law. If a case we were working on was going to trial I then had to work more closely with the trial lawyers too, going over any presentation slides or charts we created with them and writing a report that summarized the findings. Summer internships- Many economic consultancies run programmes in the summer vacation and the deadlines for applying usually come in the early spring – but check employer websites for up-to-date details of closing dates. A career in economic consulting felt like a good fit because most of the work we do at CRA deals with data and research, both quantitative and qualitative. Large consulting firms cover different fields of consulting, including management consulting, human resources consulting, marketing consulting, technology consulting, and economic consulting. Deloitte provides specialist economic advice tailored to the needs of organizations in the public sector, private sector, government, and regulatory space. The first, known as a “fit” interview, is generally a discussion of a candidate’s background and experience. Economic consultants help companies improve their operations and policies in order to increase economic gains by conducting forecasts and generating potential results of various operations. McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, Charles Rivers Associates, Mathematica Policy Research, and NERA Economic Consulting are examples. home  | practice areas | staff | clients | careers | data resources | contact | TPN, (202) 466-7720 | (202) 466-2710 fax | ecs@economic-consulting.com2001 L Street, NW, Suite 1000, Washington D.C. 20036. Economic Consultant, Senior Consultant, Communications Consultant and more on Indeed.com At Oxford Economics, we seek top talent to join our successful teams of innovators, economists, business and thought leaders. Working on so many projects and doing so many different things meant that I usually had very long days in the office. Entry-level employees are typically hired after completing a four-year bachelor’s degree and are hired for their analytical, research, and communications skills. Economic Consulting jobs. Many of the new jobs for these workers are expected to be in firms that specialize in research and consulting services. 7,492 Economic Consulting jobs available on Indeed.com. Harvard University Press. Working in Economics Consulting as a Graduate. To give you an example, imagine there were two companies in the same industry that want to merge with each other. To gain a graduate position in economic consultancy, it’s certainly an advantage if you have relevant experience or have completed an internship. Economic consulting majors have been hired by consulting firms such as McKinsey, Boston Consulting Group, Bain, Huron, Accenture, Navigant, and Protiviti. They usually work as a part of a team focused on solving a client’s problem, and they may research, document, report, and design and build financial and statistical models. After graduating from college with a bachelor’s degree, a new employee is typically hired as an analyst or associate. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. Displayed here are Job Ads that match your query. Many consulting firms have an “up or out” organization, where each employee must achieve a certain rank within a certain period of time. Therefore, the career track in economic consulting is often clearly laid out. Displayed here are job ads that match your query. Many companies offer summer internships or summer analyst or associate programs, and a successful internship often leads to a job offer. Also, it was important that I checked in with my managers on each project. 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