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 Consultant, Senior Consultant, Communications Consultant and more on Indeed.com Join us, and you join a team where peers and leaders become mentors and friends. As you can see from the merger example, the types of issues an economic consulting firm deals with can be very broad in scope and require a lot of research to determine the impact of a transaction, whether it already happened or is pending. At Oxford Economics, we seek top talent to join our successful teams of innovators, economists, business and thought leaders. 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. 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. Top management consulting firms usually hold two to three rounds of interviews. New economic development consultant careers are added daily on SimplyHired.com. 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. 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. 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. Displayed here are Job Ads that match your query. An extraordinary experience. Many of the new jobs for these workers are expected to be in firms that specialize in research and consulting services. Many firms that provide economic consulting services hire large teams of consultants to handle various aspects of cases. 3,823 economic development consultant jobs available. 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. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. 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. 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. I would arrive at work around 8:30 am and leave sometime between 6 pm or as late as 11 pm. To figure out if the merger would result in a monopoly my firm would conduct a number of analyses to figure out if there would be alternative options available to the public if the merger occurred, among other research. 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. The first, known as a “fit” interview, is generally a discussion of a candidate’s background and experience. Economics Consulting jobs. Economic Consultant Economic consultants use analytical and research skills to carry out studies regarding economic scenarios. Economic consulting majors have been hired by consulting firms such as McKinsey, Boston Consulting Group, Bain, Huron, Accenture, Navigant, and Protiviti. 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 … Healthcare analytics specialist. 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. Economic Consulting jobs. Economic consulting firms are hired to consult on a case or dispute. Economic consulting is mostly a type of paralegal work. 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. Michael C. Jensen (1998). Working on so many projects and doing so many different things meant that I usually had very long days in the office. 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. 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. Harvard University Press. Many consulting firms have an “up or out” organization, where each employee must achieve a certain rank within a certain period of time. 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. 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 consulting A stepping stone to an economics career. Sort by: relevance - date. To give you an example, imagine there were two companies in the same industry that want to merge with each other. Martha Samuelson, President, Analysis Group http://www.analysisgroup.com/uploadedfiles/content/careers/cswep_ms_article.pdf, http://www.ditlproject.com/life-as-an-economic-consultant/, © Copyright by the rector and visitors of the University of Virginia, Careers in Public Affairs and Public Policy, Careers in Think Tanks and Research Institutes, Career Services Information for Employers, https://atuva.student.virginia.edu/Organizations, http://www.vault.com/company-rankings/consulting/best-firms-in-each-practice-area/?sRankID=78, http://www.analysisgroup.com/uploadedfiles/content/careers/cswep_ms_article.pdf, https://www.linkedin.com/groups/40103/profile, https://www.linkedin.com/groups/6744632/profile, https://www.linkedin.com/groups/48465/profile, 2016 Best Consulting Firms for Economic Consulting --. As an analyst I usually worked on two to three projects at a time, so time management was key. Economics graduates with good analytic and communication skills find employment with consulting firms. Business economists are also actively hired by the financial service industry, investment banks, commercial banks, and hedge funds. Page 1 of 58 jobs. We're excited that you are exploring employment opportunities with our firm. Therefore, the career track in economic consulting is often clearly laid out. Many informatics companies need healthcare analytics specialists … عربي. 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. Economic Consultant Job Description. 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. Large consulting firms cover different fields of consulting, including management consulting, human resources consulting, marketing consulting, technology consulting, and economic consulting. 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. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. 2005 description of the field by Martha Samuelson, President of Analysis Group. Economics Jobs in Dubai - Search 132 Economics Vacancies in Dubai in top companies in UAE, Qatar, Oman & Bahrain. To gain a graduate position in economic consultancy, it’s certainly an advantage if you have relevant experience or have completed an internship. Networking may play a huge role in obtaining an internship and, later, a job, as hiring can be very competitive. Jobs. Going into my senior year, I didn’t know much about economic consulting. 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. 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. A few times I even had to work until 4am! 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. p. 215. View all jobs in Economics. After graduating from college with a bachelor’s degree, a new employee is typically hired as an analyst or associate. Also, it was important that I checked in with my managers on each project. 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. ECS employees are not members of the Washington, D.C. Bar. Foundations of Organizational Strategy. There are over 3,823 economic development consultant careers waiting for you to apply! Welcome to the FTI Consulting Careers site. Hosted By: NERA Economic Consulting. 1. In the US we try to keep monopolies from forming because then that means the monopolist company can charge whatever price it wants for its goods or services since there is no price competition with other companies. An entry-level employee in a consulting firm is often referred to as an analyst or associate (this language will depend upon the firm). Beyond a job. 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. Still, even with the hours, I enjoyed the work. Each firm will have its own process but will likely include these types of interviews. I would work with them to determine what types of analyses to do and then start doing it. While many businesses sell products or services, consulting firms primarily sell knowledge. We're enthusiastic problem solvers who tackle complex economic issues and deliver compelling answers. Page 1 of 284 jobs. Apply to Consultant, Program Associate, Sustainability Consultant and more! Economic consulting has grown especially as complex litigation raising topics that interest economists has mushroomed. Therefore, the career track in economic consulting is often clearly laid out. 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. This interview allows candidates to demonstrate analytical and problem-solving skills, along with interpersonal skills and confidence levels. 7,492 Economic Consulting jobs available on Indeed.com. Sort by: relevance - date. Consultant, Analytics Consultant, Program Manager and more! Jobs by Category O. The consulting industry generally has expanded in the past few decades. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. Each firm supports and offers experts to testify in litigation matters related to economics and finance. 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. If you are interested, submit your resume to careers@economic-consulting.com and place the words “ECS Careers” in the subject line. 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. Economic Consulting jobs. Top candidates will also have previous experience in the business world (consulting internships are impressive but not required) as well as extracurricular achievement. ISBN 978-0-674-64342-0. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. Usually the dispute is settled before going to trial, but if the case goes to trial, the expert may testify. It was hard to grasp how each of the different practice areas I’d heard about could be applied to economics. 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. Many companies offer summer internships or summer analyst or associate programs, and a successful internship often leads to a job offer. See salaries, compare reviews, easily apply, and get hired. Page 1 of 566 jobs. 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. Economics is the science of business and every day it shapes the world we live in, cutting across the most pressing issues facing businesses, investors, regulators and governments. Displayed here are Job Ads that match your query. Failing to do so, they must leave the organization. Search Jobs My Job Alerts. Firms also look for people who know how to use statistical packages like SAS or STATA. The task of these experts is to quantify the impact of market timing on long-term mutual fund shareholders and distribute appropriate restitution. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. Entry-level employees are typically hired after completing a four-year bachelor’s degree and are hired for their analytical, research, and communications skills. Sort by: relevance - date. #2: FTI Consulting – Economic & Financial Consulting . Summer Consultant Internship. 410 Economic Consultant jobs available on Indeed.com. Organizations across many industries use economic analysis and quantitative methods to study and forecast business, sales, and other market trends. 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. Plus, once I was promoted to Senior Consultant I had the opportunity to manage other consultants. Sign up to our virtual events. Economic Consultant Career *A job as an Economic Consultant falls under the broader career category of Economists. McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, Charles Rivers Associates, Mathematica Policy Research, and NERA Economic Consulting are examples. In economic terms this is known as a monopoly. Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. Sell knowledge and hedge funds important characteristics and traits such as your search terms and activity. So many different things meant that I checked in with my managers each. 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