Economics graduates with good analytic and communication skills find employment with consulting firms. Firms specializing in IT consulting or e-business may require technical skills and experience. 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. 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. Economic Consultant Career *A job as an Economic Consultant falls under the broader career category of Economists. Top candidates will also have previous experience in the business world (consulting internships are impressive but not required) as well as extracurricular achievement. 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. This interview allows candidates to demonstrate analytical and problem-solving skills, along with interpersonal skills and confidence levels. View all jobs in Economics. 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. Join us, and you join a team where peers and leaders become mentors and friends. Economic Consulting jobs. 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. This part of the interview process allows a candidate to demonstrate important characteristics and traits such as leadership, innovation, and creativity. The information on this page will generally apply to all careers in this category but may not specifically apply to this career title. Economics Consulting jobs. 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. 2005 description of the field by Martha Samuelson, President of Analysis Group. Consultant, Analytics Consultant, Program Manager and more! Each firm will have its own process but will likely include these types of interviews. Many firms that provide economic consulting services hire large teams of consultants to handle various aspects of cases. Also, it was important that I checked in with my managers on each project. Sign up to our virtual events. 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 consulting industry generally has expanded in the past few decades. Page 1 of 58 jobs. Working in Economics Consulting as a Graduate. Firms also look for people who know how to use statistical packages like SAS or STATA. New economic development consultant careers are added daily on SimplyHired.com. 5,772 Economic Consultant jobs available on Indeed.com. Economic consulting has grown especially as complex litigation raising topics that interest economists has mushroomed. An entry-level employee in a consulting firm is often referred to as an analyst or associate (this language will depend upon the firm). Apply to Consultant, Program Associate, Sustainability Consultant and more! Organizations across many industries use economic analysis and quantitative methods to study and forecast business, sales, and other market trends. 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. 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. 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. Economic consulting A stepping stone to an economics career. The first, known as a “fit” interview, is generally a discussion of a candidate’s background and experience. 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. The managers tended to be people with graduate degrees in economics, or in some cases a Master in Business Administration (MBA). Sort by: relevance - date. Still, even with the hours, I enjoyed the work. Many of the new jobs for these workers are expected to be in firms that specialize in research and consulting services. Many similar situations requiring sophisticated analysis have arisen as a result of these new forces in the private and regulatory litigation arenas. An extraordinary experience. After graduating from college with a bachelor’s degree, a new employee is typically hired as an analyst or associate. Many companies offer summer internships or summer analyst or associate programs, and a successful internship often leads to a job offer. 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. After graduating from college with a bachelor’s degree, a new employee is typically hired as an analyst or associate. 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. 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. Welcome to the FTI Consulting Careers site. 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. 34 Economic Consultant jobs available on Indeed.com, updated hourly. Page 1 of 284 jobs. 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. While many businesses sell products or services, consulting firms primarily sell knowledge. Economic Consultant, Senior Consultant, Communications Consultant and more on Indeed.com The low-stress way to find your next economic development consultant job opportunity is on SimplyHired. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. Therefore, the career track in economic consulting is often clearly laid out. Many consulting firms have an “up or out” organization, where each employee must achieve a certain rank within a certain period of time. 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 may be compensated by these employers, helping keep Indeed free for jobseekers. Apply to Economic Consultant, Tutor, Healthcare Consultant and more! 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. McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, Charles Rivers Associates, Mathematica Policy Research, and NERA Economic Consulting are examples. 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. Business economists are also actively hired by the financial service industry, investment banks, commercial banks, and hedge funds. Economic consulting firms are hired to consult on a case or dispute. Each firm supports and offers experts to testify in litigation matters related to economics and finance. As an analyst I usually worked on two to three projects at a time, so time management was key. 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. 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. عربي. 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 --. Beyond a job. Besides outstanding academic records, firms want people who can solve problems, think creatively, communicate well, and who understand and are interested in business. Usually the dispute is settled before going to trial, but if the case goes to trial, the expert may testify. 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. Indeed may be compensated by these employers, helping keep Indeed free for job seekers. Economic Consultant Job Description. Jobs by Category O. Sort by: relevance - date. ECS employees are not members of the Washington, D.C. Bar. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. 7,492 Economic Consulting jobs available on Indeed.com. Deloitte provides specialist economic advice tailored to the needs of organizations in the public sector, private sector, government, and regulatory space. 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. ISBN 978-0-674-64342-0. In practical terms, that means economic consulting firms produce research, analysis, and testimony to be used in court cases. The task of these experts is to quantify the impact of market timing on long-term mutual fund shareholders and distribute appropriate restitution. Economic Consulting Firm jobs now available. Plus, once I was promoted to Senior Consultant I had the opportunity to manage other consultants. We're enthusiastic problem solvers who tackle complex economic issues and deliver compelling answers. Economic Consultant Economic consultants use analytical and research skills to carry out studies regarding economic scenarios. 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. If you are interested, submit your resume to careers@economic-consulting.com and place the words “ECS Careers” in the subject line. I would work with them to determine what types of analyses to do and then start doing it. 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 … Jobs. It was interesting, it challenged my thinking, and it paid well. Page 1 of 566 jobs. Summer Consultant Internship. Harvard University Press. 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. 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. Going into my senior year, I didn’t know much about economic consulting. Entry-level employees are typically hired after completing a four-year bachelor’s degree and are hired for their analytical, research, and communications skills. They might work for organizations in a variety of industries, including business, finance, healthcare, education, the government, and more. The economic consultants at PwC provide advice in areas such as: competition economics, financial economics, market design and regulation, behavioural economics, econometric modelling and more. 1. ECS is an economic consulting firm and does not offer legal services. Larger firms recruit in the early fall and smaller firms may recruit in the later fall. 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. 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. Browse 9 open jobs and land a remote Economic Analysis job today. 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. A few times I even had to work until 4am! Displayed here are Job Ads that match your query. careers ECS is always looking for talented, qualified professionals with expertise and training in our practice areas of international trade, tax and transfer pricing, and valuation. Economics Jobs in Dubai - Search 132 Economics Vacancies in Dubai in top companies in UAE, Qatar, Oman & Bahrain. 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. Foundations of Organizational Strategy. At Oxford Economics, we seek top talent to join our successful teams of innovators, economists, business and thought leaders. 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. Networking may play a huge role in obtaining an internship and, later, a job, as hiring can be very competitive. Find out more about Economic consulting graduate jobs at PwC. 3,823 economic development consultant jobs available. #2: FTI Consulting – Economic & Financial Consulting . What is economic consulting? Displayed here are Job Ads that match your query. 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. Many informatics companies need healthcare analytics specialists … To give you an example, imagine there were two companies in the same industry that want to merge with each other. I would arrive at work around 8:30 am and leave sometime between 6 pm or as late as 11 pm. Large consulting firms cover different fields of consulting, including management consulting, human resources consulting, marketing consulting, technology consulting, and economic consulting. 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. Top management consulting firms usually hold two to three rounds of interviews. Failing to do so, they must leave the organization. To gain a graduate position in economic consultancy, it’s certainly an advantage if you have relevant experience or have completed an internship. Working on so many projects and doing so many different things meant that I usually had very long days in the office. It was hard to grasp how each of the different practice areas I’d heard about could be applied to economics. 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