Economic Consulting Prep for Undergrads

Cornerstone The Brattle Group Undergraduate
New answer on Oct 14, 2020
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Anonymous A asked on Oct 13, 2020

Hello,

I am a senior in undergrad with first round in Economic Consulting firm....am only familiar with mgmt consulting firms.

1) What are quick tips

2) What are top 3-4 kind of Cases these firms ask

Thanks a bunch!

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Ian
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replied on Oct 14, 2020
MBB | 100% personal interview success rate (8/8) and 95% candidate success rate | Personalized interview prep

Hi there,

1) A lot of the principals from strategy casing still apply

2) You really need to understand your econ topics. You should expect a lot more technically challenging content (strategy consulting is more "soft" and brainstorm-y, econ consulting is much more "hard" and founded on scientific principals).

Make sure you understand key economic concepts + terms. I.e. Derivatives, Elasticity of Demand/Supply, GDP = CIGX, Nominal vs real (GDP, interest rates, etc),real interest rate formula (incorporating inflation), Unemployment rate/calculation (incl workforce participation), money multiplier, etc. etc.

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Anonymous replied on Oct 13, 2020

Hi! The questions will be a little different from those asked by strategic consultancies, as they might include topics such as regulation, macroeconomics, laws, public policy. You should first of all find out for which area you are being interviewed (or most likely will) and then prepare accordingly. Please contact me if you need further info - I have also a Ph.D. in politics and a BA and MA in Economics. Best of luck!

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Ian

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