nera economic consulting interview
Industry Coverage: mass media & communications; sports, leisure & recreation. It was a typical Hirevue interview not much more that I can actually say to describe it but I have to meet the character minimum. super day, on site, five one-on-one interviews. How would you analyze allegations of discriminatory lending practices? It was important for me to know my resume inside and out. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? NERA Economic Consulting understands what many people can't: economics. Read on for an in-depth look at this smarty-pants boutique firm that serves as a great career launching pad for Economics undergrads and PhDs alike. How is economic consulting (e.g., NERA, FTI) work different from In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. I applied for the Finance and Securities practice. Dr. Arturo Gonzalez Joins NERA as Associate Director >, ISS SCAS & NERA: A Look Back at 2022 and Whats Ahead in 2023 >, Schne neue Verrechnungspreiswelt: Gewinnverteilung anhand anteiliger Value CreationEin Lsungsvorschlag (Teil 1) >. Register here: Join Dr. Andrew Stivers on 8 Feb for a webinar exploring how the FTC undertakes the cost-benefit analysis for proposed rules and learn practical tips for drafting rulemaking comments. There was no case question for me but I heard other candidates have those. NERA Economic Consulting Corporate Web Specialist Salaries in Seaham On 3 Feb Director Fernando Jimnez will discuss recent case law and explore emerging competition issues in Spain and the EU at the IEB Seminar on Recent Developments in EU Competition Law. - 08 December 2021. 2. Contribute to the database and get 1 month free* Full online access! You should be able to solve your economic cases without having to rely on outside knowledge. WISU - Das Wirtschaftsstudium The interview focus is largely dependent on which practice you are interviewing for. Managing Director Dr. Faten Sabry and Associate Director Dr. Ignacio Franceschelli compare how the CFTC, SEC, and the market classify crypto assets as securities or commodities. Ive always been someone who likes to solve problems, so this job is a great fit for me., Common NERA Economic Consulting Interview Questions. This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. NERA Economic Consulting Consultant Securities Interview Questions However, most positions will require at least one behavioral interview and one technical interview. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. The process took 2+ months. Any insight much appreciated. Integrity is paramount in the legal world; NERA is trusted as an unbiased advisor, and retains its prestige (and book of clients) based on this reputation. NERA Economic Consulting They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. When answering this question, try to think of something that youve been trying to improve or work on recently. Does this vary by practice area? This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. Be transparent, show genuine interest in the interviewer, be uniquely yourself (but not weird), and most importantly, dont let the laid back atmosphere be an excuse to let your guard down too much. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. Went through my college, applied and got an online interview. NERA (National Economic Research Associates), Inc. was founded in 1961 by two leading economists, Dr. Irwin Stelzer and Dr. Jules Joskow with the vision of establishing the first economic consulting firm. Interview. I was a lateral hire. These can be areas of your framework that you did not have time to explore or lingering questions that you do not have great answers for. I interviewed at NERA Economic Consulting in May 2021. Also, check glassdoor because it helped me a lot. We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. Est Annual Revenue: $25bn+ Website. first round: phone interview. Its also a chance to demonstrate that youve done some research about NERA Economic Consulting, so be sure to mention something specific about the company or its work. NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. Your answer should show that you have an interest in learning about economics or finance, but it should also highlight any specific skills youve developed recently. Well, NERA is no MBB. We were able to come up with a solution where they could hire more part-time workers to fill positions until they found someone full time.. A case on what is the size of the domestic market for cell phones. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? NERA does most of its (U.S. and Europe) recruiting out of these schools some of them do not match up with core MBB schools (note George Washington University and not Georgetown, for example): If you dont go to one of these target schools, but youre a master in economics (GPA of 3.7+, departmental awards, etc. 8 NERA Economic Consulting Internship interview questions and 9 interview reviews. Benjamin Seggerson's email & phone number - Associate Director And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. This question is an opportunity to show your passion for the field of economics. Give an example of when you had to perform under pressure and meet a deadline. I believe that if we continue to focus on these issues, we will see more sustainable growth.. Director Dr. Vladimir Starkov offers tips on how businesses that rely on provisions of Puerto Rico Act 60 can prepare documents of related-party transactions to avoid IRS penalties for misstating export services income. Discover Best Places to work in India. The key to answering qualitative questions is to structure your answer. 6. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. 2nd round had 3 case studies, behavioral and technical questions. NERA Economic Consulting Research Associate Job Description: Salary The key reason? There is generally no right or wrong area of your framework to pick first. This knowledge has been helpful when applying for jobs at consulting firms.. Nearly every major economic consulting firm uses case interviews in their interview process. NERA Economic Consulting Research Associate Interview Questions They may ask a few questions or provide some feedback. Be the first to find this interview helpful. Why should we not hire you? NERA has a large number of practice areas that the firm divides up into 5 categories: As you can see, the firm covers a much broader spectrum of practice areas than many of the core strategy consulting firms we profile. One competency based interview and one economics one that covered mainly basic economic intuition on topics like natural monopolies. In Europe, Australia, and New Zealand, the career path in terms of responsibilities is pretty similar although they decided to switch up the names and number of positions to be more culturally relevant reflecting that an MBA is non-mandatory and direct promotion is a standard although the titles are also more confusing due to the lack of a global standard (which would never happen at McKinsey or BCG): Research Officer Analyst Consultant Senior Consultant Associate Director Director, NERA Economic Consulting offers a limited number of 10-week summer internships to undergrads who are currently working on their BA/BS. To combat this, Ive started taking short breaks throughout the day to reflect on the bigger picture.. This question can help the interviewer get a sense of your knowledge and how you learn. Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. Health Sciences Consulting. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? I interviewed at NERA Economic Consulting. I interviewed at NERA Economic Consulting (New York, NY). WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You will be expected to present findings from time to time, how would you prepare for a presentation? I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. Why not McKinsey, BCG, Bain? I love being able to use my skills to find solutions for clients who are facing challenges or need advice on how to improve their business. Charles River Associates Free interview details posted anonymously by NERA Economic Consulting interview candidates. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Interview process length. However, I am confident in my ability to work with larger datasets if needed. Examples of potential business questions you could get asked in an economic consulting case interview include: Economic consulting firms heavily rely on case interviews in their interview process because they can assess a variety of different qualities and traits in just a 20- to 30-minute exercise. Opens the Fishbowl by Glassdoor site in a new window. 5. Along the way, youll answer a mix of quantitative and qualitative questions to help you build support for a final recommendation that youll present at the end of the case. The most important part of this step is to verify the objective of the case. KPMG. Why NERA? I would rate my math skills at a 9 out of 10.. PDF Workshop on Search for Jobs in Economics Anthony Yezer, GWU Department However, most positions will require at least one behavioral interview and one technical interview. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. How did you approach the situation? Employing more than 500 professionals, including 425 economists, the . Employers ask this question to learn more about your background and how it relates to the job. Lifestyle is a great reason to choose NERA predictable hours, predictable travel, in an intellectually stimulating environment. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. The second round was an interview with a Managing Director. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay, England: [salary]. Interviewed for one hour. I was a lateral hire. Focus on understanding the context of the situation and the objective of the case. 146 followers . Make sure to keep these qualities in mind when going into your economic consulting case interview. An econometric analysis of data on the London metal exchange Interviewing with NERA Economic Consulting? This question can help the interviewer get to know you as a person and how your personality might fit in with their company. An early boom in the market for awful music allowed him to amass a substantial war chest and offer products (all music Read the rest, Case Type: math problem, brain teaser. What is something that you learned recently about economics or finance? Hosted By: NERA Economic Consulting, Monckton Chambers and Augusta Ventures, Bankruptcy and Financial Distress Litigation, White Collar, Investigations and Enforcement, Third Annual UK Competition Litigation Conference, Dr. Arturo Gonzalez Joins NERA as Associate Director, ISS SCAS & NERA: A Look Back at 2022 and Whats Ahead in 2023, Schne neue Verrechnungspreiswelt: Gewinnverteilung anhand anteiliger Value CreationEin Lsungsvorschlag (Teil 1). I chose that major because I was interested in learning more about business and finance, but I also wanted to study something that would be applicable to my future career. 207. Discussion related to relevant sector for internship but didn't require specialist knowledge. None of the questions were super unexpected. Very focused on fit. Asked about previous research experience and especially quantitative experience. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. What analysis, what program skills you know. What is the difference between macroeconomics and microeconomics? On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. NERA Economic Consulting Case Interviews - Management Consulted Add your data to unlock Full WSO Database. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Consulting Firm: NERA Economic Consulting first round full time job interview. Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? Half an hour of an HR interview and two case studies. Nera Economic Consulting Interview Questions & Answers 2023 The firm provides economic advice, analysis, expert testimony, and regulatory insight for global clients throughout North America, Latin America, Europe, and the Asia-Pacific region. This question can help the interviewer get a sense of your personality and how you might fit in with their team. Nothing unexpected. I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. NERA Economic Consulting is a subsidiary of parent company Marsh & McLennan Companies, a Fortune 500 company in the diversified financial industry who also owns a number of firms including Mercer, an HR Consulting firm, and Oliver Wyman, a top 10 Financial/Strategy Consulting firm. 204. Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. What is the interview process like at NERA Economic Consulting? I believe that if we were able to develop a more accurate measurement of GDP, we would be better equipped to create policies that promote sustainable growth.. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. Example: Math is very important to me because I am able to use my math skills every day at work. In your answer, define macroeconomics and microeconomics and explain how they differ from each other. NERA Economic Consulting | LinkedIn Industry Coverage: None, Case Interview Question #01024: A very long rope is tied around the equator of the Earth drawing a circle centered at the center of the Earth. Extracare Intranet Gateway,
Articles N
Industry Coverage: mass media & communications; sports, leisure & recreation. It was a typical Hirevue interview not much more that I can actually say to describe it but I have to meet the character minimum. super day, on site, five one-on-one interviews. How would you analyze allegations of discriminatory lending practices? It was important for me to know my resume inside and out. Note that these groups are inclusive to employees of Marsh & McLennan: Are there more topics youre interested in hearing about in our firm profiles? NERA Economic Consulting understands what many people can't: economics. Read on for an in-depth look at this smarty-pants boutique firm that serves as a great career launching pad for Economics undergrads and PhDs alike. How is economic consulting (e.g., NERA, FTI) work different from In fact, I find that math helps me solve problems more quickly than if I were just using logic alone. I applied for the Finance and Securities practice. Dr. Arturo Gonzalez Joins NERA as Associate Director >, ISS SCAS & NERA: A Look Back at 2022 and Whats Ahead in 2023 >, Schne neue Verrechnungspreiswelt: Gewinnverteilung anhand anteiliger Value CreationEin Lsungsvorschlag (Teil 1) >. Register here: Join Dr. Andrew Stivers on 8 Feb for a webinar exploring how the FTC undertakes the cost-benefit analysis for proposed rules and learn practical tips for drafting rulemaking comments. There was no case question for me but I heard other candidates have those. NERA Economic Consulting Corporate Web Specialist Salaries in Seaham On 3 Feb Director Fernando Jimnez will discuss recent case law and explore emerging competition issues in Spain and the EU at the IEB Seminar on Recent Developments in EU Competition Law. - 08 December 2021. 2. Contribute to the database and get 1 month free* Full online access! You should be able to solve your economic cases without having to rely on outside knowledge. WISU - Das Wirtschaftsstudium The interview focus is largely dependent on which practice you are interviewing for. Managing Director Dr. Faten Sabry and Associate Director Dr. Ignacio Franceschelli compare how the CFTC, SEC, and the market classify crypto assets as securities or commodities. Ive always been someone who likes to solve problems, so this job is a great fit for me., Common NERA Economic Consulting Interview Questions. This study by NERA Economics Consulting compares the carbon dividends plan to a set of regulatory policies designed to achieve the same emissions reductions. In both cases, I used data analysis software to examine trends and patterns that could inform our recommendations.. NERA Economic Consulting Consultant Securities Interview Questions However, most positions will require at least one behavioral interview and one technical interview. Use examples from previous work or school experiences where you had to research information, analyze data or make decisions with limited resources. Lets just quickly discuss the difference between a top management consulting firm and an economic consulting firm. The process took 2+ months. Any insight much appreciated. Integrity is paramount in the legal world; NERA is trusted as an unbiased advisor, and retains its prestige (and book of clients) based on this reputation. NERA Economic Consulting They usually want to see that you have relevant coursework and experience in areas like economics, stats, accounting, and finance. When answering this question, try to think of something that youve been trying to improve or work on recently. Does this vary by practice area? This question allows the interviewer to assess your ability to do so, as well as how you would approach this task. Be transparent, show genuine interest in the interviewer, be uniquely yourself (but not weird), and most importantly, dont let the laid back atmosphere be an excuse to let your guard down too much. Dr. Sorensen specializes in advising clients on auction design and bidding strategies in diverse markets. Went through my college, applied and got an online interview. NERA (National Economic Research Associates), Inc. was founded in 1961 by two leading economists, Dr. Irwin Stelzer and Dr. Jules Joskow with the vision of establishing the first economic consulting firm. Interview. I was a lateral hire. These can be areas of your framework that you did not have time to explore or lingering questions that you do not have great answers for. I interviewed at NERA Economic Consulting in May 2021. Also, check glassdoor because it helped me a lot. We are excited to announce the promotions of Dr. Stefan Berger, Lorenz Wieshammer, and Tilling Lee to Associate Director. Est Annual Revenue: $25bn+ Website. first round: phone interview. Its also a chance to demonstrate that youve done some research about NERA Economic Consulting, so be sure to mention something specific about the company or its work. NERA is a wholly-owned subsidiary of Marsh & McLennan Companies. Your answer should show that you have an interest in learning about economics or finance, but it should also highlight any specific skills youve developed recently. Well, NERA is no MBB. We were able to come up with a solution where they could hire more part-time workers to fill positions until they found someone full time.. A case on what is the size of the domestic market for cell phones. Business acumen: Do you have a basic understanding of fundamental business and economics concepts? NERA does most of its (U.S. and Europe) recruiting out of these schools some of them do not match up with core MBB schools (note George Washington University and not Georgetown, for example): If you dont go to one of these target schools, but youre a master in economics (GPA of 3.7+, departmental awards, etc. 8 NERA Economic Consulting Internship interview questions and 9 interview reviews. Benjamin Seggerson's email & phone number - Associate Director And when youre interviewing with a specific company, its important to do your research and be prepared to answer questions about the company itself. This question is an opportunity to show your passion for the field of economics. Give an example of when you had to perform under pressure and meet a deadline. I believe that if we continue to focus on these issues, we will see more sustainable growth.. Director Dr. Vladimir Starkov offers tips on how businesses that rely on provisions of Puerto Rico Act 60 can prepare documents of related-party transactions to avoid IRS penalties for misstating export services income. Discover Best Places to work in India. The key to answering qualitative questions is to structure your answer. 6. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. 2nd round had 3 case studies, behavioral and technical questions. NERA Economic Consulting Research Associate Job Description: Salary The key reason? There is generally no right or wrong area of your framework to pick first. This knowledge has been helpful when applying for jobs at consulting firms.. Nearly every major economic consulting firm uses case interviews in their interview process. NERA Economic Consulting Research Associate Interview Questions They may ask a few questions or provide some feedback. Be the first to find this interview helpful. Why should we not hire you? NERA has a large number of practice areas that the firm divides up into 5 categories: As you can see, the firm covers a much broader spectrum of practice areas than many of the core strategy consulting firms we profile. One competency based interview and one economics one that covered mainly basic economic intuition on topics like natural monopolies. In Europe, Australia, and New Zealand, the career path in terms of responsibilities is pretty similar although they decided to switch up the names and number of positions to be more culturally relevant reflecting that an MBA is non-mandatory and direct promotion is a standard although the titles are also more confusing due to the lack of a global standard (which would never happen at McKinsey or BCG): Research Officer Analyst Consultant Senior Consultant Associate Director Director, NERA Economic Consulting offers a limited number of 10-week summer internships to undergrads who are currently working on their BA/BS. To combat this, Ive started taking short breaks throughout the day to reflect on the bigger picture.. This question can help the interviewer get a sense of your knowledge and how you learn. Example: Economic forecasts are a valuable resource for businesses because they provide insight into future trends that may impact their operations. Health Sciences Consulting. Can you give me an example of a time when you disagreed with a team members conclusion, how did you handle it? I interviewed at NERA Economic Consulting. I interviewed at NERA Economic Consulting (New York, NY). WWL published its annual guide to spotlight expert witnesses and future leaders in resolving complex international disputes. Case Interview Question #01156: Your client Gold Mining USA Inc. (GMUI) is a large gold mining company based in Greenwood Village, Colorado, United States. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You will be expected to present findings from time to time, how would you prepare for a presentation? I received an invitation to do a HIreVue online interview within 2 weeks of applying for a winter internship. Nera Economic Consulting interview questions and answers interview rounds and process 2023 GD topics test pattern shared by employees and candidates. Why not McKinsey, BCG, Bain? I love being able to use my skills to find solutions for clients who are facing challenges or need advice on how to improve their business. Charles River Associates Free interview details posted anonymously by NERA Economic Consulting interview candidates. Analyst/Senior Analyst/RAs at NERA Economic Consulting - what is your base + bonus ranges generally? Interview process length. However, I am confident in my ability to work with larger datasets if needed. Examples of potential business questions you could get asked in an economic consulting case interview include: Economic consulting firms heavily rely on case interviews in their interview process because they can assess a variety of different qualities and traits in just a 20- to 30-minute exercise. Opens the Fishbowl by Glassdoor site in a new window. 5. Along the way, youll answer a mix of quantitative and qualitative questions to help you build support for a final recommendation that youll present at the end of the case. The most important part of this step is to verify the objective of the case. KPMG. Why NERA? I would rate my math skills at a 9 out of 10.. PDF Workshop on Search for Jobs in Economics Anthony Yezer, GWU Department However, most positions will require at least one behavioral interview and one technical interview. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. How did you approach the situation? Employing more than 500 professionals, including 425 economists, the . Employers ask this question to learn more about your background and how it relates to the job. Lifestyle is a great reason to choose NERA predictable hours, predictable travel, in an intellectually stimulating environment. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. Sometimes I get so caught up in the details that I forget why Im doing what Im doing. The second round was an interview with a Managing Director. Read our findings (including that SVOD providers increase European cultural content) here: Join us in congratulating Dr. Will Taylor for his promotion to Director. Average salary for NERA Economic Consulting Corporate Web Specialist in Newquay, England: [salary]. Interviewed for one hour. I was a lateral hire. Focus on understanding the context of the situation and the objective of the case. 146 followers . Make sure to keep these qualities in mind when going into your economic consulting case interview. An econometric analysis of data on the London metal exchange Interviewing with NERA Economic Consulting? This question can help the interviewer get to know you as a person and how your personality might fit in with their company. An early boom in the market for awful music allowed him to amass a substantial war chest and offer products (all music Read the rest, Case Type: math problem, brain teaser. What is something that you learned recently about economics or finance? Hosted By: NERA Economic Consulting, Monckton Chambers and Augusta Ventures, Bankruptcy and Financial Distress Litigation, White Collar, Investigations and Enforcement, Third Annual UK Competition Litigation Conference, Dr. Arturo Gonzalez Joins NERA as Associate Director, ISS SCAS & NERA: A Look Back at 2022 and Whats Ahead in 2023, Schne neue Verrechnungspreiswelt: Gewinnverteilung anhand anteiliger Value CreationEin Lsungsvorschlag (Teil 1). I chose that major because I was interested in learning more about business and finance, but I also wanted to study something that would be applicable to my future career. 207. Discussion related to relevant sector for internship but didn't require specialist knowledge. None of the questions were super unexpected. Very focused on fit. Asked about previous research experience and especially quantitative experience. The interview process at NERA Economic Consulting can vary depending on the position you are applying for. What analysis, what program skills you know. What is the difference between macroeconomics and microeconomics? On a scale of 1-10 where 1 is Poor and 10 is Excellent, rating is 6. NERA Economic Consulting Case Interviews - Management Consulted Add your data to unlock Full WSO Database. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Consulting Firm: NERA Economic Consulting first round full time job interview. Why dont you tell me a bit about your career path and some of the decisions you made about what direction to take? Half an hour of an HR interview and two case studies. Nera Economic Consulting Interview Questions & Answers 2023 The firm provides economic advice, analysis, expert testimony, and regulatory insight for global clients throughout North America, Latin America, Europe, and the Asia-Pacific region. This question can help the interviewer get a sense of your personality and how you might fit in with their team. Nothing unexpected. I interviewed at NERA Economic Consulting in Nov 2011. first round on campus interview, talk about research experience. NERA Economic Consulting is a subsidiary of parent company Marsh & McLennan Companies, a Fortune 500 company in the diversified financial industry who also owns a number of firms including Mercer, an HR Consulting firm, and Oliver Wyman, a top 10 Financial/Strategy Consulting firm. 204. Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. What is the interview process like at NERA Economic Consulting? I believe that if we were able to develop a more accurate measurement of GDP, we would be better equipped to create policies that promote sustainable growth.. In fact, if you look at a list of top 20 consulting firms, NERA wont be on it. Example: Math is very important to me because I am able to use my math skills every day at work. In your answer, define macroeconomics and microeconomics and explain how they differ from each other. NERA Economic Consulting | LinkedIn Industry Coverage: None, Case Interview Question #01024: A very long rope is tied around the equator of the Earth drawing a circle centered at the center of the Earth.