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Cornerstone Research Chicago, IL (US)

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Cornerstone Research Chicago, IL (US) Reviews

  • Helpful (6)

    "Interesting cases with great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in Chicago, IL (US)
    Former Employee - Senior Analyst in Chicago, IL (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Cornerstone Research full-time (More than 3 years)

    Pros

    The people at Cornerstone treat each other uncommonly well, are extraordinarily bright, and work very hard. The cases that I've worked on (securities, retirement plans, merger antitrust) have all been interesting, and the level of technical skills used in the job is satisfying for someone who likes coding in R or Stata (though it can be avoided if you don't like that). I've worked on multiple front-page WSJ cases, but I didn't get to tell anyone about it because of confidentiality. Working on multiple cases at once can be stressful, but is good for varied experiences. The staffing system works well for a small firm, and I was able to consistently get on cases I was most interested in. The pay is pretty good for the number of hours that you work relative to management consulting and finance, and scales well at the analyst level past the first year. For people who are like me coming out of undergrad, I can't recommend it highly enough. From my perspective, Cornerstone has the best culture, highest pay, and most high-profile cases of any economic consulting firm. Exit opportunities are excellent and cover a wide range of options, including tech, data analytics roles, law school, econ PhD programs, and (most commonly) MBA programs. It didn't close any doors for me out of undergrad, which was important as my long-term interests weren't clear when I graduated.

    Cons

    The variance in hours you will work on a case means that some weeks you will be working all of the time, while others it will be a normal 9-6:30pm job. This can sometimes be anticipated, but sometimes it's out of the blue which can be really intrusive into your personal life. This variance averages out to about 50 hours a week, but I've worked more than 80 sometimes and more than 90 more than once. Management styles can vary significantly across cases and case managers, which takes getting used to but is actually nice in a first job. Also, no-one understood what I did, and it was hard to explain when people asked ("I do numbers for lawyers? But it's like, economics"). There's also almost zero name recognition outside of lawyers and other economic consultants.

    Advice to Management

    -Pay analysts 20% more: most of them can get jobs in tech that are less econ-focused (boo) and have fewer hours (yay)
    -Work to build consistent practices firm-wide regarding data management (Git, R). Part of the practice areas are using them and other parts aren't, but the knowledge and familiarity among analysts should be uniform.

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Cornerstone Research Chicago, IL (US) Salaries

Salaries in $ (USD)
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8 salaries
$83,885 per year
$81k
$90k
$83,885 per year
$81k
$90k
4 salaries
$1,04,828 per year
$99k
$116k
$1,04,828 per year
$99k
$116k
$1,32,493 per year
$132k
$134k
$1,32,493 per year
$132k
$134k

Cornerstone Research Chicago, IL (US) Interviews

Experience

Experience
83%
0%
17%

Getting an Interview

Getting an Interview
83%
17%

Difficulty

3.3
Average

Difficulty

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  1.  

    Analyst Interview

    Anonymous Interview Candidate in Chicago, IL (US)
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied through college or university. The process took a week. I interviewed at Cornerstone Research (Chicago, IL (US)) in October 2019.

    Interview

    First round interview, with two 30 minute interviews that had the same structure. 10 mins were behavioral questions, and 15 mins case, 5 mins Q&A. Pretty straightforward case, behavioral questions were good.

    Interview Questions

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