Oliver Wyman
3.6 of 5 197 reviews
www.oliverwyman.com New York, NY 50 to 149 Employees

Oliver Wyman Reviews

Updated Jun 4, 2014
All Employees Current Employees Only

3.6 197 reviews

                             

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Oliver Wyman CEO Scott McDonald

Scott McDonald


77% of employees recommend this company to a friend
109 Employee Reviews Back to all reviews
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    Consultant

    Consultant (Current Employee)
    New York, NY

    ProsFun environment, really good culture. Strong emphasis on WL balance. The firm really tried to create a cohesive environemnt for everyone to come together

    ConsYou end up doing a bunch of stress testing work again and again. Might tell you you can explore other interests, but it's not often the case. It's easy to get stuck doing one thing at the company if you're not careful. You can find yourself doing 14 months of insurance work back to back without expressing any interest in it.

    Advice to Senior ManagementMore visibility into current project across the firm, better integration of GMC/FS. In my two years at the firm, both compensation and promotion structure changes against consultants. This is not a startup company, and to reflect OW's maturity I'd try to have such frequent upheavals

    Yes, I would recommend this company to a friend

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    6 people found this helpful  

    Consultants are used, not developed

    Consultant (Current Employee)

    ProsLots of exposure and responsibility right out of the gate.

    Managers tend to be good on-the-job trainers. I really liked most of my project managers.

    ConsUPDATED: Management just announced changes such that employees will not receive cross-project reviews until they've been at the firm for nearly 2 years. That means you get the same pay, same title, same lack of recognition for 2 years. Their rationale? It balances out in the long run. What this explicitly means: If you're not planning on staying in consulting for the long-run, OW doesn't care about you.

    Staffing is a nightmare. If you tell ANYONE what your preferences are, everyone somehow hears that you're a whiner and not willing to do whatever the firm needs you to do...

    Work-life balance is a joke. Upper management talks about it a lot but partners don't care. Weekends? Holidays? What?

    Zero exit-opportunity support. Again, if you're leaving the firm, they don't care about you. No programs, no externships (I know there are articles on OW's website, but I've never heard of such an opportunity in real life)

    The firm is perpetually losing money, so terrible bonuses. There's always something to blame it on. My first year's excuse: Tough market. Second year: We spent so much time last year trying to get our act together internally that we forgot to sell work. Whoops. "We'll knock it out of the park next quarter though!"

    Advice to Senior ManagementConsider your consultants (all consultants) a long-term investment. Whether or not they want to get up to partner, they could still hire you in the future. Make them want to hire you.

    No, I would not recommend this company to a friend

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    Smart, driven, very entrepreneurial people

    IT Manager (Current Employee)
    New York, NY

    ProsWork with smart, driven folks who push bounderies and have the get it done attitude

    ConsConsultant hrs are long, lots of travel, challenging deadlines

    Yes, I would recommend this company to a friend

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    2 people found this helpful  

    The fast paced nature of the work means that you learn a lot, but that working here is also a large time commitment.

    Anonymous Employee (Current Employee)

    Pros1. The people - your co-workers are really the best part about OW. Everyone is interesting and talented, and that makes the long hours worthwhile.
    2. You learn a lot. Whether you want to jump around between industries or dive into one area of interest, you are fully immersed and you work on a lot of skills.
    3. Ability to progress in the company - OW is a meritocratic environment. You can progress to whatever level you are performing at. Additionally, OW does not have an MBA hiring track, and thus invests more time and effort on their undergraduate hires.

    Cons1. Lifestyle - you travel a lot, and you work late hours. This isn't really different among top management consulting companies, but be aware of it going in.
    2. Element of chance in staffing - a lot of your experience depends on what cases you get onto. And while you can express preferences for staffing, your cases can depend a lot on the chance of timing (when you become free, when other cases are starting). Also, one bad case with a manager that you really don't get along with can be both a miserable experience and set you back significantly in career progression.

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    Wonderful firm

    Anonymous Employee (Current Employee)

    ProsIncredibly bright people who take their work seriously but not themselves. Challenging and varied business problems that you always tackle in teams.

    ConsLike all consulting jobs, can involve substantial travel.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    great company to work for.

    Product Manager (Current Employee)

    Prosgreat people anda lot of learning opportunities.

    Conshaven't notice one yet. will keep looking.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    A great place to start your career!

    Consultant (Current Employee)
    New York, NY

    Pros-Commitment of middle to upper management to consultant development
    -Rapid growth, only non Big 3 firm poised to enter the fold
    -Rich network of firm development activities, including GLOW (the LGBT group) and campus recruiting

    Cons-Not as flat as claimed during the recruitment process
    -Weaker Health and Life Sciences practice as well as Manufacturing, Technology and Energy compared to financial services

    Advice to Senior ManagementMake things flatter and unique like before, while still pursuing the goal

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Wonderful and welcoming place to work

    Support Staff (Current Employee)
    New York, NY

    ProsProactive with social and ethical matters

    ConsIt may be hard to get quick feedback due to the amount of travel done.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    worked in the finance department

    Anonymous Employee (Current Employee)

    ProsGreat atmosphere, friendly environment, nice perks

    Consdifficult for any upward mobility

    Yes, I would recommend this company to a friend

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    Great company to develop your career at

    Senior Consultant (Current Employee)
    San Francisco, CA

    ProsPlenty of opportunities to work on interesting projects that impact the client. Great culture of nurturing junior consultants. Great people who make the long hours enjoyable.

    ConsLike most top management consulting companies, Oliver Wyman requires consultants to travel to clients every week.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Oliver Wyman is one of the world’s leading management consultancies. From strategy, operations, and risk management to organizational transformation and leadership development, we work with companies around the world to… Full Overview

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