There are newer employer reviews for Oliver Wyman

Helpful (3)

Run away from this place

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Consultant in New York, NY
Former Employee - Consultant in New York, NY

I worked at Oliver Wyman full-time (more than a year)

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

- Major travel to large financial and corporate centers

Cons

- Questionable contracts with clients (most contracts have a highly superfluous end-objectives and seem to be mostly the result of "you scratch my back, I scratch yours" relationships with middle-managers at clients. It is very difficult to demonstrate that they generate any value added to the end clients

- Involved in most of the banks and insurance companies that collapsed in the financial crisis, yet refuse to acknowledge their significant responsibility for the disaster. It is rather shocking that they are getting any business since to be honest (e.g. they had a significant role at AIG, Fannie and Freddie, to name a few)

- Too many of their consultants are essentially frustrated wannabe-high-financiers, who are eternally attempting to extract high-finance-type salaries in an industry where those pay levels cannot legitimately be supported (unless you are taking advantage of a client through questionable mandates or relationships). This leads to a very unwelcoming and toxic working environment

Advice to Management

This company shouldn't be part of a publicly listed corporation: the pressures to generate earnings growth at all cost have significantly eroded the quality of its work and mandates

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  1. If you are non-consultant staff, not the best place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oliver Wyman full-time (more than 10 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Diverse and interesting staff, career advancement for some, plenty of opportunities to get involved and engaged. Can be fun and fulfilling at times

    Cons

    Highly politicized and divisive culture despite years of trying to create a unified internal identity as a desirable place to start and maintain a support staff career. For some, mostly on the consulting side, it can be a dream opportunity, but for support staff, its a case of the prisoners standing behind the barbed wire watching the parade of all that fine internal cultural growth and development pass them by. Double-standards abound. Lot's of fine words and time expended on improving the culture, but in practice, just not working. Severe lack of respect for support staff.

    Advice to Management

    Wake up and pay attention. You've got some real issues to deal with.

  2. Great learning experience, but at the expense of your work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consultant in New York, NY
    Former Employee - Senior Consultant in New York, NY

    I worked at Oliver Wyman full-time (more than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    A lot of travels, great people, extremely interesting cases

    Cons

    Work life balance, public company, changes to merge General Management and Financial services

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