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1 person found this helpful  

Meritocratic but aggressive firm is a good fit for industry-agnostic college grads seeking fast career progression.

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

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

Pros

Truly meritocratic: managers will promote anyone who deserves it, regardless of age or tenure. Easy to get international assignments. The organization is willing to take risks and act differently from other large consulting organizations (for example, by hiring less MBA's and forcing earlier specialization). Competitive pay.

Cons

Trigger-happy management in regard to layoffs. No serious checks & balances regarding work/life balance. "Industry generalist" job titles seem generalist in name only for many who are effectively forced to specialize in an industry from day one.

Advice to ManagementAdvice

Continue to take risks to differentiate OW from competitors, but be more candid with potential hires about what they can expect to like and dislike through a job at OW.

Recommends
Neutral Outlook
Disapproves of CEO

Other Reviews for Oliver Wyman

  1. 1 person found this helpful  

    Strategy Consulting

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

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

    Pros

    Travel opportunities, good comp for undergrads

    Cons

    Poor mentorship, too much politics, work is not particularly challenging, tendency to cut corners w. clients & recycle old presentations w.o really understanding client context

    Advice to ManagementAdvice

    Increase focus on providing clients quality experiences

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    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 for more than a year

    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 ManagementAdvice

    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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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