There are newer employer reviews for Oliver Wyman
There are newer employer reviews for Oliver Wyman

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Helpful (1)

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

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

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

Recommends
Neutral Outlook
Disapproves of CEO
Recommends
Neutral Outlook
Disapproves of CEO

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 Management

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.

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  1. Work in progress as OW strives for top line growth

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great networking and cultural enforcement activities (e.g. happy hour every Friday, offsites for various practice areas) Rapid promotion provides strong incentive to perform

    Cons

    Outside of risk management, content gets a bit thin as most partners lack the appropriate background Going into unchartered waters due to focus on relationship based selling versus thought leadership Hours can be long though that comes with the territory. In line with most management consulting firms when it comes to workload.

    Advice to Management

    Slow and steady wins the game while retaining a strong perspective on quality


  2. Helpful (3)

    Run away from this place

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


There are newer employer reviews for Oliver Wyman
There are newer employer reviews for Oliver Wyman

See Most Recent

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