Oliver Wyman

  www.oliverwyman.com
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Oliver Wyman Reviews

Updated Jul 21, 2014
All Employees Current Employees Only

3.6 198 reviews

Not yet rated.

Oliver Wyman CEO Scott McDonald

Scott McDonald


77% of employees recommend this company to a friend

Review Highlights

Pros
  • Company concerned with work-life balance (more in theory than in practice sometimes)(in 11 reviews)

  • great people anda lot of learning opportunities(in 13 reviews)


Cons
  • The work life balance does not exist(in 33 reviews)

  • repetitive, too much travel, long hours, no support or mentorship(in 13 reviews)

198 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Excellent culture!

    Intern (Former Employee) New York, NY

    Pros- very friendly
    - focus on development
    - great client exposure

    Cons- heavy competition from other consulting firms

    Advice to Senior Management- continue to build brand value

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

    • Culture & Values
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    • Career Opportunities
    • No Opinion of CEO

     

    Strong consulting foundation in a down to earth environment

    Senior Associate (Former Employee) Boston, MA

    ProsStrong analytic and consulting toolkit
    Friendly, down-to-earth atmosphere
    Entrepreneurial culture with few barriers to taking ownership and initiative

    ConsWeak consulting relationships and client list
    Specialization drives divisions and silos in the company (e.g. making it harder to share info)
    Salaries and bonuses may be lower than competitors

    Advice to Senior ManagementInvest more in relationship building at all levels with clients and alumni - focusing too much on the analytics can be a danger when competitors control access to the C-suite / Board

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

     

    MMC Takeover Hurt

    Anonymous Employee (Former Employee)

    ProsIt pays well and promotes from within for committed individuals willing to work a rigorous schedule.

    ConsThis was once a boutique consultancy that truly cared about its employees. Oliver and Wyman's retirement, rapid growth and the MMC acquisition robbed the company of its soul.

    Advice to Senior ManagementWork-life balance, once a high priority, lost some traction.

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Overall positive impression of the company

    Anonymous Employee (Former Employee) New York, NY

    ProsDefinitely a leader in financial services and healthcare consulting. Pay is also markedly higher than peer firms. A very "collegial" social culture overall.

    ConsManagers can be hit or miss. Some interns seemed to have managers that really took an interest in giving them real responsibilities that were both challenging and manageable. Some of us, however, seemed to have managers that were not so thoughtful in this arena, sometimes due to inexperience, sometimes to general carelessness.

    Though certainly collegial, the company is not "flat" as advertised. This said, it is true that office politics exist everywhere no matter the company.

    Also seemed like a number of 1st and 2nd year full-timers had a lot of beach time, which was a bit concerning.

    Advice to Senior ManagementDevelop better mechanisms for giving (constructively) critical upward feedback to improve your managers.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Great name and excellent breeding ground for top talent

    Anonymous Employee (Former Employee)

    ProsGreat colleagues with brilliance. Smart people in the lower ranks of consultants and associates that make this company tick

    ConsBureaucracy of being part of MMC. Being part of a public company, limits upside at junior ranks as well for bonus. The management is very political. Partners are not as great (exception may be FS) and lot of hot air. No wonder the retention is low

    Advice to Senior ManagementGet rid of partners and functions that do not perform well... Overhaul the incentive structure of junior consultants and associates. It is a "people" business.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Approves of CEO

     

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great place to grow a career - if you're willing to put in the work and get on good cases.

    Consultant (Former Employee) San Francisco, CA

    ProsIncredibly smart and talented people; Constantly challenged and learning new things; Opportunity to experience and "become an expert" in a variety of industries; Very transparent about salaries and promotions; Opportunities to take leaves of absence (with benefits) or do a non-profit fellowship (at 60% pay)

    ConsMajor inconsistencies between projects (i.e. travel, hours, management), which makes each employee's experience vary widely, and often errs on the side of terrible work-life balance; Regional and industry business varies widely and dramatically effects each office culture; Considerable change in management and high-level structure over the past year; Poor retention of women - a widely acknowledged challenge

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    • No Opinion of CEO

    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

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

     

    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

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great place to start a career

    Senior Consultant (Former Employee) New York, NY

    ProsVery intelligent group, fun/collegiate culture, made many lasting friendships and connections

    ConsLots of travel, merger of the general management and financial services businesses causes branding confusion, crowded at the partner level

    Yes, I would recommend this company to a friend

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