Oliver Wyman Reviews

Updated March 21, 2015
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4.2
243 Reviews
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Oliver Wyman CEO Scott McDonald
Scott McDonald
27 Ratings

Pros
  • Teams are really supportive and work/life balance is achievable (in 13 reviews)

  • Great flexible working conditions, great people - my colleagues have turned into friends (in 15 reviews)

Cons
  • The work life balance does not exist (in 36 reviews)

  • Potential long hours, working under tight deadlines (in 19 reviews)

More Pros and Cons

Employee Reviews

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  1. Definitely a top tier consultancy

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

    I worked at Oliver Wyman

    Pros

    Great company culture and management makes a solid effort to address work-life balance. The opportunity for career advancement is there if you choose to pursue it, and everyone is very supportive.

    Cons

    Definitely a work-hard environment that at times seem unreasonable/unnecessary and during busy season can sometimes be understaffed.

    Advice to ManagementAdvice

    Address the cons mentioned above.

    Recommends
    Positive Outlook
    Approves of CEO
  2. Global Business Analyst

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

    I worked at Oliver Wyman

    Pros

    Great community, very very smart people, and excellent client projects.

    Cons

    Based only in major cities giving you limited options for places to live. Offices tend to be in very expensive cities.

    Recommends
    Approves of CEO
  3. Non-traditional employees are viewed as lesser employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Troy, MI
    Current Employee - Manager in Troy, MI

    I have been working at Oliver Wyman full-time (more than 8 years)

    Pros

    Very good benefits, backing of MMC corporate.

    Cons

    They company has zero plan for some of its alternate business model employees and they really don't seem to care. They are not open about the lack of opportunity for these people and they employees are left to figure it out for themselves.

    Advice to ManagementAdvice

    Don't mislead alternate business model employees into thinking they are just like any other part of the team. Just be honest to them so they can make better career decisions.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. Super smart people and changing projects

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oliver Wyman

    Pros

    Really smart people and just a great community of supportive professionals

    Cons

    Projects in recent years focused more on a specific section of the financial service market

    Advice to ManagementAdvice

    management of consultant expectations

    Recommends
    Positive Outlook
  6. Great culture, truly collegial yet remaining professional

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

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

    Pros

    - the culture and flexible, open minded people
    - pay scale is satisfactory and at par or above competitors
    - Great reputation in the industry ensures flow of big impact, interesting projects
    - Solid chance for professional development as entry level analyst with constant and targeted feedback

    Cons

    - may take a while to get to responsibility, but the opportunity exists depending on the project and how you perform
    -Work life balance was not great, but there were efforts to look at improving this

    Advice to ManagementAdvice

    - Constantly scouting and matching the right people with the right work where they can meaningfully contribute while learning a great deal
    - Perks were lower than other companies, bonus, relocation fee, complementary corporate discounts etc.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. Small company, good culture; regulatory work, long hours, lots of travel

    • 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 3 years)

    Pros

    Small company, good community; they take care of their employees
    No up or out policy

    Cons

    Small pipeling, limited choice of work
    Travel and long hours (read consulting!)

    Recommends
  8. Big and corporate, but growing

    • 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 (less than a year)

    Pros

    Good benefits, growth and opportunity for advancement, good overall benefits, smart people, generally positive mentality at the company. Oliver Wyman also has a bit of a chip on its shoulder as it closes in on the big three which makes the culture a little more scrappy and down to earth and a little less imperial and snobbish

    Cons

    Work is not as challenging or sophisticated as what the big three (Bain, BCG or McKinsey) do, and the lesser degree of prestige reflects that. It is large and even more corporate (read: bureacratic) than the big three.

    Advice to ManagementAdvice

    There isn't a very strong sense of identity, which may be inevitable when people are on the road four days a week. It can also be easy to get lost in the bureaucracy which also stifles the impetus to get things done, contribute or act in an entreprenuerial manner

    Recommends
    Positive Outlook
    Approves of CEO
  9. Great people at a really interesting place

    • 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 3 years)

    Pros

    Great flexible working conditions, great people - my colleagues have turned into friends. Strong sense of doing "what is right". Interesting research and reports, a leader in many industries.

    Cons

    Depending on the office or department, Support Professionals sometimes do not get the respect or opportunities they deserve. Few opportunities for professional development or training. All of the resources tend to go to the consultants.

    Advice to ManagementAdvice

    You have a bunch of very smart, highly skilled and motivated professionals on your support teams who would probably be prepared to out-stay many consultants. Please make a better effort to give them a career perspective they can really get excited about.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. Good place to work

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

    I worked at Oliver Wyman full-time (more than 5 years)

    Pros

    I worked in the financial services practice. Very smart, talented group, with a high standard of excellence for clients, which made me very proud to work there. Work hard/play hard mentality.

    Cons

    Work-life balance not always great. Office culture in European offices much more positive than the NYC office. Non-consulting staff job functions (HR, Admins, Marketing) not given same level of respect as consultants.

    Advice to ManagementAdvice

    Don't let the original culture of the firm completely go away. It made you special.

    Recommends
    Approves of CEO
  11. Pockets of amazing people; unbalanced mix of projects (with many boring financial services projects)

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

    I worked at Oliver Wyman

    Pros

    Pockets of amazing people
    Strong career review system to help you develop really well
    Ability to move really fast (if you take control over your career)

    Cons

    Unbalanced mix of projects (heavy mix of projects in financial services focus on risk and stress testing)
    Management unwilling to invest in people (only tried to get people to take a break when business was slow)
    Management too money focused, not people focused (make changes that may be right financial decision, but not the right people decision)
    Outside of the financial services industry, poor brand in the job market (not well recognized to get you next job)

    Advice to ManagementAdvice

    wake up

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