Oliver Wyman

www.oliverwyman.com
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Employee Reviews

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  1.  

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

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

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

    Pros

    Incredibly 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)

    Cons

    Major 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

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Great name and excellent breeding ground for top talent

    • 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

    Pros

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

    Cons

    Bureaucracy 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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. 6 people found this helpful  

    Consultants are used, not developed

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

    I have been working at Oliver Wyman full-time (more than a year)

    Pros

    Lots 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.

    Cons

    UPDATED: 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 ManagementAdvice

    Consider 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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Smart, driven, very entrepreneurial people

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

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

    Pros

    Work with smart, driven folks who push bounderies and have the get it done attitude

    Cons

    Consultant hrs are long, lots of travel, challenging deadlines

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great place to start a career

    • 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)

    Pros

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

    Cons

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

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Wonderful firm

    • 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

    Pros

    Incredibly bright people who take their work seriously but not themselves. Challenging and varied business problems that you always tackle in teams.

    Cons

    Like all consulting jobs, can involve substantial travel.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    great company to work for.

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

    I have been working at Oliver Wyman full-time

    Pros

    great people anda lot of learning opportunities.

    Cons

    haven't notice one yet. will keep looking.

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    I have been working at Oliver Wyman

    Pros

    1. The people - your co-workers are really the best part about OW. Everyone is interesting and talented, and that makes the long hours worthwhile.
    2. You learn a lot. Whether you want to jump around between industries or dive into one area of interest, you are fully immersed and you work on a lot of skills.
    3. Ability to progress in the company - OW is a meritocratic environment. You can progress to whatever level you are performing at. Additionally, OW does not have an MBA hiring track, and thus invests more time and effort on their undergraduate hires.

    Cons

    1. Lifestyle - you travel a lot, and you work late hours. This isn't really different among top management consulting companies, but be aware of it going in.
    2. Element of chance in staffing - a lot of your experience depends on what cases you get onto. And while you can express preferences for staffing, your cases can depend a lot on the chance of timing (when you become free, when other cases are starting). Also, one bad case with a manager that you really don't get along with can be both a miserable experience and set you back significantly in career progression.

  10.  

    A great place to start your career!

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

    I have been working at Oliver Wyman full-time

    Pros

    -Commitment of middle to upper management to consultant development
    -Rapid growth, only non Big 3 firm poised to enter the fold
    -Rich network of firm development activities, including GLOW (the LGBT group) and campus recruiting

    Cons

    -Not as flat as claimed during the recruitment process
    -Weaker Health and Life Sciences practice as well as Manufacturing, Technology and Energy compared to financial services

    Advice to ManagementAdvice

    Make things flatter and unique like before, while still pursuing the goal

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Wonderful and welcoming place to work

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

    I have been working at Oliver Wyman full-time (more than 5 years)

    Pros

    Proactive with social and ethical matters

    Cons

    It may be hard to get quick feedback due to the amount of travel done.

    Recommends
    Positive Outlook
    Approves of CEO

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