Oliver Wyman Reviews

Updated September 30, 2014
Updated September 30, 2014
210 Reviews
4.1
210 Reviews
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Oliver Wyman CEO Scott McDonald
Scott McDonald
7 Ratings

Review Highlights

Pros
  • Great work life balance, with interactive open culture (in 11 reviews)

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


Cons
  • The work life balance does not exist (in 35 reviews)

  • Typical consulting drawbacks - long hours, travel, etc (in 15 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to spend first few years about graduating

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

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

    Pros

    Opportunities to travel
    Work with very smart and motivated people

    Cons

    Even though you get to change projects frequently, there's a risk of getting stuck in certain type of projects and it's difficult to change and develop other areas of expertise

    Advice to ManagementAdvice

    Be careful with burning people out, specially at the junior level. It's not always visible from higher levels of the organization...

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Good core skillset. Poor culture and work environment.

    • 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

    money, travel, cool clients, responsibility early, challenging work

    Cons

    repetitive, too much travel, long hours, no support or mentorship

    Recommends
    Positive Outlook
    Approves of CEO
  3. 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
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  5. 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
  6. 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
  7.  

    Work in progress as OW strives for top line growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 for more than a year

    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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    If you are non-consultant staff, not the best place to work

    • 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 for more than 10 years

    Pros

    Diverse and interesting staff, career advancement for some, plenty of opportunities to get involved and engaged. Can be fun and fulfilling at times

    Cons

    Highly politicized and divisive culture despite years of trying to create a unified internal identity as a desirable place to start and maintain a support staff career. For some, mostly on the consulting side, it can be a dream opportunity, but for support staff, its a case of the prisoners standing behind the barbed wire watching the parade of all that fine internal cultural growth and development pass them by. Double-standards abound. Lot's of fine words and time expended on improving the culture, but in practice, just not working. Severe lack of respect for support staff.

    Advice to ManagementAdvice

    Wake up and pay attention. You've got some real issues to deal with.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Not much room to grow

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

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

    Pros

    * Small company feeling
    * Some flexibility to pretty much decide what you want to work on

    Cons

    * Not much room to grow

    Advice to ManagementAdvice

    * Offer better pay

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Good industry exposure, but training and skills development needs improvement

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

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

    Pros

    - good industry exposure
    - international opportunities
    - opportunity to develop technical expertise

    Cons

    - lack of innovation in projects
    - no structured training program for new hires
    - not much work-life balance

    Advice to ManagementAdvice

    Be more competitive with training and development, respect the physical and mental health needs of employees, create a more supportive work culture.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Great learning experience, but at the expense of your work life balance

    • 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 for more than 3 years

    Pros

    A lot of travels, great people, extremely interesting cases

    Cons

    Work life balance, public company, changes to merge General Management and Financial services

    Recommends
    Neutral Outlook
    No opinion of CEO

Oliver Wyman Photos

UK Interns - 2013
Big Brothers and Big Sisters organization
Movember Bake Sale - 2013
Some folks in the Dallas office wear purple to show support for the 25th anniversary of NCOD

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