Oliver Wyman

www.oliverwyman.com
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Employee Reviews

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  1.  

    worked in the finance department

    • 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

    Great atmosphere, friendly environment, nice perks

    Cons

    difficult for any upward mobility

    Recommends
  2.  

    Great company to develop your career at

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

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

    Pros

    Plenty of opportunities to work on interesting projects that impact the client. Great culture of nurturing junior consultants. Great people who make the long hours enjoyable.

    Cons

    Like most top management consulting companies, Oliver Wyman requires consultants to travel to clients every week.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 2 people found this helpful  

    Seek a premier management consulting firm, not a wannabe

    • 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 (more than a year)

    Pros

    - Interesting work, exposure to multiple industries and potential for international assignments (as US has been lagging Asia in terms of work)

    Cons

    - Toxic environment, localised talent pools means outsiders are prone to get blame for anything (and something will) goes wrong
    - Partners are straying from core finance and risk areas into uncharted territories. Results in ambiguous outcomes and poor staffing / execution
     - Lack of cohesion in senior ranks makes for difficult practice building. Attempts to offset through aggressive client management, which in turn means lack of follow through on most engagements

    Advice to ManagementAdvice

    Either cultivate leadership (more than just sending people to b-schools) or recruit outside partner blood (and cull non-performing partners)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Consultant

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

    I worked at Oliver Wyman as an intern (less than a year)

    Pros

    Great people, great culture, the more upward mobility than many other consulting firms.

    Cons

    A higher proportion of less interesting data analysis/ implementation work; fewer 'sexy' strategy products. Can be pigeon holed into financial services.

    Advice to ManagementAdvice

    Focus more on work-life balance.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great office culture, interesting work

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at Oliver Wyman full-time (more than 3 years)

    Pros

    Opportunity to earn responsibility early in career
    Great office culture - Friday happy hours, sports teams, community service events etc.

    Cons

    The usually consulting challenges: Hours, lots of travel

    Recommends
    No opinion of CEO
  7.  

    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 (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
  8.  

    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
  9. 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 (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
  10. 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 (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
  11. 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 (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

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