Oliver Wyman Reviews | Glassdoor

Oliver Wyman Reviews

Updated March 21, 2017
405 reviews

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4.0
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Oliver Wyman CEO Scott McDonald
Scott McDonald
99 Ratings

405 Employee Reviews

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Pros
Cons
  • Work life balance is better than 2 years ago, but there is still room for improvement (in 76 reviews)

  • Extremely long hours (average day from 9am to 12am; can be better or worse depending on the project) (in 46 reviews)

More Pros and Cons

  1. "A Company with Great Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Everyone responds to problems in a timely manner. People are nice to get along with and they are willing to teach you whatever you don't understand.

    Cons

    People are pretty busy, but it's a good company for those who seek to grow.


  2. Helpful (1)

    "Gre"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    -The people - OW has a supportive, meritocratic culture focused on both personal and professional development
    -The work - OW uses deep expertise to get the right answer to real problems; partners and managers are hands on

    Cons

    -More focus is needed on relationship building / communicating the "right answer" to clients
    -Work life balance is better than 2 years ago, but there is still room for improvement
    While there is a global staffing model, don't join NY if you don't want to do FS at some point (I chose OW NY because of FS - undergrads should do their due diligence and not expect to do work that the firm doesn't sell)


  3. Helpful (1)

    "My Career Success is based on output vs face time"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

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

    Pros

    Very down to earth company full of extra smart people. Not obnoxiously competitive. Non-hierarchical. I do interesting work & feel my efforts are rewarded.

    Cons

    Travel can be a taxing but the company supports ideas for making it things work if you have an alternative idea. The bottom line is we need to be at the client, but as much as they can, managers are open to flexibility. I'm especially grateful I'm not required to go into the office when not at the client; working from home is a real thing since I'm judged on my output.

    Advice to Management

    Keep up the open dialogue about flexible working arrangements; I'm so impressed by senior management's attention to work/life balance.


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  5. "Great company"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    Pros

    Smart, amazing, fun people. Great place to start a career.

    Cons

    Nothing atypical of consulting.


  6. "fast growing company"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Oliver Wyman full-time

    Pros

    fast growing and exciting opportunities

    Cons

    not that i could think of right now


  7. "Great culture, but limited sectoral focus and poor WLB"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Oliver Wyman full-time

    Pros

    - Very friendly culture without the unhealthy competition seen at other consulting firms
    - Incredibly smart people
    - Rapid path to to partner

    Cons

    - Work-life balance is poor in spite of increased management focus on this issue
    - Significant % of revenue is from the financial services sector; So, limited opportunities to explore multiple sectors

    Advice to Management

    - Set clearer expectations during recruiting regarding to the type of work we do and the sectors we focus on
    - Take additional steps to improve work-life balance


  8. "A really great working environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Oliver Wyman creates an excellent working environment with the amount of diversity and values that allow it to be a meritocracy. The benefits overall are amazing and generous.

    Cons

    Partners can be very demanding. Working with the sister companies is often a challenging and slow at times.

    Advice to Management

    Keep up the good work.


  9. Helpful (1)

    "Good growth prospects; competitive, intense environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consultant
    Former Employee - Senior Consultant
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Fast career progression, often strong managers and generally high caliber colleagues, good change of pace / leave policies (sabbatical, non-profit work at 40% pay, rotations in support functions), compensation is highly competitive at low levels (consultant, senior consultant), opportunity to jump to managerial positions at corporates / startups if you stay a few years, recent firm focus on work life quality (now tied into partner comp)

    Cons

    Typical of management consulting: Sometimes long hours (I'd defined normal as 60 - 70, with plenty less and plenty more), with intense deadlines / stressful work environments. You accept a degree of volatility in your lifestyle working in consulting

    Unique to OW: Significant concentration in somewhat arcane fields (e.g. financial risk management) - vast majority of consultants in the New York office have worked on these projects, and it's easy to get pigeonholed doing this work repeatedly. This can impact your ability to exit (hard to pitch yourself broadly if you've only worked on stress testing...) Your managers are often young folks that are only a year or a few years older, so they're not terribly seasoned, leading sometimes to people management issues. Some partners / seniors are real jerks, particularly within financial services; it's frustrating that in an otherwise friendly company these people are accepted

    Advice to Management

    Continue the 'empathetic leadership' cultivated by CEO Scott McDonald. Be honest with recruits about the business mix. Much of our work requires people with technical skills, not generalist management consultants.


  10. "One is the best Emoloyers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Overall atmosphere and employee moral outstanding. Great diversity

    Cons

    With diversity comes some challenges


  11. "Oliver Wyman"

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

    I have been working at Oliver Wyman full-time

    Pros

    -Great mentors and upward mobility
    -Strong in certain areas, such as financial services

    Cons

    -Work life balance severely lacking
    -Business is too heavily focused in the financial services sector

    Advice to Management

    -Diversify business exposure
    -Create initiatives that will improve work life balance for employees



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