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Oliver Wyman Reviews
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    Oliver Wyman Reviews

    Updated May 7, 2018
    497 reviews

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    4.2
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    Oliver Wyman CEO Scott McDonald
    Scott McDonald
    152 Ratings

    497 Employee Reviews

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    Pros
    Cons
    More Pros and Cons

    1. "Great Company, Great People, Great Opportunity"

      StarStarStarStarStar
      Former Employee - Anonymous Employee in New York, NY
      Former Employee - Anonymous Employee in New York, NY
      Recommends
      Positive Outlook
      Approves of CEO

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

      Pros

      Great work, fun atmosphere, and hard work is rewarded

      Cons

      Hours can be long, but what else did you expect.

      Advice to Management

      Keep going.

    2. Helpful (1)

      "smart people, interesting work, focused on undergrad"

      StarStarStarStarStar
      • 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

      leading firm in financial service consulting

      Cons

      very uniform population below partner level somewhat callenghes divergent thinking, which may harm the firm in the long run

      3. Join the Oliver Wyman team
      See Our Latest Jobs

    3. "Great culture"

      StarStarStarStarStar
      • 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

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

      Pros

      -Brilliant, inspiring people who love to have fun and will become your best friends
      - Super fast trajectory and you learn at lightning speed across all dimensions
      - Perks (AMEX Platinum card, fully paid international cellphone plan, can expense anything while traveling, on and on)
      -

      Cons

      - Clients are often crappy or have crappy cultures
      - Work life balance varies a lot by project - can be bad

      Advice to Management

      Don't let the culture change as the company grows. Also ditch MMC because they only slow us down.

    4. "Oliver Wyman"

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

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

      Pros

      Great place to work, great people, great culture

      Cons

      Long hours, lack of training due to project prioritization

      Advice to Management

      More business oriented, less transactional

    5. "Great people"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Recommends
      Positive Outlook
      No opinion of CEO

      I have been working at Oliver Wyman full-time

      Pros

      Hands down, people are the best part about the company
      FS is very, very strong

      Cons

      Calibration process didn't seem all too fair
      Work life balance is usually not that great, but it's also part of the industry

    6. Helpful (3)

      "Stellar firm, good exit opportunities"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Senior Consultant in New York, NY
      Current Employee - Senior Consultant in New York, NY
      Recommends
      Positive Outlook
      No opinion of CEO

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

      Pros

      1. High-impact project work with room for rapid advancement
      2. **Very** transparent (and competitive) compensation model
      3. Potential for industry specialization and content acquisition early on (Oliver Wyman's focus on a smaller set of industries creates deep industry expertise)

      Cons

      Caveat: this is the only place I have worked so I do not have many points of comparison.

      The most impactful cons of Oliver Wyman are the same as those at any management consulting firm (long hours, tough travel schedules, uneven project work and at times inexperienced project managers)

      Specific potential cons of OW:
      1. Sometimes frustrating staffing model and very opaque staffing process leads to inefficient outcomes
      2. Inexperienced middle management (i.e. project managers) - since Oliver Wyman has no defined "up or out" at 2 years time, the third and fourth year managers are sometimes inexperienced (potentially a bit burned out without a 2 year break for MBA)
      3. Less formal/impactful MBA support - likely the biggest driver of my decision to leave Oliver Wyman

      Advice to Management

      Expend MBA support without making it a requirement for advancement- it will have a positive impact on consultant retention, prevent burnout and create a more successful layer of middle managers (which is now somewhat lacking)

    7. "Great place to work"

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

      I worked at Oliver Wyman full-time

      Pros

      Smart people, good team work..

      Cons

      Work life balance, travel can be hectic..

    8. Helpful (2)

      "Consultant for 2 years"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Consultant
      Former Employee - Consultant
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

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

      Pros

      Great skill development and client exposure

      Cons

      Little choice in project assignment; difficult to choose an industry of focus outside of FS

    9. Helpful (6)

      "Heavily luck dependent"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Consultant in New York, NY
      Current Employee - Consultant in New York, NY
      Doesn't Recommend
      Positive Outlook
      Approves of CEO

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

      Pros

      - Mostly relaxed company culture
      - Most people are very fun, easy to get along with
      - People genuinely want the best for you and are very supportive

      Cons

      - Experience is very luck determined. If you get on good projects with good managers, then it's great. However, there are a lot of bad managers without any compassion or feelings at Oliver Wyman
      - Too much work in FS. It's difficult to get onto very exciting or transformative projects.
      - Hours are long. Best hours I've ever worked at 8:30am to around 9pm. For a long time I was working 9am to 2 or 3am everyday.
      - Managers do not show appreciation for work enough. Giving compliments doesn't seem to be a part of the culture. Firm culture mostly penalizes what is done wrong, without really praising what is done well.
      - Reviews are very biased and not impartial at all.

      Advice to Management

      Care more about the employees, especially at a lower level.

    10. Helpful (2)

      "Great place to start a career"

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

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

      Pros

      - Unparalleled opportunities for responsibility early in career. Since projects tend to be tightly staffed relative to scope, every project team member is crucial. You will be thrown into challenging situations from which you'll come out as a better consultant
      - Smart, fun, entrepreneurial people. Thinking back on projects where things didn't go as planned or had challenging work-life balance, it was often the people that played the biggest role in keeping me going
      - Strong brand name in FS, particularly in Risk
      - Many options and opportunities for flexible work, e.g. secondments, leaves of absence, rotations to other offices and roles

      Cons

      - You won't find all projects interesting
      - Traveling constantly eventually became too taxing on my health, and made me feel a bit rootless
      - Hours can be very long, depending on the project; they're also not always predictable

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