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Oliver Wyman Reviews

Updated February 19, 2018
482 reviews

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4.2
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Oliver Wyman CEO Scott McDonald
Scott McDonald
143 Ratings

482 Employee Reviews

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Pros
  • Gute Work/Life Balance im Vergleich zu anderen Beratungen (in 31 reviews)

  • Incredibly stimulating environment - truly smart people (in 50 reviews)

Cons
More Pros and Cons

  1. "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..


  2. "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

  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)


  4. Helpful (1)

    "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


  5. Helpful (4)

    "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.


  6. Helpful (1)

    "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


  7. Helpful (1)

    "Great Company"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Smart People
    Global Staffing Model
    Interesting Work
    Majority Strategy work with some good occasional implementation/operational work
    No pressure for business school unless the employee wants to

    Cons

    NYC offices could be updated
    Benefits

    Advice to Management

    Keep up the great work

  8. "ITS support professional"

    StarStarStarStarStar
    • 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

    Great Culture
    Good life balance
    Good work environment
    Great culture

    Cons

    not too much professional grow opportunities


  9. "Great learning experience, culture is lacking"

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

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

    Pros

    - Company is invests in consultants early
    - Significant training and professional development
    - Stretch opportunities available for those who earn them

    Cons

    - Lack of culture
    - Lack of transparency in staffing
    - No diversity, especially in senior leadership

    Advice to Management

    - Bring more diversity to upper levels
    - Bring back our international programs (i.e. golden passport)
    - Bring more transparency to staffing


  10. Helpful (1)

    "Decent workplace, be prepared to work your butt off"

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

    I worked at Oliver Wyman full-time

    Pros

    Smart people, good resources, decent projects

    Cons

    Long, long hours. Smart people, but also full of themselves and not the type of people you want to form a community around


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