Oliver Wyman Reviews | Glassdoor

Oliver Wyman Reviews

Updated December 3, 2017
467 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 48 reviews)

Cons
More Pros and Cons

  1. "Office Culture"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oliver Wyman full-time

    Pros

    Great people and great events

    Cons

    Need to mingle consulting staff and support staff more


  2. Helpful (4)

    "Extremely solid first job out of college.. with a few minor improvements needed"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Oliver Wyman full-time

    Pros

    Overall, OW is an extremely solid company to work for right out of college. Very grateful to have been there. If you are trying to break into management consulting, don't be disillusioned by the term "MBB" -- OW is a real deal, and you will be surprised how amazing it is.

    - Extremely caring, genuine people with a not-fratty, yet still super collegial culture
    - Again, people, people, people!! After all, you will learn that your general sense of happiness at work really comes down to whether you enjoy working with your team or not. Obsessing with landing a sexy case or gunning for a big name client will come at a significant WFB cost.
    - Lots of interesting cases with direct exposure to senior clients
    - Did I mention people??
    - Partners are very easy to approach -- they are always happy to grab coffee with you. Pretty flat culture too. SF office head is a rockstar
    - Competitive compensation and the management does an excellent job maintaining its competitiveness
    - Very generous benefits -- I would say OW's benefits (e.g. FlexOW, LFO, business class policy, and free Amex Platinum to name a few) are FARRRRRR more generous than those at Bain & Company (e.g. no business class even when flying internationally)
    - Very advanced back-end IT infrastructure and the IT dept is always trying out new things to constantly improve things. Very entrepreneurial team and they do an excellent job to make your life better (McKinsey and Lotus... you listening?) . Laptops could use an upgrade though
    - Very design driven thanks to Lippincott -- aesthetically speaking, even MBB can't beat OW
    - Non-judgemental, LGBT-friendly place

    Cons

    I'm going to preface this by saying OW's pros far outweigh cons. But anyways, here's a few:

    - CCAR; enough said
    - Extremely uncompetitive healthcare package compared to MBB , because you get what all other MMC employees get. The most risk-averse package was a $300 deductible plan with $2.5K out-of-pocket. But it's mainly structured on copay from an actuarial perspective, so you still have to pay -- for example -- $50 in copay for a specialist visit even if you have already hit the out-of-pocket (v. coinsurance which would require no additional costs). MORE IMPORTANTLY, insurance premiums are not pa by OW in full, and consultants are expected to take a considerable hit on their disposable income. E.g. For the $300 deductible plan, they deducted approx. $500 for my share of the plan's monthly premium in pre-tax money. Yikes. On the other hand, McKinsey offers a $100 deductible plan with $1K out-of-pocket -- which is 1) paid in full by the firm (McKinsey might offer a slightly lower base depending on the region, but what McKinsey wires over to your bank account is actually richer because there's no pre-tax deduction required) In addition, BCG offers a similar insurance package with a mere $5 copay for almost everything. OW really needs to take an action on this.
    - Lack of industry diversification and misleading sell-day information about industries represented
    - Expense system is an utter nightmare. Please upgrade
    - Also maybe up the $25 receipt threshold? It's whopping $40 at BCG, and McKinsey doesn't even require receipts to begin with,regardless of the amount, as long as you use your corporate card
    - A bit too technical and quantitative -- feels like many cases are operational rather than super high-level
    - Limited office social budget
    - Lack of clear expense guidelines and -- as a result -- a few stingy partners when it comes to expenses. They will yell at you if you spend more than $25 on dinner.... First of all, at BCG, no one cares and partners tend to be very generous. Second, at McKinsey, $25 is what you get for lunch and I think -- don't quote me on this -- they allow up to whopping $55 for dinner
    - Not very values-driven
    - Overly aggressive training program that's just way too ambitious

    Advice to Management

    Keep up with the good work

  3. Helpful (2)

    "A great place for a recent college graduate to start their career"

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

    I worked at Oliver Wyman full-time

    Pros

    Oliver Wyman is a great place for a recent graduate to start their career at a top consulting company. Unlike McKinsey and others, they believe in building partners out of 22 year olds. This means that by 26 you may be just as marketable as a 30 year old Engagement Manager without the 300K in MBA expenses. Four years younger and no lost opportunity or out of pocket costs seems like a win win.

    Cons

    They are owned by an insurance brokerage who is publicly traded. So they have two marks against them: A publicly traded consulting company has keep their shareholders happy and MMC is not a "natural" owner of a consulting company. As a result you can be growing at 20% a year and there will still be no investment capital available. These issues typically impact the career progression of staff rather than consultants.

    Advice to Management

    Focus on the few consulting businesses where you have competitive advantage rather than trying to be a sub scale Bain BCG or McKinsey.


  4. Helpful (1)

    "Great work culture"

    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

    This company has a fun, open culture that encourages creative thinking and problem solving. Team work is central to work.

    Cons

    There are often long hours and weekend work put in, as is expected with the industry. Travel to client sites is of course tiring too.


  5. "Good learning experience"

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

    I worked at Oliver Wyman full-time

    Pros

    Great place to start your career - lots of opportunities to learn

    Cons

    Inconsistent hours and staffing may put you on projects you are not interested in


  6. "Smart people, great learning opportunities"

    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 value for those quant/finance oriented. Smart, humble employees

    Cons

    Non-quantitative skill sets and mindsets generally less valued. Improvements to work life balance could be made.


  7. "Great for recent college grads"

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

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

    Pros

    great exposure, fun people, deep learning curve

    Cons

    The learning curve sort of stopped a year or so into the job. Though to be fair, i think it has to do with the nature of the job and the industry at large, not necessarily the firm itself.

  8. "Great company"

    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 company to work for - very thorough and fair process for moving up the ranks

    Cons

    As with any consulting firm, tends to be a lot of travel


  9. "Great company with growth opportunities"

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

    I worked at Oliver Wyman (More than 3 years)

    Pros

    Collaborative environment and access to upper level management

    Cons

    Our team is small so we had to go for funding each year. We were always so excited to renew.


  10. "Great company to work for"

    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

    Pros

    Oliver Wyman is a fantastic company to work for. Some of the greatest benefits: Diverse, Fulfilling, Exposure

    Cons

    Like any other consulting job, the nature of the work is extremely demanding. The most significant cons: Tolling, Intense, Travel

    Advice to Management

    Oliver Wyman is a fantastic company to work for. Some of the greatest benefits: Diverse, Fulfilling, Exposure. Like any other consulting job, the nature of the work is extremely demanding. The most significant cons: Tolling, Intense, Travel


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