Oliver Wyman Reviews | Glassdoor

Oliver Wyman Reviews

Updated April 19, 2017
410 reviews

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Pros
Cons
  • Challenging work life balance compared to MMB peers (in 77 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. Helpful (4)

    "OW is good for some but not for most"

    Star Star Star Star Star
    • 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
    Negative Outlook
    Approves of CEO

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

    Pros

    Smart people, opportunities for advancement

    Cons

    Long hours, most projects are in the financial regulatory space, staffing system not transparent

    Advice to Management

    1. If you are going to work consultants like bankers, you should pay them like bankers; otherwise, they will leave
    2. Eliminate the staffing system; it causes problems and seems to leave everyone dissatisfied
    3. Increase project diversity; OW is becoming a CCAR / DFAST consulting firm, and I don't think that's good (in the long run) for recruitment or stability


  2. "Management consulting at OW"

    Star Star Star Star Star
    • 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

    Pros

    Fast growth
    Strong on content
    Good collaborative people
    Meritocratic

    Cons

    Focused mainly on Financial Services

    Advice to Management

    Keep it going


  3. "One of the best places for rapid growth if you enjoy the day to day work"

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

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

    Pros

    - Incredibly supportive partner team and support staff if you are willing to invest into the company
    - Really fast partner task, probably fastest in the industry
    - Bright, sometimes brilliant, colleagues
    - Great focus on content

    Cons

    - Company needs to increase focus on EQ, especially as it continues to grow
    - Continued revenue growth is obviously great, but comes at the cost of the intimate culture that is increasingly becoming more corporate
    - Project work is primarily FS - focused, which is only ideal if you are passionate about the industry

    Advice to Management

    Management is pretty good all around


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  5. "Solid consulting firm with some pain points"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New Haven, CT
    Former Employee - Associate in New Haven, CT
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Lots of talent, broad experience in terms of industries and topics. Basically the main things that typically draw people to consulting can be found here. The firm also has a few deep competencies, and projects on those topics can be particularly educational. Compensation is also competitive. Lots of travel (which may be a con for you).

    Cons

    The experience varies too much depending on which office and which team you get staffed on. There is simply no unified culture, probably as a result of the extensive M&A that led to the creation of the firm, and each Partner has his/her own kingdom. Another problem is the practice-specific structure, which means that an office cannot grow without the go-ahead of a practice head that is potentially on a different continent. Finally, work/life balance can be really bad, depending again on office and team.

    Advice to Management

    Move to a geography-based model like the other consulting firms, there's a reason they work that way.


  6. Helpful (2)

    "Team Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Assistant in New York, NY
    Current Employee - Team Assistant in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Nice people, free snacks, happy hours

    Cons

    No development for Support professional. Partner was being very disrespectful, my manager said, "oh well, the partners are always right." not a good place for an introvert. They want you to be a million things. Too much office politics involved.

    Advice to Management

    Managers need constant training


  7. Helpful (1)

    "Great culture"

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

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

    Pros

    True meritocracy. Down to earth people who might be on the nerdy side (not a bad thing). Partners who can actually be a real friend and be in your corner. Great compensation.

    Cons

    Sometimes hard to make friends with coworkers as people tend to be more introverted than extroverted, especially those who you don't get to work with on a project. Now part of a big parent company so more bureaucratic than before.

    Advice to Management

    Start doing graduate-level recruiting.


  8. Helpful (1)

    "Net positive. Low comp."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA
    Current Employee - Associate in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    It is possible to attain a very senior level, even partner, within Oliver Wyman without leaving to go to business school.

    OW labs is the best department at OW. Itcombines the allure of programming with the real world client facing experience of consulting.

    Cons

    Oliver Wyman pays bonuses very late in the year (March). Meaning that if you choose to move else where, you will forfeit a minimum of 16% of your bonus for the following year that you will have "earned"

    Advice to Management

    Invest more in consulting staff, many firm policies and initiatives seem focused elsewhere.
    Some perks are below both industry norms and what undergraduates see when comparing job offers across industries (I.e. Tech) that hire straight out of top tier schools. Argument that OW is more secure than tech doesn't hold when junior employees have a high degree of turnover.


  9. "Consultant"

    Star Star Star Star Star
    • 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 (More than a year)

    Pros

    Great collaborative, entrepreneurial culture, whip smart people, excellent training at entry levels, opportunity for advancement without MBA, senior executive exposure, competitive benefits.

    Cons

    Long hours, par for the course in management consulting, global staffing model can exposure you to international travel, a pro or a con depending on your perspective, heavily weighted to financial services.

    Advice to Management

    Keep recruiting top talent, continue to ensure opportunities for advancement, diversify practice foci and double down on social responsibility ventures, especially in the developing world as a benefit and differentiator. Overtake MBB!


  10. Helpful (2)

    "Consultant"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good culture; collaborative.
    Great perks as a consultant.

    Cons

    High Turnover.
    Not intellectually stimulating enough.

    Advice to Management

    Try to empower fresh consultants as soon as possible to retain talents.


  11. Helpful (1)

    "Good place to start a career"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Oliver Wyman (Less than a year)

    Pros

    Great place to begin your career if you are self motivated. Management will provide more work if you ask for it. For such a big company, not a lot of red tape which allows for workers to be creative and managers want to see their employees grow.

    Great culture!

    Cons

    Hard to move up the corporate ladder; someone needs to leave usually before someone get promoted (makes it feel less merit based)

    Advice to Management

    Sometimes it can feel like an old boys club, but other than that, it is a very progressive atmosphere in terms of growth & opportunity.


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