Oliver Wyman reviews

4.0

80% would recommend to a friend

(2,189 total reviews)
avatar

Ted Moynihan

Not enough data to show CEO approval

71% positive business outlook

Oliver Wyman has an employee rating of 4.0 out of 5 stars, based on 2,189 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Oliver Wyman employee rating is in line with the average (within 1 standard deviation) for employers within the Management & Consulting industry (3.7 stars).

Reviews by job title

2K reviews
3.0
Jan 10, 2019

Consultant

Recommend
CEO approval
Business Outlook

Pros

+ Amazing group of talented Consultants, Senior Consultants + Strong culture and commitment to I&D + Meritocratic promotion system (not political office environment) + Overwhelming Financial Services focus of years past has shifted to a more diverse set of industry particularly in Utilities, Transportation, and Retail in the US offering new consultants a broader set of opportunities. (moved from 75% FS to closer to 45% FS, the regulatory projects OW made a killing on in years passed have dried up in light of deregulation in the Trump Era) + In spite of low name ID, Consultants who leave after 2-4 years tend to go on to work at elite firms (in Tech/FS/PE), go to prestigious MBA programs, or work for emerging NFPs/Start-ups. + Love my peers in CCG (Core Consultant Group, which is the group you are put in during your first 1-2 years out of undergrad) Almost everyone is smart, relatively chill/fun to be around, and we're a non-competitive, truly supportive of each other. + Culture While by no means does OW have some utopian inclusive culture or is it as racially diverse as we'd want to be, we're a firm of respectful (often progressive) people who aren't afraid to have very candid conversations about emerging issues and are always looking for pragmatic ways to improve our office culture and the consultant experience. + Your success at the firm is exclusively driven by your performance. Promotions are really not political .. instead its based on a tough, rigorous 360 review process - where those who've met clearly defined objectives will be promoted. If you're meeting the targets for your next eligible role - you will be promoted every year. However, the firm leaders often can be pretty tough in how they review people's performance, so simply performing at a mediocre level will stagnate your career at OW. You must learn to succeed at constantly improving your skill-set/performance to do really well at OW.

Cons

- We do strategy work similar to MBB, but have relatively low name ID. Its annoying to work in a 1:1 role as a MBB analyst, if anything for a more analytically rigorous firm, yet rarely ask someone if they have ever heard of OW and hear "yes." This happens when you're trying to network your way into new opportunities outside of work or even at work, when you start off a interview with a SME and you ask if they've heard of OW - they likely haven't. - OW mid-level managers often aren't empowering leaders, they're overwhelmed managers focused on execution not enabling their team. Training at the firm is weak at the firm at the manager level. Managers are often really well skilled at understanding the project subject-matter and have significant technical/analytical skills. However, its very inconsistent project-to-project as to whether a Manager will have the project management, interpersonal, and EQ skills to help enable you and the team to succeed (plus stay motivated). Managers are often friendly (its not a personality issue), but typically moved up quite quickly at the firm and OW training isn't comprehensive enough for them to know how to lead a team that thrives (including Work-Life Balance) as opposed to being an expert at delivering what the client needs at all costs possible. - Work Life Balance is really hit or miss, particularly with highly fluctuating hours. If you get put on a burner project, where your constantly being stretched including late nights and/or weekends (because of various reasons) the firm really doesn't have any good remediation method, even if you flag it - you just get hit with a lot of empathetic talk - but get more/less hit with 'it sucks to suck'. The firm lacks Consultants with the technical skills needed to take on some of the new projects we're selling, so if you're a coder or someone with significant technical skills its very common that they'll basically constantly put you on burners. - Firm has a great I&D philosophy, but is still probably 80%++ white males at the Principal and Partner level.

4.0
Jan 20, 2018
Recommend
CEO approval
Business Outlook

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

3.0
Nov 26, 2017

Heavily luck dependent

Recommend
CEO approval
Business Outlook

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.

Viewing 4 - 6 of 2,189 Reviews

Glassdoor has 2,796 Oliver Wyman reviews submitted anonymously by Oliver Wyman employees. Read employee reviews and ratings on Glassdoor to decide if Oliver Wyman is right for you.