Deloitte Consulting vs Oliver Wyman FT
Hello,
I am fortunate to have received offers at both Deloitte and OW for FT out of undergrad. Both offers are in SF, and for Deloitte Consulting I would be aligned to their strategy practice (my title is "Strategy Analyst"). Any advice on which to take?
Some additional Information:
- Pay (base + annual bonus) is ~10k better @ OW (estimate). It seems like this gap will widen as well over the next few years From what I hear as well
- I'm interested in pivoting into corp strategy or corp development roles in the long run (preferably in tech too)
- People wise its kind of a toss up for me. Both groups I like a lot, but I think I vibe better with people at Deloitte, while I think I look up to and strive to be more like people at OW
- I really like how flexible OW seems with staffing (global staffing model meaning Im not bound to the west coast or even US (have seen a bunch of people go international for work) and it seems like I can get a good variety of different types of work too
- I think Deloitte may have better partners in industries I am more interested (TMT) but am unsure
- Also interested in an MBA, but I think the placement at both firms and sponsorship is pretty similar
Thanks for the advice!
OW.....isn't really a question
Can you provide some reasoning here?
OW hands down
Can you provide some reasoning here?
It’s more highly regarded in the consulting industry, provides better exits (check linkedin), and pretty sure the pandemic hit Deloitte hard (layoffs etc..), and gives way better pay.
There’s other forums discussing this and you can also check fishbowl etc...But I recommend chatting with people in the industry.
Just my 2 cents.
Either way both are great firms and you’re in a great position-congrats!
Made the same exact decision 3 years ago, and very happy I went with OW.
People here are great, and you see very little of the politics I hear about at Big D from friends. Plenty of people exit to tech companies, and you will get paid better while you are here.
The only reason to go with D is if you really value the bigger name for people outside consulting.
I definitely can see how OW is less of the politics than Deloitte, and I really think OW has one of the most supportive cultures.
Do you think you can comment on the array of project work and exposure to TMT at OW? I know OW is generally well regarded for their FS practice, but I'd love to know if there is the opportunity to explore this sector and get experience here. Im also interested in understanding what kind of digital work is at OW.
Also do you know anything in particular about the SF office? I know OW's staffing model means your not really as limited by your office, but it'd be cool to know if there is something unique of the SF office in particular
The SF office is pretty small, so don't have a lot of knowledge about it. It does do a decent amount of tmt work, mostly in the fintech space with companies related to payments and finance.
You might want to just reach out to some consultants based out of the office and get a better understanding of the office itself.
Good luck!
TMT is very limited at OW, very small practice. Digital and analytics work is quite big in other industries where we are historically strong (FS, health insurance, aviation, etc.) OW's quant focus works well for exits into tech and many go that path. As mentioned I would agree the culture and comp are probably better at OW. I would ask a Deloitte employee on industries Deloitte Strategy works in + WLB, these are the two areas that may lean Deloitte.
no question OW
I've said it once and I'll say it again, if you're not MBB, the best you can do is OW
Hands down OW. 5 years ago, it would have been a closer choice but even then, still probably OW. Deloitte consulting has undergone severe brand dilution due to internal restructuring, much like what is happening right now with EYP. Out of the big 4 strat arms, I would say that S& is the only one that is still "T2" and able to compete with the likes of O.W, LEK etc.
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