Oliver Wyman vs Monitor Group
Hello,
I am interested in your thoughts about Oliver Wyman FS versus the Monitor Group, in terms of culture, travel and exit opportunities. Much appreciated.
OW is awesome. Great place to work, top clients, top IC, very good compensation, solid exit options. It's not MBB but it pays more. It's not MBB but the calibre of its consultants is very comparable.
Don't know as much about Monitor, will let someone else take that up.
Monitor's best times are over. OW on the other hand is doing pretty good. Especially its FS practice is a main competitor to MBB. If its between the two, take OW.
Look - I am totally biased (and at least I admit it) as I work at Monitor. But, "Monitor's best times are over" is completely ridiculous. Monitor is growing like crazy (especially in North America) and has been for the last two years. Our clients, like OW, are also top notch and come to Monitor to focus on growth (i.e., corporate / business unit strategy, innovation, marketing strategy). It's pretty important to note that Monitor just went through a transition from a founder-led firm to a partner-led firm - this is pretty huge in the life-span of a consulting firm... Mitt Romney came to fame in leading Bain through this process, when they almost went bankrupt. Monitor is a great position.
Now on to this question - OW FS vs. Monitor. It completely depends what you want to do. If you really want to work in FS - on all sorts of FS problems, than OW FS is a no brainer. Monitor doesn't do a whole lot of FS work (it's a crowded space) and when it does, it's mostly marketing / sales / growth strategy related (e.g., how should we grow wealth management offerings, how do we target xyz group of consumers, etc.).
Join Monitor if you want broad exposure to "actual strategy" issues across a broad range of industries. Monitor only does pretty much pure strategy, it does do implementation, cost reduction, process optimization, etc. Again, if that tickles your fancy, than Monitor is your choice.
A bit more on Monitor to help out. Exit opps are solid, particularly for UGs. Corporate strategy roles, PE roles, and placement in top b-schools are solid. Travel is pretty good - Monitor doesn't have an "on site" model, so you travel only when you need to. I travel pretty frequently because of my case, but never for more than 2 nights. Culture is what Monitor is all about - definitely not overly competitive, very supportive, down-to-earth, still got some of the entrepreneurial feel... I'm a personal fan of Friday beer parties in my office.
Anyway, these are two different firms, two different offers, two different experiences.
tz come on.
Being from Europe I couldn't care less about Monitor, but even I know that you're trying to paint a misleading picture here. Monitor's FY2009 Growth Rate: -42%
Thanks for sharing your thoughts on the two firms!
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