Oliver Wyman- Dark Horse?

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Comments (18)

Controversial
  • Intern in Consulting
Nov 9, 2020 - 10:50pm

What do you mean by

a cut above the rest of the T2? 

This just reeks of some kid who missed MBB and is trying to console themselves by trying to put OW above the rest of the T2 firms. I know from friends that the culture at OW isn't that great and that exits aren't anything like that of MBB, so don't try to compare OW to those firms. I (and others from my school who turned OW down) consider LEK, Deloitte, and S& to be a bit above OW in fact, due to a mix and match of the following factors 1) caliber of schools that they hire from 2) The types of work is more "sexy" 3) Exits are better into PE/HF/B-School and 4) hours/culture.  So before you go cutting down other firms, think a bit. Also, I got an offer from OW and turned it down for an MBB last year, so I'm not a disgruntled reject :) .

What makes you so positive about the OW outlook? By wikipedia standards, every Accenture has "high" billing rates; that's the nature of the industry. Additionally, the one con you gave of OW is that its not well known, which is patently false because anyone who it matters to, knows what OW is. 

Funniest
  • Associate 1 in PE - LBOs
Nov 10, 2020 - 1:59pm

Your entire post

This is funny, but it's simple, if not MBB, then OW, then the rest. 

  • Prospect in Consulting
Apr 30, 2021 - 4:20pm

bruhh haha this is so wrong...OW places better than all the firms you mentioned in buyside roles..just look at the investment teams of different firms be it MM/UMM PE, GE, or VC...sheesh get your info correct mate before you spew.

  • Analyst 1 in Consulting
Nov 10, 2020 - 12:10am

"So you wanna play with magic?
Boy, you should know what you're fallin' for
Baby, do you dare to do this?
'Cause I'm coming at you like Oliver Wyman"

-A wise philosopher

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Most Helpful
  • Prospect in Consulting
Nov 10, 2020 - 5:22pm

If you do some research on Linkedin (or at a variety of MM-UM PE Firms', GE firms', VC firms' websites), OW does have better/more common buy side placements than the rest of T2 firms-and at my school I know the majority of people are trying to get into MBB then OW then the rest of T2 firms as of late (the S& Deals group in specific is also very attractive to kids as well). I also know kids who were trying to re-recruit from other T2 firms to OW after summer gigs (in addition to MBB of course).

Note: I don't have a dog in this fight. These type of threads do not really drive value for the forum or people in general. All these firms (MBB, T2 etc...) are amazing firms to be at with their own advantages and perks (MBB especially obv.). Also, I really dislike the "T2" term. They're all great organizations within the business world; and if you have an offer at any you're very fortunate.

  • Associate Consultant in Consulting
Nov 10, 2020 - 6:24pm

I really don't get the hype around OW either. Their FS practice is good but other T2s have their niches too. For example, Parthenon Education, Kearny Ops/Supply Chain, LEK PE/Life Sciences, S& also has a fast growing PE practice.

OW compensation at later level also falls off from what I've read on Fishbowl. MBB still gets lion share of the good exit ops including buy side and I doubt head hunters would pick a OW candidate over other T2 shops just for the brand, all else equal. 

Nov 10, 2020 - 9:50pm

At OW, I agree with the above. I think the small difference in prestige where it may exist is largely in undergrad circles, and does not play out in terms of exit opps etc. Anecdotally I think the culture is supposedly better at OW than other T2's (closer to a Bain than a McK), but the lower pay at post-MBA/manager levels evens this out. I would pick based on industry/type of work you want to work on

  • Associate 1 in PE - LBOs
Nov 10, 2020 - 11:56pm

OW Education is as good as if not better than P-EY Education

Nov 21, 2020 - 12:28pm

I would say that OW has no prestige advantage over other T2s at the MBA level. Granted that's not a focus for them, but Big 4 Strat + Accenture Strat clean up against them. A lot of it is more lucrative pay packages or MBA 2nd year reimbursement. There is a world of recruiting outside of undergrad and OW is highly sought after in that world. 

  • Prospect in Consulting
Nov 24, 2020 - 4:40pm

If I could have I would have chosen OW over the other "T2 firms". Especially if you're trying to exit after 2-3 years (they just have better exits...do enough networking with people in the industry and research outside of this forum, and you will find this to be true). And they do place very well in M7 even in HWS (not as much Stanford and not as well as MBB obviously, but just look at Linkedin). That being said, if you're in it for the "long-run" don't ignore the other firms as apparently there is a pay gap after a couple years post-undergrad until around partner levels, and other T2 firms have good exits as well.

Nov 25, 2020 - 12:23pm

OW is good in the long run actually, no strict up or out means greater chance at partner, where the comp is in line with MBB. They issue is more in the medium term, if you are aiming to exit at high Associate/EM/Principal where it faces a lower value prop than other T2.

  • Analyst 2 in IB - Gen
Nov 25, 2020 - 8:11am

Not a consultant, but I'm strongly considering to make a move from banking. Some people here seem to be much more knowledgeable about the space than I am, but I would make the point that these discussions should also be driven by the geography we are referring to.

In my Continental Europe country, OW is definitely seen as the best in the pack following MBB and wins most cross-offers versus other non-MBB top firms. This doesn't necessarily mean the experience will be better, but thought worth flagging.

Only cases where people didn't accept an offer from OW was when they absolutely did not want to do FS - which remains their strongest/key practice in the country, despite OW having hired a bunch of partners in the past 2 years to expand other areas too.

Nov 25, 2020 - 3:23pm

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