Oliver Wyman FS Career Progression

manbearpig's picture
Rank: Neanderthal | 3,253

Hi guys,

Just wondering if anyone knows the different titles/levels at OW FS and how long it takes to move through each one?

As an example, at Deloitte its:
Business Analyst -> Consultant -> Senior Consultant -> Manager -> Senior Manager -> Partner, and it's 2-4 years between each level until Manager, and then 3-5 years between each level after.

Thanks.

Comments (32)

Apr 1, 2011

Consultant -> Senior Consultant -> Associate (post-MBA level) -> Senior Associate (manager) -> Associate Partner -> Partner

No idea on timeframe, but OW does pride itself on a consultant -> partner track without MBA glass ceiling (I've heard secondhand anywhere from a 8-10 year timeframe).

Apr 1, 2011

Thanks man. That's really helpful. Any ideas on salary ranges at each level? Also if I were to lateral over after getting the manager title here, what level do you think I would enter at?

Apr 1, 2011

If you don't mind me asking, why are you considering switching to OWFS?

Proboscis

Apr 2, 2011
Proboscis:

If you don't mind me asking, why are you considering switching to OWFS?

Well, apart from more money and better overall reputation, they have a lot more of the work I find most interesting at my current firm, and a lot less of the work I find least interesting here.

Apr 2, 2011
manbearpig:
Proboscis:

If you don't mind me asking, why are you considering switching to OWFS?

Well, apart from more money and better overall reputation, they have a lot more of the work I find most interesting at my current firm, and a lot less of the work I find least interesting here.

Would you say Deloitte has less control over project staffing? Sounds like you are SC or M level. Even then, I'm guessing you don't get the FS clients you are looking for? Also, I've heard PRD at Deloitte can be a bit of a drag.

Proboscis

Apr 2, 2011

At OWFS, they believe in Consultant straight to Partner model. But, for the purposes of clients and staffing, the following are the designations:

1) Consultant
2) Senior Consultant
3) JM (Job Manager)
4) SJM (Senior Job Manager)
5) Partner

Apr 2, 2011
bbjhva:

At OWFS, they believe in Consultant straight to Partner model. But, for the purposes of clients and staffing, the following are the designations:

1) Consultant
2) Senior Consultant
3) JM (Job Manager)
4) SJM (Senior Job Manager)
5) Partner

This. OW also recently introduced a subdivision of senior consultant for staffing purposes.

Chron3k just made that up.

Apr 2, 2011
PorcineAviation:
bbjhva:

At OWFS, they believe in Consultant straight to Partner model. But, for the purposes of clients and staffing, the following are the designations:

1) Consultant
2) Senior Consultant
3) JM (Job Manager)
4) SJM (Senior Job Manager)
5) Partner

This. OW also recently introduced a subdivision of senior consultant for staffing purposes.

Chron3k just made that up.

http://www.oliverwyman.com/ow/1315.htm
He didn't make it up. He was just referring to the general management consulting arm.

Apr 6, 2011
ekudekud:

How much do OW FS partners make? If less than $2M a year on average, what a joke of a firm.

I'd guess 2M in a good year, 1M in a bad year.

Apr 7, 2011
ekudekud:

How much do OW FS partners make? If less than $2M a year on average, what a joke of a firm.

Never mind that manbearpig gave you a serious response, this is an asinine comment.

Apr 7, 2011
2x2Matrix:
ekudekud:

How much do OW FS partners make? If less than $2M a year on average, what a joke of a firm.

Never mind that manbearpig gave you a serious response, this is an asinine comment.

Oh fuck, I didn't read his name or the rest of the comment. Was answering on my iphone. Can't stand that little shit.

Apr 7, 2011

Minor derail, but does anyone know how OWFS compares on travel to more standard management consulting gigs?

Apr 10, 2011
DavidS:

Minor derail, but does anyone know how OWFS compares on travel to more standard management consulting gigs?

LOL yes moving on from the jelly-related arguments - lots of travel buddy.

Apr 10, 2011
bbjhva:
DavidS:

Minor derail, but does anyone know how OWFS compares on travel to more standard management consulting gigs?

LOL yes moving on from the jelly-related arguments - lots of travel buddy.

LOL

Apr 10, 2011

well projects are more likely to be in major financial centres so depending on where your office is you may have a very good chance of getting projects at home. I know two people who've worked at OW FS in London for about a year and haven't yet had to travel.

That being said, OW uses an international staffing model and there aren't that many offices, so you're pretty likely to get a project in, say, Turkey, or South Africa, for example.

Apr 11, 2011

I am in Asia Pacific, and there's a lot of travel here. But yes, if you're in OW FS in New York, you travel a lot less.

Jul 21, 2011

Anyone know the general travel situation for OWFS Toronto?

Jul 22, 2011
aspiringconsultant:

Anyone know the general travel situation for OWFS Toronto?

They have an OWFS Toronto? They're not hiring though right?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 23, 2011

I just checked online. It seems that they're hiring "experience consultants" for FS, and entry level for GMC right now.

Jul 23, 2011

Would I have a better chance going OWGMC->OWFS or industry->OWFS?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 24, 2011
holymonkey:

Would I have a better chance going OWGMC->OWFS or industry->OWFS?

Industry-->OWFS. By a long way.

And more specifically, financial services industry. Given the specialised model, people without relevant experience can only join as entry-level.

Jul 26, 2011
PorcineAviation:
holymonkey:

Would I have a better chance going OWGMC->OWFS or industry->OWFS?

Industry-->OWFS. By a long way.

And more specifically, financial services industry. Given the specialised model, people without relevant experience can only join as entry-level.

Does "financial services industry" include commercial banks, credit card companies, regulatory agencies etc? Or specifically IB?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 27, 2011

OW FS has a bunch of different domains of work:

1) Corporate and Institutional Banking
2) Retail and Business Banking
3) Finance & Risk
4) Insurance
5) Public Policy
6) Wealth and Asset Management
7) Strategic IT & Operations (new, growing arm)

Aug 10, 2011
Comment
Aug 10, 2011
Comment

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-