Hi all,
What is Oliver Wyman's reputation? I understand they are a tier 2 consulting firm, but others have said that they compete with MBB in certain industries. It seems like this is more of a boutique consulting firm as it is a lot smaller than others. I know they have a global staffing model which is a bit different than others.
Is OW prestigious? What are the exit ops from working at OW? What's the culture like?
Thanks everyone!
Comments (11)
universitystudenti, sorry about the lack of response. Maybe one of these topics will help:
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bump
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It is not really a boutique firm, though definitely smaller than the MBB's.
They are really strong in Financial Services and to a lesser extent, Healthcare.
Yes, OW is very prestigious. To me they are the 4th most prestigious firm after MBB.
In general, exit ops are very diverse. In particular, OW exits well into FANG tech companies and any kind of financial services, including MM PE.
Culture is known to be tough hours, but compensation is usually pretty good. There are very few post-MBA hires, and almost everyone joined the firm out of undergrad.
Compensation at OW is better than any other consulting firm.
Very quick promotion structure - some may say that people get promoted before they're ready.
It's on par with the other top T2 players for most industries, but rivals McKinsey for Financial Services.
It's tough to compare against Deloitte in terms of talent because Deloitte is a ten times bigger, but if you take an OW-sized sample of the top Deloitte employees, they'd be on par with OW.
Overall, I believe OW is the right choice if you don't get into MBB unless you're trying to be tech-focused or don't want a global staffing model.
I'm a little biased as I do work at OW but here is my take.
In terms of prestige OW is at the top of t2 shops. But I would say if you are looking to get the widest exit opps possible not including PE then S&O would be a better option. But if you are looking exclusively into PE then EY-P and LEK are better.
Yes, the pay is good. But with other firms raising their pay we are no longer industry-leading for entry level consultants. And the perks also aren't as good as some other t2 shops.
I would say if you care about exit opps into finance and can't get an MBB offer OW is the next logical choice.
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