Oliver Wyman vs. Big 4 (yes, again)
Hi everyone! I know this has been dissected before, but the latest I saw was as of a few years ago. How does Oliver Wyman rank against Big 4? I'm currently in a big 4 firm working in their strategy group and am considering a switch to Oliver Wyman. Which one is better? I've done well at my company and know they'll counter offer, but I'm not sure a counter offer is even worth it compared to OW (or maybe it is!).
Don't have any advice for you but I'm curious, do you have an offer or interview from OW? If so, how did you go about getting the interview?
I have a final round interview coming up. I networked a lot and was connected to mutual friends there, and they referred me internally.
If you're asking I'm assuming you may have some interest or insight - any idea as to their reputation currently? Doesn't have to be compared to Big 4 - just in general. Trying to get a feel for the company and their brand/reputation.
Close friend of mine is trying to make a move to OY strategy and is having a tough time. Not from Big 4, another tier 2 but niche industry firm. OY is great from my understanding. Just a notch below MBB. Particularly good for financial services consulting I think.
I don't work in consulting, but I've spoken to a fair number of people in the space. Oliver Wyman is strongest in its financial services practice, and they do a fair amount of risk management work. But beyond that, I'm not sure OW is really much better than, say, Deloitte.
Does "Big 4 strategy" mean Deloitte S&O or Parthenon - EY? If so, moving to OW is basically a lateral move (although OW takes the cake in FS as others have mentioned). If not, switching to OW would probably be a step up depending on whether they make you take a step back in title when you join.
I'm coming from strategy consulting, but non S&O/Parthenon/Strategy&. They are interviewing me for a role one level above where I'm currently at, so it appears a promotion would be involved. Looks like a great opportunity!
You're right - I forgot about strategy&, but other than that this seems to be a fantastic opportunity. Good luck!
Deloitte S&O, Strategy& and Parthenon are all essentially laterals. KPMG, EY non-Parthenon, legacy PwC and non S&O Deloitte it would be a step up.
That's in terms of both pay and "prestige" for b school etc.
OW is above Deloitte S&O and Strategy&. I'm not sure how you can persist with positioning Deloitte S&O in the same sentence as Strategy& too!
OP, congrats on getting the opportunity to move to a more prestigious firm with a bump in title too. This will translate into quite a handsome bump in overall comp - base would go up substantially and the overall, due to performance bonus, will catapult you and your career up several notches.
The above depends on the office as the clients and types of work varies by location.
They're all in the same tier and are essentially laterals. Tiers don't change every few years, rankings/perception in a tier do and vary by individual. I'd rank them in the same order as you, but the differentiation is very small and the experience for one person at Deloitte/Strat& could be better for another at OW on every end of the spectrum.
To your point, the equivalent would be like saying that going from McKinsey to BCG or Bain is not a lateral.
In Europe it would be a definite step up.
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