Oliver Wyman vs. Deloitte S&O
Which firm is better? The things that I care about (in order) are:
- interesting work
- work life balance (obviously I know both are bad, but which is worse?)
- ability to travel internationally
- career progression
- comp
Made the exact same decision a years ago and went with OW. Specifically regarding your questions: - if you are into Quant work OW does some really interesting work. Can't speak to S&O but our work is largely Quant + long term contracts. Short strategy projects are becoming rarer - WLB at OW depends on the office. In NYC office I've seen average of 55-60hrs/week. In other offices focusing on non-FS cases its closer to 50 - International projects are hard to come by, but I have known of a couple of classmates who've actively lobbied and got staffed on in Europe/ME. Highly business needs dependent - Promotions are fast up until the EM level. High performers take 4 years to make EM - Comp is fantastic for the first 3-4 years if you are a high performer. I've compared against my S&O classmates for comp and it's not even close for the first 3 years or so. If you are a high performer you can expect 100-135-170-190 for total comp over your first 3 years
I didn’t know consulting paid that much.
That's definitely the higher end of the spectrum, the average all-in comp is closer to 85-90k, so he must REALLY be a top performer.
Hi there,
The Quant/Long-Term work certainly does sound quite unique at Oliver Wyman. How does this shape your exit opps, what do their look like if ST-strategy projects are less common? Does it lend itself moreso to in-house real implementation roles? Really have no idea here
Traditional Corp-start exit opps, while still popular, are less common than other similar firms from what I've seen. But a lot more data-type exits (E.g. Data scientist) into tech companies
OW if your a pre-MBA and Deloitte S&O if your post-MBA. The MBA sponsorship is a game changer; also Deloitte has a lot of great internal exit opportunities that would probably be more attractive to a mid-career person. OW on the other hand gives you better access to finance exit options for those willing to grind it out for a few more years.
Can you expand upon these finance exit options? It would make sense given their specialism but I personally haven't seen it play out on LinkedIn scans with strong finance exit opps
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