OW FS practice is heavily focused on credit risk/ stress-testing models. I would say Strategy& is of higher prestige. In addition to this, Strategy& would have higher remuneration, more diverse projects and a stronger toolkit to help you succeed in your role.

 

Yep - will shed some updated insider light on Strategy& here in London.

  • The firm has been growing. Growth has come from PwC partners networking Booze in with their connections leading to a strong increase in new clients & projects.

  • The so called 'brain drain' was due to auditing legal issues which meant some partners had to leave, HOWEVER the laws have just changed (use to have to wait 20 years since auditing clients - has now halved to 10) talent has been returning.

  • Bain took 38 people out of 5k applicants; Strategy& took 9 people out of 4k applicants. OW took 26 people out of 3k applicants. Strategy& is still incredibly selective.

No one likes change. Give it time before judging

 
Best Response

1) Congrats on the offer at Strategy&... I noticed you've commented on every thread on this forum because you're now an expert. 2) The consulting industry in general is growing - MBB is growing, Big 4 are growing, Boutiques are coming out of nowhere. The question is in what direction is Strategy& growing: are they taking on interesting, prestigious strategy projects, or are they taking on more operations/implementation type projects that they are just throwing bodies at? 3) PwC has had plenty of time to integrate Booz (not "Booze") and frankly speaking, have botched the integration. For a look at a successful strategy integration into a Big 4, look at Monitor Deloitte. PwC internally promoted too many of its homegrown types (read: nowhere near as intelligent) into Booz, which already had a strong and tight knit culture. Result was a lot of the original talent from Booz is now gone. 4) Every strategy firm is competitive, but the numbers themselves don't tell you anything. For example, under that scenario, you could've had the same 3k people apply to OW, Strategy&, and Bain. Hypothetically, the top 38 take Bain, OW takes the next 26 and Strategy& is left with the next 9, leaving Strategy& with the worst talent pool. While that's probably not the case, numbers alone are hardly an indication of competitiveness.

 
aspiringchimp:

1) Congrats on the offer at Strategy&... I noticed you've commented on every thread on this forum because you're now an expert.
2) The consulting industry in general is growing - MBB is growing, Big 4 are growing, Boutiques are coming out of nowhere. The question is in what direction is Strategy& growing: are they taking on interesting, prestigious strategy projects, or are they taking on more operations/implementation type projects that they are just throwing bodies at?
3) PwC has had plenty of time to integrate Booz (not "Booze") and frankly speaking, have botched the integration. For a look at a successful strategy integration into a Big 4, look at Monitor Deloitte. PwC internally promoted too many of its homegrown types (read: nowhere near as intelligent) into Booz, which already had a strong and tight knit culture. Result was a lot of the original talent from Booz is now gone.
4) Every strategy firm is competitive, but the numbers themselves don't tell you anything. For example, under that scenario, you could've had the same 3k people apply to OW, Strategy&, and Bain. Hypothetically, the top 38 take Bain, OW takes the next 26 and Strategy& is left with the next 9, leaving Strategy& with the worst talent pool. While that's probably not the case, numbers alone are hardly an indication of competitiveness.

I was going to comment on this, but aspiringchimp pretty much nailed it. @ella123" you seem to be posting on quite a few consulting posts with incredibly inaccurate information. Congratulations on the internship, but you should try to learn a wee bit more about the industry instead of simply shooting from the hip.

 

Take OW if you want to be sure you've got a job in 5 years. Strategy& is barely growing if not shrinking and they're the joke of the industry at the moment. OW will work you hard though, hours are very long and not encesssrily super exciting. Don't mind Ella with her strange numbers game. The initial pool of Strategy& is weaker, the recruits that accept an offer are most likely weaker, and the percentage of recruits that accept and offer is likely lower. Count your blessings, congrats on hiring 9 people where the rest of the industry is growing at incredible rates

 

Delectus non ipsa iste ducimus necessitatibus. Commodi aliquid doloremque nisi ut quis quia. Dolorem eveniet ut velit ratione. Deserunt recusandae laboriosam aut earum.

Autem in incidunt laboriosam sint quidem similique. Hic et asperiores nihil recusandae in voluptas eius. Veniam modi assumenda est magnam dignissimos neque a repellat. Dolorem debitis eligendi qui maiores aut. Odit dolor itaque sit incidunt similique aspernatur.

Cumque rem est et temporibus. Quae quaerat ipsum qui quod. Aliquam rerum eveniet fuga totam.

Career Advancement Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

March 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”