2023 Vault Rankings
At a Glance
“Culture, challenge and compensation.”
“Knowing I'm supported by people who care about me.”
“Working with driven and like-minded folks.”
“Comp tends to be a little lower.”
“Lack of standardization across managers and projects.”
“Volatility in hours, ability to get into project/industry of interest early-on.”
About Oliver Wyman
Oliver Wyman is part of the Marsh & McLennan Companies (MMC), a global professional services network with brands and affiliates in more than 100 countries. The largest component of Oliver Wyman Group is Oliver Wyman, a management consulting business which has more than 4,000 consultants working out of offices in 60 cities spread across some 29 countries. Oliver Wyman Group also includes NERA Economic Consulting and the brand and innovation consultancy Lippincott.
The firm's consulting services cover sectors including automotive, aviation, aerospace and defense, communications, energy, media, financial services, industrial products and services, health and life sciences, public policy, retail and consumer products, and surface transportation. Its capabilities include digital, corporate finance and restructuring, operations, organizational effectiveness, risk management, strategy, and sustainability. Clients include numerous Global 1000 companies, more than 80 percent of the world's largest 100 financial institutions, and heads of Fortune 1000 companies.
Although Oliver Wyman is headquartered in New York, the firm has a very cosmopolitan flavor with a footprint on five continents. While the firm has strong roots in North America, more than half of its offices are located elsewhere. Further boosting the company's geographic and business reach are the opportunities for collaboration with the other companies owned by parent company MMC. Lastly, the company's staffing approach places consultants on projects based on expertise and development need, no matter their home office. Cross-pollination throughout the offices is the norm rather than the exception.
The firm is committed to supporting employee work-life quality and offers several programs for colleagues to recharge their batteries or pursue other interests. One example is the Non-Profit Fellowship program, in which employees can choose to work for a non-profit organization for three to six months, while the firm pays a stipend of up to 40 percent of their salary.
Oliver Wyman has also established long-term partnerships with select non-profit organizations to provide pro-bono consulting services. The list of organizations that Oliver Wyman has partnered with continues to grow, and details of Oliver Wyman's work are available through their annual social impact report as well as the Oliver Wyman For Society section of their website.
Experts at research
Oliver Wyman applies its deep industry expertise not only to client engagements but also to the many cutting edge reports they publish each year. For example, the firm has authored a "State of the Financial Services Industry" report every year since 1997, and their Oliver Wyman Health blog tracks "the business of transforming healthcare" with contributions from Oliver Wyman Partners and healthcare industry innovators.
In addition to a steady stream of articles that are regularly shared with clients, Oliver Wyman publishes seven journals annually which contain the firm's latest thinking on issues of importance to senior business leaders. For example, its annual Oliver Wyman Risk Journal has existed since 2011 and the Oliver Wyman Retail Journal has been published since 2012. The annual Velocity Journal captures the latest in transport, travel, and logistics. Additionally, the firm conducts research each year with the World Economic Forum - current projects include research on active investor stewardship and a multi-year initiative Balancing Financial Stability, Innovation, and Economic Growth (FSIEG). This collaboration brings together senior industry representatives and experts from prominent banks, insurance, fintech companies and the public sector. A key part of this review has focused on the appropriate use of customer data in financial services. Oliver Wyman also contributes to the work done by parent company MMC with the Forum and Zurich Insurance Group on global risks. The results are published in their annual "Global Risks Report," which identifies all the major global risks, assesses their economic impact, and recommends mitigation solutions.
The firm's partners regularly contribute articles and opinion pieces to financial and business publications such as the Harvard Business Review, Forbes, MIT Sloan Management Review, the Wall Street Journal, the World Economic Forum's Agenda blog, and the Financial Times. Oliver Wyman frequently highlights new reports and thought leadership on the Insights section of its website, in its Ideas app (available from the Apple App Store), on LinkedIn, and on Twitter.
1166 Avenue of the Americas
New York, NY 10036
Phone: (212) 541-8100
Employer Type: Public
Stock Symbol: MMC
Stock Exchange: NYSE
CEO: Scott McDonald
2020 Employees (All Locations): 4,500
New York, NY
60 offices across 29 countries
Aviation, Aerospace & Defense
Communications, Media & Technology
Corporate & Institutional Banking
Corporate Finance & Restructuring
Finance & Risk
Health & Life Sciences
Marketing & Sales
Operations & Technology
Retail & Consumer Products
Retail & Business Banking
Wealth & Asset Management