Oliver Wyman: full presentation

Oliver Wyman is a world leader in management consulting, created in 1984 in New York and belonging to Marsh & McLennan, a large American group with a strong historical identity in insurance brokerage. The firm is present in over 30 countries with offices in over 70 different cities. The Paris office was created in 1991, has more than 250 consultants and is a recognized leader not only in matters related to finance but also in aeronautics, construction, chemistry, transport, transport, retail and telecommunications in particular. Oliver Wyman is part of the challengers category, just like Roland Berger, firms that have (almost) nothing to envy the leaders that are McKinsey, The BCG or Bain. Some notable former employees of the firm are Jack Welch, former CEO of General Electric, or Steve Hemsley, former CEO of Domino's Pizza Group.

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A diversified service portfolio

Oliver Wyman's Paris office offers a diverse range of consulting services to clients in various sectors such as finance, transport, and healthcare. Its consulting team is expert in areas such as strategy, operations, risk management, and digital transformation. The firm's approach to consulting is based on a thorough understanding of the needs of its clients and a commitment to providing measurable results.

What career development?

The firm uses the following titles for the various consulting positions, although specific details may vary by local office:

• Associate
• Engagement Manager
• Principal
• Partner
• Senior Partner

The average length of service for each grade varies by office and region, as well as individual performance. In general, you can expect the average tenure for an Associate to be 2 to 4 years, while for a Partner, it could be 10 years or more.

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Particular attention to innovation

One of the key factors that sets Oliver Wyman apart is his particular focus on innovation. The firm has developed a range of cutting-edge tools and methodologies that allow it to provide tailor-made solutions to its clients. For example, its proprietary “Lighthouse” platform helps customers visualize and analyze complex data sets, while its “Velocity” approach to digital transformation helps organizations navigate the rapidly changing digital landscape.

Two examples of the concrete use of “Lighthouse” and “Velocity” by Oliver Wyman on client projects:

• Lighthouse: Oliver Wyman used Lighthouse to help a shipping company visualize and analyze data about its global logistics operations, which identified inefficiencies and opportunities for optimization.
• Velocity: Oliver Wyman worked with an insurance company to develop a digital transformation strategy, using the Velocity approach. This has involved identifying key technologies and strategic partners, as well as implementing innovative digital solutions to improve customer experiences and enhance operational efficiency.
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What international mobility?

Oliver Wyman consultants have the opportunity to work in various offices around the world thanks to international mobility. The firm has offices in North America (New York, Boston, Chicago, Chicago, San Francisco, Chicago, San Francisco, Toronto, Chicago, Chicago, San Francisco, Toronto, Mexico), Chicago, San Francisco, Toronto, Mexico), Chicago (New York, Boston, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago, Chicago This offers consultants the opportunity to work on international projects and to develop their experience in different sectors and regions around the world.

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What is Oliver Wyman's salary?

Gross annual salaries for each grade are also likely to vary by region and office. However, according to Glassdoor data, the average gross annual salaries for consulting positions at Oliver Wyman are as follows:

• Associate: 60,000 - 110,000 euros per year
• Engagement Manager: 95,000 - 135,000 euros per year
• Principal: 150,000 - 225,000 euros per year
• Partner: 300,000 - 500,000 euros per year
• Senior Partner: 500,000 - 1,000,000 euros per year

It's worth noting that these numbers don't take into account annual bonuses or other benefits, which can also vary based on a variety of factors.

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What corporate culture?

The three most defining elements of Oliver Wyman's corporate culture are collaboration, innovation, and social responsibility. Oliver Wyman encourages collaboration between his employees to promote professional development and project success. Innovation is also a key element of Oliver Wyman's corporate culture, which distinguishes itself with cutting-edge tools and methodologies to meet the needs of its customers. Finally, Oliver Wyman is committed to social responsibility, including by promoting sustainability in his operations and in his work for his clients, as well as by signing the United Nations Global Compact. The firm has also put in place internal processes to ensure the work-life balance of its consultants, in the same way as MBBs.

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A commitment to sustainability

Indeed, Oliver Wyman is very committed to promoting sustainability in his operations and in his work for his clients. The firm has a practice dedicated to sustainability, which helps clients develop and implement environmentally responsible strategies. In addition, Oliver Wyman is a signatory to the United Nations Global Compact and is committed to its principles on human rights, labor, the environment and the fight against corruption.

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What recruitment process?

Oliver Wyman's Paris office regularly recruits interns and permanent employees. To apply for an internship, candidates must submit a cover letter, a resume, and a copy of their transcripts. Shortlisted candidates are then invited to go through two rounds of interviews, each including a case study, with consultants and managers at the firm. Internships at Oliver Wyman offer practical experience in management consulting and allow interns to work on concrete projects for leading clients.

To apply for a permanent position, candidates must submit a cover letter, a CV and a copy of their diplomas. Shortlisted candidates are invited to complete three rounds of interviews, each including a case study, with consultants and managers at the firm. Oliver Wyman employees receive continuing education and professional development opportunities to help them advance in their careers.

Conclusion

Oliver Wyman's Paris office is a dynamic and innovative player in the French consulting market. With over 200 consultants, his diverse portfolio of services, his particular focus on innovation, and his commitment to sustainability have helped to establish his reputation as a trusted advisor to clients in a variety of sectors. As the firm continues to grow and evolve, it is sure to remain at the forefront of the consulting industry in France and beyond.

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