McKinsey & Company Going to interview for a Principal role at Oliver Wyman Strategy practice - any insight as to how they are doing internally? My perception is that they prob aren’t competing well w McKinsey & Company Bain BCG since they don’t really have strategy heritage. The pay is on par and they’re selling path to partner. I’ll ask some pointed questions anyway.

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Posting as :
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1. they do have strategy heritage

2. they are growing well in some regions

3. they have diversified significantly beyond just FS

4. it’s not inconceivable they’ll catch Bain in terms of revenues & brand/credibility

5. unless you’re currently a senior EM at McK, then Principal is quite a significant step up

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EM - AP prospects are low / risky, I’ve seen APs with a decade in Mck get pushed out for a slow 6-12 months, and I feel that could easily be me down the track

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F&R is strong and competes well with MBB

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I’ve heard most of OW is still risk work in FS - strategy is prob hit and miss depending on partner relationships - no diff to other firms except the brand doesn’t have as much weight esp for similar rates in market. If I was an exec why would I pay OW rates for strategy when I can pay the same for MBB and get the stamp I need

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What’s your current level and why are you wanting to make this switch?

OW grew 1% in US last year, think that’s all the info you need :)

I work with them and they publish those numbers on regional levels internally :) Most growth comes from Middle East, overall OW just a different approach and business model, which I’m sure you are aware given your seniority. Happy to give you more context via DM

OW grew 9% last year, some industry areas are currently sold out, they have a solid growth trajectory which cannot be said for McK, and the type of growth at BCG might give one pause. They definitely compete with MBB on certain topics. I think it depends on your specialty, which is always the case.

Agreed

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OW has a strong payments strat practice too

They hired tons of First Annapolis folks from Accenture a while back to build up the practice & poached MBB folks too.

Hi OP, how did your interview went? I’m in the similar situation. Up for a chat?

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