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I'm not doing well 🥺🥺
Good luck my colleague. Do not hesitate to ask for help e.g., the employee assistance program (hotline 24/7)
I don't really feel like my opinions/thoughts matter that much. I ask to get on projects to try to become more well-rounded, and I get placed on whatever my TM feels like. "Getting to try different things" is more like "Ruled by staffing's whims"
Projects have been pushing consultants harder and harder. We work 25-30% more and get 1 "recharge" day off every few months to compensate for an additional ~100 hours worked per month. It's a nice gesture but does not really make up for it.
Also since it's hard to get onto projects you want to get on to, I feel like my skillset is becoming stagnant. Spending 60-70 hours a week on a project to not develop just does not make sense to me.
Voice not being heard + more and more stressful work + perceived lack of development = inclination to leave
Of my ~50 person start class from 2019, 10 have left in the past couple of weeks, and I am trying to find my way out as well.
OP, have you seen something similar at Bain? Or is this an OW-only thing?
Agree heavily with your first point about the staffing model. Talent Management pushes a narrative that your staffings are based upon a wholistic development of your consulting skills. But when it comes down to actually staffing you, “the business need” is ultimately what takes priority, not your development.
A big appeal of this type of work is the ability to build a diverse skillset across of a variety of industries. This even more so when many of the traditional perks of consulting have been put on hold by the pandemic.
If I’m not getting that growth, it’s hard for me to justify staying at this firm or in this industry.
Doing fine on the metrics that really matter 😜
Oliver Wyman is no longer the same firm I joined, and that’s a real shame IMO. Cost-cutting this and laying off that, but don’t worry another rebrand!
As a member of the graphics team I can attest to this. Somehow the turds all seem to float to the top in terms of the product and the personnel. Looking for an exit ASAP.
Best color scheme imo
B&w was the best. Clean , minimal all that jazz
You don’t have to “feel” anything. It’s part of a publicly traded company and you can look up their revenue quarterly. Revenue was down 7% in the last fiscal year.
OW1 that’s fair, but not sure in the new normal we are anywhere near going back to the travel/expenses we had pre-COVID. Also I can tell you BCG (wife works here) and Alix had revenue growth despite limited pass throughs in 2020.
The way I see it - we had a less then stellar COVID year, are back on track now. Rest is standard ‘grass is greener on the other side’ talk I feel - but to each their own.
I literally love working here tho...everyone is working really hard because we are hot rn 🔥
Thought this was an APR thing only, is such a sentiment being felt across regions too?
Heard their FS practice is bringing in more business than ever before.... seems to be 1 2 contest with McK
FS is absolutely doing great to the point of burning out all of our people. My issue is while we continue to excel at FS, we consistently getting treated worse - worse WLB, benefits, pay, and progression (though many will argue about progression since we don’t have an up or out model).
Idk about the firm, but I like working here. Have no desire to leave unless fired or laid off.
I love working at OW. The people are brilliant but humble, leadership really cares, and we produce great work. I’m bullish on our future. I don’t think one year’s worth of stats show the full picture.
It’s been a hard year but we did well. But like everywhere we’ve been working hard and some staff are burning out (if that’s not obvious from some posts above). I think junior level staff in particular feel disconnected with WFH. We’re working on it!
Good question. How are our competitors growing so we have a benchmark to compare against?
BCG has grown 12% on average over the last 10 years; source: https://www.consultancy-me.com/news/2686/bcg-boosts-revenues-to-85-billion-on-back-of-14-percent-growth
If you look at employee growth (Linkedin) data over the past two years as a proxy:
OW: +9%
McK: +11%
BCG: +22%
Bain: +25%
S&: +13%
Just as a rough benchmark
OP has given up on catching McK and Bain, resorting to defending 3rd place with Tier 2 smack-talk 😉
Damn it. Was wondering why I wasn’t getting any likes😥
Many of my friends at the firm are planning on leaving/ looking for new jobs. Ig that’s the same across all consulting firms but I don’t know if it’s more at OW
Chief
Great question Op
It is clear 2020 was a difficult year for top line, there are different reasons, including less inorganic activity that “buys” revenues, some less profitable top line growth of some of our competitors, etc. Said this it was overall a disappointing year, good news is I believe we are having a great start of the year, so hopefully turned the corner!