Related Posts
Favorite track off of 30?
Additional Posts in Consulting
Does anyone know if the same 401k rules apply at EY as Accenture so they will cap the contributions coming for your check say if you hit the yearly limits in August? So if you hit the 22,500 in 23 there is no way to go over for tax issues. Thinking to frontload next year contributions if market is down. EY
Anyone at Deloitte know how to view utilization?
Is UCLA MBA target?
New to Fishbowl?
unlock all discussions on Fishbowl.
FS is definitely half our projects (maybe slightly more), but you can do other things if you put in minimal effort (eg Transportation, Retail, Healthcare). A handful of US folks have also recently left to Google and Facebook so you can ignore the comment above from S&. However, I’ve heard S& pays fairly well at the manager level and we’re notorious for underpaying at that stage so something you should take into account (though that may be changing a bit as the firm reviews our pay grid for 2019).
S2 - Speaking from personal experience, which I assume is what you’re looking for, there basically was no integration. Some examples:
- I started on my own - no cohort, no class. Was left with zero context or guidance other than online training
- Did not get a career advisor until 2 months in
- Was told to ask questions and learn as much as I could about the OW way of doing things while under the apprenticeship model, only then to be told that I should not be asking such stupid questions at my level
- No training until 2 months in. When I finally got to tag along in the new consultant training, it was made apparent that new experience hires do not get certain perks that the new consultants get, as there is a special budget for them
- As a new experienced hire, I was expected to have the same level of context that a home grown consultant would have. I did not get anything close to the type of contextual guidance that a new consultant received, and was merely given poor feedback.
Of course this is not the experience that everyone has — I know people who have had amazing experiences with the firm and who love working there — but it is, matter of fact, the experience that I had at OW.
Also, don’t listen to my PwC colleagues. They’re all super bitter about it. Source: I used to be in PwC.
I really enjoy where I’m at. Both PwC and S& have been great to me.
+1 pretty embarrassing that some of them seem to miss how important strategy consulting units are.
I would go S& unless you like financial services. I’m obviously partial, but I’ve found that some companies’ strategy teams (Google BizOps for example) still only hire from S&, MBB and Deloitte. Also, if you’re interested in Deals, S& is a better place to be.
We have a ton of people going to Google BizOps... And FS is not half of our projects (and not the most interesting ones).
OW unless you hate FS
Oliver Wyman. I say this as a S& person
What you know about OW??
I can tell you about my firm - we have a ton of structural unfixable issues which can be ignored only if you have a great immediate team and project. The great team and project is not very difficult to find because our talent is in fact very good. We definitely have many more sectors you can work in apart from majorly FS and we have moved away from our rigid sector specific model . Business is also doing well x-sector (mostly). We have very supportive colleagues who genuinely want to help each other. But going back to my first sentence - we have A LOT of structural flaws which I am convinced are not going to improve ever however hard the leadership is currently trying to fix them. This answer has probably confused you more but I would like to put out both the goods and bads about us.
🙋🏻♂️
What has the world come to? It’s not even a fair comparison. S& without a doubt. In Europe depending upon the country, it may differ but in the US, it’s an easy choice.
Why do you say that?
OW.
I have worked at both OW and S&.
If you're joining as an undergrad, OW. If you're an experienced hire, S&. OW is terrible with integration of experienced hires (and they know it), but offers fast potential progression if you're joining as a consultant. S& definitely pays a lot more, has a more diverse talent pool, and better opportunities for x sector work, but has its own structural and culture flaws.
Some other points to note: OW is younger crowd, has a work hard play hard culture, free snacks and Friday happy hours in the office. S& offers much more structure, better training and more "formal/official" events, as can be expected from a large firm.
A1 Really? Glad you’re 0-3 years of experience had given you this wisdom 🙄
In Europe, Oliver Wyman is way better recognised. Don’t know about other geos, but not so strong I guess
Fink is nothing more than a bribed ranking. The firm that pays enough, gets a good positioning, nothing more nothing less.
OW
If you go S& do your diligence on your team, partners, etc. I got moved around so much between signing and starting my whole team changed, most of the Partners had jumped ship, and the pipeline of business had dried up. Aaaaannnnddd then I got laid off.
How long ago was this?
I worked at both PwC and S&, so perhaps you can lend me your ear in spite of what S1 says. I would caution against S& for many reasons (poor branding, potential to be integrated into PwC Advisory, etc.), but the biggest reason is its culture. S1 might tell you it’s nothing a culture task force can’t fix. Unfortunately, I don’t think the task force has been very successful so far. I am happy S1 has had a more positive experience, but I would not recommend the firm
Haha. Okay! Please leave then, make room for those who want to be there.
S& = dumpster fire with many layoffs but pays better; OW = harder to integrate exp hires but faster progression opportunities. Pick your poison.
OW whether or not you hate FS.
A1 Either way, you’re commentary was not very helpful and simply restated opinions from the thread.