Pondering a move to Aus, preferably Melbourne but not married to the city.

Experience is 2+ years at OW, working solely in financial services. Currently a senior consultant and should be associate (junior manager) by mid ‘25.

What firms should I be looking at that do similar work and may be hiring for a similar role? Would also appreciate your comments on remuneration needed to live comfortably as a single person, no kids, who enjoys travelling.

Details on my experience in comments. Thanks!

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Oliver Wyman could be a good option, but reputation in Australia is worse than in other parts of the world. The team has doubled in the past years through the acquisition of a boutique, partner hires and, more recently, poaching most of the Public Sector team of Strategy& / Scyne

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Thanks for the insight!

Had a call with one of the partners recently and they mentioned that we are at or are over capacity. Does that sound about right? Might be practice specific I guess

Types of clients I’ve worked with: banks, development agencies, stock exchanges, clearing houses, central security depositories.

Types of projects I’ve worked on: risk management, sustainability (climate and nature), organisational structure, network performance management, pricing strategy.

Background: 4 year bachelors with honours, two master’s degrees. Various subjects, don’t want to say too much to identify myself right here.

Why not transfer with OW?

It is something I’m considering, but also open to switching firms if it makes sense to do so.

Which region have you worked in? F&R is big for OW in Aus, you will fit in. Sydney has a bigger office.

I didn’t know OW had a F&R presence in IMEA. Well comfortable is a relative measure. Someone flatting with friends and saving on accommodation cost could live on 120k quite nicely. Remember marginal tax rates are quite high…so for an Associate possibly 150k…means marginal tax of about 37% and overall tax burden of 28-30%. So 150k means 100k take home. It is hard to move away from IMEA to Aussie unless you are moving for immigration reasons.

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Hi again all, thanks for the help so far. I’ve run a little calc to determine what income I would require to maintain my current standard of living. Comes out to A$150K gross (not inclusive of Super).

What level pays this at MBB and the likes of OW?

Thanks!

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