Oliver Wyman

Oliver Wyman Company Profile

THE SCOOP 

Tracing the family tree

New York-based Oliver Wyman is part of the Marsh & McLennan Companies (MMC), a global professional services network with brands and affiliates in more than 100 countries. The largest component of Oliver Wyman Group is Oliver Wyman, a management consulting business which has more than 4,000 consultants working out of offices in over 50 cities spread across some 25 countries. Oliver Wyman Group also includes NERA Economic Consulting and the brand and identity consultancy Lippincott. 

The firm's consulting services cover the automotive, aviation, aerospace and defense, communications, energy, media, financial services, industrial products and services, health and life sciences, public policy, retail and consumer products, and surface transportation sectors. Its clients include numerous Global 1000 companies, more than 80 percent of the world's largest 100 financial institutions and heads of Fortune 1000 companies.

 

Global reach

Although Oliver Wyman is headquartered in New York, the firm has a very cosmopolitan flavor with a footprint on five continents. While the firm has a strong foothold in North America, more than half of its offices are located elsewhere, and more than 50 percent of its employees are European. Further boosting the company's geographic and business reach, meanwhile, is the fact that the other companies owned by parent company MMC are available, should opportunities arise for collaboration with Oliver Wyman. Lastly, the company's global staffing approach places consultants on projects based on expertise and development need, no matter their home office. Cross-pollination throughout the offices is the norm rather than the exception.

 

Nonprofit opportunities

The firm is committed to the concept of work-life balance and, as part of that commitment, it offers several programs for staff to recharge their batteries or pursue other interests. One example is the Non-Profit Fellowship program, in which employees can choose to work for a non-profit organization for three to six months, while the firm pays a stipend equivalent up to 40 percent of their salary. Since 2008, Oliver Wyman has had an alliance with micro-lending organization Kiva.org, operating a formal externship program that dedicates consulting staff to supporting Kiva's expansion. Oliver Wyman has a strong relationship with One Acre Fund, an organization which invests in farmers in Kenya, Rwanda, and Burundi to generate a permanent gain in farm income to reduce poverty and hunger. Additionally, consultants have collaborated with organizations such as the Clinton Health Initiative, Teach for India, United Way, Technoserve and Baseball for Peace, to name a few. 

Oliver Wyman has also established long-term partnerships with select non-profit organizations to provide pro-bono consulting services. For example, it has worked with Room to Read, which aims to transform the lives of children in developing countries by focusing on literacy and gender equality in education. The Boston, Stamford and London Symphony Orchestras, Junior Achievement, Women's World Banking, Vision Fund International, Trees for Cities, and Guiding Eyes for the Blind are all organizations for which Oliver Wyman provided assistance. The list continues to grow.

 

Experts at research

It's not enough for Oliver Wyman's consultants to know their industries-they have to know them well enough to be able to publish frequent reports on the state of those industries. For example, the firm has been putting out a "State of the Financial Services Industry" report every year since 1997, and in 2007 it began publishing a "State of the Communications, Media & Technology Industry" report. Since 2011 it has published an annual Oliver Wyman Risk Journal and since 2012 an annual Oliver Wyman Retail Journal. Additionally, the firm conducts research each year with the World Economic Forum and parent company MMC on global risks. The results are published in their annual "Global Risk Report," which identifies all the major global risks, assesses their economic impact and recommends mitigation solutions. 

The firm's partners are also regularly quoted in financial and business publications, and leading industry trade publications.

 

IN THE NEWS

May 2014

Inclusion and Diversity are Top of Mind

Oliver Wyman offices around the world declared May "Diversity Month" at the firm. Inspired by the United Nations General Assembly's declaration of May 21 as "World Day for Cultural Diversity for Dialogue and Development," the initiative provided an opportunity to deepen the understanding of the values of cultural diversity and spark conversations within the Oliver Wyman community. The firm's employee resource groups, EMPOWERED (Employees of Oliver Wyman Enabling Racial & Ethnic Diversity), GLOW (Gays & Lesbians at Oliver Wyman) and WOW (Women at Oliver Wyman) partnered to host daily events celebrating diversity along a number of themes, not limited to ethnic origin or cultural belonging. Hundreds of OW participants enjoyed activities ranging from breakfasts to charity races to forum discussions. Some even took to Twitter to continue the discussion under the hashtag #31PROUDDAYS. GLOW extended the celebration of diversity in June with a host of activities to support Pride Month.

 

January 2014

World Economic Forum

For the seventh consecutive year, Oliver Wyman was part of the Marsh & McLennan Companies delegation to the World Economic Forum's Global Annual Meeting in Davos, Switzerland. The firm launched key pieces of intellectual content at the gathering, which attracted over 3,000 global luminaries from business, government, academia, and entertainment. At a lunch attended by more than 60 C-suite executives, Oliver Wyman Financial Services released The Challenges Ahead, its 17th Annual State of the Financial Services Industry Report. Additional research work conducted in partnership with the Forum on infrastructure investment, The Infrastructure Investment Policy Blueprint, and a presentation assessing the global lessons from US healthcare reform were featured at two CEO breakfasts. In addition, ongoing research with the Forum pertaining to the role of financial services in society was featured at the financial services industry meeting.

Oliver Wyman views its relationship with the World Economic Forum as an important opportunity to contribute ideas toward the Forum's goal of "improving the state of the world." The firm is planning 3 additional research projects in 2014, in infrastructure investment, local capital markets, and the future of financial services.

 

July 2013

Oliver Wyman launches Inspiring Leaders Program for Women

Oliver Wyman launched a new leadership development and sponsorship program to help more of its talented colleagues progress into senior leadership roles in the firm. The program will initially focus on a select number of women consultants and their sponsors, but will expand in the future to a broader set of colleagues.

Participants were selected based on their potential for leadership; the cornerstone of the program will be working with senior colleagues in sponsorship pairs. The program represents a unique opportunity to develop a more robust peer network of like-minded leaders from across the firm. In addition, the insights, skills and relationships the participants gain from the program will help in the firm's ongoing effort to cultivate an inclusive culture, one where talent is recognized in many forms and where the firm and the participants support each other in achieving individual and collective success.

 

May 2013

Oliver Wyman helps boost the New York City Media sector

Oliver Wyman has been working closely with the New York City Economic Development Corporation (NYCEDC) to make New York City a more attractive location for media companies and digital entrepreneurs. At an event organized by Oliver Wyman and hosted by Mayor Michael Bloomberg, 50 CEOs of newspaper, publishing, TV, film, technology, advertising, and other media & digital companies gathered to focus on Bloomberg's MediaNYC2020 initiative to review the progress of this effort over the past four years. Since the MediaNYC2020 was initiated, NYC's media and tech jobs have increased by 5.5 percent and 30 percent respectively, while the U.S. averages moved down by 2.5 percent and up 1.5 percent over the same time period. 

 

April 2013 

Oliver Wyman launches Healthcare Innovation Center

The Oliver Wyman Health Innovation Center (OWHIC) is a collaborative group of cross-industry CEOs and senior decision makers, all of whom share a passion for dramatically improving healthcare. These senior leaders are committed to a clear and compelling purpose: Champion proven innovations in the market; envision market-based solutions to today's and tomorrow's challenges; and harness the power of convergence through extra-industry partnerships.

Oliver Wyman has long held the view that focusing on health, will lead to healthcare transformation. Accordingly, the Health Innovation Center envisions a future where consumers engage in their health supported by the best of retail services and social media, where doctors promote prevention rather than repair, hospitals treat diseases rather than one-off episodes, new players from different industries join in to support the patient in remarkable new ways, private capital flows to the best ideas that improve health-all coalescing to a point where value is the currency of competition, outcomes are better, costs are lower, and healthcare's decades-long downward economic spiral is reversed.

Since its launch, Oliver Wyman's Health Innovation Center (OWHIC) has been profiled in the media-along with the University of California's Center for Healthcare Quality and Innovation, GroupHealth Research Institute's MacColl Center for Health Care Innovation in Seattle, and the Center for Innovation at UNC-as an example of an organization dedicated to improving the cost and quality of healthcare through innovation. The coverage highlighted OWHIC's transformational, cross-industry approach.

Tom Main, an Oliver Wyman Partner and U.S. Market Leader for Health & Life Sciences, said OWHIC is "trying to accelerate the pace of change and build businesses that deliver what a sustainable future health market requires-radically better cost, quality, and consumer experience."

Read more about this initiative at clinical-innovation.com.

 

April 2012

Incentivizing Innovation

John Drzik, then-CEO of Oliver Wyman, launched the firm's first global Innovation Competition to promote innovative ideas that can both help clients and create internal business improvements for Oliver Wyman. The competition represents a unique opportunity for all employees at all levels and in all geographies to team with each other to develop and showcase new ideas while competing for prizes along the way. Five semi-finalist teams competing for the Grand Prize will also present their ideas live to the full Partner group at the Oliver Wyman Global Partner Meeting in London. The "Grand Prize" winning team will receive US$50,000 and substantial support to commercialize/implement their idea. Four "Runner Up" winning teams will receive US$10,000 and editorial/marketing or implementation support

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Oliver Wyman


1166 Avenue of the Americas
New York, NY 10036
Phone: (212) 345-8000
www.oliverwyman.com

STATS


  • Employer Type: Public
  • Stock Symbol: MMC
  • Stock Exchange: NYSE
  • CEO: Scott McDonald
  • 2014 Employees: 4,000

  • Employment Contact

    Visit Oliver Wyman's careers page


  • Major Departments & Practices

    Actuarial

    Automotive

    Aviation, Aerospace & Defense

    Business Transformation

    Communications, Media & Technology

    Corporate Finance & Restructuring

    Organization Transformation

    Energy

    Finance & Risk

    Financial Services

    Health & Life Sciences

    Manufacturing Industries

    Marketing & Sales

    Operations & Technology

    Public Sector

    Retail & Consumer Products

    Strategy

    Surface Transportation

    Sustainability

    Value Sourcing

Major Office Locations

  • New York, NY
  • Over 58 offices across 25 countries

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