About Oliver Wyman

Tracing the family tree

New York-based Oliver Wyman is part of the Marsh & McLennan Companies, a global professional services network with brands and affiliates in more than 100 countries.  The largest component of  Oliver Wyman Group-a collective that also includes NERA Economic Consulting and the brand and identity consultancy Lippincott-is its management consulting business which has more than 3,000 consultants working out of offices in over 50 cities spread across some 25 countries. 

The firm's consulting services cover the automotive, aviation, aerospace and defense, communications, media, financial services, industrial products and services, health and life sciences, 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 Marsh & McLennan are available, should opportunities arise for collaboration with Oliver Wyman.

Nonprofit knocks

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 to 40 percent of their salary.  In addition, 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 been involved with the online person-to-person lending organization since its inception, when consultants participating in the firm's Non-Profit Fellowship program helped Kiva get its website off the ground, and has provided a steady stream of support for its subsequent expansion.  In fact, the current president of Kiva is an Oliver Wyman alum.

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.  In addition, Bill Wyman, one of the founders of the firm's founders, created Wyman Worldwide Health Partners, which strives to help improve primary health care delivery in rural, impoverished areas of Rwanda in eastern-central Africa.

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.  Additionally, Oliver Wyman conducts research each year with the World Economic Forum and parent company Marsh & McLennan 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

Sample Entries

July 2012

Oliver Wyman to send four employees to "One Young World" conference

Oliver Wyman is giving its employees a chance to help shape the future with the help of former US President Bill Clinton, Archbishop Emeritus Desmond Tutu, Arianna Huffington, Jamie Oliver, and many others at the 3rd annual One Young World Leadership Summit. The summit brings together global icons of business, social activism, politics, academia, and the media for the singular purpose of engaging the world's most influential young leaders to participate in shaping our global future.  As part of the firm's ongoing commitment to recruiting, developing and retaining its best talent, 2012 marks Oliver Wyman's participation in the summit for the second consecutive year, with the firm sending four employees to take part.

Scott McDonald named Oliver Wyman President

Scott McDonald was named President of Oliver Wyman. In this new role, Mr. McDonald will take on overall leadership for all of Oliver Wyman's management consulting activities, and will report to John Drzik, the CEO of Oliver Wyman Group and a member of the Marsh & McLennan Companies Executive Committee. Oliver Wyman Group includes NERA and Lippincott in addition to Oliver Wyman.

Nicky Dingemans Named Chief Human Capital Officer of Oliver Wyman Group

Nicola (Nicky) Dingemans joined Oliver Wyman Group as Chief Human Capital Officer (CHCO), reporting to John Drzik, CEO, and to Laurie Ledford, Chief Human Resources Officer of Marsh & McLennan Companies. Ms. Dingemans also joins the Oliver Wyman Group Management Committee, the Oliver Wyman Global Leadership Team, and the Marsh & McLennan Companies HR Executive Team. Based in New York, Ms. Dingemans will assume responsibility for all HC matters across the Oliver Wyman management consulting businesses in her CHCO role; she will also have HC oversight for Oliver Wyman Group.

June 2012

Ana Kreacic named Chief Knowledge Officer

Ana Kreacic was named Chief Knowledge Officer (CKO) of Oliver Wyman, reporting to Alan McIntyre, Chief Operating Officer. Ms. Kreacic is based in New York.  In her CKO role, Ms. Kreacic will develop and implement Oliver Wyman's vision for Research and Knowledge Management (KM) and will lead the firm's global community of Research and KM professionals. She will also lead knowledge-creation, collaboration, and innovation initiatives-across the firm and with external thought leaders-while managing related efforts in systems development and vendor management.

April 2012

Incentivizing Innovation

John Drzik, 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.

January 2012

Adding up the cost of the Volcker rule

An Oliver Wyman study found that investors in US corporate bonds could suffer a $315bn paper loss as a result of the implementation of the so-called Volcker rule, which limits banks' trading for their own accounts, a new industry-funded study argues. The study-which was conducted for the Securities Industry and Financial Markets Association, a US trade group-claimed that the losses would result from a sharp decrease in market liquidity.

December 2011

The firm announced its new Office Volunteer Day program, an initiative which allows for employees to take one paid day off each year to benefit a non-profit or charitable organization in the local community. Examples of projects undertaken so far include volunteers from the firm's Zurich office volunteering to clean debris from alp Riseten to help local farmers, and the Toronto office volunteering to plant flowers and trees around the Rouge Watershed, the largest natural city park in North America and a primary source of drinking water in Ontario.

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Oliver Wyman

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

Stats

  • Employer Type: Public
  • Stock Symbol: MMC
  • Stock Exchange: NYSE
  • President & CEO: John P. Drzik
  • 2012 Employees: 3,500

  • Major Departments & Practices
    PRACTICE AREAS
    Actuarial
    Automotive
    Aviation, Aerospace & Defense
    Business Transformation
    Communications, Media & Technology
    Corporate Finance & Restructuring
    Organization Transformation
    Energy
    Finance & Risk
    Financial Services
    Health & Life Sciences
    Industrial Products & Services
    Marketing & Sales
    Operations & Technology
    Retail & Consumer Products
    Strategy
    Surface Transportation

Major Office Locations

  • New York, NY

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