Oliver Wyman - Financial Services - Senior Consultant/Associate

This role can be based in Boston, Chicago, New York, Washington DC

Job Specification

Financial Services consultants with 3+ years of experience in either a tier-one consultancy or substantial experience in a Financial Services firm.

Financial Services at Oliver Wyman

Oliver Wyman is the leading global management consulting firm that partners with the world’s foremost financial institutions to address their most significant challenges, delivering breakthrough impact during periods of unprecedented economic disruption and turmoil.

You will join the Financial Services Accelerator team where you may work across the wide variety of clients that we serve. Once you have built your expertise and consulting craft you can join one of our teams focused on serving the leading clients in their sector.  

Oliver Wyman stands out with deep financial services expertise, data-driven problem-solving, hands-on execution, and an entrepreneurial culture that drives real impact for clients.  We have practices that cover:

Corporate and Institutional Banking

We draw on a deep knowledge of our clients' businesses and our own in-depth industry research to develop sustainable strategies for corporate and institutional banking firms.

Insurance and Asset Management

We bring our expertise, strategic thinking, analytical insight, and innovation to create value for the leading property and casualty, life, and health insurers and reinsurers.

Retail and Business Banking

We advise leading banks, credit institutions, payments companies, and investment firms to design and implement business strategies aimed at serving consumer households and small and medium-sized businesses.

Finance and Treasury Management

We advise our clients on corporate finance and treasury strategy, integrated planning, cost takeout strategies, and operations, data, and technology transformation.

Risk Management for Financial Services

We support clients in developing strategies, governance, methodologies, processes, change management initiatives, and infrastructure to measure and manage the risks they face.

Wealth Management

Helping wealth managers and private equity clients achieve outsized impact through deep industry expertise, proprietary assets, and frontier thought leadership.

Digital Assets

We work with disruptors, incumbents, investors, and public policymakers to navigate and position themselves in the rapidly evolving digital assets landscape.

Financial Infrastructure, Technology, and Services

Oliver Wyman’s Financial Infrastructure, Technology, and Services (FITS) platform is dedicated to the service provider community active in financial services.

The Role and Responsibilities

Experienced professionals bring the know-how to make lasting change for our clients and our company. We are not typical 'management' consultants; we provide industry- and discipline-specific knowledge and expertise, which amplifies our impact and helps us shape the future for our clients. Oliver Wyman is a diverse, entrepreneurial, collaborative partnership of people who like to pursue new opportunities or build a unique franchise doing what they do best in a collegial and fun environment.

For us consulting is a team sport, and you will work alongside knowledgeable and motivated colleagues. You will break down complex problems into discrete tasks, identify the key aspects of a problem, and direct the focus to execute those elements. You will effectively plan and execute analysis, as well as identify the core issues in complex analyses, to craft suitable recommendations. You’ll work side by side with clients and your project team members to move projects forward and manage the execution of project modules to get the work done.

Your Attributes and Experience

The ideal candidate will have most of the following:

3+ years of relevant experience in Financial Services, ideally with a top-tier strategy consulting firm or with an industry track record of managing teams or work streams and delivering against tight deadlines in fast-paced and demanding environments.In-depth knowledge within the Financial Services industry; breadth across or depth within one of our practice areas is preferred.Undergraduate and/or advanced degree from a top academic program.Strong background in strategic problem-solving with demonstrable analytical skills.Outstanding communication skills; confidence in presenting to senior executives.Proactive initiative, seeking out opportunities to learn new skills and put the ones you’ve already got to good use.Creativity, ability to come up with novel ideas to solve our clients’ biggest problems.An aptitude for analytical work, like sniffing out clues in massive data sets or hunting down the key issues in a hugely complex problem.A willingness to work fluidly and respectfully with our incredibly talented team.A willingness to travel.

Why Work at Oliver Wyman?

Working as part of our global, entrepreneurial company, you’ll do meaningful work from day one. We’re looking for people who challenge the norm and constantly strive to build something new for the firm and the world around us. At Oliver Wyman, there's no "one size fits all" – we hire exceptional people and help them thrive through a built-in support network, flexible career paths, and no artificial barriers to advancement. We have a collaborative, supportive, and impactful team environment – we want you to bring your authentic self and enjoy working alongside diverse and down-to-earth colleagues who do serious work but don't take themselves too seriously.

Our Values & Culture

We’re serious about making Oliver Wyman a rewarding, progressive, enjoyable, and balanced place to work.

Self-starters and free thinkers who work well in a team

We are self-starting, motivated, energetic, and entrepreneurial about what we do.

Common aspiration, collective endeavor, shared success

We have the common aspiration to have an impact, leave a legacy, and change the world. We have no interest in running a steady-state business. We want to build, grow, and shape the environment around us.

Straightforward, open, respectful interaction

We value an environment where every member of Oliver Wyman is encouraged and expected to voice their opinion.

Opportunity without artificial barriers

We value merit and believe that to create a true meritocracy, we need to remove artificial barriers

How to Apply

If you like what you’ve read, we’d love to hear from you. If you’d like to learn more about the firm during your application process, please visit www.oliverwyman.com/careers.

Oliver Wyman is an equal opportunity employer.

Our commitment to diversity is genuine, deep and growing. We’re not perfect yet, but we’re working hard right now to make our teams balanced, representative and diverse.

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

Unrestricted U.S. work authorization is required for U.S. office locations. Oliver Wyman does not offer sponsorship for this position. Please note that CPT and OPT are restricted forms of work authorization

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 6,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.

Marsh McLennan and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

The applicable base salary range for this role is $135,000-195,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.

In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.