Mercer Oliver Wyman
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| Mercer Oliver Wyman | |
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| Type | Corporate Division |
|---|---|
| Founded | 1984 |
| Headquarters | 30 offices in 14 countries |
| Key people | John Drzik, President |
| Industry | Management consulting |
| Products | Management consulting services |
| Employees | 975 consultants |
| Slogan | Insight That Creates Impact |
| Website | www.mow.com |
Mercer Oliver Wyman (MOW) is a financial consulting firm specializing in financial services and risk management. Headquarters are in New York City with 29 offices in North America, Europe and Asia Pacific. MOW employs over 600 consultants and directors.
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[edit] History
The company was founded in 1984 by Alex Oliver and Bill Wyman as Oliver, Wyman and Company. In 2003, Oliver, Wyman and Company merged with the Mercer Management Consulting financial services practice to become Mercer Oliver Wyman. The current President of the company is John Drzik.
[edit] Domains
MOW is divided into domains including:
- Finance and Risk
- Retail Banking
- Corporate and Institutional Banking
- Insurance
- Enterprise Risk Consulting
- Strategic IT
[edit] Mercer Specialty Consulting
MOW is part of a group of five specialty consulting firms. Other companies in Mercer Specialty Consulting include:
- NERA Economic Consulting (microeconomic consulting)
- Lippincott Mercer (brand, image and identity consulting)
- Mercer Delta (organizational consulting)
- Mercer Management Consulting (strategy and operations consulting)
[edit] Comparison to Competitors
MOW was ranked as the 7th most prestigious consulting firm by Vault in both 2006 and 2007. In addition, MOW was ranked 3rd in financial consulting and 1st in compensation for the consulting industry in 2007. Consulting Magazine has ranked MOW one of the top 10 consulting firms to work for in both of the last two years.
[edit] Recruiting
MOW traditionally recruits primarily undergraduates and not MBAs. Unlike similar companies, it does not have a fixed length program for undergraduates, but instead believes in developing new hires to eventually take leadership positions in the firm. Relative to other consulting companies, there is an extremely fast path to become a director. The standard period for an undergraduate hire to become a director is six to eight years, with some making director just five years after graduation.
Because of recent growth in the business, the company has been increasingly recruiting experienced hires from other financial services companies in addition to undergraduates.
