Oliver Wyman Engagement Manager Salary & Career Path
2025 DataUS5-9 years
Total Compensation
$310,000
$265,000 - $373,000
Time to Promotion
2-3 years
to Associate Principal
Work Hours
55-75 hours
50-70% travel
What Does a Oliver Wyman Engagement Manager Do?
Manages day-to-day client relationships and case team operations. EMs are responsible for project delivery, team development, and synthesizing findings into recommendations.
Key Responsibilities
- Manage entire project teams
- Own client relationship at day-to-day level
- Synthesize workstreams into cohesive story
- Coach and develop team members
- Ensure quality and timely delivery
Oliver Wyman Engagement Manager Compensation (2025)
All figures are estimates based on publicly available data and may vary by office location, individual performance, and market conditions.
| Component | Low | Mid | High |
|---|---|---|---|
| Base Salary | $210,000 | $230,000 | $255,000 |
| Performance Bonus | $55,000 | $80,000 | $118,000 |
| Total Compensation | $265,000 | $310,000 | $373,000 |
Career Progression at Oliver Wyman
Analyst
Consultant
Engagement Manager
Principal
Partner
Senior Partner
Years to Partner
10-14 years
Promotion Rate
65-75% promoted to next level
Work-Life Balance
Hours/Week
55-75 hours
Travel
50-70%
Remote Policy
Client-driven with hybrid flexibility
Exit Opportunities
Strong FS exit opportunities. 15-40% for industry roles.
Financial Services LeadershipInsuranceBankingRisk ManagementFintech
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Frequently Asked Questions
What is the total compensation for a Oliver Wyman Engagement Manager?
Oliver Wyman Engagement Managers typically earn $265,000-$373,000 in total compensation (2025). This includes a base salary of $210,000-$255,000, plus performance bonuses of $55,000-$118,000. Note that compensation varies by office location and individual performance.
How long does it take to get promoted from Engagement Manager at Oliver Wyman?
At Oliver Wyman, Engagement Managers typically spend 2-3 years before promotion to Associate Principal. The typical path at Oliver Wyman is: Analyst → Consultant → Engagement Manager → Principal → Partner → Senior Partner. Approximately 65-75% promoted to next level advance to the next level. Performance reviews occur annually, with promotions typically happening at set cycles.
What are the best exit opportunities from Oliver Wyman Engagement Manager?
Oliver Wyman Engagement Managers have excellent exit opportunities. Common paths include Financial Services Leadership, Insurance, Banking. 15-40% for industry roles. Strong FS exit opportunities. Oliver Wyman's brand recognition and network make it easier to transition to senior roles in these industries.
How does Oliver Wyman Engagement Manager salary compare to other consulting firms?
Oliver Wyman Engagement Manager compensation is competitive with other strategy consulting firms. MBB firms (McKinsey, BCG, Bain) typically pay 10-20% more than Big 4 strategy arms and boutique firms at the same level. However, work-life balance, culture, and exit opportunities may vary. Consider total package beyond just salary.
What does it take to reach Engagement Manager level at Oliver Wyman?
Reaching Engagement Manager at Oliver Wyman requires 5-9 years of experience. Key success factors include consistent high performance, developing client relationships, mentoring junior staff, and demonstrating leadership on engagements. Approximately 65-75% promoted to next level at each level, making advancement competitive but achievable with strong performance.
Related Career Paths
Disclaimer: Salary and compensation data are estimates based on publicly available information including Glassdoor, LinkedIn, and industry reports. Actual compensation may vary significantly based on office location, individual performance, market conditions, and negotiation. This information is provided for informational purposes only and should not be considered as guaranteed compensation.