Oliver Wyman Senior Consultant Salary & Career Path
2025 DataUS5-8 years
Total Compensation
$242,000
$216,000 - $274,000
Time to Promotion
1-2 years
to Engagement Manager
Work Hours
55-75 hours
50-70% travel
What Does a Oliver Wyman Senior Consultant Do?
Experienced associates who have demonstrated strong performance. They take on more complex workstreams and begin developing engagement management skills.
Key Responsibilities
- Own complex workstreams end-to-end
- Coach and develop junior team members
- Build deep client relationships
- Lead client presentations
- Begin developing engagement management skills
Oliver Wyman Senior Consultant 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 | $178,000 | $192,000 | $208,000 |
| Performance Bonus | $38,000 | $50,000 | $66,000 |
| Total Compensation | $216,000 | $242,000 | $274,000 |
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
Preparing for Your Oliver Wyman Interview?
Practice with AI-powered case interviews and get instant feedback to land your dream role.
Frequently Asked Questions
What is the total compensation for a Oliver Wyman Senior Consultant?
Oliver Wyman Senior Consultants typically earn $216,000-$274,000 in total compensation (2025). This includes a base salary of $178,000-$208,000, plus performance bonuses of $38,000-$66,000. Note that compensation varies by office location and individual performance.
How long does it take to get promoted from Senior Consultant at Oliver Wyman?
At Oliver Wyman, Senior Consultants typically spend 1-2 years before promotion to Engagement Manager. 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 Senior Consultant?
Oliver Wyman Senior Consultants 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 Senior Consultant salary compare to other consulting firms?
Oliver Wyman Senior Consultant 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 experience is required to join Oliver Wyman as a Senior Consultant?
Oliver Wyman typically requires an MBA from a top business school plus 3-5 years of pre-MBA work experience. Strong candidates have demonstrated leadership, analytical ability, and industry expertise. Oliver Wyman values candidates with relevant industry experience.
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.