While Oliver Wyman's offer for new graduates is comparable to those of the MBB firms, I've learned that Advanced Degree Candidates (ADCs) may receive the same starting base salary as new graduates. In contrast, MBB firms typically offer ADCs a significantly higher starting base.
Given that ADCs are also generally new to consulting, what is the value proposition of joining OW versus pursuing non-consulting roles that offer similar compensation but better work-life balance?
Is it possible for ADCs to negotiate a higher starting base salary at OW, particularly to a level closer to MBB ADC compensation?
If ADCs do start at the same base salary as new graduates, do they progress more quickly through the structure and compensation?
For new graduates, the combination of similar pay and prestige makes Oliver Wyman an attractive option, but I am curious how ADCs should think about that trade-off.
PS: This question is not related to the separate recruiting pipeline for ADCs in Actuarial or Life Sciences.
