Expert with best answer


100% Recommendation Rate

2,602 Meetings

2,837 Q&A Upvotes

USD 319 / Coaching

Oliver Wyman Financial Services

Anonymous A asked on Jul 22, 2019 - 1 answer

Hi community,

I am preparing for the entry level consultant role in Oliver Wyman Financial Services and I have couple of quetions:

  • I don't have a Finance or Economics major and I don't have any work experience in the financial services industry. Would that be a problem? Do they expect you to know the industry well?
  • I have recently interviewed with Bain, should I expect similar case questions in OW FS? Or are the cases mainly focused on Financial Services?
  • Finally, how should I prepare for it? Do I have to do anything different than MBB preparation? (focusing on FS cases or taking some online courses about the industry etc.)

Your answers will be really helpful.

Many Thanks!

1 answer

  • Upvotes
  • Date ascending
  • Date descending
Best Answer
Content Creator
replied on Jul 23, 2019
#1 Expert for Coaching Sessions (2.600+) | 1.100+ Reviews with 100% Recommendation Rate | Ex BCG | 6+ Years Coaching Experience
Book a coaching with Francesco

100% Recommendation Rate

2,602 Meetings

2,837 Q&A Upvotes

USD 319 / Coaching

Hi Anonymous,

I replied below to your questions:

  1. So far that you have been invited, the case performance is the only thing that matters; this means that if you practice cases on the banking and insurance industries (likely to be present in the interviews) and develop a basic knowledge related to them you should be fine even if you don’t have an Economics/Finance background
  2. You will likely get financial sector cases but not necessarily that only. I interviewed with OW FS and I got questions related to banking, insurance and market sizing, however I helped several other candidates for OW FS and they also got questions related to other sectors. For more information please feel free to PM, I have 15+ case questions they recently asked
  3. Standard preparation similar to the one for MBB with a bit more focus on financial sector cases should be fine



Related BootCamp article(s)

Which companies are currently using written tests ?

All major firms like McKinsey, BCG and Bain use tests to assess a candidate's analytical skills. However the design of those tests can differ a lot.

Related case(s)

Your client, large automotive OEM WyCar, has developed its first fully electric vehicle (EV) and introduced it as a pilot on the Austrian market last year. However, sales have been far below the expected numbers. The management has engaged you to support them in understanding the reasons and advise ... Open whole case

Oliver Wyman case: Setting up a Wine Cellar

Solved 37.5k times
4.3 5 3321
| Rating: (4.3 / 5.0)

I’m thinking about setting up a wine cellar in my basement. The way I see it, shelf space would be divided into two sections: (1) a “drinking” section where I store bottles for my own consumption and (2) an “investment” section where I store bottles that I intend to sell at a profit after they appre ... Open whole case

Oliver Wyman case: On the Right Track

Solved 34.9k times
4.6 5 4153
| Rating: (4.6 / 5.0)

TrainCo is a manufacturer of rolling stock, or trains, with production sites in three European countries. The company has seen declining profitability over the past years; however, they are currently in a very good position to bid for and win a big contract for regional trains for a Swiss national r ... Open whole case