Company:Oliver WymanDescription:
MBA Summer Associate (Internship)Business Operations Practice
About Oliver WymanOliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com
Job SpecificationsJob Title: Summer AssociatePractice Group: Business OperationsLocation: Detroit, Dallas, Chicago, New York, Boston, Toronto, Washington DC
The Operations PracticeWe work with clients across industries to help them transform and optimize their operations through improving cost, quality, and delivery to become market leaders in their industry. We help them find strategic solutions to address the challenges they face, optimize their operating model to deliver the best service, and increase operational performance while controlling operating cost. We focus on developing solutions which can be immediately implemented in collaboration with clients' teams and can rapidly bring visible and sustainable results.We support our clients in improving the efficiency of their operations, through improving quality, streamlining cost, and improving customer value. From portfolio planning and new product development to manufacturing, distribution and servicing, we help clients solve their most critical issues. We partner with businesses across a broad range of industries and geographies to ensure their operations provide the best value and allow them to excel in the global marketplace.We typically start assignments with strategic questions, but our client relationships extend way beyond PowerPoint decks. Throughout our projects, we help our customers build their own capabilities and upskill their workforce, ensuring their people can collaborate independently, efficiently, and that their teams have sufficient agility to swiftly cope with disruption.To maximize value creation, we have developed a broad operations toolkit, including analytical and artificial intelligence-driven tools, a network of technical experts in our Oliver Wyman Engineers and CAVOK teams and benchmarking and best practice databases, like our annual automotive Harbour Report manufacturing productivity study. We combine this with our deep project expertise and proven methods and approaches.
About The RoleOliver Wyman's Operations team in North America is looking to hire Summer Associates to join its 10-week summer internship program. The team works with large corporations and private equity investors across a variety of operational topics including value sourcing, supply chain, manufacturing, and process improvement. At Oliver Wyman, we take a multi-specialist approach to our engagements, bringing teams comprising both deep industry and functional expertise, supported by proprietary approaches and a world-class network. This enables our clients to achieve differentiated results.
ResponsibilitiesWe are not typical 'management' consultants. We provide industry- and discipline-specific knowledge and expertise, which amplifies our impact and helps us shape the future for our clients.The team is looking for current MBAs who have experience working in or are interested in focusing on one or a subset of operational capabilities. These capabilities include: Supply Chain, Value Sourcing, Manufacturing, Process Improvement. If the candidate has experience in the following industries, it would be beneficial: Automotive, Aviation, Aerospace & Defense, Chemicals, Large Industrials.You will break down complex strategic problems into discrete tasks and identify the key aspects of a problem across various industries and services within Operations. You will effectively manage the execution of individual project workstream. This typically includes but is not confined to:
- Develop hypotheses and execute complex quantitative analysis, through conducting and analyzing primary (complex survey and interviews) and secondary research.
- Drive development of primary research tools (interviews, surveys, focus groups) and analysis/distillation of insights.
- Driving insights through analysis of large datasets.
- Driving the story line of workstreams.
- Manage and provide guidance to junior team members.
- Assist the partner team in developing future opportunities.
Desired Skills & ExperienceOliver Wyman is a diverse and entrepreneurial partnership of individuals who like to pursue new opportunities or build a unique franchise doing what they do best in a collegial, fun environment.Clients hire Oliver Wyman for specialized expertise, the ideal candidate will have most of the following:
- 2+ years of operations experience working in a preferred industry (e.g., Automotive, Aviation, Aerospace & Defense, Chemicals, Large Industrials)
- Knowledge and in-depth experience with customer research techniques (interviews, surveys, focus groups, etc.).
- A strong background in strategic problem solving with demonstrable analytical skills.
- Outstanding written and verbal communication skills in both formal and informal settings.
- Fluent in English.
- An undergraduate or advanced degree from a strong academic program.
- Know how to take the initiative, seeking out opportunities to learn new skills and put the ones you've already got to good use.
- Not just intelligence, but creativity too: you'll be ready to come up with novel ideas to solve our clients' biggest problems.
- An aptitude for analytical work, like sniffing out clues in massive data sets or hunting down the key issues in a hugely complex challenge.
- A willingness to work fluidly and respectfully with our incredibly talented team.
Our Values & CultureWe value people whose lives balance work and non-work activities because we believe they are both more interesting colleagues and are able to make better contributions to the Firm. We push ourselves hard to deliver excellence, but we also work to extract the maximum benefit from the flexibility of a project-based business. We provide the ability to take career breaks for personal or family reasons. We fundamentally value each other's time and are sensitive to how it is used. We are an output not input-based culture, have respect for people's personal decisions, and believe that one's workload must be sustainable. We seek balance for ourselves and our colleagues.
Intern Compensation: The applicable pay for this role is $3,650 USD Weekly.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.Unrestricted U.S. work authorization is required. Oliver Wyman does not offer sponsorship for this position. (Please note that CPT and OPT are forms of restricted work authorization.)