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- Tasks: Support compensation strategies through analysis, reporting, and collaboration with finance teams.
- Company: Join Oliver Wyman, a global leader in management consulting with a strong reputation for excellence.
- Benefits: Enjoy hybrid work flexibility, professional development opportunities, and a diverse, inclusive workplace.
- Why this job: Be part of a dynamic team that influences top companies and drives impactful business decisions.
- Qualifications: 2-3 years in compensation or analytics; strong Excel skills; BA/BS degree required.
- Other info: Work in a fast-paced environment with opportunities for growth and learning.
The predicted salary is between 72000 - 108000 £ per year.
Oliver Wyman – Compensation Analyst – Boston
About Oliver Wyman
Oliver 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. Our 5000 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman’s thought leadership is evident in our agenda-setting books, white papers, research reports, and articles in the business press. Our clients are the CEOs and executive teams of the top Global 1000 companies. Visit our website for more details about Oliver Wyman: www.oliverwyman.com
Job Overview:
Oliver Wyman is seeking a Compensation Analyst to provide broad-based compensation support to advance strategic business objectives. The ideal candidate will have a strong attention to detail and possess excellent analytical and interpersonal capabilities.
Key Responsibilities:
- Conduct annual market pay analysis to ensure compensation programs remain competitive with the market
- Build quantitative models in Excel, including data gathering, data modelling and analysis to support business decisions.
- Participate in various surveys and gather anecdotal benchmarks
- Prepare reports and presentations for senior management
- Support the administration of the midyear and annual compensation review processes
- Work with Finance professionals to provide bonus accruals
- Assist in the development and implementation of compensation programs.
- Develop and maintain annual compensation communication materials
- Support special projects as necessary
Your Education and Experience:
- 2-3 years of experiences working in compensation, finance, analytics and/or human capital
- BA or BS degree or equivalent
- Excellent Excel and PowerPoint skills; experience with Tableau or similar data visualization tools a plus
- Your skills and abilities:
- Strong analytical and problem-solving skills with a commitment to accuracy
- Works collaboratively across different functions and effectively influences business partners
- Communicates effectively with diverse audiences at all levels in verbal and written form
- Thrives in a fast paced and changing environment
- Works well under pressure and ambiguity
- Ability to work with sensitive information and maintain confidentiality
- Maturity and professionalism
Your Additional skills that will give you an advantage:
- Experience with market pricing methodologies and surveys
- Expertise in different compensation models and structures
- Experience with Workday
Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow on LinkedIn and X.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
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Oliver Wyman - Compensation Analyst - Boston employer: Oliver Wyman
Contact Detail:
Oliver Wyman Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Oliver Wyman - Compensation Analyst - Boston
✨Tip Number 1
Familiarise yourself with Oliver Wyman's core values and recent projects. Understanding their approach to management consulting will help you align your skills and experiences with their expectations during any discussions.
✨Tip Number 2
Network with current or former employees of Oliver Wyman on platforms like LinkedIn. Engaging in conversations can provide you with insider insights about the company culture and the specific role of a Compensation Analyst.
✨Tip Number 3
Brush up on your Excel skills, especially in building quantitative models. Since this role requires strong analytical capabilities, demonstrating your proficiency in Excel during interviews can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with compensation analysis and market pricing methodologies. Be ready to share specific examples of how you've contributed to similar projects in the past, as this will showcase your relevant expertise.
We think you need these skills to ace Oliver Wyman - Compensation Analyst - Boston
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compensation, finance, and analytics. Use keywords from the job description to demonstrate that you meet the specific requirements for the Compensation Analyst role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and attention to detail. Mention specific experiences where you've successfully conducted market pay analysis or built quantitative models, as these are key responsibilities of the role.
Showcase Your Skills: In your application, emphasise your proficiency in Excel and PowerPoint, and any experience with data visualisation tools like Tableau. Highlight your ability to communicate effectively with diverse audiences, as this is crucial for the position.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential traits for a Compensation Analyst.
How to prepare for a job interview at Oliver Wyman
✨Know Your Numbers
As a Compensation Analyst, you'll be expected to handle data with precision. Brush up on your Excel skills and be prepared to discuss how you've used quantitative models in past roles. Bring examples of your work that demonstrate your analytical capabilities.
✨Understand Market Trends
Oliver Wyman values competitive compensation strategies. Research current market pay trends and be ready to discuss how you would conduct market pay analysis. Showing that you understand the industry landscape will impress your interviewers.
✨Communicate Clearly
Effective communication is key in this role. Practice explaining complex data in simple terms, as you may need to present findings to senior management. Be prepared to showcase your presentation skills, especially using PowerPoint.
✨Demonstrate Team Collaboration
This position requires working across various functions. Share examples of how you've successfully collaborated with finance or HR teams in the past. Highlight your ability to influence business partners and work under pressure.
