Health & Life Sciences Summer Associate

Company:

Oliver Wyman

Description:

MBA 2027 Summer Associate (Internship)

Health & Life Sciences Practice

About Us

Oliver Wyman is a global leader in management consulting. With offices in 70+ cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Our almost 7,000~ 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 is a wholly owned subsidiary of Marsh McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com.

Job Specifications

Job Title: 2027 Summer Associate           

Department: Health & Life Sciences Group

Office/Regions: Boston, Chicago, New York, San Francisco

The Practice

The mission of our Health & Life Sciences (HLS) practice is to “transform healthcare through the relentless pursuit of a better way.” We partner with C-suite executives and senior management teams across various sectors, including Health Insurance, Health Services, Retail Health, Pharmaceuticals, Biotechnology, Healthcare Providers, Health IT, and Medical Devices. Our focus is on addressing strategic challenges that drive growth and optimize operational performance.

We are leaders in value-based, consumer-centric healthcare, concentrating our efforts on enhancing access, quality, experience, and cost. Our work supports the development of innovative treatments that significantly impact patients' lives.

Additionally, we operate the Oliver Wyman Health Innovation Center (OWHIC), which aims to develop and promote market-driven solutions to the challenges of high costs and poor quality in healthcare systems worldwide. Leveraging our deep healthcare expertise and a network of innovative leaders, OWHIC identifies and disseminates transformative ideas and practices. Our goal is to create a healthcare system driven by innovation and consumer needs, generating value for both companies and the public.

Our consulting approach is characterized by a blend of industry expertise, strategic orientation, analytical rigor, and implementation experience. As one of the fastest-growing practices within Oliver Wyman, we offer unique opportunities for talented individuals to make a transformative impact in the rapidly evolving healthcare market while advancing their careers in a meritocratic environment.

About The Role

As a Summer Associate, you will join our practice for a 10-week internship working in teams and directly with clients. This role offers exceptional growth opportunities for highly motivated professionals. Your initial responsibilities will include:

• Managing the execution of individual project modules, including hypothesis development, model creation, analysis, and conducting primary and secondary research to surface insights.
• Supporting our Partner group in project delivery through accurate and high-quality execution.
• Building and nurturing executive client relationships and presenting findings to diverse audiences.
• Collaborating with junior team members and peers to effectively leverage resources for senior project staff.

Desired Skills and Experience

The ideal candidate will serve as the primary contact for senior client executives and Oliver Wyman consultants on client engagements. We seek candidates who possess the following qualifications:

• Currently enrolled in a top-tier MBA program.
• A minimum of 3-4 years of experience in project-based, team-oriented environments.
• Proven track record of leading and managing teams while delivering results under tight deadlines in fast-paced, demanding settings.
• Strong conceptual problem-solving and analytical skills.
• Ability to apply in-depth content knowledge to provide thought leadership in project execution and develop new intellectual capital to support business development activities.
• Outstanding communication skills, with confidence in presenting to senior executives.
• Willingness and ability to travel regularly.
• Previous management consulting experience or experience in Health Services (particularly with insurers or providers) or Life Sciences is preferred.

Our Values & Culture

At Oliver Wyman, we value individuals who maintain a balance between work and personal life, as we believe this leads to more interesting colleagues and better contributions to the firm. We strive for excellence while maximizing the benefits of a flexible, project-based business model. We offer the ability to take career breaks for personal or family reasons and respect each other’s time, recognizing its value. Our culture is output-focused rather than input-based, and we are sensitive to personal decisions, ensuring that workloads are sustainable. We seek balance for ourselves and our colleagues.

Application Process

To apply, please submit your application directly via Oliver Wyman’s website (www.oliverwyman.com/careers). If we recruit at your school, please also apply through your school’s portal.

• Include your GMAT score on your resume.

Intern Compensation: The applicable pay for this role is $3,650 USD Weekly.

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.)

What to know even more? Keep reading.

Internship Experience: What to Expect

During your 10-week internship as a Summer Associate, you will have the opportunity to engage in a variety of enriching experiences designed to enhance your professional development and provide insight into the consulting industry. Here’s what you can expect:

Comprehensive Training Program

• Onboarding Orientation: Kick off your internship with an orientation session that introduces you to Oliver Wyman’s culture, values, and operational practices. You will meet fellow interns and key team members.
• Skill Development Workshops: Participate in workshops focused on essential consulting skills, including problem-solving techniques, data analysis, presentation skills, and client management. These sessions are designed to equip you with the tools necessary for success in your role.

Hands-On Project Work

• Client Engagement: Work on real client projects alongside experienced consultants. You will be involved in various stages of project execution, from initial research to presenting findings and recommendations.
• Team Collaboration: Collaborate with cross-functional teams, gaining exposure to different perspectives and expertise within the Health & Life Sciences sector. This teamwork will enhance your ability to work effectively in diverse environments.

Feedback

• Regular Check-Ins: Expect regular feedback sessions to discuss your progress, address any questions, and ensure you are on track to meet your goals.

Networking Opportunities

• Social Events: Participate in various social events and networking opportunities designed to foster connections with colleagues and other interns. These events may include team outings, happy hours, and informal gatherings.

Professional Development

• Capstone Presentation: At the conclusion of your internship, you will have the opportunity to present a capstone presentation to members of the practice and your peers. This presentation will showcase your key learnings, project contributions, and insights gained during your time at Oliver Wyman. It’s a chance to demonstrate your analytical skills and creativity while receiving constructive feedback from experienced professionals.
• Performance Evaluation: At the end of your internship, you will receive a comprehensive performance evaluation, highlighting your strengths and areas for growth. This feedback will be invaluable as you continue your professional journey.

Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow us on LinkedIn and X. Marsh 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 [email protected].