Watson Wyatt advise over 70% of Fortune 500 Global companies with headquarters in Britain and have 6,300 associates across more than 90 cities globally. The firm advice on subjects such as mergers & acquisitions, the selection of investment managers and the reward and motivation of staff (human capital consulting).
The firm's four main consulting practice areas are:
- Investment
- Benefits
- Total Reward (human capital consulting)
- Insurance
Investment
[Edit]Watson Wyatt offer advice to institutional investors on all elements of investment strategy from the selection of fund managers to overall risk and liability management. The firm do not actively manage money, but are indirectly responsible for over 500 funds with assets worth more than $1 trillion.
Total reward
[Edit](Also known as human resources consulting)
Watson Wyatt offer advice on all aspects of employee reward from strategic and executive compensation to pensions.
Insurance
[Edit]Watson Wyatt's insurance practice offers technical advice to both 'Life' and 'Non-Life' Insurers, assisting with M&As, financial reporting, strategic planning, capital management, asset liability modelling, risk management and international accounting.
Benefits
[Edit]Watson Wyatt's benefits practice, offers pensions actuarial services, such as valuing pension scheme liabilities, and consulting companies on what benefits to offer their employees, e.g. the cost of providing private medical insurance or gym membership to its employees.
Training
[Edit]The firms makes sure all graduates become either a qualified actuary or a Chartered Financial Analyst (CFA). The company gives 40 study days off per year to help them achieve this.
Internships
[Edit]Watson Wyatt take interns into their three main consulting areas:
investment, total reward (human capital consulting) and insurance.
Locations
[Edit]The firm has offices in: Birmingham, Bristol, Edinburgh, Leeds, London, Manchester, Redhill, Reigate, Welwyn Garden City. The European headquarters is based in Reigate, Surrey and is a large campus.
Recruitment Process
[Edit]The recruitment process consists off:
- Online application
- Online tests - 1 verbal 1 numerical
Watson Wyatt out-sources its telephone interview process to a third party company, "GradWeb".
