Do you have a passion for healthcare? Do you want to have an up-close look on how the political landscape in Washington DC impacts the business of healthcare? If so, you may want to look into the Marwood Group. The Marwood Group is a small to midsize company with 3 locations that exclusively focuses on healthcare. Example focus areas for Marwood Group include regulatory & legislative outlook, reimbursement analysis, and performance improvement.
This article will share more about the Marwood’s Group specialization, career opportunities, and exit opportunities.
Firm Key Stats
Firm Website: www.marwoodgroup.com
Firm Headquarters: New York City
Firm Number of Employees: 120+
Firm Number of Locations: 3
Firm Chief Executive: John Moore
Firm Revenue: Undisclosed
Marwood Group History
Marwood Group was founded by John Moore and Ted Kennedy Jr. in 2000. Before founding Marwood Group, John Moore exhibited a strong passion for healthcare. Notably, he was a founding partner of one of the 15 largest health maintenance organizations (“HMOs”) in NY. Through his work at the HMO, John became aware of the information gap between Wall Street and Washington D.C. Marwood was founded with the goal of bridging the information gap. Today, Marwood Group has expanded to 3 offices and advises clients on health care regulation, policy, etc.
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Marwood Group Careers
A Marwood Group career will enable you to get a detailed understanding of the healthcare landscape. Specifically, as you have a Marwood Group career, you will learn about government policy, politics, reimbursement, and regulation. As you work at the firm, you will be able to work alongside SMEs with backgrounds working in the government, industry, or even investment banking. In addition, a Marwood Group career will enable you to work with a wide variety of clients. Clients you may serve include: financial sponsors (e.g., private equity firms), healthcare companies (e.g., providers and insurance companies), and asset managers / public equity investors.
Marwood Group Internship
The Marwood Group internship is a structured program that can give you an up close look at what it is like to work at the the firm full-time. Specifically, the internship affords you the opportunity to work on a project and build out your consulting toolkit. Skills you can develop include problem solving, qualitative and quantitative analysis, and executive presence. Interns will also partake in a resume workshop. At the end of the internship, each intern makes a presentation to senior management.
Practice Areas
Marwood Group practice areas align to each of Marwood Group’s solutions. Marwood Group practice areas include:
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- Regulatory & Legislative Outlook
- Reimbursement Analysis
- Institutional Research
- Strategic Advisory
- Market Research
- Clinical Quality & Compliance
- Performance Improvement
- United Kingdom & European Healthcare Advisory
- Financial Advisory
- Curated Healthcare News Platform
Industries
Marwood Group industries are limited in nature given Marwood Group’s specialization. Specifically, Marwood Group only specializes in healthcare.
Marwood Group Locations
Unlike the Big 4 which are global in nature, Marwood Group locations are limited. There are 3 Marwood Group locations, namely:
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- New York City
- Washington DC
- London
Career Path
Unlike firms like BCG, the Marwood Group does not publish its Marwood Group career path. However, there are anecdotal examples of individuals that have moved up within the company. Given firms may change their career path policy, it is helpful to clarify the specific career path with the Marwood Group recruiters. For example, one question you can ask if you need to get an MBA to move up in the Marwood Group.
Exit Opportunities
When moving on from Marwood Group, consultants have the best chance of landing a new role in:
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- Graduate school
- Working at another boutique consulting firm
- Working for a financial firm that focuses on healthcare
Notable Alumni
Marwood Group’s notable alumni include:
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- The CFO of Graphite Bio (LinkedIn here)
- The Head of Commercial Strategy at Arcade Therapeutics (LinkedIn here)
- VP of the Commonwealth Fund (LinkedIn here)
Target Schools
Per LinkedIn, the Marwood Group target schools include:
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- University of North Carolina (9 out of 155 employees on LinkedIn)
- Cornell (7 out of 155 employees on LinkedIn)
- Columbia (6 out of 155 employees on LinkedIn)
- New York University (5 out of 155 employees on LinkedIn)
Diversity Programs
Marwood Group does not disclose its diversity programs. If this is something that is important to you, it is a terrific question to ask in networking calls with Marwood Group personnel to show your interest in the company.
Marwood Group Culture
The Marwood Group has mixed reviews from past employees. Less than a third of respondents would recommend Marwood Group to a friend and about 60% approve of the CEO. Positive feedback includes smart and nice colleagues, while negative feedback lists low pay and at times difficult management. These would be key ares to explore in your interview.
Marwood Group Interview
The Marwood Group interview is similar to what you would find at other consulting firms. Specifically, there is a fit interview and a case interview. The fit interview may ask questions including:
- Why healthcare?
- Where do you see yourself in 5 years?
- Tell me about your current role?
- What interests you in healthcare?
- The case interview may include market sizing questions and profitability cases. There may also be a group interview component.
Given Marwood Group has a healthcare specialty, it is important that you exude your love of healthcare during the interview.
Firm Interview Process
Similar to other consulting firms, the Marwood Group interview is multiple stages. Depending on your university, the Marwood Group interview process may start with a phone screen and then move to in-person interviews. Given the interview process may differ by your university and how you apply (on-cycle or off-cycle), it is best to clarify the specific Marwood Group interview process with your recruiter.
Marwood Group Salaries
Per Glassdoor, the pay range for an associate at Marwood Group is ~$70-115K (~$60-100K bae pay and ~$10-15K bonus). The pay at Marwood Group is lower than the pay at other boutique consulting firms. For example, per Management Consulted’s annual salary report, MBB consultants generally make a $110,000-112,000 base and a $20,000-30,000 bonus. To get a comprehensive report on consultants’ salaries, see Management Consulted’s annual salary report here.
Conclusion
Therefore, if you have a passion for healthcare, Marwood Group may be a great fit. Unlike larger firms like Deloitte that have healthcare practices, Marwood Group exclusively focuses on healthcare. Areas Marwood Group focuses on include: regulatory outlook, reimbursement, and clinical quality. Marwood Group is a smaller firm with 3 locations in New York City, Washington DC, and London. However, some negative experiences from past employees and pay lower than you see with other consulting firms should be taken into consideration. If you want to prep for an upcoming interview with Marwood Group with an ex-MBB consultant, please see Management Consultant’s resources here.
Additional Resources:
- Top Consulting Firms of 2023
- Top 10 Boutique Consulting Firms in US
- Consulting Resume: Complete Guide
- Case Interview: Complete Prep Guide