What it does: Boston Consulting Group partners with business and society leaders to help those leaders tackle challenges and capture opportunities.
Mission: To provide business strategy and deliver integrated solutions through management consulting, corporate and digital ventures, and technology and design to help clients embrace transformational approaches for their growth, build sustainable competitive advantage, and drive positive social impact.
Size and presence: 25,000 global workforce, in more than 90 offices in over 50 countries and regions, and 11 billion US Dollars in annual revenue.
Best known for: Boston consulting group is best known for unlocking the potential of those who advance the world through its various consultancy services.
The good bits: One learns many useful soft and hard skills. A lot of exposure to smart people and opportunities to build networks. The management encourages and supports efficient and proactive employees.
The not so good bits: Employees that do not achieve promotion within a fixed time frame must leave the Boston Consulting Group.
Too much hard work may result in poor work-life balance.
In 1963, Bruce Henderson founded the Boston Consulting Group (BCG) as part of the Boston Safe Deposit and Trust Company. The company only advised clients from the parent bank. It took on external clients later and expanded with a Tokyo, Japan office in 1966.
In the year 1973, an employee of the company left BCG to start a competing firm in strategy consulting. It might have triggered the move by Henderson to initiate the gaining of BCG’s independence from the parent company in 1974. BCG became fully independent in 1979.
The Boston Consulting Group is today ranked among the most prestigious and largest management consulting companies in the world by reach, revenues, and the number of staff. In 2021, BCG had a revenue of 11 Billion US Dollars.
BCG has a diverse global community of employees with unique backgrounds and cultures. The team is united by common values and motivated to drive change, help clients solve problems, and transform the world.
The core values that drive the Boston Consulting Group work culture are integrity, respect for the individual, embracing diversity, putting clients first, providing strategic perspectives, delivering value, creating long-term partnerships, expanding possibilities, and believing in the social impact of BCG’s work.
Boston Consulting Group has developed employee resource groups to empower its global network of employees. The groups bring co-workers, peers, and mentors together. They create a safe space for employees to be in their authentic selves at work and experience growth and community. The groups also expand the thinking of BCGers and enrich their lives.
Boston Consulting Group hires for the associate and consultant positions. It also has summer internships for freshers, students, and graduates. The firm goes for top undergraduate colleges, business schools, and advanced degree programs.
Consulting interviews at BCG include a maximum of four case and behavioral interviews. The final round of interviews is two interviews with the firm’s partners. Interviewing involves an online assessment and then two rounds of interviews. There are two types of interviews at the company; skills interview, and problem-solving interview.
BCG touts its interviews as a “getting to know each other” process where interviewees get a chance to showcase their hard work, skills, and achievements while getting a better understanding of what working at the company is like. Valuable qualities to showcase at Boston Consulting Group interviews are intellectual curiosity, creative thinking, integrity, drive, and a collaborative mindset.
The company lists job opportunities on its website. There are also contacts on the website to use when making inquiries, such as for internships.
BCG employs fresh graduates from numerous disciplines. At the company, employees' views are respected and they get support to actualize their ideas. You get opportunities to learn hands-on in your local and international assignments, and access to innovative training programs.
The opportunities and work environment cause you to quickly gain the skills and experience that you need for success in the real world of business.
Landing an opportunity at Boston Consulting Group is, thus, a ticket to a bright future for your career. The company pays well and gives you chances to advance your career. It also encourages upward mobility within the company.
The average annual salary at the Boston Consulting Group is 6 lac INR. A Data Analyst at the company gets between 452,000 INR and 6,00,000 lacs INR. Customer service specialists are paid between 237,000 INR and 8,02,000 INR.
Boston Consulting Group is driving social impact and investing in a variety of causes, including advancing education in Africa through its Teach For All program, building resilience in Egypt's food system, and fighting the COVID-19 pandemic.
In 2021, BCG invested 320 Million US Dollars in social contributions and had a positive impact on more than 1.300 cases across the world.