BOSTON CONSULTING GROUP (BCG) Since its inception, BCG has been a thought leader in business strategy. The firm enjoys bragging rights to a long line of CEOs, partners, and senior consultants who have been major voices in the grand scheme of management consulting.
The firm was founded by as part of The Boston Safe Deposit and Trust Company. Henderson, a alumnus, had previously been employed at.
In 1973 and others left BCG to form, and two years later Henderson arranged an (ESOP), so that the employees could take the company independent from The Boston Safe Deposit and Trust Company. The buyout of all shares was completed in 1979. In 1998 the firm created The Strategy Institute, to enrich the firm's strategic thinking by applying insights from a variety of academic disciplines to the strategic challenges facing both business and society. The Boston Consulting Group (BCG) ranked 8th overall and 1st among smaller companies in 's 2007 '100 Best US Companies to Work For' survey. BCG typically hires for an Associate or a Consultant position, recruiting MBA graduates from the high-ranking business schools. There is also an opportunity to join as a Summer Associate or Summer Consultant (internship) position for 10 weeks.Insiders estimate that BCG North American offices receive around 10,000 resumes every year for the Associate position. Typically, 1–2% of candidates are extended an offer to join the firm, 70% of whom accept—ratios that are considered in line with competitors.After a two year tenure, some associates choose to stay for a third year as Senior Associates and have the opportunity to work abroad in a foreign office through BCG's Associate Exchange Program.
Many Associates are also sponsored by the firm to attend business school and rejoin the company afterwards as Consultants. As is typical for the top strategy consultancies, BCG practices an ' or 'forced attrition' system, in which employees must leave the company when they fail to achieve a promotion within fixed time-frames.
Interview processBCG uses the case method to conduct interviews, which is an interview technique designed to simulate the types of problems inherent in management consulting and to test the qualitative and quantitative skills deemed important for abstract thinking in a business setting. The first round of interviews consists of two 30 minute cases with BCG consultants.
Successful candidates may be passed on to the second round corresponding with a regional office. The second round consists of three 30–45 minute interviews with partners from that office in a similar format to the first round interviews.
BCG has built a network of companies that complement its management consulting skillset. BCG PlatinionBCG Platinion cover the tech and human-centred design side of digital transformations. BCG Digital VenturesBCG DV partner with companies to research, design and launch new products and services. BCG GammaBCG Gamma apply data science, analytics and artificial intelligence to find competitive advantage. BCG OmniaBCG Omnia is the firm’s asset-based or product division that supplements the firm’s core consulting business with software and data products, and in some cases provides them directly to its clients.
Every year, BCG publishes articles, industry reports, government commissioned studies and books relating to particular industries or authorial practice areas. Many partners have written books on management issues, including:. Silverstein, Michael J.; (2003),.
A Business Week Bestseller and Berry AMA book prize winner. Andrew, James P.; Sirkin, Harold L. Payback has become a staple in the MBA curriculum. Evans, Philip; Wurster, Thomas S. (2000),.
Silverstein, Michael J.; Butman, John (2006),. Duck, Jeanie Daniel (2002).