Boston Consulting Group

The Boston Consulting Group
Type Founded Headquarters Key people Industry Products Revenue Employees Website Partnership 1963 63 offices in 37 countries Hans-Paul Bürkner, President & CEO Management consulting Management consulting services 2006: US$1.8 billion about 4,100 consultants

The Boston Consulting Group (BCG) is a leading management consulting firm founded by Harvard Business School alumn Bruce Henderson in 1963. He left HBS ninety days before graduation to work for Westinghouse, where he became one of the youngest vice presidents in the company's history. He would leave Westinghouse to head Arthur D. Little's management services unit before accepting the challenge from the CEO of the Boston Safe Deposit and Trust Company to start a consulting arm for the bank. In 1965 Henderson thought that to survive, much less grow, in a competitive landscape occupied by hundreds of larger and better-known consulting firms, a distinctive identity was needed, and pioneered "Business Strategy" as a special area of expertise for BCG. As his client list grew, Henderson targeted the nation's best business schools. At some point he was said to have eclipsed McKinsey as the top recruiter at Harvard, aggressively wooing its best students with high salaries and the chance to make a difference in a cutting-edge firm. He encouraged the brilliant young minds he hired to come up with innovative ideas that were meant to dazzle hardened corporate veterans.

and focuses the majority of their recruiting effort to schools such as Instituto Superior Técnico. BCG recruits MBA graduates to join as Consultants from the world's top business schools. Its purpose is 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. Recruiting BCG typically hires for an Associate or a Consultant position. Berkeley Haas. Yale. and Mercer Management Consulting. There is also an opportunity to join as a Summer Associate or Summer Consultant . so that the employees could take the company independent from The Boston Safe Deposit and Trust Company. Whilst so called "lateral hires" as Project Leader. Penn/Wharton. Tuck. Competitors Today BCG competes principally with McKinsey & Company and Bain & Company. and its current CEO is Hans-Paul Bürkner. In 1998 BCG created The Strategy Institute.In 1973 Bill Bain and others left BCG to form Bain & Company. Darden. MIT Sloan. Duke and Columbia. Chicago. Kellogg. Booz Allen Hamilton. The Boston Consulting Group (BCG) ranked 8th overall and first among smaller companies in Fortune Magazine's 2007 "100 Best US Companies to Work For" survey. it is not the norm. INSEAD. and two years later Henderson arranged an employee stock ownership plan (ESOP). Stanford. Harvard. based on strong employee development. Manager or Vice President are possible. The buyout of all shares was completed in 1979. The Boston-based firm is among the largest management consulting firms worldwide. Other competitors include Monitor Group. a supportive culture. and progressive benefits. BCG has 63 offices in 37 countries.

BCG created and popularized the "growth-share matrix". ~70% of whom accept . . Typically. "Cash Cows". The corporation would categorize its business units as "Stars". and then allocate cash accordingly.(internship) position for 10 weeks. and "Dogs". The chart was popular for two decades and "continues to be used as a primer in the principles of portfolio management.000 resumes every year for the Associate position. "Question Marks"." as BCG says. which for the majority of interns will result in an offer for full-time position. While applications vary from year to year. moving money from cash cows toward "stars" and "question marks" that had higher market growth rates. insiders estimate that BCG North American offices receive around 10. 1 to 2% of candidates are extended an offer to join the firm. a simple chart to assist large corporations in deciding how to allocate cash among their business units. and hence higher upside potential. In the 1970s.ratios that are considered in line with competitors McKinsey & Company and Bain & Company. BCG growth-share matrix The growth-share matrix chart.

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