In 1967, Henderson met Bill Bain and offered him a job with the company. Bain agreed and joined him in 1967 with a starting salary of $17,000 a year. [7] [8] [9] In the early 1970s, Bain was considered internally to be Henderson`s later successor. However, in 1973, Bain left BCG to start his own strategy consulting firm, Bain & Company, and hired six BCG employees. [7] [8] At BCG, we have a simple statement that summarizes our broader goal as a global management consulting firm: unlocking the potential of those who move the world forward. We try to live our purpose through our work every day by focusing on five goal principles: The Boston Consulting Group (BCG) is an American global management consulting firm founded in 1963 and based in Boston, Massachusetts. [3] The company is the second largest consulting firm in terms of turnover. [4] It is one of the Big Three – the three largest and most prestigious management consulting firms in the world – along with Bain & Company and McKinsey & Company. The company was founded in 1963 by Bruce Henderson as part of the Boston Safe Deposit and Trust Company. Henderson had been recruited by Arthur D. Little to form the consulting arm, which operated as a subsidiary under the name Management and Consulting Division of the Boston Safe Deposit and Trust Company.

Initially, the department only advised the bank`s customers, with settlements for the first month being as low as $500. Henderson hired his second counselor, Arthur P. Contas, in December 1963. [5] In 1966, BCG opened its second office in Tokyo, Japan. [6] INVERTO is an international management consulting firm and one of the specialists in strategic purchasing and supply chain management in Europe. [35] The OCG uses the case method to conduct interviews. This technique is designed to simulate the types of problems inherent in business consulting and to test qualitative and quantitative skills considered important for abstract thinking in a business environment. [19] In general, the interview process consists of an online assessment and two consecutive rounds of interviews. [20] The Boston Consulting Group`s hiring process is widely regarded as one of the most difficult and selective in the world. [21] BCG pioneered corporate strategy when it was founded in 1963.

Today, we work closely with our clients to take a transformative approach that aims to benefit all stakeholders and enable organizations to grow, create a sustainable competitive advantage and have a positive societal impact. Our diverse, global teams are passionate about unlocking potential and driving change by providing integrated solutions through leading management consulting, technology and design, as well as digital businesses and enterprises. Insiders estimate that BCG`s North American offices receive approximately 10,000 resumes each year for the associate position. Counseling interviews typically include up to four behavioral and case interviews. The interviews of the last round usually consist of two interviews with the partners of the law firm. [14] In June 2021, BCG engaged with Saudi Arabia in another project where it was tasked with examining the feasibility of the 2030™ FIFA World Cup for the country. The offer was deemed very good as FIFA`s continental rotation policy prevented all Asian Football Confederation (AFC) nations from hosting the World Cup until 2034, after Qatar was set to become the first Middle Eastern nation to host the tournament in 2022. Saudi Arabia`s efforts to host some of the most important sporting events have been widely criticized by a number of human rights groups, citing the kingdom`s role in the deaths of thousands of civilians in the war in Yemen and its involvement in the murder of Jamal Khashoggi in 2018.

[38] Expand (Financial Decision Support)Inverto (Procurement & Supply Chain Management)Centre for Public Impact (Nonprofit Foundation Supporting Positive Impact in Government) Our reading list for 2020 has been heavily influenced by the personal impact of the global COVID-19 pandemic and deep-seated unrest. Our reviewers, a diverse group of BCGers, repeat this in almost every suggestion. BCG Digital Ventures (Corporate Innovation & Digital Business Building)BCG GAMMA (Advanced Analytics & Data Science)BCG Henderson Institute (Ideas Shaping the Future of Business & Society)BCG Brighthouse (Purpose Excavation & Activation) BCG GAMMA develops and applies data science, analytics and artificial intelligence to identify competitive advantages. [29] Our experts bring deep industrial and functional know-how and a range of perspectives that challenge the status quo and trigger change. We work in a unique collaboration model across the company and at all levels of the client organization, driven by the goal of helping our clients succeed and enabling them to make the world a better place. BCG typically hires for an associate or consulting position and recruits from top undergraduate colleges, graduate programs, and business schools. [11] The firm also offers summer internships. [12] [13] BCG Platinion covers the technology, architecture, implementation and human-centric design side of digital transformation. [30] [31] Expand, founded in 2001, provides executive advice and syndicated research and benchmarking services to financial institutions.

[34] We stand in solidarity with the black community against centuries of racial injustice. Now is the time to act. An article published by the New York Times on January 19, 2020 identified the Boston Consulting Group as collaborating with Isabel dos Santos, who has exploited Angola`s natural resources while the country suffers from poverty, illiteracy and infant mortality. [36] According to the article, BCG was commissioned by Angolan state oil company Sonangol and jewelry company De Grisogono, which her husband owned through letterbox companies in Luxembourg, Malta and the Netherlands; The company was reportedly paid for by offshore companies in tax havens such as Malta. [36] Partnership is one of BCG`s core values. We work together in a diverse ecosystem of partner organizations to promote shared values and innovation. Date of next statement on October 28, 2022 due November 11, 2022 In the 1970s, BCG created and popularized the „Growth Share Matrix,” a chart designed to help large companies decide how to allocate cash among their business units. The company would classify its business units as „Stars,” „Cash Cows,” „Question Points,” or „Dogs,” and then allocate money accordingly by transferring money from cash cows to stars and question marks, which have higher market growth rates and therefore greater upside potential.

[22] [23] BCG Digital Ventures works with companies to explore, design and bring new products and services to market. [24] Ware2Go (a logistics platform developed with United Parcel Service), Tracr (a blockchain-based supply chain tracker developed with De Beers) and OpenSC (a supply chain tracker developed with the World Wildlife Fund) are projects supported by BCGDV. [25] [26] [27] [28] Parent company: THE BOSTON CONSULTING GROUP, INC. Type: IS_ULTIMATELY_CONSOLIDATED_BY Statute: ACTIVE Parent company: THE BOSTON CONSULTING GROUP, INC. Type: IS_DIRECTLY_CONSOLIDATED_BY Status: ACTIVE Our values are the building blocks of our culture, rooted in everything we do and at the heart of what allows us to be a global consulting firm that leads with integrity. We are looking for a wide range of skills – from digital to interpersonal relationships to analytics. Leave a lasting impact on businesses, industries and society. Next accounts created by March 31, 2022 and expected by December 31, 2022 In the global fight against the novel coronavirus, the world is at a delicate transition point.

The challenge: to open up society and revive the economy – but without triggering a new wave of infections and deaths. Boston Consulting Group has received much criticism for its involvement in the construction of the new Karolinska Solna University Hospital, following research by Dagens Nyheter.