What It Does: As a management consultant, BCG provides services such as strategy consulting and helps its clients to achieve a certain level of relevance in their respective industries by adopting a dynamic approach to policies which fast-track their growth in essential areas.
Mission: BCG’s mission is going deep to unlock potential and has the boldness to act on that discovery.
Size and Presence: This company employs more than 800 employees in the UK. The firm has an office in London.
Best Known For: BCG is one of the largest management consulting companies in the world. This year, Glassdoor has named the company as one of the best places to work. Many of its clients are industry giants as well, which adds to the stature and prestige of BCG.
The Good Bits: Boston Consulting Group has rich career prospects for its employees as well as a sound welfare program providing numerous employment benefits. The company has a healthy working atmosphere.
The Not-So-Good Bits: The work-life balance is not ideal because of long work hours.
BCG’s origins can be traced to 1963 when Bruce Henderson established it as the consulting division of Boston Safe Deposit and Trust Company. Initially, BCG provided consulting and advisory services to the bank’s customers for a budget-friendly fee. That same year, Arthur Contas became the second consultant of BCG. In 1966, BCG gained ground in the Asian market by establishing an office in Tokyo. In 1967, Bill Bain joined the reins after being recruited by Henderson. It was expected that Bain would succeed Henderson as the head of the company, but that never happened.
Instead, Bain resigned from BCG and started his consulting and advisory firm. While at this, he left with six of BCG’s workforce. In 1974, Henderson decided to make BCG an independent consulting firm instead of a consulting company affiliated with a bank. He executed this idea by offering every employee a stock option. When all of the company’s stocks were bought in 1979, the company became independent. Boston Consulting Group came to the UK in 1970.
BCG has an interesting culture; it's beyond what's expected of a typical corporate culture. The company is innovation-driven, and this quality rubs off on the employees the company hires to power and execute its vision. The company has five principles which are the foundation of its culture - Bring Insight to Light, Grow by Growing Others, Lead with Integrity, Conquer Complexity, and Drive Inspired Impact. BCG is a hub of diversity - the company has employees whose differences in race, gender, perspectives, religion, social status, and sexuality don’t matter. The company achieves unity in diversity by giving them a common goal and objective. The company has a strong support system and a healthy working atmosphere, which fresh graduates and interns will find very helpful.
Whether the employee is an intern, fresh graduate, or experienced professional, BCG offers excellent prospects for all. The company offers an internship program for interns that gives them a grasp of what it feels like to work at BCG. Fresh graduates have a chance to work on international assignments and receive hands-on training from innovative work programs. This gives them a smooth and seamless transition into the corporate world. The company also has opportunities for postgraduates and gives them a chance to learn from some of the best minds in the consulting industry.
A fresher at BCG earns an average annual income of £45,000.
BCG has raised huge sums for multiple charity organizations in the UK.
There’s no widely published controversy involving BCG in the UK.