Boston Consulting Group
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The BCG Associate Salary is very healthy. Most of the BCG Associates get compensated much higher than other firms. The salary is usually above competitive and usually associates stay in the firm. Overall, I would strongly recommend working at BCG as an Associate not just because of the salary but how great of an environment it has!
From the people I have seen at the top consulting firms, my feel is that Mckinsey is a bit more snotty, Bain is excessively energetic and happy, while BCG is very mild and professional. THis is not obviously for everyone, but they tend to hire people who are serious, have a gentle sense of humor, and seem very reliable.
Promotion in the company is completely merit based. We have an up or out culture, so advancement depends on going above and beyond on a project, not just on doing whats expected. If you ever mess up on a project, you are given the opportunity to rectify your mistake. The people who don't stress out about a promotion are the ones who end up moving up the fastest within the company.
The office is made up of very diverse people. You will see a lot of minorities and a lot of women walking around the office. There is a good work/life balance here a BCG. We work an average of 50 hours a week which give of plenty of time for our personal lives.
Promotion and advancement within the company is based on performance. Everyone in the company has the freedom to start additional internal projects, publish works from their own intellectual property, and take on responsibilities that add on to their practice. Everyone is pushed and encouraged to do more than just "work" at BCG.
You will need to work very hard at this company. You will advance if you work hard, and if you only do the bare minimum, then you will be out of the company fast. They give very honest feedback at this firm, which is great because you really do improve professionally and personally. Work at this company only if you are prepared to make work your number one priority.
I had really high expectations walking into the firm. Even though everyone I met is impressive, I got a feeling that people in the company value the company more than the actual people. I think this is good for the company (a company first mentality), but I think ultimately it was not a good fit for me. I felt lost in the crowd and never found a way to truly stand out.
BCG is a strong company and the future of the company is looking very bright. I am constantly staffed on fun projects with very large, well-known companies. When you get on board with this company, know that they will work you very hard; however, the experience is well worth it. You can also feel confident about your job security - as long as you are performing well that is.
I am a Project Manager at BCG and was hired in 2006. My salary was $145,000 with a annual bonus of about $45,000.
The project managers get to choose who we want working for the team. We always choose the top performers to join our team. If you are not a top performer, then you may get stuck on projects that are not that thrilling or you may get stuck with a project leader who doesn't work well with you. Do well in the company and you will receive the best projects to work on.
I was hired as an Associate in 2007. I was given an offer of $60,000, with a signing bonus of $5,000. I received 15 days of paid time off and a year end bonus of $20,000.
I am currently a Manager at BCG and make $200,000. I make a good amount on bonuses at the end of the year which keeps me very happy.
This is an up or out company. There are amazing opportunities for advancement, but you must be aggressive. We are pushed hard to personally and professionally develop ourselves and make ourselves qualified to be promoted. You will never feel stuck in this company.
I have been constantly changing from client to client and project to project. Although this is fun (and expected from Consultants), it can be very taxing at times. Travel can be brutal if you are staffed on a project that requires you to be at the client site 4 days out of the week. I'm not burnt out yet, but if I don't slow down, I probably will need to take a long break/vacation.
There is a lot of client interaction at BCG. Most of the work we do is very useful to the client. At times, I can feel like the work we do is just superficial in the sense that we make the analysis prettier and visually more appealing to get the Partner to notice our abilities.
There is a lot of pressure put on the employees to produce high quality for for the clients. I feel that I am always being judged and compared to my peers. This is because of the up or out culture. I never have a chance to relax at work or take my time and really learn something. I feel rushed on every project and its because of the pressure to perform.
This is truly a great place to work. Dress is business casual at the office (business professional when meeting a client) and absolutely everyone is friendly and welcoming. BCG takes great pride in its client interaction, business solutions, recruitment, and its people. You will gain valuable experience (personally and professionally) and you will be well respected wherever you go after BCG.
I like BCG because we truly develop strategies and solutions that the companies can take action on. Most other strategy consulting firms deal with theory only; we go into the field, collect primary data, analyze, and then go the the management to tell them what they need to do. Our recommendation are much more valuable because we actually get to get our hands dirty with our work.
Very open culture that welcomes new ideas and new ways of doing things. The company is very analytical, and we take the time to analyze every situation before we make a recommendation to our clients. The dress is business casual around the office. The best thing is that every consultant in the company gets a partner or manager that is his or her active mentor.
Everyone at BCG is bright, smart, young, and ambitious. If you're used to being the top of your class, make sure to mentally prepare yourself for this company. You will need to work extremely hard to stand out at the company because of all the talented young consultants. The best thing is that I look at the Managers and Partners and truly feel like they are people I can look up to.
I was hired as a Consultant in 2004 and was offered a salary of 120K with a $30,000 signing bonus.
There are no politics here at BCG. You get promoted based on merit. If you do well on your projects, then you will get promoted accordingly. Feedback after every project is very encouraging and gives you detailed action items that you can do on your next project. If you deserve it, you will grow fast within the company.
The culture in Los Angeles is very relaxed, but at the same time, know that you will work lots of hours per week. We average about 60-65 hours every week. I absolutely love the people that I work with. This is truly an amazing company to work at because you will learn something new each day on the job.
The company culture is all about collaboration. Everyone in the office works together to support, mentor, and help each other reach a goal. This prevents any feeling of competition or a "cut-throat" environment (like McKinsey). Dress is business casual around the office and the hours are great as far as consulting goes. We work about 65 hours a week on average.
I am an Associate at BCG. I make 60K in salary and about 12K in bonus.
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From hosting industry-specific case competitions to streamlining the application process, these companies show they know their employees are their most valuable assets.
10:44am on 09/26/2011
derek
np
10:43am on 09/26/2011
derek
wtf?
4:25pm on 03/02/2009
bcg sf
bcg is in financial trouble. it has restructured its west coast operations, and laid off more employees than other strategy consulting firms. its business has been impacted more than its competitors.
