Boston Consulting Group - Go & join a technology company where business margins, salaries & benefits are better | Glassdoor.co.uk
  1. Helpful (5)

    "Go & join a technology company where business margins, salaries & benefits are better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Principal in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Boston Consulting Group full-time for more than a year

    Pros

    Interesting work & lots of travel

    Cons

    Dont expect to have a socal life outside of work including weekends As a consultant, expect to spend your weekends doing work and when you may have a breather, then you need to do your own expense reports to claim back your own money (and which you will have to fight to get back) Go and join a technology company where business margins & salaries are better. And there is work life balance Benefits not... real and difficult to obtain at BCG It is a multi level marketing business; Think like Amway You will typically not read a bad word about BCG given they spend so much time on marketing and managing the press Partners can earn decent money, but the rest get under paid relative to market 10 -20 years ago this used to be a good brand to work at. Now better opportunities at startups or tech companies

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    Boston Consulting Group2019-03-24
  1. "great place to work for"

    StarStarStarStarStar
    Current Employee - Project Leader in New York, NY

    I have been working at Boston Consulting Group full-time for more than a year

    Pros

    Attractive compensation, great people, smart and challenging projects

    Cons

    Unpredictability of hours, difficult to manage work life balance at times

    Boston Consulting Group2019-12-04
  2. Helpful (2)

    "Interesting experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Project Leader in Chicago, IL
    Recommends
    Positive Outlook
    No Opinion of CEO

    I worked at Boston Consulting Group full-time for more than 3 years

    Pros

    Pros:  1) Paycheck and Benefits: Most attractive part, maybe the only motivating factor on some days.  2) Quality of work: Work undertaken by BCG is mostly interesting and potentially impactful. You feel that you are part of a project that can change the way an industry works or client's TSR 3) Clients served: You get to work with leading players,  and it is a privilege to share... board rooms with CEOs and be able to learn from them  4) BCG MDPs: The Managing Director & Partner team is terrific and one of the major reasons why BCG is a top-tier strategy consulting firm. The amount of information and industry expertise some of the Partners have is jaw-dropping and even C-level execs pay close attention to what a BCG partner has to say.  5) Fellow consultants and non-consulting staff: Most of the consultants and associates in the office are fun. Consultants are supported well with L&D teams, staffing teams

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    Cons

    Cons:  1) Long hours: Consistently clocked >70 hrs/ week. Though weekends are protected, Sat is spent recovering/ grocery/ laundry and then by Sun eve--you are packing for an early AM flight on Monday. This makes you question the money you are making. If you making 1.7x the market rate, you are sorta working 1.5-1.8x hours as well.  2) Middle management (Senior Project Leaders/ Principals): Not... everyone in middle management is a great people developer. I once worked for a senior Principal who would constantly fret about his promotion and how if he doesn't become a Partner soon, he'll have to leave. That made for a terrible case experience as he was so insecure and made everyone work long hours (unnecessarily) to deliver "value" 3) Up-or-out policy: BCG is aggressively pursuing the up-or-out policy. Every year size of incoming class gets bigger, but people start leaving after 12-14 months. All you need is 1-2 bad case experiences for the firm to make up its mind and force you to leave. This policy makes sense superficially, but it assumes that everyone develops at the same pace. At the same time, you do not need to be exceptionally smart to have a long career at BCG. BCG has a very peculiar work culture/ process, some people are able to adapt and some don't. If you have some industry/ real-life work experience, it may hinder your success at BCG as you may feel we are not answering the right questions or our work lacks technical detail. Most "successful" consultants at BCG joined the firm right out of undergrad and only have consulting expertise.

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    Advice to Management

    Make the CDC review process more transparent and objective. Biases and opinions once formed are virtually impossible to get rid of. Much easier to switch firms. While hiring the right talent is important, focus on retaining talent as well. Persist and believe in people even if they have 1-2 bad performances.

    Boston Consulting Group2019-12-10

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