2021 Vault Rankings
At a Glance
“Accelerated learning opportunities.”
“Great compensation & benefits.”
“High-stakes performance culture.”
“Pace of work and uncertainty created by "up or out" [culture]”
“Professional services can be demanding.”
“Best-in-class compensation & career development.”
“Extraordinary work and breadth.”
“Highest echelon of firm.”
About Boston Consulting Group
With nearly 21,000 employees in over 90 offices in more than 50 countries, Boston Consulting Group ranks as one of America's Largest Private Companies, according to Forbes. The firm partners with leaders in business and society to help them tackle their most important challenges and capture their greatest opportunities. Its clients include many of the world's largest and most influential companies. BCG counts Indra Nooyi, Chairman and former CEO of PepsiCo, Jim Koch, co-founder and chairman of Boston Beer Company, Michelle Peluso, SVP of Digital Sales & CMO of IBM, Marc Bitzer, CEO of Whirlpool, Yasuyuki Higuchi, CEO of Panasonic Corp., and Nneka Rimmer, President of McCormick & Co. among its more than 26,000 alumni around the world.
BCG believes that in order to succeed, organizations must blend digital and human capabilities. The firm’s diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change through leading-edge management consulting as well as data science, technology and design, digital ventures, and business purpose. Its collaborative approach within and beyond the firm delivers results that enable its clients to thrive.
The Henderson legacy
BCG was founded in 1963 by Bruce D. Henderson, a former Bible salesman and Harvard Business School dropout. Challenged by the CEO of The Boston Safe Deposit & Trust Company to form a consulting arm for the organization, Henderson responded with an aggressive strategy. While his first month's billings amounted to $500 and his office had a staff of just two by the end of his first year in business, Henderson's subsequent success is impossible to deny-and it was driven largely by expansion. In 1966, BCG became the first Western strategy consulting firm in Japan, and offices throughout Europe soon followed. By 1976, half of the firm's revenue was being generated outside the U.S.—a year after Henderson laid out a plan for employee stock ownership that saw the firm fully owned by BCGers in 1979. Such was Henderson's reputation within the business world that, following his death in 1992, the Financial Times wrote, "few people have had as much impact on international business in the second half of the twentieth century as the founder of The Boston Consulting Group."
In 1998, BCG established the BCG Henderson Institute, a strategy think tank dedicated to exploring and developing valuable new insights from business, technology, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business.
PTO: Because “always on” is never good
It's no secret that life in a top-tier consulting firm can be demanding. To address the challenges of the job, BCG introduced its PTO (Predictability, Teaming, and Open Communication) program in 2005, and has since rolled it out to every BCG office. PTO helps teams align on expectations before their projects start—and ensures they maintain them throughout—making work more productive and sustainable long-term through ongoing transparency and regular check ins. BCG’s flexibility and wellness programs, and robust time off benefits, further empower BCGers to balance their work and personal priorities.
Living its values and purpose
BCG’s purpose is to unlock the potential of those who advance the world. The firm strives to drive lasting impact for its employees, clients, and society. These ambitions are embodied by BCG’s Social Impact practice area, which partners with, and connects, leaders from across the private, public, and social sectors to create positive economic, social, and environmental outcomes. BCG delivered more than 700 social impact consulting projects in 2019 to more than 450 clients. Its global social impact partners include Save the Children, the Bill & Melinda Gates Foundation, and Teach for All. BCG has committed to reaching net-zero climate impact by 2030.
In the News
Business Insider: A BCG executive who's consulted on 3 presidential transitions explains the key leadership strategies Biden will need to set his team up for success in his first 100 days (November 16, 2020)
The planning for a presidential transition has been well underway for months. Sharon Marcil, global chair of Boston Consulting Group (BCG), is part of the team that works with The Partnership for Public Services Center for Presidential Transition, a nonpartisan group since 2011 to create guidebooks for newly elected leaders in America. Marcil shared how the Biden administration should fill the 4,000 positions, and the most important things to keep in mind when drafting a successful 100-day plan.
Yahoo! Finance, On the Move: CEOs are hoping for ‘real unity’ around COVID-19 post-election: Boston Consulting Group CEO (November 4, 2020)
Boston Consulting Group CEO Rich Lesser joins Yahoo Finance Live to discuss how CEOs will react to the impending election results.
ZDNet: Digital transformation is hot, the success rates are not, says BCG data (October 29, 2020)
Only 30% of digital transformation projects met or exceeded their target value, according to a report from Boston Consulting Group. However, BCG said that another 44% created some value, but didn't hit targets and resulted in only limited long-term change. BCG also noted that 26% created value of less than 50% of target and produced no sustainable change. Add it up and digital transformation efforts, which are critical during the COVID-19 pandemic and new normal, need some work. BCG said in its report that more than 80% of companies plan to accelerate digital transformation efforts.
The Washington Post: Top CEO says business leaders are worried about a W-shaped recovery (May 4, 2020)
Top CEOs worry that restarting nonessential businesses in certain states could be a bad idea if those states aren't prepared to conduct enough testing or contact tracing to quickly quash any new outbreaks of the disease. Their real-time assessment even as President Trump offers assurances that it’s safe for states to reopen: Some corners of the country are still at least weeks away from being ready to do so safely. That’s according to Rich Lesser, who as chief executive of the Boston Consulting Group has emerged as a sort of whisperer to fellow CEOs navigating the thicket of corporate and political quandaries brought on by the pandemic. Lesser and fellow corporate chiefs have been comparing notes on weekly Friday calls convened by the Business Roundtable, the lobbying group representing 182 CEOs of the biggest U.S. companies.
CNBC, Worldwide Exchange: Boston Consulting Group: Investors still have significant concerns for “pretty much all of 2020” (April 3, 2020)
Hady Farag, partner & associate director at Boston Consulting Group, talks a new survey by the group gauging investor sentiment amid the growing US coronavirus epidemic.
CNBC, Squawk Box: Boston Consulting Group CEO on how he’s navigating coronavirus crisis (March 19, 2020)
Rich Lesser, president and CEO of the Boston Consulting Group, joins “Squawk Box” by phone to discuss what Boeing and other CEOs can do during the uncertain time of coronavirus.
200 Pier 4 Boulevard
Boston, MA 02210
Phone: (617) 973-1200
Employer Type: Private
President & CEO: Rich Lesser
2020 Employees (All Locations): 21,000
Boston, MA (HQ)
More than 90 offices in 50 countries
Functional Practice Areas and Capabilities
Business & Organizational Purpose
Corporate Finance & Strategy
Digital, Technology & Data
Diversity & Inclusion
Innovation Strategy & Delivery
Marketing & Sales
M&A, Transactions & PMI
Social Impact & Sustainability
Industry Practice Areas and Expertise
Aerospace & Defense
Automotive & Mobility
Engineered Products & Infrastructure
Health Care Payers, Providers & Services
Media & Entertainment
Medical Devices & Technology
Metals & Mining
Oil & Gas
Power & Utilities
Principal Investors & Private Equity
Process Industries & Building Materials
Transportation & Logistics
Travel & Tourism