Who Are the Boston Consulting Group, and What Do They Do?

 

A career many new graduates and established professionals are turning to is consulting. Consultants are professionals who provide expert advice or services in an area of specialization. Consultants work in various areas, such as IT, healthcare, HR, operations, management, finance, and several others. One of the most well-known consulting businesses around the globe is the Boston Consulting Group (BCG).

Founded by Bruce Henderson in 1963, BCG “work(s) closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.” The global consulting firm is a worldwide leader and pioneer in business strategy. Organizations like BCG provide a detailed outlines for how businesses can compete in one or several markets with its products or services. BCG has a highly diverse team, with employees working from different cities across the globe, such as Los Angeles, New York, Paris, New Delhi, Hong Kong, and several others.

BCG’s values include integrity, respect for the individual, diversity, value delivered partnership, expanding the art of the possible, social impact, clients come first, and the strategic perspective. 

As part of its mission statement, which is to “unlock the potential of those who advance the world,” BCG consults around the following topics:

  • Business and Organizational Purpose

  • Business Transformation

  • Corporate Finance and Strategy

  • Customer Insights

  • Digital, Technology, and Data

  • Diversity, Equity, and Inclusion

  • Innovation Strategy and Delivery

  • International Business

  • Manufacturing 

  • Marketing and Sales

  • M&A, Transactions, and PMI

  • Operations

  • Organization

  • People Strategy

  • Pricing and Revenue Management

  • Risk Management and Compliance

  • Social Impact and Sustainability

  • Zero-based Budgeting

Here are some facts about BCG that illustrate the size and impact of the business:

  • 25,000 employees

  • Over 90 offices in several countries and regions

  • Many of BCG’s clients rank in the world’s 500 largest corporations

  • $11 billion in annual revenue

Are you interested in a career in the field of consulting? Join The HBCU Career Center on May 26th to get advice from BCG’s Knowledge Team hiring managers on landing a job in this industry. Sign up for the event here.

 
Career AdviceTaneia SurlesBoston Consulting Group, Consulting, Knowledge Analysts, Business, Fortune 500, HBCU