Human Resources
Fortune Magazine ranked BCG second in its 2011 and 2012 list of the "top 100 best firms to work for". BCG has also been listed in Consulting Magazine's "Best Firms to Work For" list every year since 2001. BCG is a top employer of recent graduates from MIT, Harvard Business School, Oxford University Said Business School, Stanford Business School, and UPenn Wharton.
In 2012, newly recruited undergraduate and graduate BCG hires earned a total compensation (salary plus all bonuses) of up to $100,000 and $195,000, respectively.
BCG typically hires for Associate or Consultant positions, with occasional so-called "lateral hires" opportunities as Project Leader, Principal or Partner. In the United States, BCG recruits undergraduates to join as Associates. Top-performing Associates receive sponsorship to pursue an MBA, returning to BCG upon completion. Some Associates advance to Consultant and beyond without obtaining an MBA, but the vast majority of Associates attend business school. A few complete JDs, MD and other graduate degrees at various institutions (called ADCs for Advanced Degree Candidates/Consultants). BCG also makes large efforts to hire advanced non-business degree holders. Graduates holding J.D.s, M.D.s and Ph.D.s in disciplines like engineering, science, and liberal arts receive training in business fundamentals and then typically join the firm as Consultants although this varies between different geographies. There is also an opportunity to join as a Summer Associate or Summer Consultant (internship) position for 10 weeks, which for many interns will result in an offer of a full-time position.
Like most consulting firms, BCG uses a modified version of the Cravath System, also known as "up or out".
Read more about this topic: Boston Consulting Group
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