BCG private equity and info, other insights?
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Booz is a US$1bn business and latest BCG revenues shows US$3.7bn. I do not think BCG is immune to acquisition. Combine some private equity money with the treasure chest/scale of an auditing firm (or worst an IBM) and who knows what can happen.
lol
BCG has been "laying off" a portion of its consultant class recently in the Chicago office (some consultants were less than a year into their job), so I wouldn't necessarily be so confident about the security of BCG either.
The CEO's email came off as sounding a bit smug.
It is true, at least for Chicago. Several people there have told me this. Happening also at the Associate level.
A solid email, albeit interesting he discusses differentiation while I have seen reliable Information that BCG is focusing on change management as a growth area, which is definitely implementation....and in that same messaging identifying Deloitte as the main competitor. Deloitte being a proxy for big 4 in general who all compete in that space.
That said I have a friend from University at BCG and he was a very impressive guy so maybe you can differentiate your change offering from the rest of us.
As for smug, I think that may be more pride in themselves and what they've done. Thanks for sharing.
TT
^Nope. Layoffs weren't a factor of the up-or-out policy.
Thanks for sharing. Disagree with your synopsis though. If you picked Booz over BCG because you didn't care about prestige, well, have fun working at PwC.
Prestige is not just a line item on your resume, but often (obviously not guaranteed - see: ML), is a sign of strength. MBB are more prestigious because they have better client relationships and sell more work. In turn, they are less likely to need to be acquried (of course any of these firms could be).
Pick the people you like, but beware of where you're going and make sure that it's not going to be a different place in six months.
Completely disagree. The vast majority of people who join consulting firms are going to leave the firm within 1-3 years. So, rather than culture, you should most definitely choose based on what kinds of impact joining a firm will have on your next steps and your long-term career goals. If you get to choose between two firms of equal prestige, then culture should be a big consideration.
I'd be interested to hear if any other heads of consulting firms sent out firm-wide responses to this merger
bcg layoffs: confirmed from several insiders
n/a
Someone on here is pissed Bain didn't offer him.
Honestly the fact that the CEO need to comment on this merger through a companywide email is extremely smug.
Why? Would it be better off to pretend that something big didn't just happen in the industry that all of your employees work in? I think it is more a sign of leadership.
I've seen people get canned for sharing internal emails publicly.
Rich is a nice guy - I met him at a wedding a few months ago.
Interesting email. That acquisition did make a few waves last week. I wonder if any other firms addressed it.
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