BCG private equity and info, other insights?

....'s picture
Rank: Gorilla | banana points 644

.

Consulting Case Interview Course

  • 2,037 questions across 209 consulting firms. Crowdsourced from over 600,000 members.
  • 11 Detailed Exclusive Cases developed by a McKinsey Associate and 10+ hours of video.
  • Trusted by over 1,000 aspiring consultants just like you.

Comments (31)

Oct 31, 2013

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.

Learn More

2,037 questions across 209 consulting firms. 11 Cases developed by a McKinsey Associate, 10+ hours of video. The WSO Consulting Interview Prep Course has everything you’ll ever need to ace your consulting case interviews. Learn more.

Nov 4, 2013
bleepbloop:

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

Nov 1, 2013

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.

Nov 1, 2013
lilahozi:

The CEO's email came off as sounding a bit smug.

Nov 1, 2013
lilahozi:

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)

If by "laying off" you mean transitioned out because they didn't cut it. It's up or out, even in your first year.

Nov 1, 2013
lilahozi:

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)

This is utterly untrue.

Nov 2, 2013
devildog2067:
lilahozi:

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)

This is utterly untrue.

It is true, at least for Chicago. Several people there have told me this. Happening also at the Associate level.

Nov 2, 2013

Also happening en masse in Mid-Atlantic / NYC

Nov 2, 2013

Yeah...don't believe this is true. Hiring targets are very healthy and haven't heard of any "layoffs."

Nov 2, 2013
necmergitur1982:

Also happening en masse in Mid-Atlantic / NYC

Was involved in the recruiting process and know some insiders in NYC - they still had healthy hiring targets and didn't hear anything about this...

Nov 3, 2013
Dren:
necmergitur1982:

Also happening en masse in Mid-Atlantic / NYC

Was involved in the recruiting process and know some insiders in NYC - they still had healthy hiring targets and didn't hear anything about this...

Hiring targets can be healthy even in a time when plenty of people are getting ushered out the door. Some people that interview well just aren't that good in their role. Judgments about who they want to keep and who they want to lay off are made in the first few months on the job.

If the job market wasn't as crappy maybe this wouldn't be as extreme, but don't be naive about it. Good hiring targets do not mean there isn't a propensity for this to happen.

I do not mean this about BCG specifically as the only people I know there are truly impressive individuals, but any top tier professional services firm isn't going to keep under performing juniors around when there are so many beating the door down to take their place.

Nov 3, 2013
pnb2002:

It is true, at least for Chicago. Several people there have told me this. Happening also at the Associate level.

I've been fairly careful not to give too much information about myself here, but in order to address this: I'm a BCGer in the Chicago office.

This is not true. You are wrong. We have not had any layoffs. We've had the normal up-or-out at both the Associate and Consultant levels in the last few years.

    • 1
Nov 3, 2013
devildog2067:
pnb2002:

It is true, at least for Chicago. Several people there have told me this. Happening also at the Associate level.

I've been fairly careful not to give too much information about myself here, but in order to address this: I'm a BCGer in the Chicago office.

This is not true. You are wrong. We have not had any layoffs. We've had the normal up-or-out at both the Associate and Consultant levels in the last few years.

Maybe you just haven't heard about it yet. From what I understand, the people who were encouraged to "transition" did not see it coming, as their performance reviews up till then were fine.

Nov 3, 2013
lilahozi:

Maybe you just haven't heard about it yet. From what I understand, the people who were encouraged to "transition" did not see it coming, as their performance reviews up till then were fine.

So let me get this straight: I work there, I know exactly who has left in the last year, I know exactly how large the classes are and what a normal level of turnover is, but you think you know something that I do not.

Got it.

Nov 4, 2013

Come on devildog, is it really that hard to keep an open mind about an outsider's conviction?

Nov 5, 2013
ST Monkey:

Come on devildog, is it really that hard to keep an open mind about an outsider's conviction?

He KNOWS. SEVERAL people have told him this. Clearly that trumps my actual, firsthand experience.

Learn More

2,037 questions across 209 consulting firms. 11 Cases developed by a McKinsey Associate, 10+ hours of video. The WSO Consulting Interview Prep Course has everything you’ll ever need to ace your consulting case interviews. Learn more.

Best Response
Nov 1, 2013

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

    • 2
Nov 1, 2013

^Nope. Layoffs weren't a factor of the up-or-out policy.

Nov 1, 2013

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.

    • 2
Nov 1, 2013

redacted

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.

Nov 2, 2013

I'd be interested to hear if any other heads of consulting firms sent out firm-wide responses to this merger

Nov 2, 2013

bcg layoffs: confirmed from several insiders

Nov 3, 2013

n/a

Nov 3, 2013

Someone on here is pissed Bain didn't offer him.

Nov 4, 2013

Honestly the fact that the CEO need to comment on this merger through a companywide email is extremely smug.

Nov 4, 2013
TeddyTheBear:

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.

Nov 4, 2013

I've seen people get canned for sharing internal emails publicly.

    • 1
Nov 4, 2013

Rich is a nice guy - I met him at a wedding a few months ago.

Nov 4, 2013

Interesting email. That acquisition did make a few waves last week. I wonder if any other firms addressed it.

Nov 5, 2013

BREAK CATCH-22
Fan of Yuzuru Hanyu

Nov 5, 2013