How do I get into strategic consulting?
So, you need to follow these steps if you want to break into the consulting industry.
- Acquire the necessary skills and knowledge.
- Prepare a good cover letter and a strong resume.
- Acquaint yourself with the professional consulting job-hunting process and interviews.
- Find a good mentor in the consulting industry.
What does BCG look for?
BCG says they look for “curiosity, talent, and the ability to lead” in their new hires. You’ll find all this and more in consultants at BCG.
Which is better McKinsey or BCG?
McKinsey’s education and technology practices are much stronger than those of BCG or Bain. But in private equity, Bain offers more. MBB have strong resources and expertise in specific areas, and candidates with different backgrounds usually have a better chance at one of them over the other consulting firms.
Is BCG a good company to work for?
Great Place to Work, which provides the research underlying the Fortune rankings and conducts an extensive employee survey, noted in its review of BCG that: 98% of employees say, “We have special and unique benefits here.”
What are the highest paying consulting jobs?
List of highest paid consultants
- Financial risk management consultants.
- Economic consultants.
- Human resources consultants.
- Regulatory compliance consultants.
- Tax consultants.
- Business process management consultants.
- IT consultants.
- Accounting consultants.
What schools does BCG recruit from?
There are other schools where consulting firms recruit….Consulting target schools (undergrad):
- Boston College.
- University of California, Berkeley.
- University of Cambridge.
- Columbia University.
- Cornell University.
- Duke University.
- Georgetown University.
- Harvard University.
How long does BCG take to get back to you?
From the time you apply until the moment you accept the job offer, you will have to progress through a series of steps in the BCG recruitment process. Most of the time, the BCG recruitment process takes between 2x and 3x months, with often 14 days between steps on average.
How much do BCG interns make?
BCG Interns make $17,300 – $32,000 per internship Summer Associate Interns (Undergrad) can make more than $6,900/month, adding up to around $17,300 in total for a 10-week period. This compensation is extremely competitive, being just slightly under well-known tech companies like Facebook, Amazon, or Google.
How much do first year consultants make?
First-year consultants with a Bachelor’s degree at most major firms (often referred to as “associate consultants”) can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000. This figure includes base salary, signing bonus, and relocation expenses.
How do you prepare for BCG?
Part 4: BCG case interview preparation plan
- First, develop fast and reliable maths skills.
- Second, master a consistent method to crack cases.
- Third, practice case interviews.
- Fourth, work on fit / PEI interview questions.
How many hours do BCG consultants work?
Typically, both single and married consultants average 56.6 hour work weeks, but about a quarter of single consultants routinely put in between 60 and 70 hours per week.
Do consultants get bonuses?
Performance bonuses are about $15,775 on average, with a $5,000 signing bonus. Salaries for MBA hires (and consultants with a few years’ experience) are about $149,000 on average at top tier firms. These hires can earn a performance bonus of about $37,000 on average, with a $25,000 signing bonus.
What are the levels at BCG?
Within the BCG consulting path, the hierarchy includes such roles as (in ascending order) associate, consultant, project leader, principal, partner, and finally managing director. As employees ascend the hierarchy, they take on more responsibility overseeing project operations and client communications.
Where do top consulting firms recruit?
1. Consulting Target Schools (for McKinsey, Bain and BCG) All MBB consulting firms have their favorite recruiting grounds, mostly top business schools in the United States/Canada. Candidates from these schools have a much higher chance of networking and getting selected for an interview.
Does Deloitte hire PHDS?
All three of the top-tier management consulting firms, McKinsey, BCG, and Bain, hire PhD and advanced degree candidates. In addition, many other top consulting firms hire PhD and advanced degree candidates, including Deloitte, Strategy& (part of PwC), EY-Parthenon, L.E.K., and Roland Berger.
How much do big 4 interns make?
Big 4 Interns get paid $20-$30 an hour with the intention of matching the full time salary of a first year, assuming a 40 hour week. Except they frequently work 60 or more hours a week during busy season and end up making more than the managers during this time.
How much do BCG consultants make?
BCG Consultant yearly salary in the US can be up to $215,500, with $165,000 from base, $41,500 from bonuses and $9,000 from profit sharing.
What is the best consulting firm to work for?
Vault’s 2021 Rankings of the Best Consulting Firms to Work For
- Bain & Company.
- Boston Consulting Group.
- McKinsey & Company.
- Booz Allen Hamilton.
- EY-Parthenon.
- Oliver Wyman.
- ClearView Healthcare Partners.
- Deloitte Consulting LLP.
Does BCG pay well?
BCG data scientists earn an average salary of $108,000, with top earners paid over $140,000 a year.
Do boutique consulting firms pay more?
Generally, boutique consulting firms sit lower in the pay range, but consulting is still a high-income job nonetheless. If you want to be more specific, it really depends on each firm. Believe it or not, some boutique consulting firms offer salaries and bonuses even higher than MBB.
What are the Big 3 consulting firms?
The firms. The three consulting firms widely regarded as constituting the Big Three or MBB are McKinsey & Company, Boston Consulting Group and Bain & Company.
Which consulting firm has the best work life balance?
Booz Allen Hamilton
What do you do at BCG?
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. To succeed, organizations must blend digital and human capabilities.