17. Boston Consulting Group

Undergrad Internships

Internships are filled for 2008*

Undergrad internships (paid and unpaid)

2008: NA (to date)

2007: NA

2006: NA

100% of internships are paid, 0% are unpaid.

2007 interns came from the following classes...

0% Freshman

0% Sophomores

100% Juniors

0% Seniors

...and from the following majors:

7% Business

2% Computer Science

40% Economics

12% Engineering

14% Liberal Arts

10% Math

5% Science

% Undeclared

10% Asian studies

There is an official summer internship program

Average summer program: 10 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: NA

Average total intern compensation: $12,500*

90% of eligible 2007 interns received full-time job offers

83% of interns with offers accepted

Notes: BCG has hired 35-50 summer interns annually for the past three years in its North American offices (Atlanta, Boston, Chicago, Detroit, Los Angeles, Miami, New York, San Francisco., Dallas, Houston, Toronto & Washington, D.C.).

Summer compensation comparable with first-year associate salary; also covers relocation costs, including house hunting trip, travel between school & internship, & moving costs for necessary items.

Applicants & New Hires

Recruited on 28 undergrad campuses in 2007-08.
Made job offers on 20 undergrad campuses.

Applicants for entry-level jobs

2008: 9,800'* (to date)

2007: 11,000

2006: 10,100

Entry-level hiring

Entry-level hiring is complete for 2008.

New hires in:

2008: 115 (to date)

2007: 115

2006: 115*

Entry-level hires who were undergrad interns

2008: 30% (to date)

2007: 26%

2006: 17%

Most important characteristics for new hires:

1 Analytical Skills

3 Communication Skills

2 Leadership Skills

BCG expects total applications in 2008 to be comparable to 2007 by year end.

115 is the avg. number of annual entry-level hires for each of the past 3 years across all North American offices.

2007 entry-level hires came from the following majors:

8% Business

1% Computer Science

34% Economics

15% Engineering

8% Liberal Arts

5% Math

4% Science

3% Undeclared

22 Social studies, Public Policy, Physics, Aeronautic% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

NA% Total minorities

45% Female

Salary & Benefits

Entry-level hires since Jan. 1, 2008 (to date)

Average base salary:
$65,000 to $69,999*

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

0% earn $45,000 to $49,999

0% earn $50,000 to $54,999

0% earn $55,000 to $59,999

0% earn $60,000 to $64,999

100% earn $65,000 to $69,999

0% earn $70,000 to $74,999

0% earn $75,000 and above

Bonuses, Overtime & Perks

100% received signing bonuses

Average signing bonus: $5,000

100% received performance bonuses in their first year on job

Average performance bonus, 2007: NA*

0% of 2007 entry-level hires eligible for overtime

100% of 2007 entry-level hires not eligible for overtime

Reimburse employees for education expenses? Yes

Do employees become eligible immediately? Yes

Maximum annual education reimbursement: NA*

Full grad school sponsorship for jr. level employees? Yes*

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Total paid vacation days

Vacation days during first year: 15

Vacation days after one year: 15

Vacation days after three years: 20

Vacation days after five years: 20

Vacation days after 10 years: 20

Total paid holidays: 11

Paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: unlimited

Paid sick/personal days allowed in first year: unlimited

Flextime is an option for entry-level employees

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? No

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? No

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? No

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Entry-level hires are given access to a 401(K) savings plan

Max. company match as a percentage of salary: 15%

Min. employee set-aside as a percentage of salary to receive max. co. match: 0%

401(k) Details: Every year BCG contributes 15% of an employee's total compensation (salary + bonus) on behalf of the employee. This 15% is in addition to an employee's base salary and bonus. Employees receive the 15% automatically and are not required to contribute individually.

Are entry-level hires eligible for company funded pension? No

Are entry-level hires eligible for profit-sharing program? No

Other Benefits

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Max. annual relocation expenses? NA

There is no maximum; The reimbursement depends on geography and other circumstances.

Employee Discounts on the following:

Gym memberships

Cell phone service

Insurance

Publications

Work Environment

Average entry-level work week: NA* hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

0% in open work stations

0% in cubicles

100% in shared offices

0% in private offices

0% have no company-supplied work space

Typical dress code

Business Casual

Casual Friday

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations

Notes: Employees who work more than 55 - 65 hours per week for more than 3 weeks are identified and senior leaders work with the project team to improve work/life balance.

Training Programs

The organization has a formal orientation program for new hires

Program length: 9 days

Orientation includes the following:

Computer training

Guest speakers

Team building activities

Facilities tour

Benefits overview

$47,000 average spent on training, per new hire, in 2007

How do new employees enter the program?

If not hired directly into program, when are most new hires first considered eligible?

After completion of program, what percentage of employees receive a raise?

How much is the typical raise:

There is not a formal leadership program for entry-level hires that lasts a year or more.

How do new employees enter the program?

If not hired directly into the program, when are most new hires first considered eligible?

Is program rotational?

If so, how many locations or business units does the employee spend time at?

Minimum rotations:

Maximum rotations:

Length of program, in weeks:

Minimum: weeks

Maximum: weeks

After completion, what percentage of employees receive a raise?:

How much is the typical raise:

Does company have formal mentorship program? Yes

100% of entry-level hires participate

11 days of additional training expected

Getting Ahead

Three-year retention rate: NA*%

Five-year retention rate: NA%

How are raises determined?

Both performance and seniority

When are most entry-level hires eligible for their first raise?

6 months to 1 year

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

More than 1 year

Evaluations

Frequency of evaluations

Quarterly for first year, Twice a year in year 2 and beyond*

Most important characteristics for entry-level hires:

1 Analytical Skills

2 Leadership Ability

3 Learning Ability

Min. tenure in years required for job change: 2

Long-Term Prospects

Does position of vice president exist at this organization? No

If not, is there a comparable title? Officer

No. of employees who hold VP or similar title: 149*

No. of employees with VP or similar title with 20 years plus seniority: 18

Age of youngest employee with VP or similar title: 33

Seniority of youngest employee with VP or similar title in years: 9

Notes: A significant portion of entry-level hires attend business school and then return to BCG after graduating.

Work is project based and employees receive a review at the end of every project (3-6 mos).

Number of officers includes only employees in the US.