75. BearingPoint

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 40 (to date)

2007: 50

2006: 10

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

2007 interns came from the following classes...

0% Freshman

0% Sophomores

20% Juniors

80% Seniors

...and from the following majors:

45% Business

30% Computer Science

10% Economics

10% Engineering

2% Liberal Arts

0% Math

3% Science

0% Undeclared

0%

There is an official summer internship program

Average summer program: 11 weeks

Minimum: 10 weeks

Maximum: 12 weeks

Average hourly wage: $20.00

Average total intern compensation: NA

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

NA% of interns with offers accepted

Applicants & New Hires

Recruited on 40 undergrad campuses in 2007-08.
Made job offers on 40 undergrad campuses.

Applicants for entry-level jobs

2008: 434 (to date)

2007: 909

2006: 1,344

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 406 (to date)

2007: 748

2006: 1,091

Entry-level hires who were undergrad interns

2008: NA% (to date)

2007: 5%

2006: 5%

Most important characteristics for new hires:

2 Analytical Skills

3 Communication Skills

1 College Major

2007 entry-level hires came from the following majors:

40% Business

30% Computer Science

10% Economics

10% Engineering

5% Liberal Arts

0% Math

0% Science

5% Undeclared

% Other

...and are:

12% African American

5% Hispanic American

16% Asian American

16% Other

49% Total minorities

40% Female

Salary & Benefits

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

Average base salary:
$60,000-$64,999

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

21% earn $50,000 to $54,999

47% earn $55,000 to $59,999

32% earn $60,000 to $64,999

0% earn $65,000 to $69,999

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

0% earn $75,000 and above

Bonuses, Overtime & Perks

10% received signing bonuses

Average signing bonus: $5,000

0% 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? No

Do employees become eligible immediately? NA

Maximum annual education reimbursement: NA

Full grad school sponsorship for jr. level employees? No

Partial grad school sponsorship for jr. level employees? No

Time Off

The organization has a Paid Time Off (PTO) Bank

Maximum PTO days during first year: 28*

Maximum PTO days after one year: 28

Maximum PTO days after three years: 28

Maximum PTO days after five years: 28

Maximum PTO days after 10 years:28

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? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

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: 1.5%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

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? No

Does company pay relocation expenses? Yes

Max. annual relocation expenses? NA

Varies

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Computer hardware and software; financial products; cars; education products; office supplies and golf equipment

Notes: PTO days are for U.S. employees only; other countries receive more PTO based on local practice. Also, additional PTO days are awared based on job level and tenure (15+ years).

Work Environment

Average entry-level work week: 40+ hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

NA*% in open work stations

NA% in cubicles

NA% in shared offices

NA% in private offices

NA% have no company-supplied work space

Typical dress code

Business Casual

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations

Notes: BearingPoint has a unique formal "work-from-home" policy that encourages people to work from home. BearingPoint subsidizes office equipment and reimburses employees for phone and internet services to create a better work-life balance for employees and help mitigate company's impact on the environment.

Training Programs

The organization has a formal orientation program for new hires

Program length: 2 days

Orientation includes the following:

Computer training

Guest speakers

Team building activities

Benefits overview

Networking activities, overview of corporate policies, introduction to BearingPoint strategy and brand.

$2,500 average spent on training, per new hire, in 2007

There is a formal leadership or management training program that lasts less than a year:

Program Name: Consulting Foundations I

How do new employees enter the program? Automatic

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

1-week training program

After completion of program, what percentage of employees receive a raise? 0

How much is the typical raise: NA

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

NA* days of additional training expected

Notes: The Consulting Foundations I course is offered through the BearingPoint Leadership Program at the Yale School of Management. All analyst & consultant level employees with less than 2 years of experience attend the course within their first year.

All employees, including new hires, are expected to earn 120 learning credit hours over a three-year period.

Getting Ahead

Three-year retention rate: NA%

Five-year retention rate: NA%

How are raises determined?

Performance

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

First annual review cycle after hire.

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

Other (explain below) First annual review cycle after hire

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

2 Analytical Skills

3 Customer Satisfaction

1 Teamwork

Min. tenure in years required for job change: NA

Long-Term Prospects

Does position of vice president exist at this organization? NA

If not, is there a comparable title?

No. of employees who hold VP or similar title: NA

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

Age of youngest employee with VP or similar title: NA

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