What kind of consulting is BCG?
Founded in 1963, BCG (Boston Consulting Group) is a global management-consulting firm. BCG helps corporations and other organizations innovate and achieve sustainable competitive advantage.
Is management consulting the same as strategy consulting?
The biggest difference is that strategy consulting is done at the executive level, usually with CEOs or a board of directors. … Management consulting is more geared toward creating replicable methods that bring faster solutions for the issues that they were designed to handle.
Is BCG a consulting firm?
Why Work With Us? BCG formally started operations in India in 1995, opening its offices after nearly a decade of work in the country. Today, we are located at DLF Cybercity in Gurgaon, Nariman Point in Mumbai, and Hyatt Regency in Chennai.
Is McKinsey management consulting or strategy consulting?
McKinsey is the oldest and largest of the “Big Three” management consultancies (MBB), the world’s three largest strategy consulting firms by revenue. It has consistently been recognized by Vault as the most prestigious consulting firm in the world.
Is McKinsey better than BCG?
BCG has a more analytical focus, McKinsey is more focused on structure and story. At both firms, I felt that that the quality of the work was incredibly high. However, there is a dramatic difference in what people focus on in the day to day work.
How is BCG different from other consulting firms?
BCG has functional expertise, but it also boasts creative problem solving by offering its clients a fresh and unique framework with every case. It pushes consultants to think outside the box and to avoid fitting one client’s solutions to another client’s problems.
What exactly is strategy consulting?
Strategy consulting is pure problem solving and advising CXOs to many organisational problems bothering them. Your own operational experience of managing family business will help you look at the business problems in more detail and come up with strategies which can be executed to give best returns.
Is corporate strategy better than consulting?
A corporate strategy role requires a longer term perspective compared to a 2-3 month study you would do in consulting. You end up working with a similar set of stakeholders over a period of time, build deeper relationships, hold more accountability for decisions made and need to own the outcome.
What does a strategy consultant?
Strategy Consultants primarily analyze business practices and goals and make suggestions for improvements or company direction. They devise strategies for cutting costs, increasing revenue and making key decisions. They help a company define markets and identify trends within a specific market.
How prestigious is BCG?
Within MBB firms, McKinsey is the most prestigious and well-known, both inside and outside the industry.
1.1. MBB Firms Have Much Higher Prestige Score (Vault 2020)
|1||8.984||McKinsey & Company|
|2||8.738||Boston Consulting Group|
|3||8.600||Bain & Company|
|4||7.121||Deloitte Consulting LLP|
Are management consultants rich?
Even in the US, Consultants are some of the highest paid professionals sitting in the high rises of Manhattan, Atlanta or Los Angeles. Consultants who are graduates of the world’s top b-schools are especially well-paid, and can earn base salaries well beyond $150,000.