Benefits are great, but not enough of an incentive to keep great people from leaving
Pros
Benefits (full healthcare, dental, vision), Luxury travel amenities, a company that’s doing really interesting work benefitting millions, incredibly bright people that for the most part are also incredibly kind, and an environment that encourages people to think creatively, even if they are not always rewarded for doing so.
Cons
The difference between the consulting side of the business and BST (business services team) is incredible. Often times BST are expected to live up to the expectations and work the same number of hours as the consultants with a fraction of the pay and growth opportunities. There is also a stigma when working on this side of the business that is often near impossible to overcome, meaning many partners just don’t take BST or their input seriously. The salary for BST is also typically far below industry average and the claim is that due to the benefits, the starting salaries are lower, which is all fine and good, but simply cannot compare to other more competitive companies at this point in time. Lastly, the technology is far behind where it should be for a company that is pushing digital transformation so heavily on every company they consult, there is high turnover on BST teams (due mostly to the challenges mentioned above) which leads to toxic work environments and even less work/life balance, and there is a high imbalance of effective managers. Some are the best I’ve ever had and some have no desire to grow their teams. Overall, I’d recommend BCG as a company that can set you up to do well anywhere because it can be an incredibly challenging place to work.
