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Boston Consulting Group history
Boston Consulting Group company history timeline
Starting out as the only employee, Henderson launched his consulting unit with Boston Safe Deposit in 1963.
Bruce Henderson founded the Boston Consulting Group in 1963, when most consulting firms focused on benchmarking and spreading best practices.
In 1964, he found a way to attract attention, publishing the first of his "Perspectives," which were short essays designed to stimulate the thinking of senior management.
1964 Perspectives Is Launched
According to company lore, it was in the fall of 1965, when the business housed about a dozen consultants, that Henderson announced at a staff meeting that they needed a way to find a specialty to distinguish themselves from their larger, better financed rivals.
"Experience Curve" Introduced in 1966
Henderson was so impressed with Bain, despite his lack of basic business knowledge, that he offered him a job with BCG in 1967.
By the end of 1968, BCG employed 36 consultants; a year later, that number grew to 62.
The growth share matrix, created in 1968, helps companies decide how to prioritize different businesses by their degree of, and potential for, profitability.
1968 SANDRA MOOSE BECOMES BCG’S FIRST FEMALE CONSULTANT
1973: Bill Bain leaves to form Bain & Co.
BCG opened its second United States office in Menlo Park, California, in 1974.
1975 BCG ACHIEVES INDEPENDENCE
Overseas business became so important to the firm that by the end of 1977 revenues were split evenly between business originating in the United States and overseas.
BCG underwent some changes at the top level of management in 1980.
1981 BCG’S R&D PROJECTS
1985 BCG EXPANDS INTO CHINA
While dining that first night in Madrid, according to a 1987 Fortune article, he was tracked down "with an urgent call from his secretary.
1987 BCG ORGANIZES INTO PRACTICE GROUPS
1988 BCG VALUE STATEMENT
In the final year of the 1990s, after opening a Berlin office, the BCG roster of consultants numbered 2,166.
In 1992, BCG opened an office in Kuala Lumpur, followed a year later by offices in Monterrey, Amsterdam, Brussels, and Shanghai.
BCG reached a milestone in 1993, topping the 1,000 mark in the number of consultants it employed.
In 1994, offices were opened in Dallas, Hamburg, Moscow, Bangkok, and Seoul.
Furthermore, in 1997 the firm opened offices in Sao Paulo, Warsaw, Budapest, Stuttgart, and Vienna.
1998 BCG CREATES THE STRATEGY INSTITUTE
In 2001, BCG opened offices in Athens, Beijing, Istanbul, Prague, Cologne, and Rome as the number of BCG consultants approached 2,800.
2004 BCG BROADENS ITS SCOPE OF SOCIAL CONTRIBUTIONS
2008 BCG FELLOW PROGRAM IS ESTABLISHED
2010 BCGPERSPECTIVES.COM IS LAUNCHED
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Boston Consulting Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bain & Company | 1973 | $4.5B | 10,500 | 109 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,278 |
| Bloomberg | 1981 | $10.0B | 20,000 | 648 |
| Credit Suisse | 1856 | $3.1B | 47,860 | - |
| McKinsey & Company Inc | 1926 | $10.5B | 30,000 | 469 |
| Deloitte | 1845 | $50.2B | 334,800 | 26,500 |
| L.E.K. Consulting | 1983 | $500.0M | 1,600 | - |
| Pwc | 1849 | $45.1B | 295,000 | 17,001 |
| Ernst & Young | 1849 | $40.0B | 312,250 | 15,290 |
| Accenture | 1989 | $64.9B | 674,000 | 12,339 |
Boston Consulting Group history FAQs
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Boston Consulting Group may also be known as or be related to Boston Consulting Group, The Boston Consulting Group, The Boston Consulting Group, Inc and The Boston Consulting Group, Inc.