458.Paper.Peter Qu.AUT08

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Unformatted text preview: t
 position
between
24
to
30
months.


 Table
2.
Performance
Metrics
for
the
Boston
Consulting
Group
 Revenue
per
consultant
 Time
to
partner
 Average
travel
time
 Starting
salary
 Average
bonus
 Turnover
statistics
 
 Personal
Opinion:
 Approx.
$590,000.
(Newman,
2008)
 7
years
post‐MBA
 Reasonable
and
depends
on
regional
office.
(Newman,
 2008)
 Above
average
(Newman,
2008)
 N/A
 N/A
 The
Boston
Consulting
Group
offers
the
similar
prestige
and
opportunity
as
the
 McKinsey
&
Company.

In
addition,
the
Boston
Consulting
Group
is
known
for
innovative
 thinking
and
has
invented
many
tools
for
analyzing
and
making
strategic
decision.
 For
consultants
who
are
more
concerned
about
work‐life
balance
and
travel
 requirement,
the
Boston
Consulting
Group
is
a
better
choice
than
McKinsey
&
Company.

 Depend
on
the
regional
office,
some
consultants
have
little
travel
requirement.

The
 hours
at
the
Boston
Consulting
Group
is
also
more
reasonable
than
in
McKinsey
&
 Company,
with
work
hour
range
from
40
hours
in
down
time
to
60‐80hours
in
crunch
 time.

 4.
Bain
&
Company
 Company
Overview:
 Bain
&
Company
started
in
1973
when
seven
formers
partners
from
the
Boston
 Consulting
Group
left
BCG
and
founded
the
company
(Bain
&
Company,
2008).

In
its
 early
day,
the
company
distinguished
itself
from
other
consulting
firms
in
two
ways.

 First,
the
companies
avoided
potential
conflict
of
interest
by
only
work
with
one
client
 per
industry
and
maintain
strict
client
confidentiality
(Bain
&
Company,
2008).

Second,
 the
company
aligned
its
incentive
with
that
of
that
of
its
clients
by
occasionally
taking
 equity
stake
in
the
client
instead
of
fee
(Bain
&
Company,
2008).


 After
a
period
of
fast
growth,
Bain
&
Company
faced
financial
distress
in
the
1990s
and
 former
partner
Mitt
Romney
rejoined
the
firm
and
spearheaded
the
overturn
effort
 (Bain
&
Company,
2008).

Bain
&
Company
quickly
returned
to
profitability
and
then
 guided
its
clients
through
the
“New
Economy”
of
e‐commerce
and
weathered
through
 the
downturn
after
the
dot‐com
bust
(Bain
&
Company,
2008).

In
the
following
 economic
recovery,
Bain
&
Company
quickly
expanded
and
now
employed
4,300
 employees
in
38
offices
across
26
different
countries
(Bain
&
Company,
2008).


 Bain
&
Company
is
uniquely
strong
in
advising
mergers
and
acquisitions
as
well
as
 financial
services.

In
the
mergers
and
acquisitions
arena,
Bain
has
evaluated
over
 30,000
acquisition
targets,
and
guided
more
than
1,000
transactions
worth
over
$200
 billion
(Newman,
2008).

Statistics
has
shown
that
Bain‐approved
investment
 consistently
show
up
in
the
top
25%
of
leveraged
buyout
deals
(Newman,
2008).
Bain
 also
has
a
strong
business
arm
in
financial
service,
which
accounts...
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This document was uploaded on 02/17/2014.

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