Boston Consulting Group  Boston Consulting Group (BCG) is an American management consulting firm founded in 1963. BCG is one of the three biggest employers in management consulting, known as MBB or the Big Three. The firm was founded by Bruce Henderson in 1963 as part of The Boston Safe Deposit and Trust Company. Henderson had previously been employed at Arthur D. Little. In 1973, Bill Bain and others left BCG to form Bain & Company. In 1974, Henderson arranged an employee stock ownership plan so that the employees could make the company independent from The Boston Safe Deposit and Trust Company. The buyout of all shares was completed in 1979. As part of the federal government's auto bailout program, Boston Consulting Group was paid as much as $7 million to advise General Motors and Chrysler to help costs and overhaul operations. BCG typically hires for an associate or a consultant position, recruiting from top undergraduate colleges and business schools. The firm also offers summer internships. Insiders estimate that BCG North American offices receive around 10,000 resumes every year for the associate position. Senior associates have the opportunity to work abroad through BCG's exchange program. Many associates are also sponsored by the firm to attend business school. As is typical for the top strategy consultancies, BCG practices an "up or out," or forced attrition, system, in which employees must leave the company if they fail to achieve a promotion within a fixed time frame. BCG uses the case method to conduct interviews. This technique is designed to simulate the types of problems inherent in management consulting and to test the qualitative and quantitative skills deemed important for abstract thinking in a business setting. Generally, the interview process consists of two rounds. In the 1970s, BCG created and popularized the "growth–share matrix," a chart to help large corporations decide how to allocate cash among their business units. The corporation would categorize its business units as "Stars," "Cash Cows," "Question Marks," or "Dogs," and then allocate cash accordingly, moving money from Cash Cows toward Stars and Question Marks, which have higher market growth rates and hence greater upside potential. BCG Digital Ventures partners with companies to research, design, and launch new products and services. Ware2Go (a logistics platform developed with United Parcel Service), Tracr (a blockchain-based supply chain tracker developed with De Beers) and OpenSC (a supply chain tracker developed with the World Wide Fund for Nature) are projects backed by BCGDV. BCG GAMMA applies data science, analytics, and artificial intelligence to identify competitive advantages.