BCG Internship: Overview and Guide
However, as BCG is one of the three most prestigious consulting firms in the industry, landing an internship is highly competitive. How do you stand out and successfully get a BCG internship? In this article, I’ll show you the overall information about the BCG Internship and how to land an internship at this giant.
BCG Internship: Overview
To get a BCG Internship, you need to prepare thoroughly through this six-step process:
BCG Internship: Recruitment and salary
If you want to land an internship at BCG, you should know these four essential things in advance.
•Undergrads from colleges, business schools
•Outstanding academic achievement
November – December
•Currently enrolled in an advanced graduate degree like an MBA or PhD
•Excellent academic records
BCG Internships have two main routes
While undergraduate students are hired into the Summer Associate positions, candidates with an MBA degree or higher will work as a Summer Consultant. If you’re unfamiliar with these titles, check out this article I’ve written on the career path in consulting for a visual overview.
The titles of these positions are different at each firm. For BCG, the traditional consulting track goes from Associate to Consultant.
BCG internship – Application process
Nevertheless, it is advisable to confirm the exact deadlines. If you’re at BCG target school, check your school’s dedicated page to know the specific deadline, as well as utilize all supporting resources you have. If you’re at regular schools – your school doesn’t show up on the firm’s portal – contact the HR department of your target office to clarify the dates.
BCG Internship typically lasts 10-12 weeks
BCG interns make $17,300 – $32,000 per internship
Median Monthly pay
Median 10-Week Pay
After knowing the overall facts about BCG Internships, your next step is to understand what you will do as a BCG Intern and what you need to practice to excel at the job. Having such a deep understanding can help you tailor your application accordingly to what is expected of you.
If you make it to the case interview round, you can use these insights while solving the case study to show off your consulting traits. This undoubtedly will higher the chance for you to get an offer.
BCG Summer Associate Internship (Undergrad)
Nature of the work
At BCG, Associate interns’ work is very much the same as a full-time Associate. Generally, they manage the “manual” work and function, while Project Leaders supervise the overall project.
To be more specific, when an intern receives a project, they will first dig up data about the company and industry. After meeting and interviewing the clients, they will collect more data from the client or similar cases in the past and conclude specific insights to start solving the case. Data collected is typically used as input for excel models to analyze the problem and find root causes.
You can watch the video below, or read this article for a more in-depth understanding of the typical work of an entry-level consultant.
Responsibility & report line
In a project, Associate interns are usually assigned to support an Associate with a big workstream. In rare circumstances, interns can lead a small workstream.
For the first scenario, you will report directly to the person you are assisting. In the latter scenario, you will report directly to the Project Leader.
BCG Summer Consultant Internship (MBA)
Nature of the work
Your work structure is very similar to that of a full-time Consultant. While project Leaders manage the big picture, you will execute “typical consultant work” of a project.
However, Consultant intern positions have a slightly more interesting aspect of their work nature. Technically, consultant interns have more experience and seniority than Associate interns, so they often get to lead or semi-lead a workstream.
Responsibility & report line
As a consultant intern, you will report directly to the Project Leader.
How to get a BCG Internship – 6 steps guide
Step 1: Build up skills, qualifications and experience
Apply only when you’re ready! BCG has a 2-year ban on failing candidates. That’s why it’s important to start learning and practicing as soon as possible and have the right prep strategy based on your background to maximize the chance to get your feet in BCG.
Start learning and practicing early
Consulting prep is ideally a long process. You may spend a year or even more learning the fundamental skills and embracing the mindset, and at least 2-3 months preparing for the resume screening, the tests and case interviews.
I’ve had customers who passed the recruitment process with very little preparation, but that’s more the exception than the norm. So if you are running out of time, you might still have a chance – by quickly learning the “killer tips” offered in the Case Interview End-to-End Program. But in general, it’s always good to start early.
To equip yourself with the most well-rounded skill set for BCG Internships, read up and practice on the following topics:
As mentioned, BCG has its favorite recruiting grounds, and the firm even develops a portal for its target schools. This means if you’re from one of the target schools, congrats, your chances are already much higher than the people who aren’t. Besides the prestige of the big brand name schools, you can connect with the BCG alumni and access other available resources easily.
On the other hand, if you’re from a regular school, you have to put extra effort into networking and practice. I’ve written an article on how to enter top consulting firms from non-target schools. Make sure to check it out.
Below is a list of top schools contributing significant percentages of consultants at BCG – according to a 2018 analysis of Wall Street Oasis users. This list, however, might not be comprehensive, so please check directly from the BCG website to know whether your school is targeted and maximize your resources, if available.
University of Michigan
University of Pennsylvania
New York University
University of California Berkeley
The University of Texas at Austin
University of Virginia
University of Maryland – College Park
University of Notre Dame
Step 2: Build network early on
Networking is important because most consulting firms, including BCG, start with official referral systems to recruit the best candidates without expending too much effort. Candidates with a referral have higher chances of getting their CVs screened and landing interviews, hence higher chances to be offered jobs. If you can find a mentor – a current/former consultant at your target firm – along with the referral, he/she can provide you with invaluable insider advice.
When to start networking?
As early as possible – relationships take time to build.
If you’re still in school, network a year before career events to be one step ahead of the competition, then try to get referrals. Referrals increase the chances of your CV being reviewed by recruiters in the first place.
Who to network with?
Anyone from any practice can refer you, so don’t worry too much about applying for one practice while being referred by people from other practices.
What really matters is the seniority of your contacts. Often, one referral from a Partner is equivalent to multiple referrals from non-partners. So the bottom line is: if you can’t get a referral from a Partner, be sure many non-partners in that office are willing to vouch for you.
How to network for a BCG internship?
Now that you know who best to network with, where can you find these people? There are four common ways to start networking.
After networking, the next step is to prepare for all the parts of the consulting recruitment process.
Step 3: Write resume and cover letter screening
The first step in the consulting recruitment process is resume screening, and even this early, your resume and cover letter must be “consulting!”. In both of these papers, explicitly but objectively show off your consulting attributes: leadership, achieving, and problem-solving.
In both of these papers, your stories must highlight the three attributes – either be about leading and influencing people, doing analytical work, achieving the extraordinary, or any combination.
You must also be highly specific and result-oriented. Instead of reciting the company’s job descriptions like in other resumes, you need to tell the screener the quantifiable results of your work and show him/her that you are the best.
Specific statements such as “Set the new speed record on flipping burgers, surpassed the previous record by 50%”, are more impressive and more trustworthy – even outside the consulting industry.
Regarding the format, there is no other option but black-and-white. Keep it absolutely formal and professional. Fancy-looking resumes and cover letters are for creative jobs, not the conservative consulting industry. The recruiters will not even look at such resumes.
Regarding the structure, every bullet, every part of the resume must be the same. The language must be formal. Communication must be top-down, both in resumes and cover letters.
Step 4: Pass the BCG Potential Test
What is the BCG Potential/Online Test?
The BCG Potential Test is a screening test used by the Boston Consulting Group (BCG) to assess a candidate’s numerical, verbal, and logical thinking abilities. The test is available in 2 formats – paper-based, and computer-based – the latter sometimes referred to as the “BCG Online Test”.
How to prepare for the BCG Potential/Online Test?
There are four steps on how you should prepare for BCG Potential Test:
Step 5: Pass the BCG fit interview
What do they ask in the BCG fit interview?
Typically, questions in BCG Fit Interview fall into four categories:
The questions in the fit interview usually require you to tell a story about “that one time in your life” to illustrate your character and values. So the best way to ace them is to prepare 3-5 well-rounded, detailed stories. You should also view these stories from every possible angle, showing off either a consulting trait or your values.
Sometimes, you have to use the same story to answer several question types with different angles. This means that 3-5 well-prepared stories are good to go. Such an approach can give you the flexibility to answer any questions, even the unexpected ones.
So how can you prepare such stories? Spend your efforts on three layers of a story – the content base, the plot, and the style.
Step 6: Pass the BCG case interview
Besides the fit interview, candidates must also pass the case interview before they officially become interns/staff at BCG.
What are case interviews?
Case interviews are job interviews where the candidate is asked to solve a business case or problem. At BCG, case interviews often last 30-45 minutes each, and candidates often go through 2 to 4 case interviews. These interviews are likely done by senior Partners or Directors.
What are BCG case interviews like?
BCG case interviews are often candidate-led. At the most extreme of this format, the candidate “leads” the problem-solving process breaking down the problem through an “issue tree” and hypothesizing for the root causes. The interviewer assists the candidate by supplying data to test their hypotheses.
Some BCG offices also use written interview cases. A written case interview is a case interview where you receive the questions and data, as well as deliver your recommendations in written forms of communication.
How to prepare for BCG case interviews?
Whether you have a written case or a candidate-led interview, they both resemble closely to real consulting work. Therefore, you need to approach these cases in the same way real consultants approach their projects. I recommend you practice the following topics:
#1: Familiarize with candidate-led case examples
Get used to the flow of a candidate-led case interview by watching as many examples as possible. You can find several samples cases provided by BCG here:
#2: Practice consulting math
Consultants work with quantitative data a lot. Often, there is not enough time to take a calculator when you’re in the middle of the work, and doing so in front of clients makes a bad impression. This is why mental math skills are important.
In the beginning, consulting math can be difficult for some; nonetheless, I have a few tips for you to ease the process and still practice effectively:
Having business intuition and knowledge will undoubtedly enhance your performance in case interviews.
Business intuition cannot be developed overnight, so you need to practice it daily. I personally improve my business intuition through two sources:
As an intern in BCG, you will need to tackle real business problems; hence, knowing the fundamental concepts of consulting problem-solving is crucial. In the candidate-led case interview, particularly, make sure to master the use of hypotheses, issue trees, MECE principle – they are the backbone of this interview kind.
You should also familiarize yourself with some common frameworks. Be careful though, frameworks need a lot of customizations to fit with real cases, and to customize effectively you need the fundamental knowledge. In the beginning, it will tempting to focus on the frameworks – if you make this common mistake, be prepared for some very unpleasant surprises in the interview.
I’ve written an article on Case Interview Frameworks, with tips and techniques in case interviews, as well as some myth-busting on common misconceptions about frameworks. Make sure to spend some time reading it.
#5: Perform mock interviews
The best way to train on something is to do it.
Well, you CAN’T simply come to BCG and ask them for a case interview, but you CAN find a partner to conduct mock interviews for you. If you can find yourself a former consultant to do it, great! They’ve been through countless case interviews, both mock and real, so they can give you valuable feedback.
Make the best of every mock interview you do by recording and listening to them afterward. You’ll realize a lot of mistakes and areas you can improve.
Management consulting is an industry providing expensive and professional advice to organizations to improve their overall performance, through better “management”, which includes strategy, governance, operation, organization, finance, and marketing. The three most prestigious management consulting firms are McKinsey, BCG, and Bain (the Big Three).