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Boston Consulting Group Changes Hiring and Intern Plans

BCG’s new New York office at 10 Hudson Yards – overlooking the Hudson River. Photo by Anthony Collins

Boston Consulting Group Changes Hiring and Intern Plans

With many companies canceling internships and freezing hiring, it seems one company is still trying to make plans work for students.

Boston Consulting Group recently announced that it will be offering students three work options for summer internships, Business Insider reports.

INTERNSHIP PLANS

Option one will allow BCG summer interns will to start a virtual internship in June. Interns also have the option to pitch a social impact project or work at a nonprofit. All three options will include full compensation.

BCG MBA interns tend to make around $28,000 for a 10-week internship, according to Business Insider.

While not all internships may take up the full 10 weeks, pay will be the same regardless of the timeline. For those pursuing the six-week social impact project, BCG says, interns must work for a non-profit organization and the project must be preapproved.

START DATES DELAYED FOR FULL-TIME EMPLOYEES

While BCG is still honoring its new full-time hires, the firm will be delaying start dates.

New full-time employees will be organized into groups of three, each having a 1-month, 2-3 month, or 3-4 month delay in onboarding.

BCG says immigrant employees with visas or work permits will be prioritized and be given the earliest start dates.

A NEW VIRTUAL REALITY

While consultants are used to constant travel to client sites, the COVID-19 pandemic has put that on hold.

BCG says that while virtual work is required right now, it isn’t ideal.

“We and our clients are learning that you can get a lot of work done without being physically co-located in the same room,” Rich Lesser, CEO of BCG, tells Business Insider. “A fully remote workforce that we’re functioning on right now isn’t a sustainable model, but the ratio of the amount of travel a year from will definitely be adjusted.”

On top of its workforce going virtual, BCG will also likely keep recruitment virtual as plans to open b-schools remain unknown.

Sources: Business Insider, Poets & Quants, Business Insider