# Boston Consulting Group
**Boston Consulting Group** (BCG) is a global management-consulting firm founded in 1963 by Bruce Henderson and headquartered in Boston, Massachusetts, that advises corporations and other organizations on strategy, innovation, and competitive advantage.[1](https://www.forbes.com/companies/bcg-boston-consulting-group/) The firm reports 33,500 employees and $14.4 billion in annual revenue, with offices in more than 100 cities across more than 50 countries.[2](https://www.bcg.com/about/overview)
| Key fact | Detail |
|---|---|
| Founded | 1963, by Bruce Henderson[3](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf) |
| Headquarters | Boston, Massachusetts[1](https://www.forbes.com/companies/bcg-boston-consulting-group/) |
| Scale | 33,500 employees; $14.4 billion annual revenue (firm-reported); 100+ cities in 50+ countries[2](https://www.bcg.com/about/overview) |
| CEO | Christoph Schweizer[1](https://www.forbes.com/companies/bcg-boston-consulting-group/) |
| Ownership | Privately held corporation wholly owned by the members of its partnership[3](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf) |
| Coverage | 16 industries and 20 capabilities, supported by 9 specialty businesses[2](https://www.bcg.com/about/overview) |
| Tech and AI share | 40% of revenue from tech and AI work (firm-reported)[2](https://www.bcg.com/about/overview) |
## Ownership and governance
BCG is a privately held corporation wholly owned by the members of its partnership.[3](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf) It is governed by a board of governors and an Executive Committee; the CEO and the Executive Committee act on the board's behalf, and each CEO can serve a maximum of two terms, elected every four years.[3](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf) The current chief executive is Christoph Schweizer.[1](https://www.forbes.com/companies/bcg-boston-consulting-group/)
## Practice areas and specialty businesses
The firm serves 16 industries and 20 capabilities, supported by 9 specialty businesses.[2](https://www.bcg.com/about/overview) Its named specialty businesses include BCG X, which builds and scales new products, services, and businesses by combining advanced technology, AI, and design with industry expertise; BCG Platinion, focused on platforms and IT architectures; BCG U, for capability building; the Centre for Public Impact; and the BCG Institute.[2](https://www.bcg.com/about/overview)
BCG reports that 40% of its revenue now comes from tech and AI work.[2](https://www.bcg.com/about/overview)
## Social impact
Since 2020, BCG has invested $1.5 billion in social and planetary impact, and in 2023 it completed more than 2,200 cases related to social and planetary impact for over 1,000 clients.[3](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf) The World Economic Forum, of which BCG is a partner, describes the firm as a pioneer in business strategy that helps clients with total transformation, including inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.[4](https://www.weforum.org/organizations/the-boston-consulting-group/)
## By the numbers
Reported figures differ by source and reporting period. BCG's 2023 sustainability report states about 32,000 employees and $12.3 billion in revenue.[3](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf) Forbes lists 33,500 employees and $13.5 billion in revenue.[1](https://www.forbes.com/companies/bcg-boston-consulting-group/) BCG's current corporate overview page reports 33,500 employees and $14.4 billion in annual revenue.[2](https://www.bcg.com/about/overview) The headcount figures agree between Forbes and BCG's own page; the revenue figures do not, and no single figure can be stated as definitive.
BCG also states that its Top 100 clients achieved 12% higher shareholder returns compared to the S&P 1200; this is a firm-reported claim.[2](https://www.bcg.com/about/overview)
## What has changed since 2023
Between the 2023 sustainability report and the firm's current overview page, reported revenue rose from $12.3 billion to $14.4 billion and reported headcount from about 32,000 to 33,500.[3](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf) • [2](https://www.bcg.com/about/overview) The share of revenue from tech and AI work is reported at 40%, and BCG X is positioned as the firm's unit for building AI and technology products alongside traditional consulting.[2](https://www.bcg.com/about/overview) These figures are largely firm-reported.
## References
1. [BCG (Boston Consulting Group) | Company Overview & News, Forbes](https://www.forbes.com/companies/bcg-boston-consulting-group/)
2. [About Us | Strategic Clarity and Applied AI | BCG](https://www.bcg.com/about/overview)
3. [BCG Annual Sustainability Report 2023](https://www.bcg.com/assets/2024/annual-sustainability-report-2023.pdf)
4. [Boston Consulting Group (BCG) | World Economic Forum](https://www.weforum.org/organizations/the-boston-consulting-group/)
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