Who We Are
BCG pioneered strategy consulting more than 50 years ago, and we continue to innovate and redefine the industry. We offer multiple career paths for the world's best talent to have a real impact on business and society. As part of our team, you will benefit from the breadth and diversity of what we are doing today and where we are headed next. We count on your authenticity, exceptional work, and strong integrity. In return we are committed to supporting you in discovering the most fulfilling career journey possible-and unlocking your potential to advance the world.
Practice Area
BCG's Insurance Practice serves four industry sectors: Life insurance, Property & Casualty, Commercial & Reinsurance and Health, as well as Insurance brokerage firms. The practice works on the full range of issues of concern to top management, from strategy to operating model redesign, digital transformation, cost, process improvement, risk management strategy, asset management, product development, customer focus, and sales force effectiveness. We have a strong global network and "on-the-ground" experience in all major markets. The Global Practice currently comprises over 200 senior staff and works in Europe, Middle East, the Americas, and Asia Pacific, with a total of 44 insurance active offices worldwide. Our client base is the world's leading global and regional insurance and reinsurance companies and investment and wealth managers. The members of the Insurance Team combine relevant regulatory, technical and analytical know-how with the BCG core competencies: planning, steering and strategy for top management. We help companies identify and develop growth opportunities that reshape the future of the Insurance industry. We discover new avenues for value creation and provide process support during times of business transformation. All of our work is underpinned by the tracking of megatrends in the industry and the publication of thought leadership.
What You'll Do
As a Senior Analyst in a Client Focused role within BCG's Insurance Practice Area, you will work in a growing global team, delivering value to clients through both individual expertise and institutionalized knowledge assets (such as products, tools, data, workshops, frameworks, surveys, and domain-specific insights). You will support cases and proposals by providing relevant analysis and insights, helping case teams create significant impact for clients. Occasional travel may be required to serve clients onsite during staffing assignments, where you will gather requirements and develop tailored solutions.You will also play a key role in commercialization efforts for the topic or sector, working closely with business leaders by contributing analysis and insights to proposals, client workshops, and marketing materials. Additionally, as a Senior Analyst, you will help develop intellectual property and assets for the business and assist in onboarding and training junior colleagues, leveraging your expertise in the topic or sector.BCG's Insurance Practice Area helps companies identify and develop growth opportunities that reshape the future of the insurance industry. We discover new avenues for value creation and provide process support during times of business transformation. We globally serve all insurance industry sectors, i.e. life insurance, property & casualty insurance, commercial & reinsurance as well as health insurance.
What You'll Bring
2+ years of consulting experience in insurance required; candidates with consulting experience strongly preferredIn lieu of consulting experience, 3+ years minimum industry experience required; 4-6+ years of industry experience strongly preferredBachelor's Degree required (advanced degree preferred)Fluency in EnglishStrong business acumen and problem-solving capabilitiesStrong written and verbal communication skillsWho You'll Work With
You will work face to face with clients and with BCG Project Leaders, Associates and Consultants. In the period between cases, you will collaborate with global topic leads and colleagues across BCG to bring expertise and capabilities to the service of our internal and external clients. Our team is made up a diverse pool of knowledge positions that allow us to pursue exciting, innovative knowledge careers.
Additional info
Total compensation for this role includes base salary, annual discretionary performance bonus, contributions to BCG's Profit Sharing and Retirement Fund (PSRF), and a market leading benefits package described below.
We expect total annualized compensation for Washington, D.C based employees to be approximately the following:
- Base salary between $115,700- $119,500 (USD); placement within this range will vary based on experience and skill level
- Annual discretionary performance bonus between 0-24%
- 5% Profit Sharing Retirement Fund (PSRF) contribution, increasing to 10% after two years of service. Contributions are vested immediately and there is no waiting period
At BCG, we are committed to offering a comprehensive benefit program that includes everything our employees and their families need to be well and live life to the fullest.
We pay the full cost of medical, dental, and vision coverage for employees - and their eligible family members.* That's zero dollars in premiums taken from employee paychecks.
All of our plans provide best in class coverage:
- Zero dollar ($0) health insurance premiums for BCG employees, spouses, and children
- Low $10 (USD) copays for trips to the doctor, urgent care visits and prescriptions for generic drugs
- Dental coverage, including up to $5,000 in orthodontia benefits
- Vision insurance with coverage for both glasses and contact lenses annually
- Reimbursement for gym memberships and other fitness activities
- Fully vested Profit Sharing Retirement Fund contributions made annually, whether you contribute or not, plus the option for employees to make personal contributions to a 401(k) plan
- Paid Parental Leave and other family benefits such as elective egg freezing, surrogacy, and adoption reimbursement
- Generous paid time off including 12 holidays per year, an annual office closure between Christmas and New Years, and 15 vacation days per year (earned at 1.25 days per month)
- Paid sick time on an as needed basis
*Employees, spouses, and children are covered at no cost. Employees share in the cost of domestic partner coverage.
Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
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