Do we like them?

Do we like Boston Consulting Group (BCG)?

Global management consultancy advising companies and governments, with a growing AI and tech business; based in Boston, US.

Our score: 4 out of 10. Big, successful and well run, but it admitted bribery in Angola and then got caught up in the Gaza aid scandal. We'd be wary of backing it.

BCG is one of the 'Big Three' strategy consultancies. It's a partnership owned by its senior people, run by CEO Christoph Schweizer, who was re-elected for a second term to 2029. It reported 2025 revenue of $14.4 billion, its 22nd straight year of growth, with AI and tech work now over 40% of it.

In 2024 BCG settled an Angola bribery case with the US Justice Department. It admitted paying bribes through its Lisbon office between 2011 and 2017 and agreed to hand back about $14.4 million. The DOJ declined to prosecute, citing self-disclosure and cooperation.

The bigger recent drama was Gaza. The Financial Times reported in July 2025 that BCG had a multimillion-dollar contract with the Gaza Humanitarian Foundation and modelled a possible 'relocation' of Palestinians. BCG had earlier denied involvement. It later said it 'deeply regrets' the work.

BCG said its own US staff dodged internal risk controls on the Gaza work. It fired the two senior partners involved, ended the contract and brought in new client-selection protocols and a new chief risk officer. It won't publish the findings of its WilmerHale investigation. That's some accountability, but only after it was exposed. So we land below the middle.