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History History
BCG founder Bruce Henderson, a former Bible salesman, studied at Vanderbilt and went on to attend Harvard Business School, after which he went on to become one of the youngest vice presidents ever at Westinghouse Corp. After Westinghouse, he joined Arthur D. Little, where he headed the firm’s management services group. His talents caught the eye of the head of the Boston Safe Deposit and Trust Company, and Henderson was asked to form a consulting wing at the Beantown bank in 1963.
Henderson started modestly at the bank, billing just $500 during his first month on the job. But as business picked up, he proved his management acumen by identifying Japan as an up-and-coming market, and opening the first consulting firm in Tokyo in 1966. While making his mark on a global level, Henderson was also helping to shape strategy consulting as we know it, focusing on providing strategic advice to clients’ senior management. In fact, BCG is widely credited as the first strategy consulting firm. By 1966, the firm had 18 employees and was busy developing concepts like the “experience curve” for clients.
First Month''s Billings - $500
BCG is founded by Bruce D. Henderson as the Management and Consulting Division of the Boston Safe Deposit and Trust Company—itself a subsidiary of The Boston Company.
A former Bible salesman, Henderson had earned an undergraduate degree in engineering from Vanderbilt University before attending Harvard Business School. He left HBS ninety days before graduation to work for Westinghouse Corporation, where he became one of the youngest vice presidents in the company''s history. He would leave Westinghouse to head Arthur D. Little''s management services unit before accepting an improbable challenge from the CEO of the Boston Safe Deposit and Trust Company to start a consulting a
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