Booz Allen Hamilton
Headquarters:
8283 Greensboro Drive
McLean, VA 22102
Employees: 19,000+
CEO: Ralph Shrader
Privately held
Website:
http://www.boozallen.com
Career
Site
Booz Allen Hamilton is a major strategy
and technology consulting firm. It provides services to major
international corporations and government clients around the
world. Booz Allen's major areas of expertise include:
- Corporate Finance & Business Analysis
- Information Technology
- Marketing & Sales
- Mergers & Restructuring
- Operations & Logistics
- Organization & Change
- Product & Service Innovation
- Public Sector Mission Effectiveness
- Strategy & Leadership
- Systems Engineering & Integration
The firm is privately held and generated
$4.1 billion in revenues in fiscal 2006. It has clients on six
continents and experience in more than 20 industries and government
work. Clients include the Department of Defense and federal agencies.
Booz Allen Hamilton takes its name from
three founding partners, Edwin Booz, James Allen, and Carl Hamilton.
In 2001, the firm's name was updated worldwide dropping the punctuation
between the founder's names (previously, there had been a dot
between Booz·Allen and an ampersand between Allen &
Hamilton, so older references to the firm's name typically read
Booz·Allen & Hamilton).
History
1914-29
- The early years. Edwin G. Booz establishes a new industry:
management consulting.
1914 - Booz graduates from Northwestern University with
a master's degree and establishes The Business Research Service,
a consulting firm headquartered in the Otis Building in Chicago.
His first major client is the Illinois State Railroad.
1917 - Booz is drafted into the U.S. Army; attains rank
of Major. Works for personnel system during WWI.
1919 - Booz returns to Chicago and opens Edwin G. Booz,
Business Engineering Service; State Bank & Trust of Evanston,
IL, provides loan-and becomes first client.
1924 - The firm changes its name to Edwin G. Booz Surveys.
1925 - George W. Fry joins the firm as its second employee.
1929 - James L. Allen joins as third employee. Firm moves
to new Chicago Daily News Building. Clients include U.S. Gypsum
Company, Goodyear Tire & Rubber Company, Montgomery Ward,
The Chicago Daily News, and the Chicago Tribune.
1934 -
James L. Allen leaves the firm to take a position at Ditto Inc.
The firm opens its first branch office, in New York City, with
George W. Fry in charge.
1935 - The firm changes its name to Edwin G. Booz and
Fry Surveys. Carl L. Hamilton, from Weyerhauser, joins the
firm as partner.
1936 - Allen returns and the firm become a four-person
partnership called Booz, Fry, Allen, & Hamilton. Clients
include Container Corp. of America. Work for American Red Cross
leads to more institutional work.
1942-43
- Edwin G. Booz and George W. Fry dispute the future of government
consulting. James L. Allen temporarily leaves the firm and Fry
resigns to start his own consulting business. Allen later returns
and the firm adopts the name Booz, Allen & Hamilton.
Benefits
Comprehensive Health Benefits
Booz Allen offers flexible health benefits that enable staff
to choose from a variety of plans to meet their own needs and
those of their families.
Family-Friendly Programs
In keeping with its commitment to a work/life balance, Booz Allen
has family-friendly policies and programs that help staff balance
their personal and professional lives. These include:
- Flexible work arrangement policy.
- Paid personal leave to meet specified personal commitments.
- An Employee Assistance Program that provides individual and
family counseling.
- Paid Parental leave.
- Family and medical leave.
- Short- and long-term disability (including short-term disability
for new mothers).
- A Resource and Referral Service to provide educational material
and expert referrals to assist staff in meeting the demands of
their personal lives
- Reimbursement accounts for tax savings on medical and dependent
care expenses.
- Employee-centric approach to Community Relations.
Profit-Sharing and Savings Plan
Booz Allen's profit-sharing and savings plan, the Employee Capital
Accumulation Plan or ECAP, is a tax-deferred, defined contribution
plan that has two parts:
- A 401K plan that allows staff to shelter from taxes up to 10%
(to the legal limit) of their salary via payroll deductions,
beginning two months after they join the firm
- Profit sharing in which the firm can make an annual contribution
of up to 10% of a staff member's eligible compensation and an
additional 5.7% of their eligible compensation over the Social
Security wage base, if applicable.
Updated October 10, 2007
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