Booz Allen Hamilton
Headquarters: 8283 Greensboro Drive
McLean, VA 22102
CEO: Ralph Shrader
Stock Symbol: BAH
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
Booz Allen has clients on six continents and experience in more than 20 industries and government work. Clients include the Department of Defense and federal agencies.
The firm has over 80 offices worldwide.
Booz Allen Hamiltion reported $5.47 billion in revenues in fiscal 2014, down 4.9% from $5.75 billion, and net income of $232.1 million.
Private equity firm The Carlyle Group holds about a 37% stake in the company.
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).
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.
2010 - Booz Allen Hamilton goes public on the New York Stock Exchange.
Edward Snowden, an employee of Booz Allen, leaked confidential information about the National Security Agency spying on American citizens in June 2013.
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.
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 December 25, 2014