BCG: how does the firm decide leveling between PL and principal for lateral hires? What are partners looking for in a potential principal during an interview, beyond existing title, etc?

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Expertise that would be additive - if you’re part of a fast growing space and we’re trying to grow our presence in it improves odds we’d consider you for a more senior role. To be a principal lateral we’d have to feel that we couldn’t easily home grow what you bring to the table. Got to be able to showcase that expertise. We also would consider you for principal if you’ve got commercial potential already - can be demonstrated in a number of ways but if you’ve got a track record of commercial excellence or deep industry relationships would likely incline us to a more senior role.

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Is the idea to speak to relationships, expertise, etc during the personal experience part of the interview?

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Is this driven more by relationships ie direct commercial potential or knowledge / expertise showcase ie indirect commercial potential?

How would time spent by activity differ from PL to Principal? Maybe PL is 95% focused on execution while Principal is almost always multi staffed and overseeing?

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