BCG/Bain - how does your review process work? What are the ratings, what % get each one, and how is it all tied to bonuses/promotions? Ours is changing and I'm curious to know how peers do it.

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Since you mentioned peers, below is how we do our review process:
We put names across a dartboard and throw the darts to decide the end of year compensation plus bonus

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D1, you can be a peer when you stop advertising on every airport gateway in the world, get rid of bag tags and stop making logo swag.

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Two review cycles per year but end of year is the one that typically has more weighting. We have rating and trajectory. Rating - most get 'SC' or strong contributor. Some get inconsistent contributor (IC) and some get frequently exceeding (FE). Rare cases someone will get consistently outperforming (CO). Trajectory is 'up' meaning likely to be on track for future development while some may get 'unclear.' If you get SC, you get 100% of target bonus. For other ratings, you'll get a kicker (or for IC, partial). Promotions - with twice a year review cycles, it means more opportunity to get a look though most will follow fairly similar timing assuming you get SC. You could be fast tracked with FE, definitely with CO.

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End of case reviews or every 4 months of long case. 6 scored dimensions, 5 point scale. Heavier emphasis on qualitative comments. 2-3 career development committees / year for each person. After the first 1-2, racked and stacked on 4x4, potential vs performance. Top four boxes on track, next edge at risk, outer edge counseled out. Boxes tie closely to bonus % of target/max, though there are more granular buckets after a couple years. Target/max % are standard by level, your perf is a multiple against those and your comp.

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B1 is right, but one thing I'd add is that there is some regional variation. In the US most of a hiring cohort seems to advance together through promotions as long as they're on the same trajectory. In EMEA there seems to be a wider distribution of scores and, in at least some offices, there is a promotion window every 3 months and strong performers are more likely to get fast tracked

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How is your process changing?

How is ours changing OP?

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