I am about to join BCG in OTC model which is as an contract Specialist Position for 1 year in Manufacturing & SC, It is not a payroll position.
I was hoping if I could get some genuine feedback regarding the contract Specialist position, how is the culture and conversion rate to FTE and overall feedback for this position. How does the benefits varry for an FTE.

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I have worked in this position few years back. I was contracted as generalist and I think you can convert after 1-2 years if you are able to good work and build sponsorship with 2-3 partners/SPs. Work wise you will be expected to work as any other consultant on the project and therefore learning wise same as any other FTE. Only you may feel slightly out of place with no cohort connects and meetups.

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I left before the contract ended for education. But I know folks who have converted. Will not say its easy, also depends on external factors like how is BCG doing as a business and if they are hiring actively. But it is very much possible. And in anycase it will open up exit opportunities for you.

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