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Glad am ending the year with this

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It is a concern, you have to figure out if it is worth it. Is the comp high enough that you can take care of all the taxes as well as health insurance by yourself? I assume this means no carry as well. The PE firms which have done this all seem to not value Ops very much. Are you the only 1099, or are there others?
I would be the 1099. I think the fact I’m on a visa means this is a non-starter. I’m going to try negotiate
Sounds like a major red flag to me. You’ll be contractor and firms churn those out as soon as there is no need for them any longer. I would not leave BCG and all your perks to be a second class citizen at a firm who clearly doesn’t value their Ops team.