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Edwin Booz

Born 1887 · Age 138

American management consultant and co-founder of the consulting firm that became Booz Allen Hamilton.

Total Events
41
Career Span
106 years
Peak Net Worth
$1,000,000

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Life & Career Timeline

1887Age 0

Born in Reading, Pennsylvania

Edwin George Booz born to Thomas H. Booz and Sarah (Spencer) Booz in Reading, Pennsylvania.

9/2/1887Source
Confidence
99%
1891Age 4

Mother died (Sarah Spencer Booz)

Edwin's mother, Sally (Sarah) Spencer Booz, died when Edwin was about four years old.

1/1/1891Source
Confidence
80%
1908Age 21

Accepted to Northwestern University

Booz began studies at Northwestern University (Kellogg School), setting the path for his academic background in economics and psychology.

1/1/1908Source
Confidence
90%
1912Age 25

Earned bachelor's degree in economics

Booz completed a bachelor's degree in economics at Northwestern University.

1/1/1912Source
Confidence
95%
1912Age 25

Worked as advertising statistician (Woman's World)

During graduate school Booz worked ~16 months as an advertising statistician for Woman's World magazine; his supervisor encouraged him to start his own business.

1/1/1912Net Worth: $100Source
Confidence
85%
1914Age 27

Earned master's degree in psychology; thesis completed

Received an M.A. in psychology from Northwestern; master's thesis titled 'Mental Tests for Vocational Fitness' advised by Walter Dill Scott.

1/1/1914Net Worth: $200Source
Confidence
95%
1914Age 27

Founded Business Research Service (first consulting firm)

Immediately after graduation Booz borrowed funds and opened a small consulting firm in Chicago under the name Business Research Service, offering studies and investigations for commercial and trade organizations.

1/1/1914Net Worth: $500Source
Confidence
95%
1915Age 28

Public announcement of Business Research Service

Edwin G. Booz announced in Engineering News (Dec 23, 1915) that he was open for business under the Business Research Service banner.

12/23/1915Net Worth: $750Source
Confidence
80%
1916Age 29

Formed Business Research & Development Company (with partners)

Two years after his graduation (circa 1916) Booz and two partners formed the Business Research and Development Company to conduct studies for commercial and trade organizations.

1/1/1916Net Worth: $1,200Source
Confidence
60%
1917Age 30

Drafted into U.S. Army (World War I)

Booz's business was briefly put on hold while he served in the U.S. Army (1917-1919), working in personnel and bureau reorganization under Walter Dill Scott.

1/1/1917Net Worth: $1,500Source
Confidence
95%
1918Age 31

Married Helen Hootman Booz

Edwin G. Booz married Helen Hootman Booz (marriage year listed as 1918). They had two children.

1/1/1918Net Worth: $1,200Source
Confidence
90%
1919Age 32

Left Army as Major; returned to civilian consulting

Booz left military service in March 1919 as a major in the Inspector General's Office and returned to Chicago to resume consulting and start Edwin G. Booz, Business Engineering Service (new firm name).

3/1/1919Net Worth: $2,500Source
Confidence
90%
1920Age 33

Early major clients secured

Early clients for Booz's firm included Goodyear Tire & Rubber, Chicago's Union Stockyards & Transit Company, Canadian Pacific Railroad, Walgreen, Harris Trust & Savings Bank and Northwestern University.

1/1/1920Net Worth: $9,000Source
Confidence
85%
1923Age 36

Fraternity tribute published

Edwin Booz's fraternity published a tribute to him in its 20th-anniversary newsletter (1923).

1/1/1923Net Worth: $5,000Source
Confidence
60%
1924Age 37

Firm renamed Business Surveys

To better reflect its focus on studies and analysis, Booz changed the firm's name to Business Surveys in 1924 and emphasized personnel-oriented, applied-psychology approaches.

1/1/1924Net Worth: $8,000Source
Confidence
90%
1925Age 38

Hired first full-time assistant, George Fry

George Fry, another Northwestern alumnus, was hired as Booz's first permanent full-time assistant; U.S. Gypsum became a major client.

1/1/1925Net Worth: $12,000Source
Confidence
90%
1929Age 42

Hired James L. Allen; moved office to Chicago Daily News Building

In 1929 James L. Allen joined the firm and Booz moved his office into the new Chicago Daily News Building; the firm continued to grow its client base.

1/1/1929Net Worth: $25,000Source
Confidence
90%
1931Age 44

Conducted study of American National Red Cross

Booz personally conducted the firm's first-ever nationwide institutional study for the American National Red Cross, expanding the firm's institutional consulting work.

1/1/1931Net Worth: $35,000Source
Confidence
85%
1935Age 48

Carl Hamilton joined the firm

Carl Hamilton, a marketing specialist from Weyerhaeuser, joined the firm as a partner (mid-1930s), adding business and marketing expertise.

1/1/1935Net Worth: $50,000Source
Confidence
80%
1936Age 49

Firm reorganized as partnership Booz, Fry, Allen & Hamilton

After helping Montgomery Ward recover, Booz persuaded James Allen to return and reorganized the company into a partnership named Booz, Fry, Allen & Hamilton in early 1936.

1/1/1936Net Worth: $80,000Source
Confidence
90%
1937Age 50

Moved into the Field Building (Chicago)

The firm moved into the new Field Building in Chicago (late 1930s) where it remained for decades.

1/1/1937Net Worth: $92,000Source
Confidence
80%
1938Age 51

Major engagement: Montgomery Ward turnaround

The firm took on a large assignment to improve Montgomery Ward's management and operations (1938), which was a marquee client project.

1/1/1938Net Worth: $90,000Source
Confidence
85%
1940Age 53

Hired by U.S. Navy to assess preparedness

Secretary of the Navy Frank Knox engaged Booz's firm to evaluate Navy preparedness, shipyards, telephone systems and intelligence operations — the firm's entry into military consulting.

1/1/1940Net Worth: $120,000Source
Confidence
95%
1942Age 55

Internal partner friction; George Fry resigned

The firm's growing government work caused internal friction; George Fry resigned in December 1942 to start his own consulting business; James Allen briefly departed and then returned to help reorganize the firm.

1/1/1942Net Worth: $145,000Source
Confidence
80%
1942Age 55

Newsweek article cites Booz's Navy work; appointed special assistant

Newsweek (Oct 5, 1942) described Booz's role; Edwin Booz was described as a specially appointed assistant to the Secretary of the Navy, leading internal reorganization and phone/mail system improvements.

10/5/1942Net Worth: $150,000Source
Confidence
90%
1945Age 58

Postwar scale: nearly 400 clients; multiple offices

By the end of WWII the firm served nearly 400 clients nationwide with offices in Chicago, New York and Los Angeles.

1/1/1945Net Worth: $300,000Source
Confidence
90%
1946Age 59

Partial retirement from the firm

Edwin G. Booz partially retired from active involvement in the firm in 1946 (sources differ on exact timing of full retirement).

1/1/1946Net Worth: $400,000Source
Confidence
80%
1946Age 59

Carl Hamilton died; James L. Allen became chairman

Partner Carl Hamilton died in 1946; James L. Allen became chairman of the firm following Hamilton's death.

1/1/1946Net Worth: $410,000Source
Confidence
85%
1947Age 60

Reported full retirement from firm

Sources state Booz retired from the firm in 1947, leaving Allen to lead the firm's governing board (some sources indicate partial retirement occurred in 1946).

1/1/1947Net Worth: $450,000Source
Confidence
70%
1947Age 60

Air Force contract: guided missile production study

Booz Allen received a 1947 Air Force contract to conduct the government's original production management study on guided missiles — beginning Wright Field assignments (1949–1955).

1/1/1947Net Worth: $460,000Source
Confidence
90%
1951Age 64

Died of a stroke in Evanston, Illinois

Edwin G. Booz died October 1, 1951 of a stroke in Evanston, Illinois.

10/1/1951Net Worth: $1,000,000Source
Confidence
60%
1953Age 0

Booz Allen's first international contract (Philippines)

The firm (post-Booz) landed its first international contract in 1953 to study and reorganize land-ownership records for the newly established Philippine government.

1/1/1953Source
Confidence
90%
1955Age 0

Formation of Booz Allen Applied Research, Inc. (BAARINC)

A group of partners formed BAARINC as a separate corporate entity in 1955 to pursue guided-missile and intelligence-related work.

1/1/1955Source
Confidence
95%
1959Age 0

TIME calls Booz Allen 'world's largest, most prestigious management consultant firm'

By the close of the 1950s, TIME magazine praised the firm as the world's largest, most prestigious management consulting firm.

1/1/1959Source
Confidence
90%
1962Age 0

Firm incorporated as a private corporation

To implement profit-sharing and retirement plans, Booz Allen became a private corporation in 1962; the legal partnership was dissolved though the term 'partner' remained in use.

1/1/1962Source
Confidence
95%
1969Age 0

Firm revenues ~$55M; largest U.S. consulting firm

By 1969 Booz Allen had more than 15 major/project offices on five continents, generating annual revenues of roughly $55 million and earnings of ~$3.5 million.

1/1/1969Source
Confidence
90%
1970Age 0

Booz Allen went public

In January 1970 the firm completed a public offering to gain acquisition currency and diversify (followed the public listing trend of other consultancies).

1/1/1970Source
Confidence
95%
1976Age 0

Firm taken private in buyout (paid $7.75 per share to outside shareholders)

After buying back stock for years, Booz Allen again became private in 1976 via a buyout that paid outside shareholders $7.75 a share.

1/1/1976Source
Confidence
90%
1980Age 0

Annual revenues reached ~$180M

By 1980 the firm had grown to roughly $180 million in annual revenues, reflecting rapid expansion over the prior decade.

1/1/1980Source
Confidence
85%
1991Age 0

Acquisition of Advanced Decision Systems assets (AI)

Booz Allen acquired major assets of Advanced Decision Systems in 1991 to build an artificial intelligence division.

1/1/1991Source
Confidence
80%
1993Age 0

Led privatization strategy for former Soviet states

Booz Allen was hired by USAID in 1993 to devise a privatization strategy and to lead a consortium for privatizing industries in 11 newly independent states.

1/1/1993Source
Confidence
85%

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