Bain & Company is a business management consultancy firm, established in 1973 in Boston. Today, Bain operates out of 48 locations across 31 countries, with a significant presence in the US, Europe, South and Southeast Asia. In the UK, Bain London has been in business since 1979 and provides consultancy services across a wide range of industries for businesses, both big and small. The London office is comprised of about 400 people, including consultants and support staff.
With Bain, employees gain real-time experience and knowledge in running a business from the top management or owners’ viewpoint. The focus is on preparing strategy which leads to the creation of tangible, measurable benefits for clients.
They sum up their approach in one phrase – Shared Ambition, True Results. This means that they care for every business as if it was their own and pursue pragmatic, action-orientated, enduring and repeatable results.
All new hires are paired with an experienced employee as well as a mentor, in order to facilitate their absorption into the Bain work culture. The mentor is responsible for the employee’s professional development through a structured system of formal and informal coaching, on-the-job guidance and regular performance appraisals at two levels: (a) appraisal at the end of a consulting project; and (b) regular half-yearly reviews.
All new Associate Consultants and Consultants undergo a mix of global and local training at regular intervals. Introductory training is classified by individual roles and scheduled as follows:
For Associate Consultants: preliminary training for two weeks at the local office, followed by two weeks of global training in Virginia or Cape Cod in the US.
For Consultants: preliminary New Consultant Training (NCT) at the local office for one week, followed by one week of global NCT conducted at Montreal or Miami.
New joinees are allocated to a case team which consists of two partners, a manager and several associate and full consultants, based on project requirements. Based on the client and case being managed, employees can expect to work at the Bain office or client location.
Internships & Placements
Bain and Company offers two separate summer internship programmes for regular undergraduates and business school students.
Internships for Undergraduates
Penultimate year students interested in pursuing a career in business consulting at Bain and Company are eligible for the Associate Consultant Intern (ACI) programme. ACIs are assigned to work on actual client projects during the training period and are assigned various tasks including, collecting and reporting relevant data, understand the working of various management tools used by the company, interact with clients, peers and seniors, etc. Each intern is assigned to a case team consisting of associate and full consultants, team leaders, managers and supervising partner.
Important: The London office does not offer the ACI programme.
Business School Students
MBA students who’ve completed their first year of study are eligible to apply for the Summer Associate (SA) programme. The programme is usually conducted during the months of July and August and details for the application and selection process are updated in the ‘Your Campus’ section of the website, sorted by school/college (http://www.joinbain.com/apply-to-bain/bain-on-your-campus/).
The programme begins with a formal global induction for all SAs across Bain’s offices, following which they are assigned to work with case teams at the local office where the internship application was made.
Summer Associates are allocated tasks similar to full-time consultants (the role they will take up if they join the company), including client management, providing solutions to business issues at hand, industry-specific application of management concepts and develop their professional networks.
School Leaver Programmes
Salary & Benefits
For more information on benefits and rewards available at Bain, head over to their site.
While the minimum educational qualifications depend upon the role applied for and university/institution where education was received, there are certain qualities which the company is quite particular about. Individuals, who are highly-driven, goal-oriented and committed to making an appreciable difference with their skills and approach, fit Bain’s ideal employee requirements to a ‘T’.
A strong flair for logical and analytical thinking is a must, irrespective of educational pedigree. However, a record of academic excellence and achievements in activities outside the classroom remain an important consideration.
Positions in Bain are recruited based upon four categories of academic qualifications: (a) undergraduates; (b) Masters degree holders; (c) MBAs from top-tier business schools; and (d) candidates holding advanced professional degrees, such as a PhD. Degrees can be in any discipline, provided candidates have secured an ‘A’ grade in mathematics at GCSE, A-levels or acceptable equivalent studies.
Typically, Associate Consultants (ACs) are hired from the first two categories, as are Senior Associate Consultants (SACs), with an additional proviso of three years full-time work experience. MBAs and advanced degree holders join at a Consultant level.
While the career and recruitment web pages at www.joinbain.com provide general guidelines for roles across the globe, candidates need to check the available vacancies and specific requirements in the respective locations/offices, where they wish to work. For example, in the UK, students need to check for details in the Bain London web pages.
How To Apply
The process begins with the submission of an online application form (www.joinbain.com/apply-to-bain/apply-now/default.asp), a brief but informative CV and a covering letter explaining why the candidate is a good fit for Bain. Details of educational qualifications, grades, test scores, work experience and extracurricular activities should be provided. Applications are reviewed by a recruitment committee and shortlisted candidates are invited for interviews.
The company follows a comprehensive interview process consisting of general interviews related to candidate profiles and experiences and special case interviews where candidates are required to evaluate and solve various case studies, built on actual situations encountered by Bain.
The structure and number of interviews depend on the role, academic background and the Bain office chosen by the candidates, as listed below:
Associate and Senior Associate Consultants undergo two sets of interviews. The first set consists of two interviews of 35 minutes each, combining case studies and candidate experience/profile; conducted by a current AC and Consultant.
The second set of interviews is further split into three case-study interviews of 45 minutes each, conducted by a Manager.
Candidates applying for the Consultant role also face two rounds of interviews; Round one is two case interviews of up to 45 minutes duration; Round two is comprised of two to four case-study/general experience interviews of up to 45 minutes duration.
All queries concerning the recruitment process should be addressed to Francina Mendoza by email—Francina.Mendoza@Bain.com or via phone at 020 7969 6287.