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Bain & Company

Bain & Company

Bain & Co, referred to as "Bain," is a management consulting firm based in Boston, Massachusetts and is a member of the Big Three management consulting firms.

Bain & Company was founded in 1973 by Bill Bain, and has grown into a significant management consulting firm servicing a number of companies across a wide variety of industries. The consulting firm works with executive teams at Fortune 500 companies, and claims their public clients "have outperformed the S&P four to one." Bain & Company has 59 offices in 37 countries around the world. Bain & Company also actively publishes articles based on proprietary data, expert analysis, and business opinions.

Consulting services

Industries served by Bain & Company consulting services include: aerospace & defense, agribusiness, airlines & transportation, automotive & mobility, chemicals, consumer products, energy & natural resources, financial services, banking, insurance, risk management, financial regulation, forestry, healthcare, pharmaceuticals, medical technology, infrastructure & construction, machinery & equipment, media & entertainment, metals & mining, oil & gas, private equity, due diligence, exit planning, firm strategy, portfolio value creation, sector strategy, real estate, retail, grocery, fashion & luxury, advanced retail buying, omni-channel retail strategy, social & public sector, economic development, higher education, primary & secondary school, government, technology, cloud computing, hardware, information technology services, semi-conductors, software, telecommunications, and utilities & renewables.

Bain Alliance Ecosystem

The Bain Alliance Ecosystems consists of the technological and service providers contributing the the Bain & Company consulting business. Bain & Company works with more than 40 alliance partners, has over 60 pilot stage partnerships, and over 500 clients supported by the Bain Alliance Ecosystem.

Vector

Vector is an automation, machine learning, data mining, and design thinking software platform for business analytics. Vector is used for advanced analytics, automation design/build (ADAPT@Bain), digital marketing (FRWD@Bain), enterprise technology, and new business innovation. It is made to help with high-stake business decisions related to building technology projects.

Hiring practices

Bain & Company focus on hiring consultants through case interviews made to reflect challenges faced by the company's actual clients. The case interviews are given to candidates for consulting and non-consulting roles within the company. They help the company asses the following characteristics of job applicants: approach to problem solving, analytical and creative ability, use of data to quantify recommendations, communication skills, and proposal implementation strategies. Bain & Company offers two practice case interview scenarios on their website. One is focused on consulting an entrepreneur looking to open a coffee shop in a new city, and the second is about how to increase the revenue of a women's fashion company that has seen its profits declining for a couple years.

Recruitment

Bain & Company recruits from the top 20 business schools by running events and sending their associate consultants to the same school to obtain their MBAs. The company hires from about 60 different schools around the world. After hiring a recent MBA graduate Bain & Company hires them as interns they call summer associates or directly as full-time consultants. The summer associate program is a 10-week internship program, and 90% of the participants in the summer associate program become full-time consultants of Bain & Company after completion. After a consultant gains two years experience working at Bain & Company they are offered the opportunity to become case team leaders.

Partnerships
Strategic partnership with World Economic Forum

Bain & Company is a strategic partner of the World Economic Forum for helping improve global, regional, and industry agendas. The company has been a strategic partner of the World Economic Forum for 17 years as of 2020. Bain & Company supports the World Economic Forum through participating in several of its initiatives and partnerships including: Industry Governor Projects, Bain's Young Global Leaders, Bain's Global Future Councils, Bain's World Economic Forum Externships, Bain at World Economic Forum Regional Summits, and the Annual Meeting of the New Champions.

Awards
Best Places to Work 2020, Glassdoor

In 2020 Bain & Company won the Best Places to Work award from Glassdoor. The company places #2 on Glassdoor's Best Place to Work List in 2020, and has maintained a position in Glassdoor's top four position on their Best Places to Work list since 2008.

100 Best Companies to Work for 2020, Fortune

Bain & Company was named on Fortune's 100 Best Companies to Work for 2020 list.

Silver-Level Corporate Social Responsibility Rating, EcoVadis

In 2020 Bain & Company received a Silver-Level Corporate Social Responsibility Rating from EcoVadis. Bain & Company was ranked in the top 25% of all organizations evaluated for the Corporate Social Responsibility Rating to evaluate companies based on their commitment to issues such as labor practices, ethics, sustainable procurement, and the environment.

Highest Rated CEOs 2019, Glassdoor

In 2019 the CEO of Bain & Company, Manny Maceda, made the Highest Rated CEOs 2019 list by Glassdoor based on employee feedback.

Vault Consulting 50 and Best Consulting Firms for Firm Culture 2020, Vault.com

In 2020 Bain & Company made Vault.com's Vault Consulting 50 and Best Consulting Firms for Firm Culture lists.

Timeline

June 7, 2021
Bain & Company announces that Debra McCoy has rejoined the firm as a partner in its global Sustainability & Corporate Responsibility practice.
January 11, 2021
Bain & Company announces the acquisition of Pangea, an Italian data science boutique.

1973
Bain & Company was founded by Bill Bain.

Acquisitions

People

Name
Role
LinkedIn

Hà Khánh

Investor

Ivan Sheldon

Advisor

Sameer Noorani

Advisor

Further reading

Title
Author
Link
Type
Date

7 Things Bain, BCG & McKinsey Look For In Their MBA Hires

Thomas Nugent

Web

August 17, 2020

How to Break into Consulting at Bain--Tips from the Global Head of Consultant Recruiting

Web

January 23, 2018

How to get hired at Bain, according to a recruitment director - Business Insider

Weng Cheong

Web

February 24, 2020

What Makes Bain Different: An Inside Look at the 'Bainie' Culture | CaseCoach

Web

June 12, 2019

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Peerzada Abrar
August 17, 2021
@bsindia
The pandemic was a watershed moment for Indias e-retail market, driving a 12-month acceleration in e-retail penetration, which was at 4.6 per cent by end of FY21
Darrell K. Rigby
August 13, 2021
Harvard Business Review
Don't succumb to the temptation to provide all the answers. Instead, help your team get there themselves.
Sayantan Bera
July 18, 2021
mint
With the funding tap opening up, an agri startup unicorn is no longer a distant dream. But will farmers benefit?.There is, however, another side to the buzz and excitement. Few investors claim that most funds flow into a handful of platforms, while product-led innovations are starved of capital
Sayantan Bera
July 12, 2021
mint
With the funding tap opening up, an agri startup unicorn is no longer a distant dream. But will farmers benefit?.There is, however, another side to the buzz and excitement. Few investors claim that most funds flow into a handful of platforms, while product-led innovations are starved of capital
Nathan Hamilton
July 7, 2021
Harvard Business Review
Five strategies.
Bain & Company
June 25, 2021
www.prnewswire.com:443
/PRNewswire/ -- Bain & Company, a global management consulting firm, has been recognized as a leader in the new IDC MarketScape: Worldwide Digital Strategy...
Bain & Company
June 22, 2021
www.prnewswire.com:443
/PRNewswire/ -- The next five years will bring an intense period of change for industries in the energy and natural resources sector--oil and gas, utilities,...
Bain & Company
June 7, 2021
www.prnewswire.com:443
/PRNewswire/ -- Bain & Company announced today that Debra (Debbie) McCoy, an expert in sustainable investing, has rejoined the firm where she started her...
Peerzada Abrar
May 16, 2021
@bsindia
Reports to CEO Kalyan Krishnamurthy; Development comes amid company plans for IPO
Bain & Company
May 10, 2021
www.prnewswire.com:443
/PRNewswire/ -- Bain & Company, a global management consulting firm, has been recognized as a leader in workforce management services by ALM Intelligence...
By Jonathan Josephs
May 4, 2021
BBC News
The world's biggest jeweller says it will no longer use mined diamonds in a bid to become more sustainable.
Rob Davies and Georgina Quach
April 16, 2021
the Guardian
The Greensill affair shows how some of David Cameron's appointees have been among the most enthusiastic corporate jobseekers. Here's the list...
Bain & Company
March 1, 2021
www.prnewswire.com:443
/PRNewswire/ -- Private equity (PE) activity ground to a sudden halt in the second quarter of 2020 as the reality of Covid-19 became apparent. But the industry...
Anjani Trivedi | Bloomberg
February 22, 2021
@bsindia
It takes approximately $4 billion to set up a fab for the types of chips carmakers need
February 22, 2021
WebWire
Bain & Company expands its European Financial Services team with four new hires in London. Graeme Jeffery joins as a partner with a focus on capital markets and wholesale banking; Nishma Gosrani OBE and Jeff Tijssen join as expert partners, with expertise in corporate culture and fintech, respectively; and Christina Schulz joins as an associate partner with a focus on strategy and transformation. Graeme is a capital markets and wholesale banking expert with 25 years of banking and...
Bain & Company
February 16, 2021
www.prnewswire.com:443
/PRNewswire/ -- 2020 was a volatile year for M&A, with an almost complete halt in deal activity in the early months of the Covid-19 crisis and a rebound in the...
Bain & Company
February 8, 2021
www.prnewswire.com:443
/PRNewswire/ -- While the diamond industry suffered during the Covid-19 crisis, it still managed to keep its sparkle. Lockdowns, travel restrictions and...
Bain & Company
February 1, 2021
www.prnewswire.com:443
/PRNewswire/ -- Through the ongoing Covid-19 pandemic, as bank branch visits have dropped, customers have turned to digital channels for all kinds of...
Madison Hoff
January 13, 2021
Business Insider
Insider analyzed Glassdoor's Best Places to Work rankings from the past decade to discover which companies keep rising to the top.
January 11, 2021
WebWire
Bain & Company announces the acquisition of Pangea, an Italian data science boutique. Pangea's team will join Bain & Company's existing Advanced Analytics Group based in its Milan Digital Innovation Hub, bringing specialised knowledge in the area of data science technologies applied to improve management decisions and business performances. Since 2009, Pangea has supported numerous clients to innovate and improve their internal processes. The team is composed of exceptionally qualified...
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References

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