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.
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.
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 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.
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.
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.
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.
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.
Bain & Company was named on Fortune's 100 Best Companies to Work for 2020 list.
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.
In 2019 the CEO of Bain & Company, Manny Maceda, made the Highest Rated CEOs 2019 list by Glassdoor based on employee feedback.
In 2020 Bain & Company made Vault.com's Vault Consulting 50 and Best Consulting Firms for Firm Culture lists.
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