What it does: Bain & Company provides practical solutions for clients across all locations and industries in areas such as operations, strategy, information technology, marketing, advanced analytics, digital transformation and strategy, corporate finance, acquisitions and mergers, sustainability, etc.
Mission: Bain & Company aims to help clients achieve new excellence standards and provide value in their niche industries.
Size and presence: Bain & Company has 63 offices in 38 countries and a global workforce of 13,000 employees.
Best known for: Bain & Company is best known for consulting majorly for heads of Fortune 500 companies. This company offers professional advice on acquisitions & mergers, private equity investments, finance, corporate strategy, market analysis, and finance operations.
The good bits: Bain & Company's employees enjoy a lot of perks, such as the company's welcoming atmosphere. There are also ample opportunities to grow in one's career. Employee compensation and welfare are top-notch.
The not so good bits: Poor balance between work time and personal time.
In 1973, William Bain quit his job at BCG to begin his consultancy, Bain & Company. The majority of the key members of Bain's team went along with him to begin the new company. Bain & Company was established in 1973 in Bain's Beacon Hill apartment in Boston. Bain & Company's first set of clients were previous clients of BCG, including a couple of BCG's biggest clients, Texas Instruments and Black & Decker.
Predictably, Henderson accused Bain of client theft. However, this did nothing to stop the rapid growth of Bain & Company. In 1979, their first international office was established in London. Six years later, Bain & Company was officially incorporated. In 1986, they made up to $150 million in revenues.
In 1987, Bain & Company was regarded as one of the top four consultancies. In 2005, Bain owned the biggest market share for a private equity consulting firm. Fast forward to 2018, their Private Equity group was triple the size of the second-largest Private Equity consulting firm. They are still waxing strong till today.
Bain & Company is well-rooted in a result and performance-oriented work philosophy, which defines its organizational culture. This company is renowned for its ability to build great teams of employees who bond in and outside the office. They work hard but play hard as well.
They organize their own World Cup tournament as part of their extra-curricular activities. This yearly event is deeply rooted in the company's culture as it has been going on for more than three decades. Up to 25% of the company's global workforce meets in a single city to partake in sports and fun activities for some days. The senior staff members also act as mentors and guides to freshers and interns.
Being recognized as one of the best places to work, Bain & Company has a highly selective recruitment process. They end up giving job offers to just 1% of their applicants. Their recruitment process comprises several stages:
They also have a summer internship scheme for freshers and interns to give them exposure to the inside workings of the consulting industry. They also teach freshers and interns business strategy by fully immersing them in a case team.
One's career progression at Bain & Company depends on their performance, not their duration. There's no certain career path or duration for a particular level. High-performers can quickly rise through the ranks from fresh graduates to senior-level experienced professionals.
Entry-level staff/freshers can earn as high as 9,320,754 INR annually while senior staff members can earn up to 17,864,778 INR. Project leaders/managers earn up to 18,641,508 INR while Partners earn up to 77,672,750 INR yearly.
Bain & Company has a 10-year commitment to invest $1 billion in pro bono consultancy. They also supported the establishment of the Alliance to End Plastic Waste. This is a coalition of more than 40 global leaders in the plastics supply chain pledging $1.5 for 5 years to eliminate plastic waste.
There were reports of Bain & Company aiding corruption in South Africa.