If you want to get a job at Bain, you may be wondering, what is the process of hiring Bain? Bain & Company is the third-largest “MBB” in the world (McKinsey & Company, The BCG, or Bain & Company). Bain, founded by former Boston Consulting Group former advisers, has grown by 15% annually in two decades. Of the three majors, Bain stands out for its culture. Bain is known for its entrepreneurship, creative solutions, and hard-working culture. In order to land a job at Bain, it is not as easy as you think.
These companies usually contract some of the largest corporations and companies in the world. While all three companies assist and organizations face various business challenges, there are differences between the three. McKinsey & Co is very focused on project planning and implementation.
Most of its clients are in the Public Sector, Education and Telecom sectors. Boston Consulting Group focuses on business growth, innovation and business development. Bain & Co is very focused on working with Private Equity funds and other key investors. Big Three only hires from high school business schools. If you are about to graduate from one of these schools and are thinking of going to a consultation, you are probably heading for one of the three major ones.
Hiring process to land a job at Bain
However, hiring one of the Big Three is not as easy as you might think. These companies only work with the best minds. There is a lot of competition for those who want to hire one of these companies. In addition, the wide range of experience you can gain and competitive pay does not make things easier.
Bain & Company is a good company for candidates interested in private equity as an opportunity to step out after consultation. Its sister company, Bain Capital, also employs Bain & Company advisers in private finance. The Bain hiring process is also one of the most popular. It is common for only 1% of consultants to consult to receive offers. From the time you apply until you receive the job, you will need to progress through the Bain hiring process. In most cases, this process lasts between 4 and 6 weeks, usually 14 days between steps on average.
However, 2x rounds of interviews can be scheduled for 2 consecutive days. A typical feed-in Bain is a targeted rental school, which is published here. Undergraduate students participate in the Associate Consultant Internship, which takes place before the fourth general year. The MBAs end the Summer Associate program, which takes place between the first and second years. Now, let’s see what deviations from the standard Bain hiring process, as shown in the picture above, are possible.
If you are applying to a South American office, especially Brazil, you will probably need to do a Bain Online Test before, possibly, an invitation for an interview. Lastly, if you apply in a non-consulting environment, within Analytics & Customer Insights, Digital & Innovation, or Business Services, you may have a different interview process. For example, your interview may include coding tests and project discussions with product engineers, portfolio reviews with other designers, or discussions about training and the fastest methods.
In order to land a job at Bain, you need to be great with analytical skills; the ability to sort out challenging issues into manageable chunks; strong communication skills; the ability to simply articulate complex concepts; strong team skills and the ability to work effectively with others to win as a team. Your CV, with cover, is the first step towards a lucrative career at Bain & Company. However, less than 15% of applicants receive an interview call.
So, what does Bain want when checking your resume and cover book?
First, Bain Wants Educational Performance A recent study from poetsandquants.com shows which schools have the best MBA feeder in the consulting industry. For example, advanced MBA programs well positioned in the consulting industry include MIT, London Business School, INSEAD, or Columbia Business School. Bain & Company is looking for people with certain characteristics and skills. Therefore, all of your resume content and the cover book should show that you are well versed in these skills. More precision: your resume and the contents of the cover book should show how you have used these skills and the EFFECTS you have.
Therefore, your cover letter should show that you have researched the company, talked to its consultants, and have interesting and relevant arguments as to why you want to land a job at Bain. In Bain, culture is important. Here are the values Bain shares with customers: Interest and Dedication, Honesty & Openness, Reality, One Team.
You should also avoid using tables, columns, headers, and footers in your resume. Before analyzing your resume, ATS usually peels off the format, so any information contained between columns, tables, headers, and feet can be easily lost. Even if your resume exceeds the Applicant Tracking Program, you should keep in mind that it will not be the only one that will make you pass the ATS.
It will be in the company of a few other startups, all of which should be hand-inspected by the hiring department. Since these tenants have a limited amount of time to go through all of these applications, you need to keep your resume short and straightforward. Ideally, a one-page refresh should be enough.
You have the option of accompanying your progress with a well-written cover book, although there is a good chance that the cover book may be overlooked. Consulting firms want to work with the best and most intelligent minds, so your CV should state your top university marks. These companies are looking for people who are fast learners.
What GPA Do You Need To land a job at Bain?
In McKinsey, BCG or Bain, a candidate must have at least a 3.6 GPA to confirm any doubts about academic achievement. However, low GPAs do not disqualify a candidate; a 3.2-GPA relaunch may move on to the next round if it shows outstanding achievements elsewhere.
What kind of people does Bain hire?
Bain employs people who love life. “We look for people who are happy with what we are doing. They are motivated to deal with the difficult problems of the world’s most influential companies. They are empowered by working with like-minded peers,” Bevans explained.
Does Bain use Pymetrics?
They are committed to hiring unique people and continue to look for opportunities to improve their recruitment process to ensure that they can hire the best talent. They are currently testing three rental tools, plyometrics, HireVue and Sova test, in selected markets worldwide.
How much does Bain choose?
The Bain hiring process is also one of the most popular: it is common for only 1% of interviewed applicants to receive offers.
How much do the consultants make?
The average salary of a Bain & Company Consultant is $ 175,000 per year. Bain & Company professional salaries can range from $ 159,171 – $ 199,201 per year. This estimate is based on the 24th salary report of Bain & Company Consultant provided by employees or calculated based on statistical methods.
How often do you apply to Bain?
You can apply at three offices at a time.
How many hours do Bain consultants work?
MBAs at McKinsey & Co., one of the world’s most respected employers, told TransparentCareer they work an average of 72 hours a week. At Boston Consulting Group, 63 hours per week, while in Bain & Co., the average is 58 hours per week.
What do Bain consultants do?
Counsellors perform a variety of tasks, including problem-solving times, data collection in Excel slides to connect findings, completing a desktop survey, and conducting interviews with clients and industry experts.
What makes it so special?
Bain Emphasizes Delivering Results To Clients Bain was founded on the principle of ‘Results, not reports,’ and they invested in the success of their customers through the economy tied to their cost system. This allows Bain to better align their financial motives with customer outcomes – they put their money where their mouth is.
How difficult is it to work at Bain?
Perhaps the most difficult part of the application process is passing the initial testing process. For example, Bain’s main office will receive about 3000 applications and reduce it to 100 at the initial interview. So you have to be up to 3% to even get an interview.
What skills does Bain need?
Bain looks for people with analytical skills; the ability to sort out challenging issues into manageable chunks; strong communication skills; the ability to simply articulate complex concepts; strong team skills and the ability to work effectively with others to win as a team.
Which Bain is the best?
Bain is proud to be # 1 in Vault Consulting 50 in 2021. Bain also topped the Vault list of the Best Strengthening Consulting Companies.
What is Bain’s culture like?
Bain is full of flexibility and fun! Bain Culture is also known for its high energy and focus on hard work, while also enjoying the ride. Group events, social events, office parties, and leisure are part of Bain’s experience and allow colleagues to connect, build relationships, and have fun.
Network Like Crazy
Communication is an important part of the job search process. And it is even more important if you are trying to get a job at one of the Three Big Consulting Companies. All three MBB firms get most of their students from business high school.
Therefore, if you are trying to move from another company, the only way your application can be considered for having someone from within the MBB company is pushing the application. Try to get in touch with your senior colleague, as references from them can greatly help you to get into the interview round.
Once your progression has passed the testing process, you will be invited to take the PST test. It is a written test used by three senior executives to test a student’s ability to think what they are reading, output and measure. And also to check their ability to quickly understand and solve business problems in a logical way.
It allows them to quickly screen a large number of applicants at minimal cost and remove those who were not well-tested. PST assesses the candidate’s ability to perform these three types of tasks. As part of PST, you will be introduced to text documents, tables and graphs and need to quickly determine the useful data in it. From there, you will need to do a quick analysis and interpretation of the data and determine the correct answer.
Lastly, you will also need to choose an answer that represents the best summary of the situation. One of the benefits of PST is that it allows the firm to measure the capabilities of each candidate against all other candidates. This gives the company the purpose of evaluating candidates, rather than relying solely on private negotiations.
Although PST is used by most candidates, you may sometimes be exempt from examinations, especially if you have been sent back to the MBA high school campus. In some cases, renting other locations may be exempt from testing, depending on their background (experience) and country. Since there are no strict rules to determine if you will need to take PST. The best thing you can do is consult your target HR local contact and ensure that PST will be part of your negotiation process. If you want to increase your chances of passing the PST, you need to practice a lot. Most PST graduates usually practice for more than 30 hours before the actual exam.
The “heart” of Big Three, Bain & Company is best known for its passion and innovation that defines the future. “Bainie never allows another Bainie to fail,” as the saying goes. Due to the rich and deeply compassionate culture that puts her people first and empowers them to deliver a commendable career regularly. So, in order to land a job at Bain, all you need to do is follow your passion and also the steps written in the above process.
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