What it Does: Global leaders receive accountancy and monetary consulting services from it to address issues that are industry-defining in areas including strategy, marketing, operations, organization, and information technology.
Mission: Its goal is to assist clients in generating such significant degrees of value that they collectively raise the bar for excellence in the relevant industries.
Size and Presence: The firm collaborates as a single worldwide team across 64 locations in 39 countries to assist customers in achieving the extraordinary.
Best Known For: CEOs of Fortune 500 companies are the main clients of Bain & Company's management consulting services. The company offers assistance on matters including market research, mergers and acquisitions, competitive strategies, finance, and operations.
The Good Bits: Nice salary, and pleasant workplace.
The Not So Good Bits: Lack of work-life balance and the need for improved communication skills.
While working at the Boston Consulting Group, co-founder William Worthington Bain Jr. had the idea for Bain & Company (BCG). Bruce Henderson, the CEO of BCG, decided to split his company into the blue, red, and green mini-firms in 1970. The blue team was led by Patrick Graham and Bill Bain. The blue team won the internal competition and generated more than half of BCG's sales and profits. Following the contest, Bill Bain became increasingly impatient with Henderson's prolonged retirement, the company's project-based consulting methodology, and management's reluctance to assist clients in putting the firm's recommendations into action. He is reported to have stated that he felt like "a consultant on a desert island, drafting a report, putting it in a bottle, dropping it in the water, then moving on to the next one" around this time. Bain & Company expanded quickly, mostly as a result of recommendations from CEOs and board members. In 1985, Bain & Company was established. By 1986, the company had grown by an average of 50% annually and had $150 million in sales. One of the top four "strategy specialized" consulting firms by 1987 was Bain & Company.
Every customer engagement is infused with the organization's unique perspective and contagious energy. Focusing on opportunities, developing capabilities, and winning the future are all benefits that clients receive from the emphasis placed on teamwork, trust, and tolerance for opposing viewpoints. Together, the company may produce outcomes that connect the existing with the potential. The partners prioritize their clients while maintaining a relentless emphasis on supporting audacious ideas that enable them to accomplish the extraordinary. Every team and office has enthusiastic, cooperative individuals who care about success.
To produce better, quicker, and longer-lasting outcomes, a fresher would cooperate with a platform of digital innovators while working in integrated teams. together with our clients to find innovative solutions as a single team with a common goal. One's career will advance thanks to the cases' breadth, depth, and variety. A person might investigate many fields of curiosity to pursue as they improve by gaining wide experience across sectors and business difficulties. Early career experiences will aid in navigating changing problems and preparing for the exceptional opportunities that lie ahead.
Bain & Company's recruitment process includes the following process:
The average annual salary of a fresh graduate at Bain & Company Malaysia is MYR 35,000.
To incorporate sustainability and lessen the environmental effect, the organization works with corporate clients as well as environmental NGOs to support their conservation initiatives. As a Certified 100% CarbonNeutral Company, the business is delighted to lead the industry in ecologically responsible operations.
The new South African Government accused Bain & Company in 2015 of invoicing $11 million for advising projects when the company provided subpar guidance.