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Bain & Firm is a “attractive” identify within the consulting {industry} – making up one-third of the “Prime 3” corporations together with McKinsey and BCG. Nonetheless, many candidates aren’t conscious of the work that goes on at a large-scale administration consulting agency like Bain and what it takes to land a coveted provide. Particularly, the Bain internship packages are notoriously aggressive, with acceptance charges decrease than an Ivy League college.
So as to add to the complexity, there are a variety of various internship packages provided, so it may be troublesome to find out what every internship program affords and which one is finest for you. This text will stroll you thru what internship packages Bain affords for undergraduate and graduate college students, in addition to what to anticipate in every program.
What’s a Bain Internship?
The varied Bain internship packages vary in size and provides college students a firsthand take a look at what it’s prefer to be a advisor. Relying on the sort and size of this system, the work that you’ll do is barely completely different, however the entire packages present perception into what it’s prefer to work with Bain and assist construct expertise that may be leveraged in any profession path.
Bain Internship Sorts
Bain Affiliate Guide Internship
The Bain Affiliate Guide Internship targets college students who’re enrolled in a 3 or four-year undergraduate diploma program and have one full summer season left earlier than commencement. This program is a singular alternative for college kids to do mission work at a high consulting agency — interns are staffed on a case group and work with the remainder of the group to interface with shoppers.
Bain Summer time Affiliate Internship
Though this internship develops comparable expertise and affords comparable alternatives to the ACI program, the Summer time Affiliate internship is focused in direction of MBA and superior diploma candidates. Every program varies barely by workplace, however all packages employees associates on a case group, giving them the chance to do significant shopper work.
Connecting and Resourcing Empowered Ladies (CREW)
This Bain sophomore internship program particularly targets feminine candidates. Over the course of 1.5-days, college students take part in workshops, panels, and breakout periods, giving them the chance to construct their enterprise expertise and join with different formidable ladies. This system culminates with the chance to interview for an affiliate advisor intern place.
Constructing Entrepreneurial Leaders (BEL)
One other Bain sophomore internship alternative is the BEL program, which is a chance for second-year college students enrolled in a four-year program that establish as Black, Hispanic/Latinx, or Indigenous. This system is one week in size and provides college students a crash course in what it’s prefer to work on a case and personal a chunk of labor inside a broader mission.
Freshman Management Accelerator (FLA)
This Bain freshman internship program targets first-year college students within the U.S. who’re enrolled at a four-year program and establish as Black, Hispanic/Latinx, or Indigenous. The FLA program spans the course of 1.5-days and provides college students the chance to work by means of a case simulation and tour a Bain workplace to get a firsthand view of what it’s prefer to work at Bain.
1 Hour Interview Teaching
- 1 hour 1:1 Zoom periods with MBB coach of your selection (consulting or PM focus)
- Digital cross: 550+ circumstances
Bain Internship Wage
Bain elevated salaries for 2023 begin dates to maintain tempo with inflation and rivals throughout consulting, finance, and tech. As such, the entry-level base wage for an affiliate on the undergraduate/masters degree is $112,000. With efficiency bonuses, signing bonuses, and different housing and relocation bills, whole compensation can rise to as a lot as $140,000!
For a brand new rent on the MBA/PhD entry degree, the bottom wage rises to $192,000. Once more, with bonuses and different advantages, whole compensation can rise to ~$285,000!
See the complete Management Consulted Salary Report for detailed compensation information at Bain and 90+ different corporations.
Bain Internship Software
Though the applying necessities differ barely by program, all Bain internship purposes require some variation of a resume, cowl letter, instructional info, unofficial transcript, related take a look at scores (if relevant), and any extra office-specific necessities.
In case you’re getting ready to use for a Bain internship, work with our expert editing team to make sure your resume and canopy letter are in tip-top form. 80% of Administration Consulted enhancing shoppers obtain no less than one interview invite.
Bain Internship Acceptance Price
It’s essential to notice that Bain internships are extremely aggressive. We are saying this to not scare you, however to warn you – internship purposes usually are not apply for the “actual factor.”
A Bain internship is essentially the most easy path to a full time provide, so put your finest foot ahead the primary time! Solely ~1% of candidates are employed as Affiliate Guide Interns. To place this in perspective – if there are 10,000 candidates for an internship, solely ~100 will likely be employed.
Bain Internship FAQs
Do I have to have prior expertise in consulting to use for these packages?
Positively not! One of many cool issues about consulting is that you just don’t have to have any industry-specific data or specialty expertise to use for the job — corporations like Bain wish to rent people who’re drawback solvers and may work round numerous roadblocks to get to a remaining answer. Individuals who work within the consulting {industry} come from quite a lot of skilled and tutorial backgrounds.
If I’m not chosen for one in all these packages, can I nonetheless apply to Bain sooner or later?
Completely! It’s inspired that college students keep linked with Bainees and recruiters in the course of the software course of in order that they are often conscious of different alternatives.
Which workplace ought to I apply to?
You need to apply to an workplace that’s positioned in a metropolis that you just’d be pleased to reside in — the workplace that you just intern in would be the workplace that provides you a full-time function, for those who obtain a suggestion. That being stated, sure places of work are recognized to be barely extra aggressive than others, so it’s an essential issue to think about within the software course of.
Do I mechanically get a suggestion for the full-time function if I obtain an internship provide?
No. Whereas being a part of any of those packages will certainly assist with receiving a suggestion for the following logical function, it isn’t a assure that you’ll get a full-time provide.
What can I do to organize for the applying course of?
Write a kick-ass resume & cowl letter and develop into a case interview expert. Our Black Belt program guides you thru your complete preparation course of for a Bain internship.
Conclusion
In the end, an internship at Bain isn’t a straightforward factor to come back by, however with the precise perception, preparation, and steerage, you may deal with the applying course of with confidence.
If a administration consulting function is your subsequent profession purpose, the ache and sacrifice is value it to safe a Bain internship!
Further Assets:
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