Bain Internship: Overview and Guide
However, at the same time, Bain is one of the three most prestigious consulting firms in the industry, the passing ratio is only 1%. How to stand out and successfully get a Bain internship? In this article, I’ll show you the overall information about the Bain Internship and how to land an internship at this giant.
Bain Internship - Overview
Normally, the program duration at Bain lasts over 10 weeks during summer or even up to 12 months. However, the precise number depends on specific location and position. Bain internship’s work structure closely resembles the work of permanent consultants.
To get a Bain Internship, you need to prepare thoroughly through this six-step process:
Bain Internship – Recruitment & salary
Associate Consultant Interns (ACI)
•Undergrads from colleges, business schools
•Outstanding academic achievement
•Currently enrolled in an advanced graduate degree like an MBA or PhD
•Excellent academic records
Internships have two main routes
The titles of positions vary at different companies. For Bain, the Associate position is divided into two paths: first is Associate Consultant, then comes to the Senior Associate Consultant, before being promoted to Consultant position, quite different from the others. If you’re unfamiliar with these titles, check out this article I’ve written on the career path in consulting for a visual overview.
Bain Internship – Application process
Nevertheless, it is advisable to confirm the exact deadlines. If you’re at Bain target school, check your school’s dedicated page to know the specific deadline, as well as utilize all supporting resources you have. If you’re at regular schools – your school doesn’t show up on the firm’s portal – contact the HR department of your target office to clarify the dates.
Bain Internship typically lasts over 10 weeks to 12 months
Bain Interns make $17,300 – $32,000 per internship
For Summer Consultant Interns (MBA), Bain pays them nearly $7,300/month, which makes up a total of $18,250 during 10 weeks, quite lower than other MBB firms.
Median Monthly pay
Median 10-Week Pay
If you make it to the case interview round, you can use these insights while solving the case study to show off your consulting traits. This undoubtedly will higher the chance for you to get an offer.
Bain Summer Associate Internship (Undergrad)
Nature of the work
The work for Consultant Associate interns is very much the same as a full-time Associate Consultant. In general, the interns get involved in the “manual” works, while the Project Leader is the one who is in charge of the whole project.
In more details, you will be assigned to an active case with a team of 3 to 5 other consultants, taking charge of a specific aspect in the project. In this job, you will interview clients’ customers, competitors, suppliers and employers, building a fundamental knowledge base. Then, you will collect data, analyse them and execute the findings into meaningful insights. Finally, you present your ideas to the case team members as well as the client stakeholders.
For a more in-depth viewpoint, watch the video below, or read this article to understand more about what work is done by an entry-level consultant.
Responsibility & report line: In a project, Associate interns are usually assigned to support an Associate with a big workstream. In rare circumstances, interns can lead a small workstream. For the first scenario, you will report directly to the person you are assisting. In the latter scenario, you will report directly to the Project Leader.
Bain Summer Consultant Internship (MBA)
Nature of the work: The work structure at this position is what you will do as a full-time Bain Consultant. You will work directly with the case teams and clients to solve business problems and propose change. Technically, the Summer Associate is already considered as more experienced and senior than other interns, so they often get to lead or semi-lead a workstream.
Responsibility & report line: As a Consultant Intern, you will report directly to the Project Leader.
How to get a Bain Internship – 6-step guide
Step 1: Build up skills, qualifications and experience
Apply only when you’re ready! Bain has a 2-year ban on failing candidates. That’s why it’s important to start learning and practicing as soon as possible and have the right prep strategy based on your background to maximize the chance to get your feet in Bain.
Start learning and practicing early
Consulting prep is ideally a long process. The basic knowledge and skills of consulting management require at least a year to master, and at least 2-3 months to prepare the resume screening, the tests and case interviews.
Although I’ve had customers who passed the recruitment process with very little preparation, that’s the exceptional scenario. If you are running out of time, you might still have a chance – by quickly learning the “killer tips” offered in the Case Interview End-to-End Program. However, in general, it’s always good to start early.
To equip yourself with the most well-rounded skill set for Bain Internships, read up and practice on the following topics:
Bain has its favorite recruiting grounds, and the firm even develops a portal for its target schools. This means if you’re from one of the target schools, congrats, your chances are already much higher than the people who aren’t. Furthermore, it is also easier to connect with the Bain alumni and access other available resources easily.
On the other hand, if you’re from a normal school, you have to put extra effort into networking and practice. I’ve written an article on how to enter top consulting firms from non-target schools. Go check it out now.
Below is a list of top schools contributing significant percentages of consultants at Bain – according to a 2018 analysis of Wall Street Oasis users. This list, however, might not be comprehensive, so please check directly from the Bain website to know whether your school is targeted and maximize your resources, if available.
University of California Berkeley
The University of Texas at Austin
University of Notre Dame
University of Cambridge
University of Western Ontario
University of Southern California
Step 2: Build network early on
Networking is important because most consulting firms, including Bain, start with official referral systems to recruit the best candidates without expending too much effort. Candidates with a referral have higher chances of getting their CVs screened and landing interviews, hence higher chances to be offered jobs. If you can find a mentor – a current/former consultant at your target firm – along with the referral, he/she can provide you with invaluable insider advice.
When to start networking?
As early as possible – relationships take time to build.
If you’re still in school, network a year before career events to be one step ahead of the competition, then try to get referrals. Referrals increase the chances of your CV being reviewed by recruiters in the first place.
Who to network with?
Anyone from any practice can refer you, so don’t worry too much about applying for one practice while being referred by people from other practices.
What really matters is the seniority of your contacts. Often, one referral from a Partner is equivalent to multiple referrals from non-partners. So the bottom line is: if you can’t get a referral from a Partner, be sure many non-partners in that office are willing to vouch for you.
How to network for a Bain Internship?
Now that you know who best to network with, where can you find these people? There are four common ways to start networking.
After networking the next step is to prepare for all the parts of the consulting recruitment process.
Step 3: Write resume and cover letter screening
The first step in the consulting recruitment process is resume screening, and even this early, your resume and cover letter must be “consulting!”. In both of these papers, explicitly but objectively show off your consulting attributes: leadership, achieving, and problem-solving.
In both of these papers, your stories must highlight the three attributes – either be about leading and influencing people, doing analytical work, achieving the extraordinary, or any combination.
You must be result-oriented. Instead of reciting the company’s job descriptions like in other resumes, you need to tell the screener the quantifiable results of your work and show him/her that you are the best.
Specific statements such as “Set the new speed record on flipping burgers, surpassed the previous record by 50%”, are more impressive and more trustworthy – even outside the consulting industry.
Regarding the format, there is no other option but black-and-white. Keep it absolutely formal and professional. Fancy-looking resumes and cover letters are for creative jobs, not the conservative consulting industry. The recruiters will not even look at such resumes.
Regarding the structure, every bullet, every part of the resume must be the same. The language must be formal. Communication must be top-down, both in resumes and cover letters.
Step 4: Pass the Bain Online Test
What is the Bain Online Test?
The Bain Online Test is a psychometric test used by Bain & Company to assess a candidate’s numerical, verbal, and logical thinking abilities. The test is computer-based, just like how it’s named – “Bain Online Test”, including aptitude test, personality test, analytical test, business case test, and one-way interview.
Bain Online Test is not a uniform test. The test designer, format, and specific question types all vary from place to place. Additionally, very little official information is disclosed, making it difficult to prepare with precision as with the PST. Fortunately, most tests at different Bain offices are similar in structure and underlying principles. That means you can indeed prepare for those tests with the same general approach.
How to prepare for the Bain Online Test?
There are seven steps on how you should prepare for Bain Online Test:
Step 5: Pass the Bain fit interview
What do they ask in the Bain fit interview?
Typically, questions in Bain Fit Interview fall into four categories:
The questions in the fit interview usually require you to tell a story about “that one time in your life” to illustrate your character and values. So the best way to ace them is to prepare 3-5 well-rounded, detailed stories. You should also view them from every possible angle, show off either a consulting trait or your values.
Sometimes, you have to use the same story to answer several question types with different angles. This means that 3-5 well-prepared stories are good to go. Such approaches can give you the flexibility to answer any questions, even the unexpected ones.
So how can you prepare such stories? Spend your efforts on three layers of a story – the content base, the plot, and the style.
Step 6: Pass the Bain case interview
Besides the fit interview, candidates must also pass the case interview before they officially become interns/staff at Bain.
What are case interviews?
Case interviews are job interviews where the candidate is asked to solve a business case or problem. At Bain, case interviews often last 30-45 minutes each. Candidates can expect 4-6 interviews during a span of 4-8 weeks. These interviews are likely done by senior Partners or Directors.
What are Bain case interviews like?
Bain case interviews are often candidate-led. At the most extreme of this format, the candidate “leads” the problem-solving process breaking down the problem through an “issue tree” and hypothesizing for the root causes. The interviewer assists the candidate by supplying data to test their hypotheses.
Some Bain offices also use written interview cases. A written case interview is a case interview where you receive the questions and data, as well as deliver your recommendations in written forms of communication. Bain Written Case is normally 20-to-30-slide long, one-hour prep and 40-minute interview, with handwritten form.
How to prepare for Bain case interviews?
Whether you have a written case or a candidate-led interview, they both resemble closely to real consulting work. Therefore, you need to approach these cases in the same way real consultants approach their projects. I recommend you practice the following topics:
#1: Familiarize with candidate-led case examples
Get-used to the flow of a candidate-led case interview by watching as many examples as possible. You can find several samples cases provided by Bain here
#2: Practice consulting math
Consultants work with lots of data. There is almost no time to take out a calculator in the middle of the work, not to mention that it only makes a bad impression to the client. It is why mental math skills are important. Here are some tips to practice consulting math:
As an intern in Bain, you will need to tackle real business problems; hence, knowing the fundamental concepts of consulting problem-solving is crucial. In the candidate-led case interview, particularly, make sure to master the use of hypotheses, issue trees, MECE principle – they are the backbone of this interview kind.
You should also familiarize yourself with some common frameworks. Be careful though, frameworks need a lot of customizations to fit with real cases, and to customize effectively you need the fundamental knowledge. In the beginning, it will be tempting to focus on the frameworks – if you make this common mistake, be prepared for some very unpleasant surprises in the interview.
I’ve written an article on Case Interview Frameworks, with tips and techniques in case interviews, as well as some myth-busting on common misconceptions about frameworks. Make sure to spend some time reading it.
#5: Perform mock interviews
The best way to train on something is to do it.
Well, you CAN’T simply come to Bain and ask them for a case interview, but you CAN find a partner to conduct mock interviews for you. If you can find yourself a former consultant to do it, great! They’ve been through countless case interviews, both mock and real, so they can give you valuable feedback.
Make the best of every mock interview you do by recording and listening to them afterward. You’ll realize a lot of mistakes and areas you can improve.
Management consulting is an industry providing expensive and professional advice to organizations to improve their overall performance, through better “management”, which includes strategy, governance, operation, organization, finance, and marketing. The three most prestigious management consulting firms are McKinsey, BCG, and Bain (the Big Three).