Bain & Company to hire record number of MBA interns over 2018

17 January 2018 Consultancy.uk

Bain & Company have announced plans to take in more MBA interns than ever before. Students from the likes of Harvard, INSEAD, London Business School, and the IE Business School are among those likely to be picked for internships with the top three management consulting firm.

Interns on Bain’s summer associate program are immersed in the responsibilities of a full-time consultant; working with clients, from Fortune 500 companies to start-ups, across a range of sectors. Bain has seen its intern intake grow to record levels for the last five years consecutively, with 90% of these placements ending in offers for full-time employment at the firm. As a result, a third of full-time MBA hires at Bain can trace their roots at the firm back to their own time in the 10-week summer associate program.

In spite of the huge intake from the scheme previously, Bain will maintain its on-campus recruitment of second-year Master of Business Administration students in 2018. Overall, it expects to bring in around 500 MBAs who will eventually take up full-time positions – building on numbers from a record year of MBA recruitment in 2017.Bain & Company to hire record number of MBA interns over 2018Competition for top talent has heightened recently, with both a STEM and soft-skill shortage as large portions of the ageing Western workforce approach retirement being intensified, as border controls in the UK and US stand to be tightened thanks to continued geo-political instability. Bain’s move to encourage higher rates of MBA engagement looks to be extremely savvy then, giving them early access to the next generation of highly skilled workers.

Bain’s Global Head of Consulting Recruitment, Keith Bevans, said of the coming intake, “We are the only one of three management consulting firms that make a consistent, concerted effort to hire second year MBAs. Our competitors didn’t hold second-year recruitment events on-campus in 2017. Our business is strong enough that we need to hire second-year MBAs and our largest summer intern class ever as well.”

In the United States in particular, the summer internship has been used a key proving ground for future hires. Bevans mostly sources students from the world’s top-20-ranked business schools, which include Harvard, Wharton, Kellogg, Chicago Booth in America, as well as INSEAD, London Business School, and IE Business School beyond the borders of the US.

Bevans, himself an MBA graduate from Harvard, has spent 20 years working at Bain, and is now a Partner at the firm’s Chicago office. According to him, MBA students can mark themselves out for an internship at Bain by presenting themselves as having a passion for problem solving. Bevans said, “I trust that if you have a degree from a top institution, you’ve got the raw potential to be successful here. The best business schools help their students understand what opportunities are out there, what they’re really good at, what they like, and where the best overlap of those things is for them to be successful in next stage of their career.”

While the emphasis remains on MBA, there are also an increasing number of opportunities for candidates from Master’s in Management programmes, as well as specialised Master’s degrees. In 2017, Bain was listed as one of the 100 top graduate employers in the UK, alongside the Big Four, as well as Accenture, McKinsey, IBM and BCG.

Profile

More news on

×

Two consultancies among UK’s best office breakout spaces

05 April 2019 Consultancy.uk

A pair of Bristol-based consulting firms have been recognized for having among the UK’s best office break areas. People Source Consulting and Ashville were marked out for their vibrant and fun spaces, which feature table games, picnic areas, and even beer.

With competition for talent in the UK continuing to heat up – as the nation continues to enjoy its highest employment rate since the 1970s – firms have been upping their game on multiple fronts to help attract the cream of the crop. In order to successfully court the best candidates, companies are not only taking into account pay and benefits, but are also working to lure potential employees to their firms with the promise of innovative and vibrant work spaces.

In late 2018, employment website Glassdoor announced ten offices had been named the coolest places to work in the UK. Among those lauded for their work in enriching the working day of their employees was Capco – the only consultancy to make the grade.

Two consultancies among UK’s best office breakout spaces

Now, HomeLeisureDirect.com, a leading games room specialist based in the UK, has announced the ten offices it believes have made the cut for its inaugural Office Breakout of the Year competition. The contest has pitted a diverse range of companies against one another to be named the best office-based breakout space that the UK has to offer. Research from HomeLeisureDirect.com recently revealed that 65% of workers would consider switching employers for a better working environment, making the appearance of two consultancies on the list especially important for their recruitment ambitions.

People Source Consulting – a recruitment business from Bristol – hosts a brightly lit and vibrant space, complete with faux grass and picnic benches, along with a well-stocked beverage fridge – alcohol appears to be an option – as well as an array of tabletop games, including pool. Ashville, an asset management consultancy also based in Bristol, meanwhile boasts a break room decked out with table football, a table tennis court and even arcade machines.

Two consultancies among UK’s best office breakout spaces

The other eight finalists exhibit offerings including swinging hammocks, scooters and a bizarre and brilliant variety of other features. The other nominees are accessplanit – a software business from Lancaster; Digital 22 – a marketing and design agency from Clitheroe; Roc Search – a tech and engineering recruitment specialist from Reading; Sales-i – a provider of sales analytics software from Solihull; SEC Group – an office fit out company from Stevenage; SLG Brands – a portfolio of beauty brands with a head office in Cheltenham; Zest Digital – a digital marketing agency from Oxford; and 16i – a digital design agency also from Cheltenham.

Andy Beresford, MD of HomeLeisureDirect.com, said, “According to recent reports, the UK is currently seeing record levels of employment, and while that might be a great statistic, the knock-on effect is that it’s becoming harder and harder to recruit top talent… Being named as a finalist gives those shortlisted businesses the opportunity to showcase how they go about delivering a better working environment for their employees, with some top effort evidently involved judging by what we’ve seen.”