- A summer internship at Bain is a great way to land a full-time offer at the consulting firm.
- Bain extended full-time offers to more than 450 MBA and undergrads during the pandemic.
- Avik Banerjee, a former intern at Bain, shared how you can make the most out of the internship.
- See more stories on Insider’s business page.
Landing a summer internship at Bain & C0. can be your ticket to securing a full-time job.
In 2020, Bain welcomed more than 450 MBA and undergraduate students for a 10-week internship program. Much like other top-tier consultancies, Bain had to make its internship program virtual during the pandemic.
But, despite these adjustments, Bain still extended full-time offers to all 450 participants in 2020, a company spokesperson told Insider.
Business school graduates can make a $165,000 base salary at Bain – and that doesn’t include their more than $70,000 in performance and signing bonuses. Managers, for example, can earn a $200,000 base salary, and principals $230,000, Insider previously reported.
Avik Banerjee, a business school student at New York University’s Stern School of Business, was among the pool of candidates who interned in the private equity division. He accepted a full-time offer, which will begin after his graduation in 2021.
Here’s how to land a summer internship at Bain and make a lasting impression on your boss.
Explain why you want to work at Bain
Successful candidates who land summer internships at Bain exhibit good sportsmanship and a set of goals to advance their own careers.
“We really do work closely in teams and we want everybody here,” said Keith Bevans, the firm’s global head of consultant recruitment. “We want somebody who’s thinking about not just winning as an individual, but winning as a team to stand out in the process.”
Recruiters are looking for candidates who can “give and receive coaching,” someone who responds well to constructive feedback, he added. And one way to show good sportsmanship is to listen carefully to interviewers and ask follow-up questions.
Despite applying to several other internship programs, Banerjee said he chose Bain because he identified with the company’s culture. Understanding why you want to work at Bain and how it might help you in your own career journey is crucial, Bevans added.
“Step one is understanding how Bain fits into your career journey, and step two is understanding the value proposition and own it’s different than other consulting options,” he said previously.
Focus on training
The first part of the onboarding process involves teaching employees the basics like how to use Bain’s analytical systems and making slide decks. During this time, managers also offer insight into how to develop lasting relationships with clients, Banerjee said.
“This first week was also used for interns to get acquainted with how the consulting teams are set up, and the types of people they’d be working with,” he said.
For example, Banerjee said that interns were paired with people from different offices. As someone who was working out of Bain’s Atlanta online office, he got to interact with colleagues working from the firm’s divisions in DC, New York, and Toronto.
“It was awesome to be able to meet people abroad right off the bat and start developing those relationships,” he said.
Remember you’re a core member of the team
While interning for Bain’s private equity practice, Banerjee’s team consisted of one partner, one case-team manager, two consultants, and two associate consultants. He was the only intern.
He’d attend check-in meetings every morning, afternoon, and at the end of the day to discuss the team’s goals, what they learned, and their goals for the next day. Though his colleagues try to keep the amount of Zoom calls to a minimum, Banerjee said that he’d informally communicate with his manager to stay in-sync.
The majority of Banerjee’s work responsibilities included industry trend research and phone interviews with experts.
“I learned how to take the things I learned from interviews to adjust business models, and I translated the models into comprehensible PowerPoint slides so that we’d be able to present them to clients and private equity firms,” Banerjee said.
You’re going to have plenty of opportunities to interact with colleagues, leaders, and clients throughout the 10-week internship program, and Banerjee recommended that you make extra effort as all those meetings have been turned virtual. Take the initiative to plan happy hours and informal get-togethers with your peers.
“We’ve missed out on in-person events and opportunities to casually interact with people in the physical office,” Banerjee said. “But attending the virtual events gave me a way to talk about what I’m doing, and what I found most interesting with my colleagues who are also going through the same thing.”
The MBA student also advised the incoming interns be bold about asking for help and try to ask for advice from as many people as they can.
“Contemplating on whether you’d want to join the company full-time after the internship is a big decision, and I think having conversations with colleagues during your internship can help you decide and also strengthen your relationships with people,” he said.
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