Common questions

How do you write a cover letter for Bain?


How do you write a cover letter for Bain?

Bain Cover Letter Sample: Middle Paragraphs Explain briefly and clearly why you are suited for the position without using the exact same words or phrases on your resume. Refer to your most relevant skills and accomplishments and match them to the requirements of the consulting position.

How competitive is McKinsey?

McKinsey consulting jobs are highly competitive, and so their resume screeners are looking for any and every excuse to eliminate candidates from contention. Up to 60% of applicants are eliminated at this stage.

How hard is it to get hired at McKinsey?

For instance, according to former McKinsey managing director Dominic Barton, the firm receives about 200,000 applications from interested candidates, but only about 2,200 of them get hired. In other words, anyone applying to the firm only has a 1% chance of getting hired.

Does McKinsey pay well?

Base salaries for high-level personnel range between $570,000-$1,000,000, with performance bonuses of up to$300,000 varying by firm. Here’s a breakdown of salaries for management consultants according to the top three consulting firms. McKinsey: Base Salary: $83,000.

Is it worth working at McKinsey?

McKinsey alumni alone can make working for McKinsey worthwhile. Consultants who leave McKinsey end up in top leadership positions at the best firms across the world (and even end up being clients!).

Does McKinsey negotiate salary?

The short answer is that you will not have any negotiating power. Even if you have an offer from McKinsey, Bain, and BCG, you will not be able to leverage your offers to negotiate for an increase in compensation at one of the other top firms. There is good news, however!

How hard is it to get a job at Bain?

Probably the toughest part of the application process is passing the initial screening process. As an example, a large Bain office would receive around 3000 applications and narrow it down to about 100 for the first interview. So you would have to be at the top 3% to even get the interview.

Which is better Bain or McKinsey?

McKinsey leads in terms of overall size and reach, with over 9,000 consultants globally. This is followed by BCG, with7,000 consultants, and then Bain, with 4,000 consultants. By virtue of being considerably bigger than BCG or Bain, McKinsey boasts the most diverse footprint and larger office network.

What is Bain known for?

Bain & Company provides management consulting services primarily to Fortune 500 CEOs. The firm advises on issues such as private equity investments, mergers & acquisitions, corporate strategy, finance, operations, and market analysis.

What is unique about Bain?

Bain’s philosophy of ‘a Bainie never lets another Bainie fail’, essentially means colleagues help each other out, especially when someone is facing challenges. This collaborative culture is an important part of consultants’ professional development and is often considered unique to Bain.

What does Bain mean in English?

From Middle English bayne, baine, from Old French bain (“bath”), from Latin balneum (“bath, bath-house”). Doublet of bagnio.

Which is better Bain or BCG?

In head to head recruiting, Bain often beats out BCG because of culture but loses to McKinsey based on prestige or brand-name. In terms of staffing, you’ll find that Bain is more analyst heavy than both McKinsey and BCG. On a standard McKinsey or BCG team, there may be only 1 analyst.