Management consulting is often a first step that leads down extraordinary paths.
Our work is transformative. Industry leaders and disruptors come to us to help them solve their most critical challenges and make their most important decisions.
That experience accelerates your career and opens the door to a world of opportunities, both at Bain and beyond. A few years as a management consultant could lead to you becoming a partner. Starting your own business. Stepping into a leadership role at an established company. Or making a lasting impact at that non-profit you love.
It all starts with helping our clients achieve results that redefine their industries.
Why do businesses use management consultants?
The management consultant will often be filling in for skills gaps a business has. It can be much cheaper to source external help than to hire new individuals or even a team to manage a project or task.
A consultant is likely to have expertise in a certain area, which a business may not have internally. Plus, they can focus on the project on hand without getting distracted by the day-to-day running of the business. Consultancies range in what they provide, with larger firms offering end-to-end solutions while others may focus their expertise in a specific area.
How does a management consulting project work?
As they are usually providing advice on a specific issue, the work of a strategy consultant tends to involve a lot of data analysis. A project will usually go as follows:
- Problem definition – What problem are we trying to solve?
- Approach – How are we going to investigate this problem?
- Data gathering – Find out everything we can about the issue
- Data Analysis – What does our data show?
- Advice – What is the best solution according to our data and expertise?
- Implementation – Enact positive change based on the recommendations