Bain & Company

Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts. It provides advisory services to businesses, nonprofit organizations, and governments, and is one of the Big Three management consulting firms. The CEO is Bob Bechek and the CFO is Len Banos. Bain has 53 offices in 34 countries and 5,700 employees.

History

Bain & Company was established in 1973 by a group of seven former partners from the Boston Consulting Group headed by Bill Bain.

Under Bain's direction, the firm implemented a number of practices that were unusual to the consulting industry in its early years. Notably, Bain & Co. would work with only one client per industry to avoid potential conflicts of interest. Partners did not carry business cards and clients were referred to by code names to enforce client confidentiality. An article in Rolling Stone elaborates:

The company won clients by boardroom referrals rather than marketing, and claimed its consultants worked on increasing a company's market value rather than simply handing clients a list of recommendations. To win business, Bain demonstrated the increase in value of their clients' stocks.