Over 70% of Bain employees engage in social impact work. In addition to case teams, there are a number of other ways for our people to make a difference, from office Green Teams to local Community Impact Days. We call this our “Extra 10%”—it’s the additional time and energy we give, on top of our daily responsibilities, to make Bain and our communities better. We mentor underserved youth, we support social entrepreneurs in launching their dream, and we help reduce our environmental footprint. While many of us do full months-long projects with social sector organizations, others commit to volunteer projects on top of their existing client work, and some even take time away from Bain to pursue social impact externship opportunities around the world.
There are many ways to give an “Extra 10%” at Bain, from getting involved in an affiliation group to volunteering in and fund-raising for our communities.
Extra 10 Projects
Bain employees around the world, from associate consultants to partners, participate in Extra 10 consulting projects each year. Volunteer teams provide consulting advice to small nonprofits and social enterprises to help them tackle specific strategic challenges. We have done hundreds of such cases over the past few years.
We provide several formalized Extra 10 casework programs. Globally, we partner with Acumen to support Acumen Fellows leading social enterprises all over the world. One example: a Dallas team helping Clinic5, a network of health clinics serving low-income customers in Pakistan, to develop a growth strategy. Over the years we have supported hundreds of innovative local organizations. In New York, for example, we partner with Blue Ridge Labs, a Robin Hood Foundation venture, to support promising start-ups that are leveraging technology to build innovative solutions to challenges faced by low-income New Yorkers.
Through our global affiliation groups our people get involved in specific causes they care about, such as the following.
- The Global Development Network (GDEV) is a grassroots network that connects and mobilizes hundreds of us who share a passion for global development. The network holds educational events and offers opportunities for employees to support social enterprises in developing markets through globally coordinated Extra 10 projects.
- Green Teams leverage office-level “green communities,” people passionate about reducing our environmental impact, to champion sustainability. These employee-led teams identify and carry out environmentally sustainable practices in their local offices and share best practices globally.
Volunteering & Fund-raising
We embrace grassroots community service, encouraging employees to support the causes they care most about. Bain offers many opportunities to volunteer in our communities, including officewide Community Impact Days around the globe. In addition, offices offer volunteer opportunities year-round with local schools and other nonprofit community organizations. We tutor at local schools, serve meals at homeless shelters, provide tax prep assistance to low-income families and much more.
Over the last few years we have contributed over 100,000 hours of volunteer service and raised millions of dollars for local nonprofits.
Below are just a couple of examples of the creative ways local Bain teams give back to their communities:
- Dare Month: One month every year the Australia offices raise money by daring one another to do funny things; one employee directs a dare and a pledge to another individual via an office-wide email, and others can add to the pledge. Funds are pooled at the end of the month and shared with local nonprofits.
- Speed Mentoring Day: Every year our London office hosts a “speed mentoring day” that has now been copied by offices all around the globe. The offices invite start-ups to one-day strategy workshops where we dedicate Bain people to each start-up to review their current strategies, value proposition, market positioning, capability needs, investment plans and organizational skills. We also help them practice their pitch skills in front of our partners and guest experts.
For those who wish to truly immerse themselves in social impact work, Bain offers the opportunity to do a six-month externship, and since 2014, hundreds of us have worked with more than 80 social impact organizations. In addition, we work with our enduring social impact partners—Endeavor, Acumen, the Ethiopia Agribusiness Accelerator Platform, Accion Venture Lab, KIPP, The Nature Conservancy—as well as Bridgespan to design exclusive, high-impact externship roles for our people. Read on to learn more about these exclusive opportunities and how they have enriched the personal and professional experience of people at Bain.
Tulaa is a digital agribusiness that helps farmers in Kenya and Ghana access both inputs and buyers through its virtual marketplace. Benedek spent most of his externship designing a new service connecting smallholder farmers to large-scale agricultural buyers, and driving sales efforts.
Shalini spent six months at Bridgespan Mumbai, where she worked on a growth strategy for an Indonesian family foundation hoping to increase the impact of their philanthropic funds.
Jack worked with the newly established Endeavor Kenya office and with two of Endeavor Kenya’s entrepreneurs—Cellulant, a pan-African payments company, where he investigated and prioritized new products and markets; and Eclectics, a white-label mobile banking software business, where he worked on growth strategy.
Chenyu spent his externship working with the Ethiopian Agricultural Transformation Agency helping to launch and operationalize an agribusiness incubator and accelerator.
Andrea’s role was to screen the market to find outstanding social enterprises in the UK, work closely with their leaders to understand their needs, and then provide any required support through Social Business Trust’s corporate partners.
Aaras helped KIPP DC refine its grading system to promote greater consistency and improve alignment to KIPP’s values.
Accion Venture Lab is a seed-stage impact fund, investing in innovative early-stage fintech businesses around the world. Paul spent his externship helping start-ups in India, Colombia and Brazil refine and focus their strategies, and assessing dozens of US-based financial inclusion companies for investment.