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ForUsAll
2023Diversity,Equity,
andInclusionReport
Copyright?2023Bain&Company,Inc.Allrightsreserved.
ForUsAll
Progress,accelerated.Sincewefirstissuedthisreporttwoyearsago,wecansharemorerapid,concreteprogressinourdiversity,equity,andinclusioneffortsthanatanytimeinourDEIjourneyatBain&Company,ajourneyofmorethan30years.Acrossregions,functions,andconsultingpracticesaroundtheglobe,practical,on-the-groundDEIeffortstoucheveryBainie.Fromourleadershiptoourmostjuniorinterns,wesharerealaccountabilityforthoseefforts.
Today,ourambitionismarkedasmuchbyouractionsasbyouraspirations.Wecontinuetoembedandscalewhatworksandfixwhatdoesn’t.WewanteveryBainietofeelinspiredbywhatwesharehere,forfutureBainiestoknowtheybelonghere,andforourclientstoseenotonlythatwehavetheexpertisetohelpthemontheirDEIjourneys,butthatourownjourneycontinues.
OurAmbition
Wearecommittedtodrivingbreakthroughresultsasaleaderindiversity,equity,andinclusioninallthatwedo—forourpeople,ourbusiness,andourcommunity.
1|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
2|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
AllofUs,AlltheTime
DEIatBainisattheheartofourtalentstrategy.Ithelpsusattractandretaintheworld’sbestbusinesstalent.Ithelpsusbebetterteammatesandproducesbetterresultsforourclients.Andittoucheseachofus.Itwouldbeimpossibletocaptureinthisspaceeveryeffortacrossourglobalfirm,butweareproudtosharebelowasnapshotoftheworkwealldo.
Thesectionsbelowofferasampleofourefforts.
StrategyandAccountability
TalentJourneys
ThrivingCommunities
InclusiveLeadership
GlobalImpact
4|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
StrategyandAccountability
EmbeddingDEIeffortsacrossourfirm
OurDEIgoals—forourpeople,ourbusiness,andourcommunity—areglobalandambitious.Forourpeople,theyincludediverserepresentationandanequivalentlivedexperience.Thatmeansourworkforceandleadershipteamsshouldmirrortheirmarkets,andthateveryBainieshouldfeeltheybelongandbelieveBainisabestplacetowork.Weactivelymeasurethedegreetowhicheachofussaysthatistrue.
Inourbusiness,weaimtoembedourDEIperspectiveandtoolsinallourclientworkandinourworkwithourownsuppliers.WeaspiretobethepartnerofchoicefororganizationsmakingadifferenceinDEIinourcommunities,andwebackthat
goalwithaprobonocommitmentof$100milliontosocialjusticeandracialandgenderequity.
OurDEICenterofExcellenceandourTalentteamsprovidecriticalglobalsupportforallofthesegoals.Butnocentralofficeortop-downdirectivealonecouldinfluencethethousandsofdailydecisionsandactionsinvolved;oursuccessdependsoneveryleaderandeveryteammate.They,inturn,canrelyonourfirmwideDEIecosystem—strengthenedandgreatlyexpandedoverthepastthreeyears—ofglobalandregionalleadership,affinitygroups,andDEIchampions.DEIisembeddedinourtalentacquisitionandmanagement,marketing,legal,procurement,andotherbusinessfunctions.Strongfeedbackloopshelpuscontinuouslyevolveandimprove.
“DEIisintegraltowhoweareasafirm,andourjourneyisanchoredbycleargoalsandasystematictrackingprocess.Wehavelaidastrongfoundationforprogressthroughsystematicchangestoourtalentprocesses,trainingcontent,recruitingandpromotionprocesses,andleadershipdialogues.Aswestriveforevenbetteroutcomes,wewillbeaccountable,curious,andcontinuallylearning.”
SatishShankar
RegionalManagingPartner,APAC
TalentJourneys
Arewardingcareer,everydayfromdayone
Ourclientsandourownbusinessoperationsdependonexceptionaltalent,andwearemakingsurewerecruitandhirethattalentfromasbroadapoolaspossible.ThatincludesundergraduaterecruitmentandhiringprogramssuchasourFreshmanLeadershipAccelerator(FLA);ourBuildingandSupportingExcellence(BASE)andBuildingEntrepreneurialLeaders(BEL)internshipprogramsforBlack,Latino/Latina,orIndigenousMBAstudentsandundergraduatesintheAmericas;andourAdvantageprogramforgraduatestudents.
IntheUK,weexpandedprogramsforBlackheritagestudentsandpartnered
withourcompetitorstocreatemoreopportunitiesforrecruitsfromlower
socioeconomicbackgrounds,whilealsolaunchingadiversityrecruitingprograminGermanyandAustria.
Globally,wesawparticipationriseinourLeadtoInspireprogramforwomenrecruits,andwemademoreofferstowomenateverystageoftheirundergraduatecareers,fromourConnecting&ResourcingEmpoweredWomen(CREW)leadershipprogramforsophomorestoourTrueNorthScholarships.InAPAC,weofferedaseriesof
Thrivingworkshopsforwomenprofessionals.
Toincreasethesuccessofournewhires,wealsoexpandedouronboarding
excellenceprogramstomorerolesandgroups.
“BELgavemeawindowintomyfutureatBainandenhancedmyexperienceasanAssociateConsultantIntern.Itgavemeastrongnetworkofmentorsandsponsorsandpreparedmeformanyopportunities,includingmytransfertoEurope.SomeofmyclosestfriendsarefrommyBELcohort,andfiveyearslater,Istillmaintainregularcheck-inswithmyBELsupervisor,nowapartnerinChicago.”
MelvinOsanya
Consultant,ChicagoandCopenhagen;2018BELParticipant
7|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
ThrivingCommunities
Buildingbelongingandsupport
ProfessionaldevelopmentsupportandourfocusonbuildingtrustinBain’ssystemsandprocessesareessentialelementsoftheBaintalentjourney,butalonetheyarenotenough.AllBainies,andespeciallythosefromunderrepresentedbackgrounds,alsomustfeeltheybelongandcanbetheirauthenticselvesatwork.
Ouraffinitygroups,andtheprogrammingandcelebrationstheysponsor,areoneopportunityforBainiestoconnectwithotherswhosharesimilarlivedexperiencesandstrengthentheirsenseofbelongingatBain.ThepastyearsawthelaunchintheAmericasofournewestaffinitygroup,FirstGenerationandLowIncomeatBain(BFLI).WeextendedDiverseAbilitiesatBaintoSouthAmericaandEMEA.EMEAalsoexpandedexistingaffinitygroups,includingBlacksatBainandLatinxatBain,whilebothEMEAandAPACexpandedprogrammingforBGLAD,theLGBTQnetwork.
FromheritagemonthcelebrationstoregionalforumssuchasourEngagingAcrossLinesofDifferenceforumintheAmericas,weworktoensurethatthesenseofbelonginggoesbeyondindividualgroupstopromotelearningandallyshipthroughoutthefirm.
TohelpeveryBainiebetheirauthenticselfandtheirbestself,wealsocontinuetoinvestinwell-beingandmentalhealthviaofferingslikeB.E.S.T.andthroughexternalpartnerssuchasSpringHealth.
“IwasinstantlyacceptedasmygenuineselfatBain,andafterjoining—andattimescoleading—BGLADandVeteransatBain,IwantedallBainiestofeelthatsamesenseofbelonging.IwasexcitedwhenotherDallasBainiesfirstmentionedBFLI,andIamhonoredtobeamember.Bainseemsnotonlytoacknowledgeeachperson’s
differences,butalsotocelebratethem.”
AlishaScott
SystemsEngineer,TechnologyServicesGroup,Dallas
InclusiveLeadership
Leaderseveryonewantstoworkfor
AtBain,wedefineourselvesbyourmissionstatementandouroperatingprinciples.Fromour“passionforresults”toourmutualpromisethat“aBainieneverletsanotherBainiefail,”ourprinciplesunderpintheculturethatmakespeoplewanttoworkhere.TheyarethereasonBainisconsistentlyvotedabestplacetowork.Thisyear,wewentastepfurtheranddefinedhowtoliveuptoourprincipleof“DiverseTeams,OneBain”—howtobeleadersandteammateswhoarecommitted,purposeful,curious,empathetic,andaccountable.Ourteamswanttoworkforleaderswhoexhibitthesebehaviors,andwhentheydo,theydobetter,morecreativeworkforourclients.
Toensurethatallourleadersmodelinclusivebehavior,wegofarbeyondclassroom-styletrainingstoemphasizeexperiencesharingandpracticalexperience.Leaders’ongoinglearningjourneysincludemicro-trainings,onlineresources,andopportunitiestoexchangeideas.Thispastyear’sAPACWomen’sLeadershipTeamForumisoneofmanyexamplesoftheBainleadershipcurriculumfocusedoninclusiveteamingandgrowth-orientedcoaching.
GlobalImpact
WhatwedobeyondBain’swalls
Wearetrustedadviserstotheworld’slargestcompaniesandsocialimpactorganizations,andwearecommittedtohelpingthemcreatelevelsofvaluethatsetnewstandardsofexcellenceintheirindustries.Doneright,webelieveDEIresultsinbetterbusinessoutcomesforourclients,justasitdoesforus.
Withourclients,wehaveconductedequitydiagnosticsacrosstheirprocesses,user
experiences,andoutcomes.WehelpthemscaletheirDEIprogramssothat,byofferingincreasedemploymentopportunitiesandgreatercareermobility,theycanaccessthetalenttheyneedtoachievebusinesssuccess.
BainhelpedfoundandlaunchOneTenintheUnitedStatesandsupportsBlackNorthinCanada,bothofwhicharecommittedtoincreasingeconomicopportunitiesfortheBlackcommunity.Manyofourclientshaveimplementedskills-firsthiringasaresultofourwork,advancingtheprospectsofBlackjobapplicantswhomaylackfour-yeardegrees.Alongwithmorethan60businessandcivilsocietyleaders,wesupportedlastyear’sTacklingInequalityreportbytheWorldBusinessCouncilforSustainableDevelopment,withourchiefdiversityofficerservingasoneofthecommissioners.
WealsoproducedresearchongenderparityinGreaterChina,EMEA,SouthAmerica,andAustraliaandcontinuedourindustry-firstinitiative,Stratos,tobringtogetherfemaleC-suiteexecutivesinfinancialservices.InAustralia,wefurtheredourcommitmenttotheAboriginalandTorresStraitIslanderpeopleswiththereleaseofoursecondreconciliationactionplan.
“WehelpourclientscreateDEIstrategiesthatworkbybuildingbuy-inwiththe
businessleaderswhowillexecutethestrategy.Often,wearebroughtinbyaDEIchampiontohelptheirpeersunderstandthebusinesscaseforDEIandcocreatetheambition,sincethoseP&Lownerswillactuallydrivethechange.Wealsotrainthemonwhatitmeanstobeaninclusiveleadersotheycanleadbyexample.”
KrystleJiang
PracticeManager,DEIPractice,Atlanta
WithintheUS,we
haveseenincreases
inrepresentationfor
allunderrepresented
groups,bothoverall
andatthe
leadershiplevel.
OurData
Howarewedoingwhenitcomestodiversity?Thisisthethirdyearwehavesharedourdata,and
whilewehavefurthertogo,weareproudtopresentourglobalandregionalresults,aswellas
country-specificspotlights.Asithasforthepasttwoyears,representationofwomeninleadershipgrewagaininallthreeregions,reachingnearly40%intheAmericasandjumping4pointsinEMEA.Overallrepresentationofwomenalsocontinuestobestrongincountriesaroundtheworld,andwecontinuetoinvestingrowingourLGBTQrepresentation.*WithintheUS,wehaveseenincreasesinrepresentationforallunderrepresentedgroups,bothoverallandattheleadershiplevel.
Representationof
womeninleadership
grewagaininall
threeregions,reaching
nearly40%inthe
Americasandjumping
4pointsinEMEA.
*Weprotectouremployees’righttoprivacy,soourLGBTQdataisdirectionalandbasedonvoluntarydisclosure.
12|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
55%
Lessthan1%
2021
54%
2023
Lessthan1%
69%
Lessthan1%
34%
67%
Lessthan1%
52%
2021
51%
2023
37%
39%
56%
2021
Lessthan1%
24%
28%
57%
2021
58%
2023
Lessthan1%
31%
31%
Global/Regional
GIobaI
Gender
overall
45%
46%
womenNonbinaryMen
Leadership
31%
LGBTQ
Americas
overall
Leadership
Gender
overall
48%
Lessthan1%
50%
Lessthan1%
womenNonbinaryMen
Leadership
63%
Lessthan1%
61%
Lessthan1%
LGBTQ
overall
Leadership
EMEA
Gender
overall
44%
Lessthan1%
202347%53%
womenNonbinaryMen
Leadership
76%
Lessthan1%
72%
Lessthan1%
LGBTQ
overall
Leadership
APAC
Gender
overall
43%
Lessthan1%
42%
womenNonbinaryMen
Leadership
70%
Lessthan1%
69%
Lessthan1%
LGBTQ
overall
Leadership
Note:percentagesmaynottotal100%duetorounding
13|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
33%
38%
19%
20%
49%
48%
36%
39%
55%
Lessthan1%
54%
66%
Lessthan1%
65%
48%
Lessthan1%
50%
33%
34%
LocalSpotlights
southAmerica
Gender
2021
2023
overall
67%
Lessthan1%
63%
Lessthan1%
womenNonbinaryMen
Leadership
81%
Lessthan1%
80%
Lessthan1%
LGBTQ
overall
2021
3%
Leadership
2023
4%
UK
Gender
2021
2023
overall
52%
Lessthan1%
52%
Lessthan1%
womenNonbinaryMen
Leadership
64%
Lessthan1%
61%
Lessthan1%
LGBTQ
overall
Leadership
2023
4%
France
Gender
2021
2023
overall
45%
46%
Lessthan1%
womenNonbinaryMen
Leadership
34%
35%
Lessthan1%
LGBTQ
overall
Leadership
AustraIia
Gender
2021
2023
overall
52%
50%
Lessthan1%
womenNonbinaryMen
Leadership
67%
Lessthan1%
66%
Lessthan1%
LGBTQ
overall
Leadership
Note:percentagesmaynottotal100%duetorounding
14|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
40%
Lessthan1%
40%
Lessthan1%
44%
56%
Lessthan1%
58%
Lessthan1%
LocalSpotlights(continued)
Greaterchina
Gender
2021
2023
overall
61%
60%
womenNonbinaryMen
Leadership
42%
LGBTQ
overall
2021
2%
Leadership
2023
2%
Note:percentagesmaynottotal100%duetorounding
15|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
US
Overallgender
202150%
202352%
WomenNonbinaryMen
Overallgender(consulting)
50%
Lessthan1%
48%
Lessthan1%
202141%
202342%
WomenNonbinaryMen
Overallgender(nonconsulting)
59%
Lessthan1%
58%
Lessthan1%
202171%
202371%
WomenNonbinaryMen
Overallrace/ethnicity
29%
Lessthan1%
29%
Lessthan1%
2021
2023
6%5%4%17%68%
7%7%5%19%62%
2ormoreracesBlackLatino/LatinaAsianWhite/other
Overallrace/ethnicity(consulting)
2021
2023
66%
6%4%4%20%
7%
6%
60%
4%23%
2ormoreracesBlackLatino/LatinaAsianWhite/other
Note:Percentagesmaynottotal100%duetorounding
16|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
US(continued)
overaIIrace/ethnicity(nonconsuIting)
2021
2023
6%
7%
7%4%
10%
10%
6%
Black
73%
11%
Latino/Latina
67%
Asian
white/other
2ormoreraces
overaIILGBTQ
2021
6%
overaIILGBTQ(consuIting)
2023
7%
2021
6%
overaIILGBTQ(nonconsuIting)
2023
7%
2021
6%
overaIIveterans
2023
7%
2021
2%
overaIIveterans(consuIting)
2023
3%
2021
3%
overaIIveterans(nonconsuIting)
2023
3%
20212023
2%2%
Note:percentagesmaynottotal100%duetorounding
17|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
US(continued)
overaIIintersectionaIity
Genderxraceandethnicity2023
Men
women
Genderx
LGBTQ2023
5%
5%
6%
64%
20%
7%
5%
10%
18%
61%
2ormoreracesBlackLatino/LatinaAsianwhite/other
36%
63%
1%
womenNonbinaryMen
overaIIintersectionaIity(consuIting)
Genderxraceandethnicity2023
Men
women
7%4%5%21%63%
7%8%4%26%56%
2ormoreracesBlackLatino/LatinaAsianwhite/other
Genderx
LGBTQ2023
33%66%
Lessthan1%
womenNonbinaryMen
overaIIintersectionaIity(nonconsuIting)
Genderxraceandethnicity
Men
5%8%6%14%
68%
2023women
7%11%6%9%
67%
2ormoreracesBlack
Latino/LatinaAsian
white/other
Genderx
LGBTQ2023
42%
womenNonbinary
Men
57%
2%
Leadership
-gender
2021
2023
39%61%
Lessthan1%
41%59%
Lessthan1%
womenNonbinaryMen
Note:percentagesmaynottotal100%duetorounding
18|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
US(continued)
Leadership-race/ethnicity
2021
2023
4%13%80%
4%3%15%77%
BlackLatino/LatinaAsianwhite/other
2ormoreraces
Leadership-LGBTQ
2021
4%
Leadership-veterans
2023
5%
2021
3%
Newhires-gender
2023
3%
202146%
202352%
womenNonbinaryMen
Newhires-gender(consuIting)
54%
Lessthan1%
48%
Lessthan1%
202143%
202344%
womenNonbinaryMen
Newhires-gender(nonconsuIting)
57%
Lessthan1%
56%
Lessthan1%
2021
2023
63%37%
Lessthan1%
72%28%
Lessthan1%
womenNonbinaryMen
Note:percentagesmaynottotal100%duetorounding
19|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
US(continued)
Newhires-race/ethnicity
2021
2023
10%9%4%24%53%
8%12%6%24%50%
2ormoreracesBlackLatino/LatinaAsianwhite/other
Newhires-race/ethnicity(consuIting)
2021
2023
10%7%4%25%54%
8%10%6%29%48%
2ormoreracesBlackLatino/LatinaAsianwhite/other
Newhires-race/ethnicity(nonconsuIting)
2021
2023
Newhires-
8%20%
9%18%
2ormoreraces
LGBTQ
Black
8%
7%
Latino/Latina
17%
11%
Asian
47%
55%
white/other
2021
8%
Newhires-LGBTQ(consuIting)
2023
8%
2021
8%
Newhires-LGBTQ(nonconsuIting)
2023
8%
20212023
6%8%
Note:percentagesmaynottotal100%duetorounding
20|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
US(continued)
Newhires-veterans
20212023
4%3%
Newhires-veterans(consuIting)
20212023
4%3%
Newhires-veterans(nonconsuIting)
20212023
2%3%
Note:percentagesmaynottotal100%duetorounding
21|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
22|2023Diversity,Equity,andInclusionReport|Bain&Company,Inc.
AJourneyMarkedbyProgress
Whenweissuedthisreportlastyear,wewereinthemidstofaglobaltestingandlearningeffortthatcontinuestoday.Wehadambitiousgoalsforourpeople,ourbu
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