Senior Economist, Macro Trends Group

General Information

Job Title

Job ID

71303

Description & Requirements

WHAT MAKES US A GREAT PLACE TO WORK

We are proud to be consistently recognized as one of the world's best places to work, a champion of diversity and a model of social responsibility. We are consistently ranked among Glassdoor's Best Places to Work list, and we have maintained a spot in the top four on Glassdoor's list for the last 14 years. We believe that diversity, inclusion and collaboration is key to building extraordinary teams. We hire people with exceptional talents, abilities and potential, then create an environment where you can become the best version of yourself and thrive both professionally and personally. We are publicly recognized by external parties such as Fortune, Vault, Mogul, Working Mother, Glassdoor and the Human Rights Campaign for being a great place to work for diversity and inclusion, women, LGBTQ and parents.

WHO YOU’LL WORK WITH

The Bain Macro Trends Group (MTG) is the capability group for developing Bain's insights about global macroeconomics, macro social trends and geopolitics as they impact the results of Bain's clients. The group's proprietary research includes work on trends driving global growth in GDP and in capital markets, as well as specific geographic analyses (including China, the United States and the Eurozone), which it uses to help clients understand the potential impact of the volatile global environment on their businesses.

WHAT YOU’LL DO

The Senior Economist will have three primary responsibilities:

Regional MTG expert for their assigned region (APAC, N America, W Europe, or LatAm). This will include monitoring and analysis of current events affecting major economies within the region, developing intellectual property (IP) for medium to longer term perspectives for these economies, and translating these multi-year viewpoints into evergreen quantitative scenarios for the region.
Cross-regional collaboration and contribution to IP development of thematic macro trends (e.g., Post-globalization, Capital superabundance, Labor automation).
Regular contributions of content to the MTG digital platform primarily focused on region specific issues, and their potential significance and implications across regions.

The individual will have had strong experience in defining and translating broader macro issues of some nature (economic, demographics, social and/or technological) into practical questions that can be understood through clear and cogent analysis, as well as facility with macroeconomic analysis. Additional facility with demographic, macrosocial and technological analysis is a plus.

ESSENTIAL FUNCTIONS

60%- IP: Develop world-class points of view on the outlook for the key regional economies of their assigned regions, as well as contribute to global “thematic” IP (e.g., Post-Globalization, Capital Superabundance) which cut across regions. This work product directly reaches over 800 clients and over 4000 individual subscribers, and is therefore expected to be externally-ready.
15% - Engage with/manage rotational client teams in implementing macro trends work and developing IP as it pertains to in-region issues or cross-regional thematic IP.
10% - Support MTG leadership’s vision with ideas and developments of additional products/services that Bain’s clients will value.
10% - Work across economist team as an effective cross-regional collaborator especially thinking through the integration of regional issues with global and/or thematic implications.
5%- Advisory support to teams for highest priority clients with familiarization to regional POVs, ad hoc customization as a subject matter expert.

ABOUT YOU

Required:

Undergraduate degree or substantial studies in macroeconomics
5+ years in a non-rote quantitative-analytical field
5+ years of communicating in presentations and written formats in a business or policy setting
Track record developing compelling macro points of view, from source data to final presentation
Consultant level client-facing role or equivalent experience
Ability to generate cutting-edge macro insights (geographic or thematic)
Quantitative macroeconomic model development (e.g., DSGE)
Experience in a client service environment, cultivating and growing client relationships
Senior presence in meetings and high caliber client/communications skills. Influential with senior executives on relevant topics and ‘holds own’ regarding macro POV and implications with other subject matter experts

Preferred:

Master's degree in Economics or International Relations
Statistical (e.g., econometric) and/or programming coursework including computational techniques for economic modeling
Facility with both the Bain toolkit and strong facility with macroeconomic analysis in a business advisory setting
Experience with a major statistical analysis package (e.g., Stata, SPSS) or macroeconomic tool (e.g., Macrobond)

Personal Attributes:

Irrespective of an individual’s specific background, the successful candidate will be: Entrepreneurial, proactive, and productive; someone who instinctively knows what needs to be done and rallies colleagues to get things accomplished; “rolls up the sleeves” and gets things done
Pragmatic—with a strong problem-solving facility and a practical “real-world” sense for what is do-able and critical for getting the right answer (versus trying to find every answer); a business-sense for honing in on implications that are actionable
Intuition for structural analysis—seeing the structure of an argument to identify where analytical force needs to be applied versus where “good enough” will do
Articulate and compelling in his/her oral and written communication skills; engaging and concise – with interpersonal “presence”; adaptable across client, technical and internal audiences
Energetic, with drive, enthusiasm, and natural skills in relationship development
A great colleague and teammate; passionate about the task at hand and fun to be around; someone with whom Bainies and clients go out of their way to work
Able to self-manage time, balance across competing demands in a fully virtual environment

ABOUT US

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future. Across 64 cities in 39 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.

U.S. Compensation Information

Compensation for this role includes base salary, annual discretionary performance bonus, 401(k) plan with an annual employer contribution based on years of service and Bain’s best in class benefits package (details listed below).

Some local governments in the United States require a good-faith, reasonable salary range be included in job postings for open roles. The estimated annualized compensation for this role is as follows:

-In New York City, the good-faith, reasonable annualized full-time salary range for this role is between $154,500 - $185,000; placement within this range will vary based on several factors including, but not limited to experience, education, licensure/certifications, training and skill level

-For all other locations, the good-faith, reasonable annualized full-time salary range for this role is commensurate with competitive geographic market rates for this role and will vary based on several factors including, but not limited to experience, education, licensure/certifications, training and skill level

-Annual discretionary performance bonus

-This role may also be eligible for other elements of discretionary compensation

-4.5% 401(k) company contribution, which increases after 3 years of service and is 100% vested upon start date

Bain & Company's comprehensive benefits and wellness program is designed to help employees achieve personal independence, protection and stability in the areas most important to you and your family.

-Bain pays 100% individual employee premiums for medical, dental and vision programs, offering one of the most comprehensive medical plans for employees without impacting your paycheck

-Generous paid time off, including parental leave, sick leave and paid holidays

-Fully vested 401(k) company contribution

-Paid Life and Long-Term Disability insurance

-Annual fitness reimbursements