For broadband wireless communication systems, Orthogonal Frequency Division Multiplexing (OFDM) has been combined with Multi-Input Multi-Output (MIMO) techniques. Bit-Interleaved Coded Multiple Beamforming (BICMB) can achieve both spatial diversity and spatial multiplexing for flat fading MIMO channels. For frequency selective fading MIMO channels, BICMB with OFDM (BICMB-OFDM) can be applied to achieve both spatial diversity and multipath diversity, making it an important technique. However, analyzing the diversity of BICMB-OFDM is a challenging problem. In this paper, the diversity analysis of BICMB-OFDM is carried out. First, the maximum achievable diversity is derived and a full diversity condition R c SL ≤ 1 is proved, where R c , S, and L are the code rate, the number of parallel steams transmitted at each subcarrier, and the number of channel taps, respectively. Then, the performance degradation due to the correlation among subcarriers is investigated. Finally, the subcarrier grouping technique is employed to combat the performance degradation and provide multi-user compatibility.