Does PhD help in consulting?

Two, a lot of the skills that PhD and advanced degree candidates have can be transferred to consulting. PhD students gather data, break down problems, write papers, and present their work to others. Analyzing data and presenting your work are critical skills that consultants use every day.

Do MBB hire PHDS?

MBB hires some PhD graduates due to their advanced analytical thinking which is extremely useful in consulting. However, please note that getting a PhD and then moving to consulting might not be such a good idea.

Why do PhDs go into consulting?

As a PhD, you are a rigorously trained critical thinker. You’re an expert when it comes to identifying specific issues and solving complex problems. In the world of consulting, science PhDs are sought-after assets because they know how to troubleshoot problems and develop better strategies.

Do you need PhD for consulting?

But all that work has prepared you for a high-end industry role like that of a business consultant. The consulting industry has a powerful need for PhDs with business acumen to fill high-level roles as management consultants.

Is consulting a good career option for a PhD student?

Consulting can be a great stepping stone for PhD students who aren’t willing to go into academia and would like to enter the business world. McKinsey and BCG are particularly active in the PhD recruiting space. And so are other smaller firms with a strong presence in healthcare and life sciences such as Navigant, Clearview or ZS Associates.

What is it like to be a management consultant?

First, management consulting is not completely unlike doing research. A big part of a management consultant’s job is to solve client problems.

Do all firms recruit PhDs at the same level?

However, not all firms recruit PhDs at the same level. Some firms like Bain or Oliver Wyman recruit PhDs at their undergraduate entry level which they respectively call Associate Consultant and Consultant.

What is the interview process like at a PhD consulting firm?

Each round of interview typically includes 2 to 5 interviews where you will be asked a mix of case questions and fit questions. The first hurdle you will need to overcome is writing a great PhD consulting resume (template available here). Our four main tips to achieve this as a PhD student are as follows: