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How to transition from PhD to consulting? – IGotAnOffer
Here's the announcement about a special offer - learn more here. Going from PhD to consulting can feel intimidating. It's hard to know which consulting firms recruit PhDs, and at which level. And it can also sometimes feel unclear if you'll be using your PhD skills at all or completely starting from scratch. So let's walk through how you should manage your transition from PhD to consulting step by step.
From which firms to target to how much you will be paid and how to ace your applications and interviews, consulting phd resume. Consulting firms help clients solve some of the most difficult problems they face in their business.
As a consequence, firms like McKinsey, BCG and Bain have always been competing with each other to recruit the smartest talent possible. Historically, top consulting firms were mainly hiring MBAs but that has changed over the past few decades and they now also target undergraduate and PhD students. 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, consulting phd resume.
This recruiting approach can feel a little bit frustrating as a PhD given you've spent much more time studying and also usually consulting phd resume more work experience than a typical undergraduate.
But the good news is that some firms have started to recognise this issue and to hire PhDs at the level just above the entry level one, consulting phd resume. This most notably includes McKinsey and BCG which respectively hire PhDs at Junior Associate and Senior Associate levels.
As you can see in the graph below, these are equivalent levels despite the fact that the two firms call them differently, consulting phd resume. As you've probably understood by now, McKinsey and BCG are great firms to target as a PhD because you will get in a at higher level than other firms which has got a few advantages:. If you want to target these two firms, we consulting phd resume recommend taking a look at the recruiting events they regularly organise for PhDs: the McKinsey Insight Programme and the Bridge to BCG Programme.
We would definitely encourage you to apply if you can. In addition, if you have done a PhD in life sciences, we would also encourage you to take a look at consulting firms which have a strong focus on healthcare and pharma, consulting phd resume. This includes Consulting phd resumeClearViewNavigant and ZS Associates among others. These are smaller firms than McKinsey or BCG in terms of size but they have a strong culture of hiring PhDs consulting phd resume could be a good addition to your list.
Finally, McKinsey, BCG and the other consulting firms we have mentioned above take part to the PhD consulting phd resume consulting conference every year in the UK. We would recommend attending if you are based in London. Consulting is intense and your interviewers will want to make sure you have carefully thought about why you want to become a management consultant. In our experience here are the top 3 aspects of management consulting that are most relevant to PhD students.
First, management consulting phd resume is not completely unlike doing research. A big part of a management consultant's job consulting phd resume to solve client problems. Going to work for firms like McKinsey or BCG will therefore give you the opportunity to continue using the skills you have developped while doing your PhD: from gathering data, to breaking down problems into manageable pieces and to articulating your ideas in a structured way.
Here are a few case examples if you want a more precise idea of the type of projects consultants work on. Second, consulting phd resume, one of the differences between management consulting and academia is the pace at which things go. You typically go less deep in the problems you solve in management consulting.
But you are asked to solve them much faster, consulting phd resume. There's an emphasis on speed over depth. The bright side of this is that you will consulting phd resume see the results of your work much faster as a consultant. Third, if you've decided academia isn't for you and are attracted to the business world, consulting can be a great stepping stone.
McKinsey, BCG and Bain are sometimes referred to as " CEO factories " because a lot of consulting phd resume alumnus go consulting phd resume to manage Fortune companies. For instance, both Sheryl Sandberg Facebook COO and Sundar Pichai Google CEO are former McKinsey consultants. Not all consultants go on to do great things but some do! Having a clear idea of why you want to be a consultant is important because it's a demanding job which often involves long hours and a lot of travel.
A few PhD students have told the story of how they managed to transition to management consulting and why they did it which we recommend taking the time to read: see herehere and here for example. In addition, you can also watch our video consulting phd resume why consulting below. Now that you know what firms to target, let's talk about the consulting application process.
For most firms it looks something like this:. 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:. Once your resume and cover letter have been accepted you will need to start preparing for case interviews. This type of interviews lasts about 30 minutes during which you will analyse and solve a business problem. These cases are usually inspired from past consulting projects your interviewer will have worked on. For example, your interviewer could ask you: "Your client is Coca-Cola, and their profits have been declining in recent years.
Can you help find the root-cause of the profit decline and turn the situation around? We've helped more than 20, students prepare for consulting interviews in the past and in our experience the following four-step approach makes for a great preparation.
But even if you don't end up using these programmes, we still encourage you to take this four-step approach. Trust us, it really works! 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, consulting phd resume. McKinsey and BCG are particularly active in the PhD recruiting space.
And consulting phd resume are other smaller firms with a strong presence in healthcare and life sciences such as Navigant, Clearview or ZS Associates, consulting phd resume. Getting an offer in consulting can be a bit challenging but if you follow our guidance on resumes, cover letters and case interviews your chances are actually quite high.
What consulting firms are you targeting? And do you have any questions about case interview preparation? Don't hesitate to ask your questions or leave your thoughts below and our team will get back to you. If you would like to fast track your case interview preparation and maximise your chances of consulting phd resume an offer at McKinsey, BCG or Bain, come and train with us.
We know this because we give half of their money back to people who don't. Crack the Consulting phd resume Practise case and behavioural questions 1-on-1 with ex-interviewers. Stories New.
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Career in consulting with a PhD?
, time: 20:44How to write a great PhD consulting resume? – IGotAnOffer
Our writers Management Consulting Phd Resume (experts, masters, bachelor, and doctorate) write all the papers from scratch and always follow the instructions of the client to the blogger.com the order is completed, it is Management Consulting Phd Resume verified that each copy that does not present plagiarism with the latest software to ensure What's the most effective way to make my profile and resume noticeable for entry into MBBs or top tier consulting after my PhD.? Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Search within r/consulting. r/consulting. Log In Sign Up Aug 18, · Consultant Resume Summary: If you have relevant experience in consulting, go for a resume summary. It provides a short overview of your consultant work history and underlines your skills and competencies. Consultant Resume Objective: If you’re a recent grad or at a point of changing career paths, pick a resume objective
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