Consulting after PhD?

A Chemistry/Material Science PhD student midway through his first year here (24 yo). I am wondering if consulting is an option for me as science job in the UK generally do not pay particularly well (and I am not interested in academia). 

May I ask if consulting after PhD is possible/how common is this? How could I prepare myself for it if I decide to choose this path? I go to a respectable but non-target though (think top 10/15 in the UK depends on ranking).

 
Most Helpful

Hi There,

I also did a PhD, although in social science rather than hard science, and I am at MBB in the UK, so first of all, this is definitely possible. And one of the partners here has a PhD in physics, so it's not unheard of, even among top brass.

As for what you can do to prepare, I'd suggest approaching it as methodically as possible:

1. Start by reading up on case prep material, watching case interview videos on YT, and browsing the likes of PrepLounge, CaseCoach, or ManagementConsulted for a ton of free info to get you started. It will help you get a better sense of what you are getting yourself into.

2. Look up some case interview prep books (the PDFs are usually easily found online) from NYU stern, Darden, MIT, Wharton, INSEAD and so on.

3. Then, if you are really interested in it, I would recommend you try and contact people at firms you find interesting (MBB, life science specialists, etc.) and see if any of them have a few minutes to spare to talk about their job, their company, and their experience there. You can narrow it down by people with PhDs or by alumni from your school. Look them up on LinkedIn and send a short introductory message asking for a 10 mins chat either online or in person if they are up for it and nearby.

4. If you are still interested by then, it will be time for case prep, so I am linking 3 answers I gave to other threads about the topic and applying in general, I hope this helps.

Links: (1) Case Prep Timeline, (2) General Application Tips, and (3) CV and LinkedIn recommendations.

Also note that there is a ton of info on this forum, and most of it applies widely to PhDs and non-PhDs alike. Best of luck!

 

100% agreed.

To add to that, go check if your university has some sort of consulting society or student consultancy. Best place to network, and will also teach you case studies.

I know a bunch of people who moved into consulting after their STEM PhD via that route.

 

Similique perspiciatis ut quia consectetur doloremque optio distinctio. Eius nisi enim nulla commodi necessitatibus cupiditate deserunt.

Libero qui voluptatum fuga ut voluptas esse. Voluptate quo ad ad accusantium eum dolorum modi.

Assumenda eum quia at est. Incidunt ab ullam incidunt nobis placeat vel. Ut pariatur autem dolor impedit et. Animi quia vel sapiente in at at. Aut ducimus nostrum consequatur inventore ea qui.

Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”