MD --> Consulting

I've graduated from Cambridge medicine with Economics BSc and MBBS. After finishing my foundation year 1-2 (2 years of the intern as a junior doctor to be fully qualified as a doctor), I found out that I'm more interested in economics, management and law rather than clinical medicine. So I applied for LSE MSc in Economics and Philosophy. All my grades from the universities are first class.

After graduating from LSE I would be 30. Would I be able to apply for and get a job offer from MBB? And if possible, what position would I start with, with how much salary in London.

I'm also thinking of going to law school in the US to do a JD/PhD Econ after gaining some experience from the consulting firm. Are all my thoughts feasible plan or is it just a bunch of nonsense? My final goal is to work at places like Worldbank or the UN after 40. Please give me some advice for those who have enough experiences.

 

If you want to do a PhD, why not take that route already? Especially in the US it can be quite a long process up to 5 years. I'm sure with a PhD in economics you can go to the UN without passing through an MBB

Array
 
Most Helpful

So you've already done two degrees. You applied to a third. Then you want to go back and do two more.

When does it end?

I've been in school for a long time myself; I'm graduating from a PhD this year. But there comes a point where you're collecting degrees like charm bracelets and it's clear that you're avoiding the work world. US econ PhDs have notoriously low pass rates on their comprehensive exams; most people don't make it past the first year by design.

Have you worked in a consulting or any professional/full-time job yet?

An MD/medical background is already a path into MBB. You can go through the advanced degree process to the post-MBA level, or at the very least start at a Junior Associate level at places like McK outside of North America. An MSc in Econ and Philosophy is not getting you any closer to an offer, especially because an MSc is typically a path to the entry-level positions. It's not like you can stack those and then start as a manager just by having a medical degree and an MSc.

Do you want to work at MBB? Then prepare well and go apply there.

Do you want to work at the UN or the World Bank? Figure out how to get there with the least amount of degrees/years and $$ wasted and take that route.

Don't know what you want? Get some work experience and move around until you land on the thing that you like.

There's no sense planning 12 years in the future. The purpose of education is to prepare you better for the outside world, not to stay there until you complete all the degrees available. The best route is the one that takes the least amount of time, money, and circuitous paths to get where you want to go. Simplify and go for what you want as directly as possible.

 

My 2 cents, you have a good shot now to apply to MBB, doing an MSc now doesn’t increase those chances. You already have a great degree behind you. I know this because I did the same thing and was successful. In the same notion, if you want to do a PhD then apply now. You need to figure out whether MBB or a PhD more aligns with your goals

 

Animi est sed impedit quo corporis reprehenderit. Ut pariatur quidem doloribus deleniti. Qui inventore recusandae sit quam. Maiores modi reprehenderit quas inventore in. Sint sapiente ipsa molestias ea.

Career Advancement Opportunities

May 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

May 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

May 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

May 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 (189) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
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...”