• In what field is your degree? Chemical Engineering. • What will your new job entail? I will be joining as an associate (commensurate with MBA hires) in the general practice of McKinsey and Company. My work will involve working with Fortune 500 companies to help resolve some of their high level
strategy issues. • Were you pursuing both academic and nonacademic options in your job search? My main motivation for pursuing a doctoral degree was to teach as a professor. Over the last couple years as I realized that professorship in top Engineering schools in the country was more about conducting research (especially so in the initial years) and less about teaching, I started leaning towards non-academic options. • Were you considering a range of nonacademic options or had you decided to focus on consulting?
Within non-academic options, I was looking mostly towards consulting because some of the skills necessary to do research and teaching transfer very favorably into consulting. On a more practical note, the decision was strengthened by the knowledge that some of the top tier consulting firms were actively pursuing PhDs with a non-business background. That said, I had planned on pursuing the non-academic (more specifically consulting) route for the past Fall semester and if things were to not work out, I would start a full-swing job-search within my area of research inquiry. So I had not completely ruled out the academic/related industry option but placed my priorities in the order just mentioned. Again, it made sense to order them in such a way because consulting firms come to campus in the Fall and academic recruiting occurs in the Winter term. Regards related industry recruiting, that happens on a rolling basis year round, so no issue with regards to timing there. I was definitely clear that I did not want to mix my two recruiting efforts because the interviewing and the selection process is very different for the two sets of options. As a matter of fact, I was to realize later that even within consulting, every firm had such a different culture that though they were looking for the same set of overall skills, there were very fine and intangible distinctions, which are very easy to overlook. • What resources (books, webpages, friends, networking, etc.) did you find most useful during your job hunt? What resource, if anything, do you wish you had made use of earlier in your search? The biggest resource I leveraged was people. My preferred choice of learning method is interaction and, therefore, reading books on the subject seemed like the last option to me. Through firm-sponsored workshops, the Michigan consulting club, and through follow-ups with recruiters, I had a good base of people I could interact and prepare with for the interviewing process. On the side, looking up company profiles on the web was useful a few days before the interviews to understand their business better. Most of the books I referenced were university case books that are freely available in the Business School library. Looking back, I wish I had started on my efforts sooner because learning how to solve cases is a very different ball-game than conducting research in a lab or teaching a class. That said, it isn't rocket science, rather it's a practised art. In that sense, I would say that 'time' was the only resource I wish I had made use of earlier! • What impact do you think your PhD had on employers' interest in you? What do you think was most appealing about it to them? Were there any stereotypes about PhDs that you felt you had to overcome? To the firms aggressively recruiting PhDs alongside with their regular MBA hires, a PhD signifies the pinnacle of academic achievement. As a practical justification, one hears that a PhD program can be understood as a masters degree with few years of work experience. The biggest appeal PhDs have for consulting firms is their extraordinary problem solving ability coupled with persistence and perseverance. Their only concern is whether PhDs are able to transfer these skills into a nonacademic-type setting. So the only stereotype one might be expected to overcome is to demonstrate that a candidate is willing to break out of the academic cocoon and apply his skills to a business situation. • Many students cannot understand why a consulting firm would be interested in PhD students, that they have nothing to offer especially compared to someone with an MBA. How would you address that issue?
I like the way McKinsey addresses this question. According to them, in order to be a successful consultant, a candidate needs to demonstrate four attributes - problem solving ability, personal impact, leadership potential, and high aspirations. It's interesting that 'business knowledge' per se is not a necessary skill they are looking for. That said, an MBA degree assists people in putting their experiences and skills in a perspective that is attractive to most employers because they would rather 'recruit' a ready-made and 'packaged' candidate rather than taking the time and effort to groom people in-house. For example, McKinsey now offers the incoming PhD hires a 4-6 week 'mini-MBA' program to bring them up to speed with the business concepts and jargon and, therefore, finds its   hD recruiting as fulfilling as the MBA stream. • What do you think makes a candidate for a consulting position successful? How would you recommend that   hDs present themselves (in person or on paper) in order to be successful? Are there any pitfalls to be aware of when translating a CV to a resume? Indeed, the minimum a consulting company expects is a well written resume. Some firms are comfortable with looking at a CV though I personally recommend a one-page resume. The idea is not so much to avoid pitfalls in converting one to the other, but understanding the need of the employer and, therefore, ensuring that the key attributes they are looking for be highlighted and brought out well in the submitted document. On the behavioral side, I would say that the most important attribute is to come across as very professional and demonstrate the ability to do the job. Recruiters often ask themselves the following questions during their interactions with candidates - a) can I put this person in front on a client? b) can I have a good time talking to this person if stuck in an airport due to flight delays? and c) can this person put forth their ideas in a persuasive and succinct manner to the CEO of a company? These questions are filters to measure candidates on their ability to a) present themselves in a professional way, b) hold an interesting conversation outside of work, and c) be able to synthesize key information into a concise statement. I strongly recommend that prospective applicants prepare themselves in order to convey these three interpersonal skills. • What, if anything, do you anticipate will be your biggest challenge in adjusting to work as a consultant? I would have to say it would be life/work-style and travel. Years of PhD work have allowed me the flexibility to work late hours since I tend to function best at night. I would definitely need to work on maintaining sane waking hours to be a consultant! Also, travel for work, which seems to be an essential component of any consulting job, is something I would like to keep at a minimum or adjust to, whichever the case may be! |