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PhD with 2 years of Pharmaceutical Industry experience - consulting opportunities

Anonymous A asked on Oct 04, 2019 - 3 answers

I have a PhD in Pharmaceutical Sciences from the top Pharmacy school in the country (non-Ivy) and by the time I hope to transition to consulting (middle of next year, after preparation/case practice!), I would have had 2 years of full time work experience in the pharma industry in clinical R&D in oncology. I do like my current job but feel that management conulting would give me broader exposure to the industry and leadership experience. How would my chances be with MBB, and are there any specific timelines to apply? Some ways down the line, but if I did get a chance to work at one of these firms, would I be consulting primarily for the health-care indutry, or would I be exposed to different industries?

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Deniz
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replied on Oct 05, 2019
BCG | A.T. Kearney | University of Cambridge | 150+ coachees | 5+ years of consulting experience in London, Dubai and Istanbul
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Hi,

I had many trainees with Ph.D. in Pharma, and all of them were considered for the healthcare practice at MBB's various offices. Thus I will assume that you will most likely be considered for this practice. However, if you would like to be a generalist, I advise that you communicate this in your cover letter, and during the interviews.

Best,

Deniz

Francesco
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replied on Oct 07, 2019
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Hi Anonymous,

your background is definitely interesting for consulting, in particular so far that you are coming from a target school. In order to increase the likelihood to be invited for interviews I would recommend to find referrals for your application; you can find more on referrals at the following link: https://www.preplounge.com/en/consulting-forum/hey-everyonehope-all-is-well-3176

In terms of timeline, you should refer to the website of your target office, as the answer may be different according to the region interesting for you.

It is very likely you will focus on healthcare given your background. Since you have already technical knowledge, if you manage to do some years in MBB this could lead to excellent exit opportunities in pharma after consulting.

Best,

Francesco

Vlad
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replied on Oct 04, 2019
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Hi,

Your profile fits the consulting since you have PHD, subject matter expertise and business experience.

You can apply at any time

Of course they will put you on pharma projects but you can swithc the industry at any time. However I recommend starting with pharma where you will be much more valuable for the project and will be able to learn the consulting approaches

Best

Thanks for the feedback, appreciate it! Would the title be equivalent to entry-level MBA grads? Also, what is the average compensation at this level? I was looking at mid-Atlantic and NE offices — Anonymous A on Oct 04, 2019

It's the same title for MBAs (associate at MCK) and you can find all salaries on glassdoor — Vlad on Oct 06, 2019