What are the chances of getting into MBB being a PhD dropout from one of the target schools

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New answer on Dec 28, 2019
7 Answers
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Anonymous A asked on Dec 02, 2019

Hi everyone,

I am currently a PhD student at one of the target schools. I am currently halfway into the program and now seriously considering a role at MBB (dropping out of PhD with a Master's degree).

Prior to that I worked as an Investment Banker for 2 years. I was a consultant in a student driven club at my previous university (in the US). My academic credentials are very strong with decent extracurricular activities.

The career services department informed me that I need to apply off-campus as on-campus recruitment is geared towards only MBA students. So I want to know my chances if I apply off-campus.

Thank you for your time.

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Clara
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replied on Dec 03, 2019
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Honestly, I don´t believe you should have any problem, as long as your reasons for dropping out are solid (e.g., "I realised it was not for me for X and Y", and not give the feeling of "It was too difficult and I gave up")

Everything else that you describe looks actually like a very good fit, so just prepare very well your answer to the obvious question "Why are you dropping?" and you are good to go!

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Antonello
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replied on Dec 02, 2019
McKinsey | MBA professor for consulting interviews

Hi,
you have a perfect background to be invited to the interviews.
PhDs, even the scientific ones, are very appreciated by top-tier firms. E.g. McKinsey often offers to PhD graduates the Junior associate position (here you can find some other details, clicking on "Advanced professional degree candidates" https://www.mckinsey.com/careers/students).
Moreover, your experience in Investment Banking will be an important plus.

Feel free to text me for any tips about CV and cover letter writing or preparation in general.

Best,
Antonello

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Deepti
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replied on Dec 02, 2019

Hi,

You should reach out to alumni from your school at these firms and setup coffee chats. Your best bet in the off cycle is to get an existing employee to refer you. Most likely to get you an interview.

Deepti

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Anonymous A on Dec 02, 2019
Thanks for the suggestion Deepti. I started reaching out to alumni.
Luca
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replied on Dec 28, 2019
BCG |NASA |20+ interviews with 100% success rate| 120+ students coached |GMAT expert 780/800 score

Hello,

Top consulting firms are increasingly looking for PhD students, even valuating the years of PhD as working experience.

Just build a solid story to motivate your change and you will be okay.

Best,
Luca

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Udayan
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updated an answer on Dec 04, 2019
Top rated McKinsey coach with many offers /Ex McKinsey EM in New York /6 years McKinsey recruiting experience/Real cases

Halfway through a PhD in the US typically means you have a Masters or equivalent degree which gives you something concrete to put on your resume.

In terms of chances - it is not the same as someone who has finished a PhD and therefore can qualify to gothrough the Advanced Placement route. However, given that you went to a target school you will be in the pool of candidates who apply as Non-MBA Graduates. The chances of getting hired from this pool are again not as high as the MBA pool so you will have to do a lot of networking to get yourself noticed.

All the best.

Udayan

(edited)

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Deniz
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replied on Dec 07, 2019
BCG | A.T. Kearney | University of Cambridge | 350+ coachees | 5+ years of consulting experience in London, Dubai and Istanbul

Hi,

This should not impact your chances, you can still apply off-campus.

Best,

Deniz

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Vlad
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replied on Dec 02, 2019
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
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Anonymous A on Dec 02, 2019
Thank you for the kind words Vlad. I am currently working on my application. I do have some contacts for referral.

(edited)

Clara gave the best answer

Clara

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McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
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