Based on previous WSO threads, transitioning from a PhD to MBB (McKinsey, BCG, Bain) is definitely possible, especially if you are coming from a top university. Here are some key points to consider:

  1. Opportunities for PhDs in MBB:

    • MBB firms value the analytical and problem-solving skills that PhD candidates bring.
    • PhDs are often recruited for generalist consulting roles, but there are also opportunities in specialized or technical tracks depending on your expertise.
  2. Application Process:

    • The application process can be competitive, so it's important to present your profile in a consulting-friendly way. This includes tailoring your CV, cover letter, and LinkedIn profile to highlight relevant skills and experiences.
    • Networking can be crucial. Engaging with current consultants and attending recruitment events can help you understand the firm culture and get your foot in the door.
  3. Challenges and Considerations:

    • The transition from academia to consulting can be challenging due to the different work environments and expectations. However, many PhDs have successfully made this switch.
    • It's important to be prepared for the rigorous interview process, which often includes case studies and behavioral interviews.
  4. Support and Resources:

    • There are many resources available to help you prepare, including materials for CVs, cover letters, test and interview prep, and networking strategies. Engaging with these resources can significantly improve your chances.
  5. Personal Experiences:

    • Many PhDs have shared their experiences on forums like WSO, detailing their journey from academia to consulting. These stories can provide valuable insights and tips.

In summary, with a PhD from a top university in the DACH region, you have a strong foundation to pursue opportunities at MBB. Focus on presenting your profile effectively, leveraging available resources, and preparing thoroughly for the application process.

Sources: Q&A: PhD -> MBB (with some steps in between), B-school chances?, Why is MBB so sought after vs. Deloitte, PwC, Accenture, S&?, Math PhD to IB (M&A), Q&A: MD/PhD --> MBB --> MegaFund

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Yes, MBB do recruit PhDs, especially in Europe. Coming from a good university will definitely be a big help.

Now, do note that business was not great last year (though it's picking up this year), so recruitment may still be a bit slower than usual. I recommend doing all the research you can on MBB and strategy consulting before applying.

For context, I'm at Bain, and I have a PhD, but I'm based in the UK. I do know a little about the German recruiting for Bain, but not much about McK / BCG. Happy to review your CV too, if helpful.

 

Hi, not op but im considering a PhD because im really enjoying research work at university, but im worried financially about what the way forward would look like because i dont want to be a professor after. if it's okay with you could you share what pay looks like at that level? thanks so much :) (considering a phd in political science)  

 

Hey there,

Two questions from me to understand what you're after:

  • What do you mean exactly by "pay ... at that level"?
    • Do you mean pay at MBB post-PhD?
    • Pay in industry post-PhD?
    • Pay during the PhD itself?
  • Which region / country are you asking this for?
    • Answer will vary dramatically between Europe and the US, and even within Europe, there's too much variation to give a broad stroke answer
 

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