Cheeky Logo
Ready To Get Hired?
Apply To Book A Free Call With Our Transition Specialist Team

Your PhD Is Not Enough – 7 Articles To Increase Your Business Acumen And Get Hired In Industry

When I finished my PhD, I was very anxious and scared about getting a job.

I felt unprepared for the “real” world.

For about 20 years, I had been calling myself a student — and, that was about to end.

I was excited to leave academia and get a job, but I was unprepared.

All of my skills revolved around academia and I was sure that no one would want to hire me because of that.

I had no business skills.

I went to a few interviews and everyone was talking about things that I had no idea about.

Sales, marketing, clients, customers, leads — it was overwhelming.

They don’t teach these things in graduate school.

When I landed my first job, the business concept of learning only intensified.

I was constantly playing catch-up.

I really wish that I had taken the time to learn more about how businesses work before I started working in industry.

It would have been a much smoother transition if I had a little bit of MBA knowledge.

Why Having Business Know-How Makes PhDs Highly Desirable Employees

Your technical skills as a PhD might get you in the door for an interview or a phone screen, but it’s not enough to get you hired.

To be the one candidate who gets hired, you must have a solid understanding of business.

According to a survey by LinkedIn, business intelligence was on the top 20 list of in-demand skills.

When companies have a pool of talented job candidates, having a solid understanding of business can make you the top candidate.
Consultancy UK reported that 41% of Chief Human Resources Officers cited business acumen as the most lacking skill when sourcing new talent.

And, according to BTS, 65% of business leaders said that a lack of business acumen strongly inhibits the execution of company strategies.

Bottom line, businesses need employees who are business savvy.

If you develop strong commercial and business acumen, you can be a great asset to a company.

Your PhD makes you a highly desirable candidate.

And, a solid business understanding will put you right to the top of the list.

Cheeky Scientist Top 7 Business Acumen Articles

We’ve said it before, your PhD alone is not enough.

A company wants to hire an employee who will make the company more successful.

That might seem obvious.

But, how do you show a potential employer that you will add value to the company?

Not by flaunting your degree.

But rather, by demonstrating your understanding of the industry and their business goals.

They want someone with a keen business acumen who has a good understanding of the technical side of things, but can also make strategic business decisions.

You can be that candidate.

All you have to do is invest in yourself and increase your business acumen.

Here are the top 7 Cheeky Scientist articles to help PhDs become a top job candidate by expanding your business acumen…

Stop Getting Rejected For PhD Jobs By Learning These 7 Business Concepts

You don’t learn about business concepts during your PhD.

It’s just not a thing that PhD programs value.

But, you need to have a keen business sense to thrive in industry

So, it’s up to you to make the effort and seek out the information you need.

The concepts here are a great place for you to start learning more about business.

Here are 7 business concepts that, once you fully understand them, can completely transform your job search…

My Career Took Off When I Finally Ditched My Limited Academic Mindset

My Career Took Off When I Finally Ditched My Limited Academic Mindset.

As a PhD, you have probably spent a huge portion of your adult life in academia.

And, this experience has influenced the way you think — negatively.

You have to actively shed your academic mindset because it will hold you back as you try to succeed in industry.

Getting rid of your academic mindset and starting to think like an industry professional is an essential part of your transition into industry.

Here are 7 ways you can shed your academic mindset and adopt a business mindset to set yourself up for success in industry…

Employers Stopped Seeing Me As “Just An Academic” When I Started Attending Earnings Calls

You’re ready to leave academia behind.

You’ve realized that in industry, you can truly be valued as a PhD.

But, how do you make yourself a desirable job candidate?

How do you make yourself stand out as the best job candidate?

By demonstrating your knowledge of industry and proving that you are more than “just an academic.”

Here are 5 reasons why you should attend earnings calls as a way to boost your business acumen and get hired…

5 Things I Wish I Knew About Stock Options Before I Signed My Employment Contract.

As a PhD, you can dissect a 12-page paper filled with academic jargon.

You can summarize this paper for someone who has no technical background.

You’re intelligent.

But, reading through your employment contract probably feels like reading in a foreign language.

It’s a whole new technical language that most PhDs have not been introduced to — it’s confusing.

So, you must take the time to learn the basics of business and financial jargon.

This includes learning about stock options.

Here are 5 (basic) things I wish someone had told me about stock options before I took my first industry position…

Don’t Be A Naive Academic PhD No One Wants To Hire. Learn These 5 Basic MBA Concepts To Get Hired In Industry.

Working in industry is very different from working in academia.

The structure, the culture, the people, the goals, etc. are all different in industry.

If you don’t understand these concepts, you will come across as unprepared and naive.

You will be a candidate that no one wants to hire.

But, you can change that.

You can demonstrate that you are the best job candidate by understanding a few key MBA concepts.

Here are 5 MBA concepts for PhDs looking to boost their job search and land a management position in industry…

PhD Jobs: How To Transition From Academia Into Business

The truth is that even if you work in a company’s R&D Department, at the bench, your goal is going to be to create new products that sell, or to produce data that backs up the products your company sells.

The end.

This might seem obvious, but a lot of academics fail to understand that every business is driven by the bottom line — or, by profit.

No profit, no company.

Knowing and accepting this fact is the first step to successfully transitioning from academia into business.

Here are 15 more tips on how PhDs can successfully transition from academia into business…

3 More Industry Trends To Help PhDs Develop Their Business And Commercial Acumen Skills

Business acumen doesn’t mean the ability to say smart-sounding business words like, “costs of goods sold” or “rolling forecast.”

It refers to a deep understanding of current industry trends.

The more you understand the trends in your industry, the better you can handle business situations.

Industries are highly innovative and evolve at a rapid pace.

To be successful, you need to be aware of these trends and the implications each trend has on a specific project.

You must get in a habit of researching new trends and staying up-to-date on the latest news across the biotech and biopharma sectors.

The time to start developing and leveraging your expertise in industry is now.

Here are 3 top industry trends to help you develop your business and commercial acumen skills for transitioning into the non-academic career of your choice…

As a PhD, you already have the high-level thinking and technical skills companies want — you just need to increase your knowledge of the business world and learn the concepts that drive businesses.

No matter what role you are targeting in industry, every position in an organization will require business knowledge.

The better you understand key business concepts, the more desirable you become to companies.

You cannot think like an academic and rest on the accomplishments of your PhD if you want to succeed in industry. It just won’t work.

Instead, you must adopt a business mindset and take the time to learn key business concepts.

If you’re ready to start your transition into industry, you can apply to book a free Transition Call with our founder Isaiah Hankel, PhD or one of our Transition Specialists. Apply to book a Transition Call here.

Book a Transition Call
Get Free Job Search Content Weekly

ABOUT JEANETTE MCCONNELL, PHD

Jeanette is a chemistry PhD turned science communication enthusiast. During her PhD she realized that her favorite part about research wasn’t actually doing research, but rather talking and writing about it. So, she has channeled her passion for discovery into teaching and writing about science. When she isn’t talking someone’s ear off about her latest scientific obsession, you’ll find her on the soccer field or reading a good sci-fi novel.

Jeanette McConnell, PhD

Similar Articles

How PhDs Can Avoid The Overqualified Label To Get Hired

How PhDs Can Avoid The Overqualified Label To Get Hired

By: Isaiah Hankel, PhD

“We regret to inform you that we will not be moving forward with your application due to concerns that your qualifications exceed those required for the role.  We feel it would not be a good fit. Thank you for applying.”  Oof, that’s part of a rejection email a PhD sent me. An employer had sent it to them after the first interview.  Another PhD told me this recently… “I feel like I’m both overqualified and underqualified for the jobs I apply to Isaiah.”  Which do you feel is more of a problem for you? I asked.  “At first I thought…

How To Answer “Why Are You Leaving Academia?” (& 4 Scientific Ways To Convince Employers To Hire You) 

How To Answer “Why Are You Leaving Academia?” (& 4 Scientific Ways To Convince Employers To Hire You) 

By: Isaiah Hankel, PhD

“‘Why do you want to work here more than anywhere else? And why are you leaving academia?’ Those are the questions I got stuck on, Isaiah.  I told them why I liked their company, mainly because it was aligned with my values, but I also wanted to be fair and ethical so I told them that I was considering other companies. Then I explained that academia was no longer a good fit because I wanted to do more than write grants all day.”  “Okay, I replied, anything else? What did you say after that?” “I asked them a few clarifying…

Should You Apply To More Than One Job At A Company? (& 3 Other Tough Job Search Questions Answered)

Should You Apply To More Than One Job At A Company? (& 3 Other Tough Job Search Questions Answered)

By: Isaiah Hankel, PhD

“Isaiah, I applied to ThermoFisher two weeks ago and a hiring manager got in touch with me and I had my first interview…. But then a second hiring manager reached out to me about another job I applied to there.  I started talking to this second manager and they asked if I applied to any other positions there.  I couldn’t lie so I told them about the other job and the other hiring manager.  Now, neither of the hiring managers will get back to me.  What should I do?”  This is what a PhD told me over the phone last…

How LinkedIn Ranks Job Seekers With PhDs, EdDs & Other Degrees

How LinkedIn Ranks Job Seekers With PhDs, EdDs & Other Degrees

By: Isaiah Hankel, PhD

“Be real Isaiah, there’s not a government bureau keeping track of how our resumes perform.”  This is what a frustrated job seeker said to me recently.  “What do you mean I have a reputation score?” they asked.  “Of course there’s not a bureau dedicated to this, at least not yet” I said.  “But you absolutely are being scored and ranked” I went on, “and your ranking is used to indicate how reputable you are as a job seeker.”  This is what I’ve explained to countless people looking for a job in today’s job market, most of whom were getting initial…

How The Academic PhD Job Market Was Destroyed

How The Academic PhD Job Market Was Destroyed

By: Isaiah Hankel, PhD

“I spent over a year looking for a job in academia and flew to multiple interviews. I didn’t get one offer.” A PhD told me this recently and many other PhDs have told me similar stories.  Of course, the stories involve more than just looking for a job for a year.  They involve living on a meager academic budget, trying to support themselves and their families, often in very expensive cities where many of the biggest universities are located.  They involve decisions to never go on a vacation, to feed their kids cheaper, less healthy food, and to work all…

Give Yourself The Gift Of Leaving Academia Forever

Give Yourself The Gift Of Leaving Academia Forever

By: Isaiah Hankel, PhD

My last year in academia, I didn’t have enough money to fly home for Christmas. So I spent it in Iowa City, mostly alone.  I was broke (of course) so I decided to shovel snow out of driveways for $10 per driveway. I remember thinking how ridiculous it was to be a PhD shoveling snow for money. “What I wouldn’t give to have a better job”, I thought.  That was the gift I wanted for Christmas and the holidays.  A better job.  Not to be a student or a postdoc or an academic PhD getting paid less than I was…

The Ideal Keyword Density For Targeting Your PhD Resume To An Industry Job Posting

The Ideal Keyword Density For Targeting Your PhD Resume To An Industry Job Posting

By: Isaiah Hankel, PhD

Writing a resume for an industry job is one of the biggest sticking points I see with PhDs entering the job market.  What worked even a year ago is not working today due to recent and rapidly accelerating advances in Applicant Tracking Systems.  These systems, called ATS or just AI today, are software tools used by companies to filter resumes.  They scan for specific keywords related to the job role, abilities, credentials, and qualities desired in a candidate.  As a PhD seeking very competitive roles, including relevant keywords in your resume is essential to pass through these systems and get…

AI Is Replacing Recruiters. Here’s How PhD Job Seekers Should Adapt

AI Is Replacing Recruiters. Here’s How PhD Job Seekers Should Adapt

By: Isaiah Hankel, PhD

“I had a recruiter reach out to me, Isaiah, and after I gave them my resume and answered their questions, they never got back to me. What should I do?”  I hear this a lot.  I also hear, “Isaiah, I was on the phone with a recruiter and as soon as they heard that I needed a visa, they hung up” …”or as soon as they heard I had no industry experience, they hung up.”  Man, I personally hate this. What a waste of time. The recruitment industry is broken.  The good news is its being devoured by Artificial Intelligence,…

Why PhDs Are Powerhouses Of Productivity (& How It Can Get Your Hired)

Why PhDs Are Powerhouses Of Productivity (& How It Can Get Your Hired)

By: Isaiah Hankel, PhD

“Nothing makes sense today in the job market”, a PhD expressed to me recently.  “No one is responding to my resumes. I don’t understand why they would ask for a scientist at the company and then not even want to talk to me”, they said. They went on: “I’ve even had some friends refer to me, but still didn’t get an interview. I feel like I made a mistake getting my PhD.”  It’s hard hearing this from PhDs who invested so much in their education and in advancing research for humanity.  Still, I hear it a lot.  My response is…

Top Industry Career eBooks

63 Best Industry Positions For PhDs

63 Best Industry Positions For PhDs

Isaiah Hankel, PhD & Arunodoy Sur, PhD

Learn about the best 63 industry careers for PhDs (regardless of your academic background). In this eBook, you will gain insight into the most popular, highest-paying jobs for PhDs – all of which will allow you to do meaningful work AND get paid well for it.

Industry Resume Guide for PhDs

Industry Resume Guide for PhDs

Isaiah Hankel, PhD

Learn how to craft the perfect industry resume to attract employers. In this eBook for PhDs, you will get access to proven resume templates, learn how to structure your bullet points, and discover which keywords industry employers want to see most on PhD resumes.

AI & ATS Resume Filters

AI & ATS Resume Filters

Isaiah Hankel

In today's competitive job market, understanding the impact of AI is crucial for career success. This involves ensuring your resume stands out in the digital realm, mastering your online presence, and being aware of how AI assigns reputation scores. Discovering how to leverage AI to your advantage is essential, as it plays a pivotal role in shaping professional opportunities.

Complete LinkedIn Guide For PhDs

Complete LinkedIn Guide For PhDs

Isaiah Hankel

The LinkedIn tips & strategies within have helped PhDs from every background get hired into top industry careers.