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Management consulting is not going anywhere. Ibis World reports an annual industry growth of 3.4% with consulting businesses currently numbering nearly 800K. Given that consulting is thriving, management consultant salaries tend to be on the higher end. Consulting giant McKinsey has raised the base salary of PhD-holding consultants to $165K. And the most exciting part is that this number seems to be growing for PhD hires. A business willing to pay salaries of this quality values its employees to a high degree. PhDs deserve pay that reflects their unusual and highly functional skill sets. And industry is willing to pay that amount to PhDs who understand the business world. Your time in academia has probably been one of the greatest challenges of your lifetime… But all that work has prepared you for a high-end industry role like that of a business consultant. The consulting industry has a powerful need for PhDs to fill high-level roles as management consultants. And it’s no surprise that PhDs are in high demand for a job like this… Management consulting is made for PhDs: candidates who can apply their academic skill set to the analysis of large datasets. Candidates who can provide solutions that other employees can’t. A PhD armed with industry knowledge can identify relevant patterns for a given company, and that’s incredibly valuable to any business.

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The world of engineering has an array of choices available to PhDs. The time to start understanding what is available to you is now. The sooner you begin networking with industry professionals, the better your chances are for landing a job outside of academia. You are doing your career a disservice by limiting yourself to academia. In industry, your engineering PhD can earn you a position in chemical engineering, biomedical engineering, aerospace engineering, computer software engineering, or telecommunications engineering. The choice is yours to make.

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While academic career prospects are diminishing, the opportunities for life science PhDs outside the ivory tower are growing. Your skills are desirable in an array of industry biocareers. Industry needs life science PhDs to fill management consulting, medical science liaison, medical communication, research and development scientist, and application scientist roles. Whatever your passion or career interests, there is an industry position suited to your skillset.

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Industry jobs are ripe with opportunity. Whether you move into an industry job with a small company or a large one, there are pros and cons to each one that you need to be aware of before you interview. Both have unique opportunities and a corporate culture that might suit one PhD but not another. Whether you want more focused work or like to wear many hats, the private sector has a job for everyone. Here are five important differences between small and large industry companies.

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Women PhDs are poised to enter into leadership roles and yet many don’t have the confidence to go for them. The truth is that women with PhDs have an opportunity to impact corporate culture and societal change in unique ways with their strengths and experience. Many let imposter syndrome and a lack of confidence hold them back. But, businesses and society alike need women to find their voice and use it to enact change. Here are three reasons why women with PhDs need to be in leadership roles in industry.

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