Three King’s alumni tell their stories about their different experiences in consulting.
Dr Fahd Choudhury, Deloitte
Fahd defines management consultants as ‘people who help a business implement a change’. He moved from a PhD studying Alzheimer’s disease as he found that it wasn’t really bringing enough meaning: there wasn’t really a point where there was a yes/no answer. After spending some time at Merck & Co, he moved to Deloitte where he spent six months in the life science consulting division before moving into banking. Here he was worked in some of the most profile banking mergers of recent years and is able to say ‘I helped build TSB’! He built the credit risk function, which took 2.5 years to do and cost over £1bn. He also gets involved in look at the conduct of sales staff and how TSB brings on new customers. He advises the company on how to defend itself or collaborate with technology affecting credit card providers.
Through the opportunities Deloitte gives to employees to do some pro-bono work, he has been able to get to know the CEO and Head of Research at the Alzheimer’s Society, thus giving and outlet to his science interest.
Dr Shirley Wong, Sociable Pharma
Shirley’s PhD is from the Dental Institute. She took 18 months to move into the role that she wanted and she did some work for the Oxbridge Round Table to help her get some relevant experience. She started off working for a small competitive intelligence company and then moved to be an analyst working for Sociable Pharma. Here her work is not to change business structure, but to help them to be more competitive.
Work might include looking at the ‘landscape’ of particular therapy areas: what drugs are there, what are the regulatory checkpoints that competitors have reached, comparing the situation in the UK, EU and US. She has been to two conferences since starting in June where she gets to talk to clients and key opinion formers.
She feels she’s learning all the time, particularly the jargon of the business and how better to do stakeholder engagement.
Dr Catie Rousset, Prescient Healthcare
Catie’s post-doc was in the medical imaging department at St Thomas’s. She moved into Prescient about 18 months ago (you can read more about Catie’s journey here). Prescient works in partnership with 16 of the world’s top 20 pharmaceutical firms in three areas: new product planning, brand planning and mature brand planning. They do this through stake holder research, workshop moderation and arranging conferences.
She feels it took about six months to understand what the job is and how to get the right information from people. It’s different from academia in that there is a different kind of pressure: each client brings its own pressure. You develop a broader knowledge rather than having a deep expertise. You HAVE to work with people, rather than on your own! You learn new skills, particularly in presentation and learning about new areas. So far, it has not got boring, there are no labs to work in, and there is some travel!
Smaller companies may appreciate a speculative approach to them. Language skills help (her company works 24/7 across Asia, Europe and the US), and there are roughtly 50/50 women/men. She works more or fewer hours depending on the time of year. Ad-hoc projects from clients increase as the financial year proceeds and at conference season days can be very long. Otherwise, you can decide how much of yourself you want to invest in the role.