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Phil Stott

Phil Stott is a Vault Editor. Since joining Vault in 2007, he has covered a variety of industries including consulting, consumer products and technology. He is also well-versed in general career issues, having worked in a variety of fields including freelance journalism, consumer banking, English language teaching, soccer coaching and more. Originally from Scotland, he holds an undergraduate degree in English Literature and Modern History and a Masters in Research in Civil Engineering. 


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All Posts by Phil Stott

Employee Reviews: What Are They Good For?

by Phil Stott  |  April 27, 2015

When was the last time that you had an employee review? Now ask yourself the same question, but tack on the words "that served any purpose beyond paper-pushing" to the end. Do you still get the same answer? If not, you're not alone: according to a recent Wall Street Journal piece, many companies are finally coming to a realization that their employees had a long time ago: most employee review systems are terrible. The reasons for that are manifold, with the Journal piece citing one major... Read More >

Are Longer Hours Pointless?

by Phil Stott  |  April 20, 2015

Several of the industries that we cover here at Vault are plagued by cultures where 70+ hours per week are common. Folks in law, finance, and consulting regularly report difficulties with trying to balance their working hours and, well, anything else in their life that doesn't involve work. (I'm leaving out accountants for now-while they undoubtedly work long hours during peak periods, I'm assuming they're all still catching some post-tax day shuteye.) What if all that effort-all those... Read More >

Has the Income Gap's Moment Finally Arrived in the U.S.?

by Phil Stott  |  April 15, 2015

"There's something wrong when CEOs make 300 times more than the American worker."-Hillary Clinton, yesterday, in Iowa. I include that quote not as any sort of endorsement of Hillary's nascent campaign, but rather as an indication that wages-and specifically the gap between the highest earners and the lowest-finally seems to have punctured the political consciousness of at least one of the most likely candidates for the presidency. When someone of Clinton's political savvy and standing is... Read More >

Save the Planet by Working from Home?

by Phil Stott  |  April 15, 2015

Working remotely isn't just good for your company-a fact touched on by my colleague in these pages a couple of days ago-it's also good for the planet. According to an Earth Day-timed press release from FlexJobs, telecommuting policies at just three companies-Xerox, Dell and Aetna-"cumulatively saved 95.294 metric tons of greenhouse gas emissions last year-equivalent to taking 20,000 passenger vehicles off the road." The breakdown on those numbers is staggering: according to the release,... Read More >

The Best MBA Program for Consultants

by Phil Stott  |  April 08, 2015

Want to work for a top consulting firm? And by, "top", I mean, one of the top 5 firms on Vault's annual consulting list-the crème de la crème of the industry, the firms where you spend a few years before going on to work for, potentially wind up running, some of the biggest names in business? What's that? You do? Well, then, the NY Times has the secret formula you're looking for: "Go to Kellogg School of Management." OK, so there are a couple of catches. First, you'll need to get the... Read More >

The Best Countries for Women Managers

by Phil Stott  |  March 30, 2015

One of the biggest barriers to workplace equality for women is so commonplace that there's a convenient lexical shorthand for it. Utter the phrase "the glass ceiling" and almost anyone will know that you're referring to the paucity of female talent in executive positions at companies. While there are a number of reasons for the continued existence of the ceiling-decisions/pressure related to child rearing, plus the continued prevalence of old boys' networks and good old-fashioned sexism... Read More >

Taking the Grad School Plunge Online

by Phil Stott  |  March 25, 2015

As decisions go, the one to go to grad school or not is up there with some of the most expensive life choices you're going to make. A degree from a reputable school in a field that is likely to enhance your career prospect will set you back anywhere from $40,000 to almost $170,000 (if you do your MBA at Columbia). Compare that range to the ticket price of other life-changing events that you might undergo before turning 40:   Cost of an average wedding: $30,000. Cost of an average... Read More >

Why Are Women in the US Less Likely to Work?

by Phil Stott  |  February 26, 2015

The issues of equal rights and pay for women in the workplace have been making headlines in recent weeks, along with the related issue of parental leave and benefits. In the next few days, I'm going to be focusing on those issues in a series of posts examining Vault's Consulting Survey data from a gendered perspective, as well as taking a look at the life of a female employee who has struggled with the demands of the industry that has been at the center of much of the diversity debate of... Read More >

Consultants LOVE Hooking Up With Colleagues

by Phil Stott  |  February 13, 2015

Maybe it's the office hopping lifestyle? When it comes to office romance, consultants are one of the most permissive groups of employees around. Just 1% of consultants who took our office romance survey indicated that they thought romances between coworkers were never acceptable, while 31% claim that any kind of office fling is acceptable-even those between bosses and subordinates. That's substantially more relaxed than the average respondent in our survey-overall, 5% believed all office... Read More >

How a Top Firm Transitions Interns to Full-Time Roles

by Phil Stott  |  February 04, 2015

Over the past few months, we've featured a number of pieces focusing on the internship program at Northwestern Mutual-a program that consistently emerges as one of the top internships in the country in our annual ranking. To date, we've looked at everything from how the firm creates the internship experience to how they reward interns, and what it's like to actually be an intern there. For many, however, the true mark of a great internship isn't just the things you learn or the connections... Read More >

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