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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

Are Unions Making a Comeback?

by Phil Stott  |  December 12, 2014

The past couple of days have brought a rash of headlines about union victories at the National Labor Relations Board-most of which are based on decisions that the NLRB has made that theoretically make it easier for workers to form unions. And most of those articles have been accompanied by quotes from individuals and lobbyists on either side of the debate, touting the rulings either as spelling certain doom for businesses or a jolt in the arm for workers' rights. (Nuanced discussion of the... Read More >

Pay Inequality is Real, and Other Lessons from the Sony Data Hack

by Phil Stott  |  December 04, 2014

If you've been paying attention to the news in the past few days, you'll likely have heard something about a data security breach at Sony Pictures-not least because the hack has resulted in several of Sony's current and upcoming movie titles being leaked onto the internet, potentially costing the company millions of dollars in lost revenue. As bad as that may seem, the full extent of the data involved in the hack is still not apparent, and the worst effects of it may not even be revenue... Read More >

Q&A With a Top Intern from a Top Internship Program

by Phil Stott  |  November 25, 2014

In recent weeks, I have focused on the internship program at Northwestern Mutual-a firm that has featured in our list of our Top 10 internship programs every year since its inception. We have seen what goes into making the program, and also found out what it's like to participate in the program. To complete this exclusive look inside the firm, this week and next, I will be sharing interviews I conducted with a current Northwestern Mutual intern, and a full-time advisor at the firm who made... Read More >

Can Business Leaders Step Up and End the Skills Crisis?

by Phil Stott  |  November 14, 2014

With around 9 million unemployed people in the country, you'd think that U.S. firms would have no problem filling the 3 million or so open positions that are currently available. But you'd be wrong: despite the 3 to 1 ratio of jobseekers to unfilled jobs, many firms can't find people with the requisite skills to fill the positions they have. As a new report points out, that's not just a problem for those firms-the mismatch is causing the entire economy to cover. A report titled Bridge the... Read More >

What's It Like to Be an Intern on a Top Internship Program?

by Phil Stott  |  November 06, 2014

As a consistent member in our list of top internship programs, it's fair to say that Northwestern Mutual must be doing something right. Here, we take a look at some of the answers from Northwestern's respondents on this year's internship experience survey. What they have to say underlines just how highly-regarded the program is.   Highlights Before we get down to the details, here are some of the best bits of the Northwestern Mutual internship experience, as told to us by the most recent... Read More >

What Makes a Great Internship Program?

by Phil Stott  |  October 21, 2014

With the launch of our 2015 internship rankings around the corner, I have been thinking about some of the factors that go into making a top program-both from the intern's perspective, and from the firm's side. After all: there has to be a reason that firms choose to commit time and resources to creating these programs, right? Earlier this year, I was invited to attend Northwestern Mutual's annual conference in its home city of Milwaukee, WI, to get a feel for the firm and its approach to... Read More >

Should We All be Working Shorter Hours?

by Phil Stott  |  October 15, 2014

What would it take for you to accept reduced work hours? Think of all the extra things you could do: more time for leisure. For family. For vacations. For leading healthier, less stressed, more balanced lives. Assuming that the pay was the same, and that someone else would be picking up the slack, I suspect that a lot of us wouldn't have any objections to spending less time at work. But there's the rub: there's no way you can do all of that-the offer of fewer hours in the office is a... Read More >

Consultants are Super-Optimistic About the Future

by Phil Stott  |  October 07, 2014

It's a great year for the consulting industry-at least if the outlook of its employees is anything to go by. With the launch of the Vault Consulting rankings out of the way, I've been spending some time going through some of the data we collected from the 12,000 or so responses to our survey this year, and will be posting some of the more interesting insights here in the coming days and weeks. First up: this summary of the outlook across various practice areas within the industry,... Read More >

Pre-Hire Vacations: The Perk of the Future?

by Phil Stott  |  October 01, 2014

Are "pre-cations" set to become the next new trend among employers trying to distinguish themselves from the pack? A recent Slate article highlights a couple of Silicon Valley firms-42 Floors and Atlassian-that have been doing wha Silicon Valley firms do best: disrupting the established order--in this case, how they onboard their employees. According to Slate, 42 Floors offers vacation to new hires ahead of their start date, while Atlassian gives new employees a travel voucher and... Read More >

McKinsey Named Top Consulting Firm to Work For in Europe

by Phil Stott  |  September 24, 2014

The results of our final consulting rankings for the year are in, and once again it is McKinsey that has dominated the prestige and Best to Work For categories in Europe-with Bain also emerging (surprise!) as one of the best firms to work for in the region (as both firms are wherever they operate). But look further than the headlines, and there are some intriguing plotlines to be found, demonstrating yet again that, while rankings are a useful tool for understanding the broad picture of the... Read More >

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