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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

How Government Spending Is Affecting the Consulting Industry

by Phil Stott  |  May 31, 2016

Those who are interested in topics like government spending, defense, or uh, public sector consulting may recall that, back in 2013, an arcane piece of legislation known as the budget sequester kicked in. Essentially designed to provide a threat grave enough to spur a deadlocked Congress into action on reducing spending, the legislation promised a series of automatic, arbitrary cuts instead, with the aim of achieving a cumulative savings of around $1.1 trillion by 2021. As you probably... Read More >

Is the Class of 2016 Prepared for Reality?

by Phil Stott  |  May 25, 2016

For the past few years, the folks at Accenture have been conducting a survey that polls 2 groups of people: college seniors, on their expectations when entering the workforce; and members of the last 2 graduating classes, on what they've actually experienced out in the real world. The results are usually illuminating, and this year's report is no different. As you can see from the infographic below, the realities of the working world tend not to measure up to the hopes that those entering... Read More >

2016 Was Our Best Consulting Survey Ever!

by Phil Stott  |  May 24, 2016

Those of you who work in consulting can finally rest easy: you won't be receiving any more emails asking you to participate in our consulting survey this year--we closed it out for the year yesterday, and will shortly begin the hard work of reading and collating all 17,000+ responses in time for the rollout of our 2017 rankings this fall. That's no easy task: as you can see from the infographic below, we smashed our previous all-time response rate by more than 20%--proof, if any were... Read More >

Are We Heading for a 6-Hour Workday?

by Phil Stott  |  May 23, 2016

In the business world, productivity gains tend to mean one thing: employers getting more bang for their buck as employees use technology to grind out more work in the same amount of time. And, if you've been paying attention to any part of the presidential primaries recently, you'll already know that those gains doesn't necessarily come with higher wages or better benefits for employees. Or to put that sentence in visual form: Read More >

Salary Negotiation: How to Ask for a Better Offer

by Phil Stott  |  May 16, 2016

The most difficult part of any salary negotiation is that feeling that you're always leaving something on the table. Unless you're interviewing with an organization that makes its salary data public, the chances are that you'll never truly know if your offer is on par with what your new colleagues or your predecessor are making. But negotiating for a better offer can be tough: money is an emotive issue for many people, and something that is often wrapped up with a person's concept of their... Read More >

Are Millennial Employees Really That Different?

by Phil Stott  |  May 13, 2016

If you're anything like me, you're probably sick of reading anything with the word Millennial in the title-especially if it seeks to explain the likely habits of an entire generation of people. By now, we should probably all have got the picture: there are a lot of them hitting the workforce, and <gasp> they're not like the rest of us. So we should be scared, right? All these kids with their new-fangled ideas on how they're going to live their lives, not give in to the man, do... Read More >

Can These Pills Make You a Better Employee?

by Phil Stott  |  May 11, 2016

How far would you go to give yourself an extra mental edge in the workplace? While caffeine has long been the stimulant of choice for many workers seeking to power through slow moments, afternoon crashes and late night productivity crunches, an increasing number of people appear to be turning to non-prescription supplements known as nootropics to find that edge instead. In the following video from Bloomberg, Geoffrey Woo and Michael Brandt, co-founders of a startup called Nootrobox,... Read More >

Career Lessons from Laremy Tunsil

by Phil Stott  |  May 02, 2016

Imagine a scenario where you're so qualified for a job that the nation's leading employers in your field get together to compete for your services. Not only that, but their job offers come with salaries in the millions. Ladies and gentlemen, I give you the NFL draft. As you'll probably be aware if you pay attention to that sort of thing, arguably the year's biggest draft-related story revolved around Laremy Tunsil, who was widely expected to be drafted 6th overall and rewarded with a... Read More >

Should You Get Your MBA in Europe?

by Phil Stott  |  April 19, 2016

There's an interesting post over on Quartz today about a growing trend of US students heading across the pond to get their MBAs in Europe. The reason? Well, there are 3 of them covered in the article: 1) Favorable exchange rates mean that your dollar buys more Euro or Pound-denominated education than it did a couple of years ago. 2) Many European programs are 1-year rather than 2, which reduces both lifestyle (residence, food, etc.) and opportunity costs. 3) I Read More >

25 Financial Consulting Interview Questions

by Phil Stott  |  April 13, 2016

Got an interview with a consulting firm that specializes in financial consulting? Or thinking about applying for a position with one? Either way, you'll probably want some idea of what you're likely to be asked in the interview. Good news: we've got you covered, with sample questions from people who have either recently been through the process with the top firms in the financial consulting field, or who conduct interviews for their firms. All of them are drawn from our 2015 consulting... Read More >