Phil Stott

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

Workplace Jokes: When and How to Make Them

by Phil Stott  |  January 31, 2017

While it may seem like there's little in the way to joke about of late, being able to make your colleagues laugh-especially at the right time-is a skill that can pay serious career dividends, according to research cited by the Wall Street Journal. According to the research, which was conducted by researchers at the Wharton Business School and Harvard Business School, "simply recalling a funny joke by a co-worker elevated the joke-teller's status in participants' minds"-meaning that those... Read More >

Can Robots Create U.S. Jobs?

by Phil Stott  |  January 25, 2017

As I noted recently, automation is set to be a key job threat for millions of people in the coming years-with as many as 50% of current jobs worldwide potentially under threat from robots, computer programs, algorithms, and the like. Of course, that doesn't mean that every job a robot is hired to do automatically leads to the elimination of one or more human positions. From the very first tools used by man, technology has always been a means to increase pro Read More >

Are Liberal Arts Majors Getting a Raw Deal on Tuition?

by Phil Stott  |  January 23, 2017

The cost of a college education is a topic that very few people are agnostic about: almost everyone you talk to thinks that the price is too high already, knows that it is probably only going to continue getting more expensive in future, and has no idea what can be done to curb it. Further, almost everyone knows that some degrees-especially in fields related to business and engineering-are more lucrative than others, because the skills they equip students with are relatively more scarce... Read More >

What Does the Trump Administration Mean for Health Care Consulting?

by Phil Stott  |  January 18, 2017

Over the last eight years, healthcare is a corner of the consulting industry that has experienced rapid growth--not least because of the passage of the Affordable Care Act. With a new administration about to be sworn in that has repeatedly expressed its opposition to many of the provisions of that Act, it's reasonable to assume that healthcare consultants will remain in demand  as their clients seek to navigate the uncertainty to come. However, the ACA is not the only area related to... Read More >

Automation, Health Care & Pensions: Davos Discusses the Future of Work

by Phil Stott  |  January 17, 2017

It's January, which means that it's time for the annual meeting of the World Economic Forum-otherwise known to the global elite as Davos. One thing that you will not be surprised to learn is dominating the minds of those elites this year: things that represent a serious risk to the global economic status quo. And, spoiler alert, the list is kind of terrifying when you consider it in its full context, not least because of how interconnected the elements are: Economic growth and reform... Read More >

Is an Online MBA for You?

by Phil Stott  |  January 11, 2017

The online grad school experience is something that isn't always treated with the same respect as programs that are taught at physical campuses. And with good reason: you don't have to work very hard to find examples of unscrupulous providers who are essentially trading qualifications for cash, with little in the way of learning happening between the two ends of the exchange. But, in recent years, many more reputable schools have begun offering their programs--or portions of... Read More >

How One Consulting Firm is Reinventing Campus Recruitment

by Phil Stott  |  December 20, 2016

The question of how companies find and recruit talent is one that has increasingly been tied into higher education in recent years: visit any college campus in fall, and if you don't find a career fair in progress, you'll probably find listings for an upcoming one. While the rationale for this system is simple to comprehend-major employers can personally vet hundreds of candidates in a short period of time; students can get a sense of the companies they might want to work for-it's not... Read More >

What Vault's Readers Expect From a Trump Economy

by Phil Stott  |  December 05, 2016

The election may be behind us, but there's a long way to go to bridge the divide between voters on the winning and losing sides-especially on key campaign issues related to jobs and the economy. As you may know, we recently ran our first ever post-election survey to try to gauge what our audience thought the next 4 years had in store for them personally, and for the economy in general. More than 1,500 respondents shared their opinions and, as you'll see below, they couldn't be more... Read More >

Want to be a Billionaire? Go to Harvard

by Phil Stott  |  December 02, 2016

Do billionaires (or people likely to become billionaires) go to Harvard, or does going to Harvard make you more likely to become a billionaire? Either way, one thing is for sure: the world's wealthiest college also happens to have the wealthiest alumni-by a long distance. As the chart below shows, Harvard can boast some 35 billionaire alum, almost 3 times the amount of the next-highest producer of the mega-rich in the country-Columbia. Among those alums with at least 10-figure net worths:... Read More >

The Best Company for Working Parents

by Phil Stott  |  November 30, 2016

Between working on rankings and getting our annual consulting guides out recently-not to mention keeping up with recent events in the political sphere-it's been a busy old fall here at Vault towers. So busy, in fact, that I completely missed a story that would normally fall exactly into our sphere of interest: the fact that one of the world's better-known clothing companies boasts a 100% retention rate for new moms. The company: Patagonia. The reason that stat is so remarkable? As the... Read More >

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