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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

Long-Term Unemployment: Is There a Solution?

by Phil Stott  |  December 19, 2013

While the unemployment rate has declined from 7.9 percent at the start of the year to 7 percent in November-and may well drop below 7 percent when December's data is released next month-one group of unemployed workers remains in crisis: the long-term unemployed.  In looking at some of the BLS' data to get a sense of the employment market over the past year (more on that to follow in later posts), I came across the figures for unemployment by length of time out of work, and they make for... Read More >

Why the 'Skills Gap' is Employers' Own Fault

by Phil Stott  |  December 11, 2013

A recent report from the Society of Human Resources Management (SHRM) highlights one of the biggest problems that companies have today: the ability to find employees who are ready to tackle the challenges they're likely to meet on the job. In pointing this out, however, the report also makes an unconscious point: that the problem is almost completely companies' own fault.   Before we get into why that is, let's start with a couple of introductory takeaways from the report-the most recent... Read More >

4 Tips for Finding a Job This Holiday Season

by Phil Stott  |  December 05, 2013

With shopping, vacations and the general desire to reduce stress during the holidays, December is a tempting time to take a break from the job search. After all, nobody's hiring during the holidays-right? Wrong. At year end, lots of companies are finalizing their budgeting for the following calendar year, spending what's left this year for fear of losing it, and making hiring decisions accordingly. And, with some of your competition taking it easy, there may be no better time to snag the... Read More >

Can Graduating in a Recession Be a Good Thing?

by Phil Stott  |  December 04, 2013

Give a bunch of academics long enough, and they'll come up with a study that can suggest just about anything-including an upside to this terrible job market. According to an article in The Week, researchers at Emory University's Goizueta Business School have found that there may be a correlation between job satisfaction over the course of a career and the economic climate that you graduated into. Put simply: if you graduate into a tough market, you're more likely to feel happy in your... Read More >

26 Interview Questions the Top 10 Consulting Firms Ask

by Phil Stott  |  November 21, 2013

The key to any good interview is preparation-and there's no better preparation than knowing the kinds of questions that you're likely to face. With that in mind, I took a look through the thousands of responses from our 2013 consulting survey and selected some of the most representative questions that successful candidates had to navigate. For this post, I limited my research to questions from firms that made the top 10 in the Vault Consulting 50 this year-in a follow-up, I'll focus on... Read More >

One Interview Question You Should Definitely Ask

by Phil Stott  |  November 14, 2013

Standard advice about interviewing at companies decrees that you should always do your research in advance, and come armed with a few pertinent questions on the firm's business model, goals, and the like. It also decrees that you should save questions pertaining to compensation, perks and benefits for at least a second round interview. But there's one subject that really doesn't come up in the standard advice very often, and which probably should, as the answer to it has the ability to... Read More >

Training: Coming Soon to a Workplace Near You!

by Phil Stott  |  November 07, 2013

Question: what recipe can you make with the following ingredients?  A record number of employees approaching retirement age in the next handful of years. A bunch of companies whose workforces were hollowed out by layoffs in the recent past, leaving them with record cash reserves, but struggling for battle-tested, promotable talent to meet future needs. Students graduating from college lacking the skills to hit the ground running in their careers. An unwillingness to spend money to... Read More >

Failing up: Career Lessons from Dilbert Creator Scott Adams

by Phil Stott  |  October 23, 2013

In the annals of "successful people doling out advice," the genre may have found something of a new classic text in Dilbert creator Scott Adams' Wall Street Journal piece on failing your way to the top.  While most pieces that advocate failing as a life skill do so as a means of stressing the value of perseverance, Adams' advice goes one step further, listing some of his greatest failures not as evidence of a path or series of stepping stones, but rather "because successful people... Read More >

McKinsey Uncovered: Has the Firm Earned Its Reputation?

by Phil Stott  |  October 10, 2013

For as long as it has existed, the consulting industry has been plagued by one major question: does it-and by extension the consultants it employs-actually create any value for its clients?  That question is at the core of The Firm, a new book by journalist Duff McDonald, which examines, as its subtitle proclaims, "the story of McKinsey and its secret influence on American business." While the title tends towards the dramatic, the book does make a strong case for the argument that the... Read More >

Vault's 2014 Europe Consulting Rankings Are Here!

by Phil Stott  |  October 01, 2013

We are proud to announce that the 2014 Vault European Consulting Rankings are here-and that this year's edition comes with a unique achievement.  For the first time, one firm has taken the top spot in both our Top Consulting Firm and our Prestige rankings in all three regions covered by our survey. In emerging at the top of both of our signature rankings, McKinsey & Co. has completed a unique "Triple Crown," adding to its achievements earlier this year in being our most prestigious... Read More >

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