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

Is the Student Loan System on the Brink of Destruction?

by Phil Stott  |  October 14, 2015

In news that will bring hope to the heart of many a debt-saddled millennial, a federal court in Boston is currently considering an appeal by someone who is hoping to be able to break the decades-old restriction on discharging student loan debt in bankruptcy. If the court finds in the favor of 65-year old Robert Murphy, allowing him to discharge more than a quarter of a million dollars of student debt, there are potentially massive ramifications for the student loan industry as a whole. The... Read More >

The Best Consulting Firms in Europe, 2016

by Phil Stott  |  October 06, 2015

I'm delighted to announce that the Vault's 2016 European Consulting Rankings are now live! Marking our final set of consulting rankings for the year-we released North America and Asia-Pacific in August and September respectively -it's wonderful to be able to report that all three rankings were based on significantly higher survey responses than in previous years, from a higher number of participating firms than ever before. Of all the regions we cover, Europe has had by far the most... Read More >

Newsflash: Your Cover Letter Doesn't Matter

by Phil Stott  |  September 28, 2015

Is crafting the perfect cover letter worth the time and effort you put into it? Not according to research conducted by the Addison Group, which surveyed hiring managers about the factors that are most important to them when assessing candidates. According to that research, just 18%  rank cover letters-or their equally antiquated cousin the thank you note-as important parts in assessing potential candidates. That's great news for those of us with an instinctive Read More >

The Best Consulting Firms in Asia-Pacific

by Phil Stott  |  September 14, 2015

It's that time of year again: Vault's 2016 Consulting rankings for Asia-Pacific are here! As with our North America rankings, I'm delighted to point out that both the number of firms and the overall number of consultants participating in our survey in the Asia-Pacific region increased significantly from year to year. And, as with all our surveys, every response we received came from a verified employee of the firm being surveyed. After that, we simply get out of the way: beyond the... Read More >

Harvard's President Explains Why You Should Go To College

by Phil Stott  |  September 03, 2015

Harvard President Drew Gilpin Faust was the subject of a recent Freakonomics podcast interview by host Stephen Dubner. While the whole thing is well worth listening to-Faust is enlightening on everything from the Civil War to her perspective on being Harvard's first female president to the college's endowment fund-there was one major takeaway for anyone with even a passing interest in the question of whether higher education is worth the investment. In response to a wide-ranging question... Read More >

The Best Consulting Firms to Work For 2016

by Phil Stott  |  August 25, 2015

I'm delighted to announce the release of the 2016 Vault Best Consulting Firms to Work For rankings for North America-the most comprehensive ranking of employers in the consulting industry that you can find anywhere. As hefty a claim as that might be, it's one that we can back with facts: this year, we distributed our survey to more firms than ever before (over 160 worldwide), and received a record number of responses (over 14,000 worldwide, with more than 9,000 from North America),... Read More >

So Would You Work for Amazon?

by Phil Stott  |  August 17, 2015

By now, you've probably seen or heard about the New York Times' recent expose of what it's like to work at Amazon. I mean, who doesn't love a good behind-the-scenes take on one of the most successful companies in the world? Especially when it gives us a phrase as memorable as "purposeful Darwinism" to describe the culture. While I'm not a particularly loyal Amazon customer, I have to admit to a strange desire to want to give the company the benefit of the doubt. Maybe it's the years of... Read More >

Why Sleeping is Good for Your Career

by Phil Stott  |  August 03, 2015

With the launch of the consulting rankings I oversee being less than a month away, the concept of sleep deprivation-and particularly the correlation between sleep and productivity-is something that's always close to my heart at this time of year. Not only do I lose sleep worrying about all the moving pieces involved in putting together the rankings and associated company profiles, I also get to tease apart the survey data to look at questions like whether there's any correlation between... Read More >

MBA Primer: Explaining the Greek Crisis

by Phil Stott  |  July 06, 2015

Baffled by the Greek crisis? Worried about the possibility of a question coming up on your next job or college interview about the roots of the problem? Check out this illuminating video from the ever-on-top-of-the-situation folks over at Vox. In tracing the issue back to the founding of the Euro, it serves as a great primer on which to start building your seemingly off-the-cuff response the next time "Would you recommend Grexit?" comes up in a situation where "I have no idea" is not a... Read More >

What Happens When an Entire Nation Can't Find Work?

by Phil Stott  |  July 01, 2015

It's hard to escape the situation in Greece in the news media this week, what with the country becoming the first EU nation to default on its debts, and the rolling coverage of the upcoming referendum on whether or not it should accept continued austerity measures. Easy to miss in amongst all of the coverage of the politics and the economics involved: the human stories at the center of it. As noted over at, Greece's problems are "a human crisis. Unemployment in Greece is over 25... Read More >