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

Startups vs Established Firms: Where Are the Jobs?

by Phil Stott  |  September 07, 2016

With all the media attention that's lavished on the startup community, you'd be forgiven for thinking that up-and-coming businesses are the only ones driving the economy.  In one sense, you'd be right: as a recently-released data set from the US Census Bureau shows, the majority of companies (around 97%) in the US aren't old enough to have celebrated their sweet 16. But in the sense of things that matter to everyday people in the real economy, those established business--the remaining 3%... Read More >

The Difference Between Boutiques and Big Consulting Firms

by Phil Stott  |  August 29, 2016

For the past three years, we've been ranking the top boutique consulting firms to work for, as part of an effort to differentiate between life at the better-known names in the field, and those that are either up-and-coming, or which prefer to fly below the radar. For this post, I thought I'd take a look at some of the differences between life at a big firm and a boutique, as told in the data provided in our 2016 consulting survey. So if you're wondering what sp Read More >

The Best Consulting Firms to Work For 2017

by Phil Stott  |  August 23, 2016

I'm delighted to announce that the 2016-17 Vault Consulting Rankings have landed-and it's all change at the top of the Vault Consulting 50, which is our signature ranking of the best consulting firms to work for in North America. Without further ado, here's the top 10: 1. Bain & Company2.  Read More >

Should You Delete Your Social Media Presence?

by Phil Stott  |  August 17, 2016

"The biggest mistake people make in social media is that they let their posts live forever." So says Mark Cuban, celebrity billionaire, investor and sports team owner, in the very first line of a video that presents something of a dystopian outlook on social media and, indeed, digital communication as a whole. The crux of Cuban's argument: that every move we make on social media is tracked, and that, when collated, can be used against you. As he puts it, we've arrived at a point where... Read More >

The Jobs Most Likely to Suffer from Automation

by Phil Stott  |  August 15, 2016

In recent years, we've written a fair amount about the risk of losing your job to automation on this blog. (Like this post and this one, both within the last couple of months). And when we do, it's usually with one main goal in mind: to ensure that there is no-one out there who is serious about their career that doesn't see the continuing wave of automation coming. Don' Read More >

"We Didn't Have a Plan": An Entrepreneur's Success Story

by Phil Stott  |  August 08, 2016

If you're a regular Vault reader, you may know that we're always on the lookout for examples of careers and businesses that are a bit different. Not because we think they're better, but because we recognize that not everyone can tread the same career path or check the same boxes-and, because of that, there's no one method of getting ahead or finding success in life or business. Case in point: this tale of how Noosa Yoghurt emerged from a taste of a new product on a trip to Australia into... Read More >

How to Cope With Losing a Job: The Letterman Edition

by Phil Stott  |  July 20, 2016

You don't need me to tell you that David Letterman was a US TV institution-his Late Show ran for more than 20 years, and was (usually) the second-most-watched late night show in the country. Since stepping away from the show in 2015, he seems to have been taking it easy, but what about the people who worked for him? As the following video from LinkedIn demonstrates, it takes a small army to create an institution like the Late Show, and when Letterman decided Read More >

Your Money or Your Lifestyle: What Do Millennial Consultants Care About?

by Phil Stott  |  July 18, 2016

According to a recent survey by Fidelity Investments, almost 60% of millennials value work-life balance more highly than compensation in their careers. In a video piece discussing the survey's results, MarketWatch Reporter Catey Hill notes that, when it comes to assessing our levels of happiness at work, compensation typically isn't anywhere near the top of the list-it typically comes in around third or fourth.   Read More >

Will Automation Kill Your Job, or Make You Better at It?

by Phil Stott  |  July 11, 2016

With so much news related to matters of genuine weight and import recently, you can be forgiven if you missed one of the latest (and fastest) examples of an emerging technology being adapted for unintended purposes: within days of Pokemon Go hitting the App Store, it was already being used by thieves to attract potential victims to quiet locations where they could be relieved of their possessions at gunpoint. A trivial change leading to real (and, in this case, frightening) con Read More >

5 Steps for Becoming a Great Negotiator

by Phil Stott  |  July 06, 2016

Negotiating is a skill that often seems like it's innate: you're either the type of person who's good at it, or you're not. And if you are good at it, it's likely because you're naturally assertive and outgoing-and more than likely to be male…right? Maybe that's not the picture of the typical strong negotiator that you have in your head, but it is mine-from car salesmen to a certain presidential candidate whose name is synonymous with deal-making, the archetypal deal-maker in my... Read More >

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