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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

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 >

Can a MOOC Help Your Resume? How MIT and edX are Working to Convince Employers That it Can

by Phil Stott  |  September 26, 2013

The concept of remote learning has been threatening to revolutionize the world of education since the days of mail correspondence course, but has always been held back by the same problem: how to verify that the person taking the course is completing the work themselves, and is not cheating.  A new pilot program from edX-a non-profit that has partnered with the likes of MIT, Harvard, Rice, Georgetown and others to deliver free courses-is seeking to change all of that. If it succeeds, it... Read More >

How to Use Twitter Without Getting Fired

by Phil Stott  |  September 11, 2013

I know what you're thinking. Do we really need another article on social media tips for professionals? Is it really possible that, in 2013-the year of the failed resurgence of Anthony Weiner, and the revelation of the extent of the spying capabilities of the NSA-we still need to go over how you can use Twitter without getting fired/destroying your career prospects for the foreseeable future? Really?  Isn't the concept of losing your job because of social media all a bit 2008? The kind of... Read More >

How to Build a Business - 4 Tips from a Consulting Leader

by Phil Stott  |  September 05, 2013

Is it possible for an upstart consulting firm to take on the traditional powerhouses of the industry and win? On the face of it, the answer to that question may seem obvious-it's possible, but incredibly difficult. Not only is the issue of reputation a huge factor for those in the business community when weighing firms, it also comes into play in recruiting; typically, the top consulting firms tend to hire the best and brightest B-school talent. But what if the firm in question is... Read More >

The Top Consulting Firm in Asia-Pacific Is...

by Phil Stott  |  August 28, 2013

We are delighted to announce that the Vault 2014 Asia Pacific Consulting Rankings are here! As a region that is home to around two-thirds of the world's population, and a number of rapidly developing economies, Asia-Pacific is key to the future of the global economy. That presents opportunities for anyone in the consulting industry, from those looking to leverage manpower in the region to provide offshore services to clients elsewhere in the world, to those seeking to identify business... Read More >

Vault's 2014 Consulting Rankings are Here!

by Phil Stott  |  August 20, 2013

Having spent much of the past few years under the same kind of financial stresses as its clients, there are signs that the consulting industry is getting back to being a growth industry. From firms launching new business units to a renewed focus on strategy work (with an accompanying turn away from turnaround and restructuring-related work), the outlook for the industry is turning positive-a fact that emerged in both the qualitative and the quantitative data from our industry survey this... Read More >

Is Business Outlook Improving?

by Phil Stott  |  August 12, 2013

As we get ever closer to the launch of the 2014 Vault Consulting Rankings-coming on August 20th-I've taken the opportunity to dive a little deeper into some of the data from the thousands of consultants who took our Consulting Survey in spring this year. While the qualitative data we glean from the surveys tells the story of what it's like to work for a specific firm-giving our audience an insider's perspective on life at these firms-there are also some great insights to take from the... Read More >

Do the PRISM Leaks Spell Trouble for the Consulting Industry?

by Phil Stott  |  June 11, 2013

If you're in the business of providing services that require your employees to hold security clearances, there are two things that you definitely don't want to happen: for a leak to come from one of your contractors; and for the leaker to come forward and draw attention to themselves and your company. Imagine, then, how Booz Allen Hamilton executives must have felt no more than ten seconds into the Guardian's video interview with Ed Snowden, the man behind the PRISM revelations that have... Read More >

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