hi guys i am thinking about a PhD in strategy (mgmt); heard its easy to get a job in strategy groups (such as nonmarket strategies); is it true? thanks!
Heard it is easy to get a job in strategy groups (nonmarket) at bschools?
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Getting a tenure track job out of a b-school phd (e.g., finance, marketing, mgmt) has historically been relatively easier than say econ and probably still is relatively easier (conditional on getting accepted to a good phd program), but it has gotten much much harder in the last 5 years.
Specifically, the job market has tightened significantly. There are fewer jobs and more candidates. Many more students have been forced to seek employment outside of academia. This opportunity cost is quite high especially given that b-school phds are traditionally non-conventional students. For instance, a lot of b-school phds have MBAs and have had careers in consulting where they earned 6 figures before deciding to return to school.
Second, the conditional on getting accepted to a good phd program is a big one as business phd programs accept far fewer students than econ phd programs.
In sum, no, I can conclusively say it is not easy and it will likely be even harder in another 5-6 years, which is presumably the earliest you could obtain a PhD. As a current AP in mgmt, I would not recommend anyone obtain their PhD in this field. Get a master's in computer science or econ and go get a cush job.