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how to get into management consulting

Getting into management consulting for doctors

For most physicians, transitioning to management consulting is a big endeavor. A consulting position with a well-regarded firm (for example, McKinsey, BCG, or Bain) is not something you can just submit a quick application for and expect a job offer a few weeks later. If you’re serious about a career in consulting and want to make the most of your efforts, be intentional in your pursuit. Here are five steps to take to set yourself up for success.

Businesses doctors can start

Non-clinical B2B service businesses for physicians

A B2B business involves you, as your own small company, making a transaction with another business instead of with an individual consumer. One of the best parts of starting a service-based business is that the barriers to entry are very low. Physicians have a great breadth and depth of knowledge that is an excellent foundation for services tangentially related to healthcare, but without the red tape and regulation of opening a medical practice.

Navigating the Nonclinical Physician Jobs Space

The intersection of nonclinical jobs in healthcare

We’ve spent the past 20 weeks blogging about nonclinical job opportunities for physicians. Getting started down this road can be overwhelming. Many doctors feel they aren’t equipped for nonclinical roles. Here are three pieces of advice to help you navigate the nonclinical physician jobs space and set yourself up for success.

Getting started in management consulting as a physician

Getting into management consulting as a physician or medical student

There are plentiful opportunities in management consulting for physicians. It’s notoriously difficult to be hired as a management consultant at one of the “big 3” consulting firms – McKinsey, BCG, and Bain. There are several programs to consider that are run by these firms, which are designed to give potential applicants a taste of what a career in consulting is like, but also to assist with recruitment and identifying applicants who merit an interview.

nonclinical-careers-business-consulting

Careers for physicians in business and management consulting

Business savvy physicians who have a general interest in influencing medicine from a more global scale may be interested in working in business consulting or practice management positions. There are a number of global firms working to improve healthcare that seek to hire physicians to serve as consultants to their clients.