Is there a ceiling in BD&L work both in consulting and in industry for those who didn’t do a PhD or MD? I feel like most of the individuals I see in these roles at senior levels have one or both degrees. Am I “wasting” time taking projects in these spaces if I only plan on getting an MBA?

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Interesting question. Might be worth posting this in the consulting bowl too

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What’s BD&L?

Theres a lot of room for non-PhDs and non-MDs in BD&L. Majority of the actual deal work is common sense and relationships oriented. Stay the course, there’s a lot of room for growth

When I was in industry it looked like about 75% of people in the corporate strategy and development area had a PhD or MD. The other 25% had experience in consulting or investment banking. I would say there is a soft ceiling in that it is harder to break into without a doctorate, but it is definitely still possible.

Ahh gotcha, good to know!

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