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PhDAs don’t work in life sciences typically. Otherwise the role is the largely same and timeline to consultant is the same. Main difference is that LSSs are often used for their scientific knowledge. That’s much less often the case for PhDAs. Is your chem research / coursework bio-related? If yes, LSS, if no, PhDA
Apply as soon as you can / are ready - LEK (and most other firms) will allow you to pick whatever start date you want after you defend
PhD analysts are hired as generalists to use their quant skills instead of content knowledge. In practice that means they are staffed to cases in industrials, consumer, or TMT sectors - life sciences has plenty of PhD level people as life science specialists, though PhD As aren’t barred from life sciences. A few of my PhD A friends have found it rough in those other sectors, so much so that 1 dedicated to life sciences anyway