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Reflecting on Finance & Consultancy Careers for Researchers

Isobel EPowell30 October 2019

Finance and Consultancy Month… let’s reflect:

As Finance and Consultancy month comes to a close, we are reflecting on what has been an insightful and engaging collection of events. Whilst taking the leap out of academia can seem like a daunting and unfamiliar prospect our alumni and professionals have given us plenty of reassuring and motivational messages throughout the month. The first key area of reflection for this month is therefore on transitioning.

Transitioning out of academia and into a corporate role…How do you deal with any attached stigma?

  1. It’s your career path! Everyone takes a different route to find their thing – don’t be afraid to acknowledge that academia may not be for you. Check out our previous blog post on this
  2. There is a world of research beyond academia. So many roles within finance and consultancy are research-focused – Check out our post by economist Keith Lai for ideas
  3. Your interests can be applied across the sector. Branching out and exploring other options can broaden your horizons, make you more employable and expand the practical reach of your research expertise. Consultancy is a great way to do this, offering your expertise to support businesses to grow.

Moving between academic and non-academic arenas, is it possible?

  1. Yes! Many people still contribute to academic papers alongside their roles, if publishing is your passion there are always ways to continue…
  2. Some organisations hire for roles with this in mind, creating and publishing research can be part of your job! Check out a previous blog on this
  3. Balancing the two may not be your thing. Many finance or consulting roles require strong research, writing and publishing skills – just utilised in a more corporate setting

The best and worst parts of a non-academic career, is it really for me?

  1. Stability, consistency and great benefits. The biggest response to this from both our finance and consultancy panels was the increased stability, lack of stress around funding, working more collaborative and less sporadic work schedules.
  2. It all depends on what you want… teamwork, deadlines, short projects and managing client needs are central to careers in finance and consultancy, so, if this isn’t for you, it may not be the right career path. Don’t Panic! There are plenty of industries where other skills are more suited. Key an eye on our blog for more case studies.
  3. Longer more intense working hours and less autonomy. Despite this, many of our contributors mentioned the increased satisfaction from shorter lead times and a better work-life balance.

So, what does this all mean fo you?

After hearing from professionals working across roles as consultants, economists, data scientists and traders the biggest piece of advice about their industry is to decide if it really is for you. Map out your skills, your interests, what drives you, how you like to work and see if that aligns with a career in the Finance or Consultancy worlds.

For example, in consultancy the key skills required are:
Teamwork, problem-solving, creativity, confidence under pressure and adaptability

Often consultants are working towards:
Fast-paced project delivery
managing a diverse portfolio of clients
and engaging a variety of industries

Roles are more structured and strong commitment is needed:
Core working hours mean more stability but overtime is frequently required to deliver projects
Consultants may work client-side within a given week, so travel is important
Managing projects within cross-organisational teams mean flexibility is key

These are the key aspects to explore before diving into applications. Is this for me? and what kind of working lifestyle do I want? 

Finding an industry where your skills as research are valued and utilised may seem tricky but you can find roles across all sectors and industry. This is where our themed months come in to play, if you’ve decided finance or consultancy organisations are not for you, join us on another themed month and hear more about careers in UK & Global Health, Data Science & Data Analytics, Communications and Research, Government, Policy and Higher Education…. the list continues! Our speakers have come from backgrounds in physics, biology, maths, humanities and more ending up in completely different industry utilising those same core skills they learnt in research.

Come along to our events and find out how your skills are so transferable across the sectors and explore how you could branch out to support an organisation to develop!

Check out our full programme of researcher events on our website today!

 

NEWSFLASH! PhDs can come to media week too!

SophiaDonaldson26 November 2015

Image from Griffith College Marketing team via creative commonsNext week’s media week events are open to all UCL students – including you PhDs. We have lots of great speakers from the worlds of publishing, journalism, broadcasting, and PR and marketing. And if you don’t see yourself as a ‘media type’ you might also like to investigate the growing field of Media Analytics, discussed on Thursday 3rd Dec, where your analytical skills will be valued.

“But I’m a scientist, is Media Week open to me too?” I hear you ask. Yes! We welcome even you scientists, and you may be particularly interested in hearing from the Freelance Scientific and Medical Editor speaking at our “Getting into Publishing” event on Tues 1st Dec, and the science graduate who now works as a BBC radio producer (she worked on ‘The Naked Scientists’!) who will be answering questions at our “Get into Broadcasting” event on Wed 2nd Dec.

See the full line up of events below.

 

UCL Careers Media Week

1st-4th December 2015

Come along to our selection of panel discussions, interactive workshops and presentations to find out more about opportunities across this popular sector. Gain tips on routes into the media industry from experienced media professionals and learn what you can start doing now to increase your chances of success!

All of the events below are now bookable through ‘My UCL Careers’. Event venues are confirmed on booking.

Get into Publishing: Panel Discussion, Q&A and Networking

Tuesday 1st December, 5.30pm-7pm

Want to get some key tips on how to break through into this notoriously competitive sector? Come and meet panellists across editorial roles and academic publishing. Confirmed panellists include:

 

> Marta Kowalewska , Editorial Assistant, Sage Publications

> Dr.Nina Buchan, Freelance Scientific & Medical Editor

> Claire Palmer, Editor, Harper Collins Publishers

> Allie Collins, freelance editor (former Editorial Director at John Blake Publishing)

> UCL Press representative

 

Journalism Workshop with News Associates

Wednesday 2nd December, 1pm-3pm

Students interested in pursuing a career in journalism can enrol on this two-hour practical workshop run by the press agency News Associates. They will get you writing an article in a mock, ‘real-life’ breaking news exercise. Feedback will be given on your work and time is set aside for careers advice. News Associates are the UK’s leading training provider of the NCTJ (National Council for the Training of Journalists) Multimedia Diploma.

Please note that this is an interactive session aimed at those looking to pursue a career in UK-based journalism. Attendees will need to have excellent skills in both verbal and written English to ensure that they can engage effectively with the demands of the workshop.

IMPORTANT NOTE: Due to the group size and nature of this workshop, a returnable cash deposit is required to be paid in person at UCL Careers after registering to guarantee your place. You will also need to bring a laptop/tablet with you to be able to participate in this event.

Get into Broadcasting – TV, Film & Radio: Panel Discussion, Q&A and Networking

Wednesday 2nd December, 5.30pm-7pm

 

Want to get an insight into working in and with the broadcasting industry? Come along to this event to hear directly from professionals about some of the various roles in these sectors! Confirmed panellists include:

 

> Alex Snelling, Film Director/Producer/Editor, Slack Alice Films

> Anya Saunders, Editorial Lead, BBC Make It Digital

> Matt Pelly, Freelance Series Producer, Director and Cameraman

> Kate Lamble,  Assistant Producer, BBC World Service

> Eduardo Leal, Account Director, Precious Media

 

This panel discussion is chaired by Leiah Kwong, President of the UCLU Film and TV Society

 

What is Media Analytics? Presentation by GroupM
Thursday 3rd December, 1-2pm


Media is changing. Today we are in a space where data, creative content and technology collide, where audience insight sits at the heart of the creative process, and where extraordinary intelligence and state of the art trading models help us deliver tangible output for our clients.

 

GroupM is the world leading media advertising group. We plan advertising campaigns for some of the biggest and most renowned brands globally, and based on rich consumer data we buy the media space that reach the right target audience.

 

In this presentation we will discuss how data, audience insight and analytics help us deliver successful media campaigns. What data do we collect? What do we know about you? How do we use this information to target the right audience? Where is the future of media taking us, and what does this mean in terms of our future talent and career opportunities?

 

Get into PR, Marketing & Advertising: Panel Discussion, Q&A and Networking

Thursday 3rd December, 5.30pm-7pm

 

Professionals working in the industry will be discussing their career paths and ways to get into the sector. The panel will also be sharing tips on how to progress your career. Confirmed panellists include:

 

> Christy Madden, Ogilvy Fellow, Ogilvy

> Kari Shephard, Consultant, Claremont Communications

> Sophie Orbaum, Account Director, Gerber Communications

> Caroline Cody, Media Relations Manager, Lloyds Banking Group

> Tom McCarron, Periscopix
CVs/Applications for Media Careers: Panel Discussion, Q&A and Networking

Friday 4th December, 1pm-2pm

 

Get top tips from industry professionals on how to make your applications stand out and what you can be doing now to increase your chances of securing a role in this industry. Confirmed panellists include:

 

> Sally Hunter, Head of Commercial Marketing, The Guardian

> Jackie Fast, Managing Director, Slingshot Sponsorship

> Graham Russ, Careers Co-ordinator, Creative Skillset

> Sonia Cason-Zeif, Recruiter, Sapient Nitro