In industry, many roles gain advantage by hiring PhD graduates. For instance, positions such as product manager, market research analyst, business development manager or competitive intelligence analyst requires thorough understanding of the present scenario of a particular product, its demand in the current society, its comparison with similar existing products and ways to improvise the product.
These are traits which a PhD graduate develops during the time spent as a researcher. Capability to analyze, carry out comparative analyses and come up with innovative solutions are something that a PhD might help with.
Apart from the roles stated above, this skillset is a must-have for anyone aiming to take up consultancy jobs either in firms or in government policy-making bodies.
Changes that can be implemented to attain scientific advancement in a particular field can be suggested based on knowledge of technical know-how as well as existing literature.
PhD graduates being well-versed with these are excellent candidates for these jobs. In fact, we come across people from varied fields of PhD experience in these professions.
The reason is that a PhD degree is important not just for the field in which it was earned but also for the skillset it brings along. This is to say, that no matter whether you have a PhD in Biology, Chemistry, Mathematics, or an Engineering stream, you are trained to work long hours, be multitasking, analyze complex situations, solve difficult problems, and troubleshoot using different approaches.
Therefore, job vacancies which look for these qualities in a candidate might hire PhD holders from any field.
If you have a PhD in streams like Mathematics, Statistics, Engineering, Physics, or Computer Science, you might be eligible for the position of an analyst, such as quantitative analyst or operations research analyst.
Data analysis, statistical modelling, pattern recognition, and data mining are a few skills required in these career options. Candidates with this background fit well into banking, trading and investment sectors.
With the advent of technology, its utility is being realized in various sectors and thus newer professions are being created to meet the current demand.
Examples of these include healthcare information technology specialist and medical science liaison. A strong background of medical research is required in these jobs.
While the former includes clinical database management and medical coding, the latter requires excellent communication skills and confident knowledge in therapeutic areas.