I always thought a PhD, assuming the subject matter/thesis was relevant to the type of work done in MC, and specific enough to give the person a genuine "knowledge competitive advantage", could be a great entry to the industry.In the case of a company that needs help in a specific area of their business, how nice would it be for a prospective MC firm to pitch the fact that they will staff the project with Dr. X, who spent 3 yrs of his life researching and analysing the "ins and out" of that particular area.Companies don't normally hire MC firms because they want the use of smarter people than they have in their own org. (as much as the Harvard MBAs at MBB may like to believe that is the case). They either need extra resources with demonstrated analytical rigor, or they need access to very specific knowledge, not available within their own org.PhDs can easily fit into both, especially the latter.