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Dear PhD candidates: (I am a PhD from MIT, by the way, course 6) I really recommend that you follow the MBA recruitment (you know, McKinsey, BCG, Investment Banks etc). If you do so, you might get either the same offer as an MBA ($120K to $150 + bonus), or a little less. Since the consultants and banks are being rejected by top MBA schools, they are desperate for *bright* people (and some of the companies are eager to get PhD's). If you see it this way, you endup at the same level as an MBA, maybe without the work experience, but without paying the 60K for two years of MBA. (PhD = 6 years, MBA = 2year +(2to4 yrs work experience) after undergraduate). Of course, just forget you can apply your research (but certainly you can really go far at least knowing how to email).