3/20: Chicago Biomedical Consortium – Entrepreneurial Fellows Program

Entrepreneurial Fellows Program

  • Elizabeth McMath
    • Senior Director, New Program Innovation & Entrepreneurship
  • Consulting work uses “higher-level thinking skills”
    • Similarity to PhD – “no hand-holding”
  • Previous work before CBC – consulting, business development, corporate strategy

Q: What are good entry level jobs to get into business development positions?

  • Consulting, equity research, entrepreneurial roles
  • Smaller companies may hire business development roles straight from PhDs
  • Important to network to find these jobs
  • Position your analytical skills & skills in communicating complex topics
  • Skill that helps people with PhDs to stand out in business – “empathetic thinking”
    • put yourself in your audience’s shoes
    • anticipate what questions you will get
  • EF work is similar to that of a consultant/VC analyst
  • CBC looks for “evidence of business interest” and connection/commitment to the Chicago area
  • While in grad school – CBC runs externships through MyChoice