DeciBio Consulting

firm profile

DeciBio Consulting is a strategy consulting and market intelligence firm that works with companies of all sizes across the life sciences industry, and specifically those with a focus on precision medicine.

This boutique firm was founded in 2009 and has quickly expanded to serve clients across the globe, conducting engagements in North America, Europe, Asia, Africa, and Australia.

The firm is known as a great place to start a career – whether your long-term focus is biotechnology or consulting more broadly. In this article, you’ll see what sets DeciBio apart in the industry, pros/cons of DeciBio careers, compensation potential, and much more. Let’s get started.

Table of Contents:

  1. DeciBio Consulting Key Stats
  2. DeciBio Consulting History
  3. DeciBio Consulting Careers
  4. DeciBio Practice Areas
  5. DeciBio Industries
  6. DeciBio Office Locations
  7. DeciBio Career Path
  8. DeciBio Exit Opportunities
  9. DeciBio Consulting Culture
  10. DeciBio Consulting Internships
  11. DeciBio Consulting Interview
  12. DeciBio Consulting Salary

DeciBio Consulting Key Stats

  • Decibio Consulting Website: https://www.decibio.com/
  • Decibio Consulting Headquarters: Los Angeles, CA
  • Decibio Consulting Number of Employees: 30
  • Decibio Consulting Number of Locations: 2
  • Decibio Consulting Chief Executives: Stephane Budel and David Cavanaugh
  • Decibio Consulting Revenue: ~$5M

DeciBio Consulting History

DeciBio is a very young organization compared to its peers in the space. It was founded in 2009 by Stephane Budel and David Cavanaugh.

However, the firm makes up for its lack of history by taking an innovative approach, most notably offering a variety of platform-based services, such as lab tracking databases and discovery portals. DeciBio also launched a subsidiary, DeciBio Analytics, in 2019 to cash in on the downstream opportunities to collect and crunch data on behalf of its clients.

The company’s rapid growth over a short, twelve-year period demonstrates its belief in entrepreneurship and self-motivation. While it is no longer a start-up, DeciBio is still very much a consulting firm with an entrepreneurial feel, something many find appealing.

DeciBio Consulting Careers

Careers at DeciBio are highly lauded by folks inside the firm. Let’s discuss.

DeciBio Practice Areas

DeciBio only has two practice areas:

    • Strategy
    • Market Intelligence

DeciBio Industries

The industries that DeciBio Consulting services are:

    • Research Tools
    • Clinical Diagnostics
    • Pharma & Biotech
    • Financial Services

DeciBio Office Locations

While clients are located worldwide, the DeciBio Consulting office locations are both in California. The company is headquartered in Century City (Los Angeles) and prides itself on being accessible by the Metro Line and conveniently located close to USC and UCLA.

A second office is in downtown Oakland. The Oakland office houses 25% of its staff and is a bit younger and more “scrappy.” Remote work is an attractive component of DeciBio’s culture as well, and the firm is intentional about ensuring that remote employees can attend company social events and other gatherings.

DeciBio Career Path

The DeciBio Consulting career path looks like this:

Analyst > Associate > Project Leader > Principal > Partner

There are essentially two teams to join at DeciBio: Consulting and Data/SaaS. The consulting path is less data, programming, and analytics driven, but both paths require a life sciences degree.

DeciBio Exit Opportunities

Working for DeciBio can lead to a wide range of exit opportunities. This includes higher-level positions with other companies in the precision medicine or broader life sciences space – in internal consulting, corporate strategy, or other leadership roles.

DeciBio Consulting exit opportunities come about by the leadership skills and industry-specific expertise you develop at DeciBio. The mix of strategy acumen and industry expertise that consultants develop at DeciBio is attractive to companies within the broader life sciences space.

However, there are a couple of downsides to working at DeciBio. One – the firm still battles a lack of brand recognition in the industry, although this is changing. Two – after a stint at DeciBio, you are branded as a “life sciences person.” This is great if you want to stay within the industry, but it makes reinventing yourself much more difficult and all but ensures you’ll have to pursue a top-tier MBA to make that kind of transition.

These factors can make it more difficult to leverage your experience for a desirable exit, but with the right networking strategy and resume word-smithing, it is doable.

DeciBio Notable Alumni

Given DeciBio’s brief history, there is a lack of notable alumni that have left the firm and gone on to achieve public success. The firm has brought on significantly more notable figures than it has seen leave for other positions. However, we don’t expect this to be the case for too long. Watch out for the firm to produce several powerhouse alumni over the next decade!

DeciBio Consulting Culture

What DeciBio lacks in size, it certainly makes up for in quality of life and culture. The culture at DeciBio is one of balance and community. While DeciBio means business, the work environment is fun and relaxed and encourages strong relationships among employees. Employees are known for hanging out on the weekends, going on trips, and taking classes together. The firm has a dog-friendly office, even listing various pets as “teammates” on its team page.

DeciBio emphasizes work-life balance. On weekends and vacations, you are generally not expected to work. However, hours are still long, though not as long as at McKinsey, Bain, or BCG. As with any consulting firm, a strong work ethic is valued at DeciBio, where work hours often fall in the range of 50-60 hours a week. Travel at DeciBio is minimal – 2 days every 6 weeks is normal, which is much, much lower than most firms.

Entry-level employees are given a substantial amount of leadership experience early on, giving ambitious young professionals the opportunity for quick career progression. If you want lots of responsibility, this could be a firm where you excel.

DeciBio’s culture is buoyed by the firm’s core values:

  • Thought leadership
  • Collaboration and support
  • Entrepreneurship
  • Transparency
  • Harmony
  • Grit

Awards

  • 6th Best Consulting Firm for Firm Culture (Vault)
  • Top 50 Consulting Firms (Vault)
  • 11th Best Boutique Consulting Firm (Vault)

DeciBio Consulting Internships

DeciBio Consulting offers several internship opportunities that are open to Life Science majors and PhDs. These internships are full-time and located in the Los Angeles office. Consult the firm’s careers page to find openings and apply.

DeciBio Consulting Interview

The DeciBio interview process is generally a two-step process and results in a new hire less than 1% of the time, which shows you how selective the firm is in hiring.

The first round is a screening round. You’ll run through several case interviews designed to assess your analytical, communication, and problem-solving rigor. In the screening interviews, you’ll also be asked a range of behavioral questions. These interviews usually take place over a video call.

If you pass the screening round, you’ll move onto the second (and final) round. Final round candidates conduct a case presentation to the hiring committee and meet DeciBio team members and partners. The length and depth of the case presentation are dependent upon prior experience.

Candidates with less experience may be required to conduct a 3-hour case simulation while more experienced candidates present a take-home assignment completed before the interview day.

The firm uses six criteria to determine if prospective candidates are a good fit:

  • EQ (a natural finesse)
  • Ideation (creativity and breadth of thought)
  • Intuition
  • Rigor
  • Agility
  • Bridge Building (connecting with others)

DeciBio wants prospective employees to be comfortable operating within ambiguous situations in a team setting and will look for this competency in the interview.

DeciBio Consulting Salary

DeciBio Consulting salaries vary by position and experience. Candidates can expect to earn, at the base level, $80,000 per year. That’s lower than top tier firms, but in line for a smaller firm like DeciBio. Where it may lack in salary punch it makes up for in other perks and benefits: a generous profit-sharing system, parental leave, professional development stipends, and more.

Target Schools

Does DeciBio have target schools? Yes, but it doesn’t publicly advertise them. It’s our best guess that the University of Southern California, UCLA and UC Berkeley are targets due to their close proximity to the firm’s offices. Other California schools, especially those with strong Life Science programs, are also good bets. In addition, top programs like Northwestern University, Yale, University of Pennsylvania, Stanford, and MIT are likely targets for DeciBio.

Diversity Programs

DeciBio Consulting diversity programs include Women in Consulting and Gays in Consulting. Both programs are designed to provide support for these communities and to allow for a safe space in which members of these communities can find allies, hear from speakers on topics tailored to specific interests and needs, and participate in firm-wide awareness events.

In addition, DeciBio has launched ImpactLab, which focuses on expanding access and inclusion in healthcare.

Conclusion

If precision medicine, strategy, and a California flare are your style, DeciBio is a firm worth looking into. The firm may not have the size or brand recognition of the top consulting firms, but the quality of life, culture, and work-life balance at DeciBio are an attractive combination. Give yourself the best shot by working with our expert team to “consultify” your resume and get prepped for the tough DeciBio interviews!

 

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Filed Under: Boutique Consulting Firms, consulting firm profiles, Consulting Firms