BioWorks 19: Navigating Management Consulting and Life Sciences with Dr. Peter Tollman, BCG

In which Dr. Peter Tollman, former Managing Director and Senior Partner at Boston Consulting Group (BCG), shares his journey from engineering to consulting and his pivotal role in BCG's growth. Drawing from his experience as the global leader of BCG's Biopharmaceutical Practice, he discusses the unique challenges of management in the life sciences sector. Peter also highlights the significance of humility, continuous learning, and strategic thinking for aspiring professionals. Hosted by James Bole Pan.

Timestamps:

(0:10) - Introduction

(1:00) - Peter’s early career journey

(4:00) - Transition from engineering to business

(6:28) - Role in BCG's expansion

(9:30) - BCG’s culture

(12:05) - Founding MPM Capital

(15:15) - Experience at Monitor Company

(17:15) - BCG’s secrets in leadership transition

(18:50) - Theory on Smart Simplicity

(25:30) - Managerial challenges in the life sciences

(30:05) - Qualities of top CEOs

(32:35) - Advice for CEOs

(35:07) - Advice for translational research scientists

(37:20) - Developing interdisciplinary skills

(41:15) - Advice for college students