MBA Admissions: Tuck and Financial Services

Dartmouth Tuck

Dartmouth Tuck

This post about Dartmouth’s Tuck School of Business, focusing on financial services, is part of a series of interviews about top MBA programs called “MBA Career Goals and the B-Schools that Support Them.” Please subscribe to our blog to ensure that you receive all the posts exploring the elements at each school that will help you pursue your goals in finance, consulting, general management, entrepreneurship, marketing and more.

A quick glance at Tuck: Tuck currently has the 3rd highest average starting salary and bonus among the business schools ranked in US News & World Report (March 2012). About 29% of Tuck graduates go into careers in financial services (16% in investment banking, 5% in private equity/venture capital, 4% in investment management, and 4% in other financial fields).

Incoming Tuckies and Financial Services

Tuck students graduating in 2012 have on average five years of work experience, an undergraduate GPA of 3.5, and a GMAT score of 718.

17% of class of 2012 students entered Tuck with backgrounds in investment banking or private equity, and 10% worked in other financial services or real estate. 22% majored as undergraduates in business or finance and 23% in economics. (More info is available on Poets and Quants. Note: A lot (but not all) of the stats from P&Q are extrapolations and estimates.)

Tuck’s Classes Related to Finance

Corporate finance and capital markets is one of the key functional areas and disciplines that comprise Tuck’s integrated core curriculum, which takes up all but two classes in the first year. Students with an “extensive background” in a particular area can opt out of the related core course and take an elective instead.

For the elective courses, students can choose the Finance, Accounting, and Economics courses which are taught by experts on investments, private equity finance asset pricing, auctions and game theory, international economics, portfolio management, corporate governance, management controls, capital structures, and corporate valuation.

Classes that may appeal to students interested in private equity include Private Equity Finance, Corporate Valuations, Corporate Restructuring, and Managing Mergers & Acquisitions.

Students interested in venture capital may choose to take some of the following: Emerging Technologies, Marketing New Products, Strategic Innovation Management, and Advanced Entrepreneurship.

See this list for course descriptions:

Tuck also is home to two research centers focused on finance. The Lindenauer Center for Corporate Governance studies how “international differences in capital markets, ownership structures, and legal traditions affect financial contracts and best practices in corporate governance” as well as other governance issues. The Center for Private Equity and Entrepreneurship studies young companies and the role of private equity in their growth. The center is “actively involved in practitioner communities of private equity, and its outreach facilitates the pursuit of venture-backed activities.” That active involvement could be something of interest if you want to move into the clubby world of PE/VC. The Center for Private Equity and Entrepreneurship also helps students secure internships and fellowships, and runs prestigious programs such as the Tuck Capital Management Program and the Private Equity Internship Program.

Finance-Related Clubs and Extracurricular Activities

There is an active student-run Finance Club at Tuck that runs regular events throughout the year intended to familiarize student with finance-related job opportunities. The Finance Club works in conjunction with the Tuck Career Development Office and in close cooperation with the Investment Club and the Private Equity Club.

Examples of Finance Club events include the Sales & Trading and Private Wealth Management Breakfast (with representatives from Goldman Sachs), a trip to Wall Street, Art of a Deal Workshop/Cocktail Party, Interview Workshop/Wine Tasting, Valuation Workshop, and others.

The Investment Club also provides a forum for students to learn more about the investing and the career search. The club also manages the Tuck Investment Fund.

Investment Club events and activities include regular “Stock Pitch” sessions, mock interviews, and a trip to Omaha to visit Warren Buffett.

Finally, there’s the Private Equity Club, a large club with over 120 members. There is a wealth of information on the club website, including a list of speakers for the club’s Visiting Lecture Series.

Top Investment Banks Hiring at Tuck

Top investment banks that hired at Tuck in 2010-2011 include:

  • Bank of America Merrill Lynch
  • Barclays Capital
  • Citigroup
  • Cowen & Company
  • Credit Suisse
  • Deutsche Bank
  • Fidelity Investments
  • Goldman, Sachs & Co.
  • Harris Williams & Co.
  • J.P. Morgan
  • Jefferies & Company
  • Liberty Mutual
  • Morgan Stanley
  • UBS

The following list indicates the number of students who received job offers from top recruiting organizations from the most recent academic year (Class of 2011):

  • J.P. Morgan: 5 students
  • Goldman Sachs: 4 students
  • Harris Williams & Co.: 4 students
  • Morgan Stanley: 4 students
  • UBS: 4 students

For internships, the list goes as follows:

Citigroup: 7 students
Goldman Sachs: 7 students
Barclays Capital: 4 students
Cargill: 4 students

According to a BusinessWeek profile on Tuck, 30% of graduating students accepted jobs in the functional area of finance/accounting, and 29% accepted job in the financial services industry.

The following chart (from Poets & Quants) provides an estimate of the class percentage and number of students expected to receive job offers from top investment banks in 2013:

  1. Goldman Sachs: 3.2%, 9 students
  2. Ernst & Young: 2.7%, 7 students
  3. Credit Suisse: 1.4%, 4 students
  4. Bank of America: 0.9%, 2 students
  5. Barclays Capital: 0.9%, 2 students
  6. Citigroup: 0.9%, 2 students
  7. UBS: 0.9%, 2 students

Are you applying to Tuck? Please see our Tuck B-School Zone and Tuck Application Package for more information on how Accepted.com can help you get accepted.









Accepted.comAccepted.com ~ Helping You Write Your Best

  • Mark4it

    magnetic jewelry

    magnetic therapy

    magnetic products

    magnet therapy

    is creating waves in alternative medicine practice
    emphasizing on the use of static magnetic fields and banking on the belief of
    its practitioners that having body parts exposed to magnetic therapy fields created by
    magnets reaps priceless healthy effects. Science in a way supports such claim
    for it says that the blood protein magnetic products, which carries oxygen in the human body when
    oxygenated actually becomes diamagnetic and when deoxygenated becomes
    paramagnetic.

    Given that physics laws already state that magnetic poles are
    symmetric, the diversity involved in the orientations that magnets render has
    different effects. This is the reason why there is a need to regulate such
    effects. Fortunately, here now comes the hottest trinkets to hit,magnetic
    jewelry, magnetic therapy,magnetic magnet therapy therapy

    Magnetic jewelry comes in different forms, from magnetic
    bracelets to magnetic straps, lariats to anklets, necklaces, earrings, rings,
    watch sets and body wraps. Some are custom designed according to relative
    personal tastes and other considerations based on specific needs or desires.
    Brandishing magnetic jewelry does not only contribute to one’s well being but
    can also be supportive of one’s fashion sense.

    The use of magnetic jewelry has already been supported by
    studies as playing a pivotal role in keeping one’s health rosy and helps in
    one’s healing because of the static magnetic fields which can contribute in the
    treatment of cancer and in prolonging one’s life. It can also act as a pain
    reliever.

    Several studies have already been conducted zeroing in on the
    relative effects of magnet therapy including the effects of wearing magnetic
    wrist straps in alleviating the pain being suffered from of those afflicted
    with osteoarthritis.

    Commonly believed as safe, wearing magnetic jewelry can be
    part of one’s treatment depending on the diagnosis issued by experts. A lot of
    people have joined in the fray, embracing magnet therapy not just as a medical
    practice but also as a statement of their personal aesthetics that globally,
    the magnet therapy industry in terms of sales now commands over a billion
    dollars annually. In the United States alone, it is reported that the magnet
    therapy industry is raking at the very least $300 million dollars a year.

    People are now going gaga over magnetic bracelets and
    bangles, wearing them not only for health purposes but also as part of
    showcasing their individualism. One can also have a choice of metal between
    copper alloys and the noble metals like titanium and stainless steel.

    Hesitation on using copper made bracelets and bangles stems
    from the fact that wearing them may mark the skin with green stain since copper
    is absorbed from the jewelry piece through the skin. Luckily, there are plated
    copper magnetic bracelets and bangles now available in the market.
    Additionally, copper based alloys are known to be less expensive than the other
    metals used for magnetic jewellery. The noble metals like titanium and
    stainless steel on the other hand promise no allergic reaction.