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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
terp06 wrote:
ac8706 wrote:
terp06 wrote:

The most obvious thing that caught my eye is that several of the Tuck students already have private equity experience and/or had private equity internships during their summer. There are very few Darden students that can claim either of those. Also, there seems to be a lot more people from IT in the Darden book. No offense to people from IT, but I'm not sure what they're doing in the private equity club - it's difficult enough as it is for people with finance backgrounds to break in.


Thanks for sharing your opinion terp. Could you elaborate? I'm not sure I understand why people from IT shouldn't be in the PE club? I would think it indicates their efforts towards transitioning from IT to PE...not a bad thing in my book.


It's simply not realistic. PE firms almost exclusively take people who have previous PE or Investment Banking experience. They may take a handful of M/B/B consultants, but that's about it. If someone from IT is interested in breaking into PE in the long-run, they would be wise to get into investment banking in the short-term right after school and make the transition later. Although I see nothing wrong with joining the club, and finding out more about PE, I think it is sort of over-the-top to put your resume in the PE resume book as it is premature for an IT person to be searching for PE opportunities.


But at the end of the day, it's the call of the individual to market her/him-self as they see fit. If someone is from IT and thinks that it's a good idea put their resume in the PE book, it's their decision. Whether we agree it's a good one or not...that's why they call them opinions :wink:

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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
*gasp* I'm actually going to agree with terp06 on that. No harm of course in joining the PE club if you're an IT veteran but I think terp06 was commenting on the short- to medium-term viability of making such a transition.

Despite the fact that a lot of MBA applicants are career changers, switching over to PE/HF/VC or even IB without any kind of prior background in that field is absolutely challenging, as is accomplishing the opposite.

In fact, I was recently speaking to an alumnus who's a Director at a bulge bracket in New York and he was explaining how hard it is for a former banker pursuing an MBA to try and get hired from IB to retail. Recruiting activities begin in earnest within a few months of you starting your first year in b-school and to try and make the argument that you've spent 4 years building models and preparing pitchbooks and now suddenly want to check out a summer internship that focuses on CPG marketing sounds a little weak. If you try to make the argument that you've worked in retail for 4 years and now want to do IB, it's even weaker, I suppose.

Obviously people do end up switching careers - rhyme moved from MC to VC I believe, and pelihu from law to IB - but IIRC they both had significant and somewhat related experience earlier.

I think if you look at it very objectively, the "MBA to facilitate career change" argument actually probably makes you somewhat of a risk in the eyes of the admissions committee, especially if you're talking about transitioning from IT to PE.

terp06 wrote:
It's simply not realistic. PE firms almost exclusively take people who have previous PE or Investment Banking experience. They may take a handful of M/B/B consultants, but that's about it. If someone from IT is interested in breaking into PE in the long-run, they would be wise to get into investment banking in the short-term right after school and make the transition later. Although I see nothing wrong with joining the club, and finding out more about it, I think it is sort of over-the-top to put your resume in the PE resume book as it is premature for an IT person to be searching for PE opportunities.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
solaris1 wrote:
No harm of course in joining the PE club if you're an IT veteran but I think terp06 was commenting on the short- to medium-term viability of making such a transition.

Despite the fact that a lot of MBA applicants are career changers, switching over to PE/HF/VC or even IB without any kind of prior background in that field is absolutely challenging, as is accomplishing the opposite.



I think even I can agree with that aspect of it solaris! :)

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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
thanks for providing this information
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
Is anyone else considering their Health Sector Management (HSM) program?
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
ac8706 wrote:
Is anyone else considering their Health Sector Management (HSM) program?


Although it is highly ranked, I am somewhat skeptical of it. I am sure they have excellent placement into hospital administration, pharma companies, etc. but I am really questioning whether they place any decent numbers into McKinsey healthcare, healthcare banking, etc.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
All this discussion really shows (yet again) is that you need to have done the research for yourself and you have to know for certain that the school you apply to is going to be able to offer you what you want from it. In the end, only you know your goals and if you do the research you'll know best if the school you're looking at can fulfill them.

The thing about Duke is that they should room to grow still.

As for the class makeup, I got from chemical engineering degree from one of the top rated programs in the nation and there were some "mediocre" folks there as well. That didn't affect my education at all, nor did it affect the fact that I had access to faculty that were the leading experts in the world in what they studied. Obviously, it's not the same situation in B-school (nor am I claiming Duke's faculty are the best in the world), but you can't make your decision on the class makeup. I'm sure there are some mediocre students everywhere you go. I've run into a few arrogant jerks at some top schools, but that wouldn't cause me to stereotype the entire class and not apply there because of it. And frankly, if you're going to be the worst performer in the best program, you might be better off being the best performer in a top-15 school.

terp's list is a list specific to why he chose not to apply, my list might look very much the same for a school that I've chosen not to apply to, in the end it's a decision you need to make.

Finally, the ethics scandal really means nothing, especially after the latest GMAT scandal, which just goes to prove that Duke was forced to deal with something that unfortunately happens everyday at every school (graduate, professional, or UG).
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
highhopes wrote:
All this discussion really shows (yet again) is that you need to have done the research for yourself and you have to know for certain that the school you apply to is going to be able to offer you what you want from it. In the end, only you know your goals and if you do the research you'll know best if the school you're looking at can fulfill them.

The thing about Duke is that they should room to grow still.

As for the class makeup, I got from chemical engineering degree from one of the top rated programs in the nation and there were some "mediocre" folks there as well. That didn't affect my education at all, nor did it affect the fact that I had access to faculty that were the leading experts in the world in what they studied. Obviously, it's not the same situation in B-school (nor am I claiming Duke's faculty are the best in the world), but you can't make your decision on the class makeup. I'm sure there are some mediocre students everywhere you go. I've run into a few arrogant jerks at some top schools, but that wouldn't cause me to stereotype the entire class and not apply there because of it. And frankly, if you're going to be the worst performer in the best program, you might be better off being the best performer in a top-15 school.

terp's list is a list specific to why he chose not to apply, my list might look very much the same for a school that I've chosen not to apply to, in the end it's a decision you need to make.



well put!
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
ryguy904 wrote:
kd,

What'd you call me?

Lol, just kidding.
-ryguy


solaris1 wrote:
Ok, and what's the typical Fuqua student like, kidderek? Just curious.



Whoa whoa. I'm just saying tongue in cheek. Especially having spoken to ryguy & knowing his background, somewhat, I just didn't picture him applying to Fuqua. I figure he'd stick with the fin powerhouses.

With that said, Fuqua is a damn good school w/good gmatclub representation.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
Shooting for round 1.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
Deadlines and Essays are up:

103-p496530?t=66319#p496530
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
Having attended the Diversity Weekend last year, I can say that terp06 does have a point regarding the cookie cutter nature of the student body. During "Fuqua Friday" (the weekly drink beer/socialize with classmates event), I met many current students who rolled their eyes at my sustainable development aspirations (they were, "it's all about banking dude" types), and a lot had the fraternity/sorority feel going on (which is not really my thing, but hey...it IS Duke). That being said, I also met quite a few people that I feel like I could have gotten along with, and to be fair to the people I'm bashing (the banker dudes), after they finished slagging me off for my career goals, they invited me to a party :lol:

I must say that the administration did a great job in convincing me about their curriculum (the cross pollination if you will), their committment to team work, and I loved the international aspects of the program as well.

For all those reasons and more...I'm in this Round 1.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
How is Fuqua for consulting for career switchers? I see some McK/B/B hires but it's possible they all had previous consulting experience.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
It places well, but apparently the only office McK/B/B hires for out of Duke is Atlanta. So you may want to keep that in mind?

sonibubu wrote:
How is Fuqua for consulting for career switchers? I see some McK/B/B hires but it's possible they all had previous consulting experience.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
solaris1 wrote:
It places well, but apparently the only office McK/B/B hires for out of Duke is Atlanta. So you may want to keep that in mind?

sonibubu wrote:
How is Fuqua for consulting for career switchers? I see some McK/B/B hires but it's possible they all had previous consulting experience.


dammit! thanks for the info. I'm trying to go west coast post-MBA.
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
Any thoughts on the Early Action round this year? Especially the binding agreement
"In addition, any applications submitted to other schools must be withdrawn upon an offer of admission from The Duke MBA."

Anyone looking to apply for this round?
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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
Ack, they changed the essay questions...

I had just put the finishing touches on my drafts. Oh well, back to the drawing board.

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Re: Calling all Duke (Fuqua) Fall 2009 applicants! [#permalink]
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