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Get the inside scoop on what makes Emory’s Goizueta Business School great and how you can present a strong MBA application. Explore the difference between our One-Year MBA and Two-Year MBA programs, talk to our admissions team, and meet students.
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06 Mar 2018, 08:00
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| FROM Tuck Admissions Blog: Revers Center for Energy Reflection: Drilling 101 |
 By Scott Hessen T’19 [img]/uploads/blog_images/tuck-student-offers-drilling-101-lecture.jpg[/img] I quickly realized this would not be your average lecture when I saw my classmates dressed in oil-soaked and grease-stained work shirts from their past employers. Their clothing and the vivid images in the first few slides transported us to bustling drilling sites in West Texas and the Gulf of Mexico. This lecture, Drilling 101, brought together four Tuck students who worked across the world on drilling rigs to share their unique experiences in the oil industry with other students. The presentation was broken into two sections; first, a deep dive into the drilling process, then a broad overview of the industry highlighting exploration, production, refining, and transport. As we learned how drilling rigs functioned, I began to comprehend the complexity of drilling a hole into the ground. The first obstacle, the water table, is a layer of water that lies just below the surface of the earth and is the water that eventually comes through our faucets. To prevent oil from contaminating the water, concrete is poured around the drill to prevent oil from leaking into the water table. If you thought the complications ended there—you’re wrong. Once the drill is deep in the earth, the pressure from gases between rocks can rush up to the surface and create an explosion known as a blowout. To prevent blowouts drillers carefully monitor the amount of drilling lubricant fluids going into the well through the drill compared to the amount of fluid that comes back out. If the amounts are the same, everything is good. These and other simple and elegant solutions to seemingly very complicated problems continued to amaze me throughout the presentation.  The discussion followed with cautionary tales of what can happen when things do not go according to plan—images of Piper Alpha and Deepwater Horizon triggered feelings of unease as our peers explained the systematic failures that allowed these tragedies to happen. Despite the number of checks and tests that are performed daily it appeared these events stemmed from negligence. One of my takeaways was that the best safety tests and alarms only work if people adhere to them.  An examination of how drilling fits into the larger energy industry and what happens to crude oil once it has been extracted concluded the lecture. From the rig, the oil is processed so that it is transportable and then is sent by tanker, train,or pipeline to power plants, refineries, and eventually to you and me for daily necessities such as fueling our cars and heating our homes. I’ve heard countless figures about how much oil the world consumes in a day, but I left Drilling 101 with a greater appreciation for the complexities of extracting that oil from the earth and a better understanding of my classmates and their time living and working on offshore rigs and job sites. Scott is a Pennsylvania native who studied mechanical engineering at Lehigh University and worked for John Deere in various engineering and manufacturing functions prior to arriving at Tuck. He plans to spend this summer working in J.P. Morgan’s investment banking division. |
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19 Mar 2018, 07:00
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| FROM Tuck Admissions Blog: What to Expect at Admitted Students Weekend |
 Maybe you're on the fence about Tuck or getting an MBA in general. Maybe you sent in your deposit within seconds of getting that glorious "You're in!" call and are ready for your first taste of the next two incredible years at Tuck. Regardless of where you're coming from, Admitted Students Weekend is designed to give you a feel for what attending Tuck is really like and an opportunity to meet a couple hundred of your future classmates. Our fellow Tuckie Kiley Winsnes T'16 makes the case for attending the weekend. If you opt in (and we think you should), here's what you can expect: Academics You may have done a class visit while you were on campus for your interview but preparing for and participating in a class is a completely different experience. Tuck is all about experiential learning, so we’re going to give you as authentic a student experience as possible. On Friday, you’ll meet with a study group, discuss a short case, and attend two classes with some of our esteemed professors. If you suddenly feel ill-prepared and like you need to do some serious prep work so that you perform admirably in these classes—don’t panic! We know a lot of you are career switchers (we are too) and you are not expected to know or prepare anything in advance. These classes are solely meant to give you a sense of what the learning environment is like at Tuck. Career Switching careers and worried about making that leap? Absolutely certain on where you want to land after Tuck? Concerned about recruiting from Hanover? Regardless of which scenario applies to you, ASW will put your mind at ease. Our Career Development Office (CDO) will host sessions where you’ll hear from T’18s, T’19s, and Tuck alumni on their recruiting experiences, the on-campus interview process, how to get a head start over the summer, and Tuck’s Visiting Executive program which gives you access to top business leaders throughout the year. We’ll also have company office hours with some of our sponsors, where you can speak with key contacts who will be recruiting on campus in the fall. Student Life While moving to a new area is incredibly exciting (especially when it’s an area as beautiful as Hanover, NH!), it also has its challenges. You probably have questions about where you’ll live, what you’ll do you in your free time and what life is like in the Upper Valley. We’ll answer all of that and more at our T’19-led Student Life panels. Partner Programming You may be sold on Tuck, but if you have a TP (Tuck Partner) or a Tiny Tuckie (kids —we’re big on branding things here), the decision to enroll isn’t just about you. With a full schedule catered to the partner experience, your TP will have a chance to get to know the other 80+ TPs visiting and learn about life at Tuck, housing options and career opportunities (if they’re moving here), and remote partner life (if they’re not). They’ll also have plenty of time to join you and your classmates in some of the social activities planned for the weekend. Tuck Fabric You’ve probably heard that the Tuck community is tight-knit, or that it’s personal, connected, and transformative, or that everyone is friendly and always willing to help a fellow Tuckie. All of this is true. We call it the “Tuck Fabric”, and it’ll be on display all weekend. Whether you’re at an affinity breakfast, the international students or Consortium meetups, a small group dinner, the school-wide hockey game, Club Fair, the International Food Festival, or an event featuring Tuck’s famous class bands (seriously, they’re amazing), you’ll meet current students who are genuinely excited to share their experiences and perspectives to help you make the right decision for you (we hope that means choosing Tuck!) |
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20 Mar 2018, 13:00
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| FROM Tuck Admissions Blog: In Australia, Tuckies Project the Future of Retail Banking |
  Last fall, as part of a global experiential learning course at Tuck, I and five classmates spent three weeks in Australia, exploring ways to harness new technologies in retail loan origination and assessment processes. After completing some secondary research on-campus and conducting interviews to familiarize ourselves with the space during Phase I of the project, we headed to Brisbane with our faculty advisor for Phase II, during which we collaborated with one of Australia’s top ten banks to develop a tangible framework. Having worked full-time for three weeks on a project outside of our team’s intellectual and geographic comfort zone, I realized how powerful diversity of minds and backgrounds can make a project rewarding for all stakeholders. It was extremely exciting to be constantly inspired by the input of my teammates, and intellectually stimulating to look at the same issue from different angles. Our goal as a team was not just identifying a process that integrates fintechs, or, making sense of menu of options available on the technology side. Throughout our study, we also learned how valuable it can be to take a new look at the present business landscape and analyze hard choices that might have tangible, long-term impact. Leveraging the opinions of retail bankers from multiple groups, we framed the overall issues differently. We synthesized pain points, and collated them into meaningful categories, and through this approach, were able to fine-tune our framework. Most importantly, we put together a final presentation about our key takeaways, and turned this opportunity into a dialogue with the bank’s management team. Going beyond buzzwords about emerging technologies, blockchain being the most important one, we realized that it was difficult to find material implications to finance and predict a timeline. However, the real learning opportunity here was actually in projecting the future of retail banking, which is converging into the technology space at an unstoppable pace. In an ever more automated world, retail banks need to find a delicate balance between technology and customer relationships. Although highlighting one over the other may not dramatically hurt profitability of a bank today, it may significantly threaten its existence within five years, given the fiercely competitive landscape disrupted by fintechs. The future for retail banking lies in building ecosystems, requiring platformization. In this journey, banks as platforms that can attract the right companies, allowing them to better serve their customers during important life events, will be ahead of the game. |
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