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FROM Tuck Admissions Blog: Killingstad Insight Series: Senator Judd Gregg on the Future and Federal Debt |
By Neha Hassan T’17 Coming from Pakistan, I had very limited knowledge about the U.S. political system. This past year has provided an incredible opportunity to learn about the U.S. political and economic system in depth, both inside and outside of the classroom at Tuck. As the election garnered more and more public attention (often for the wrong reasons), the discussion on “The Future and the Federal Debt: How to Solve the Budget Crisis” by Senator Judd Greg was appropriately scheduled by the Center for Business, Government & Society. Pertaining to fiscal policy, both parties promise substantial public spending to gain public approval but that creates higher economic debt, especially when growth rate is not high enough. Senator Gregg simplified the situation by stating, “Debt is the issue, health care is the problem.” As the U.S. debt to GDP ratio rises monumentally, there is impetus to innovate in the health care space to cut down rising costs of Medicaid and Medicare. Senator Gregg believes that reforming tax laws will stimulate economic growth. As many big organizations now concentrate on avoiding taxes, the U.S. tax system needs to restructure to shift focus towards returns instead. Such a policy would have a huge impact on organizations’ bottom-lines and subsequent decision-making—including those we choose to work for after Tuck. Senator Gregg also provided some context on the current state of the U.S. political system by addressing some of the “disruptions” it is facing right now. One of the major shift is regarding challenges in building a consensus. He pointed out that social media has aggravated the situation as intellectual discussion on the platform is becoming increasingly difficult. A thought that lingered on my mind after the talk was that as many underrepresented minorities become vocal about their opinions, the process of consensus will prove to be even more difficult in the future, but is that necessarily a bad thing? This has implications for the U.S. president elect as he has to actively partake policies that are bipartisan in nature and develop solutions through consensus. The senator also spoke about the shift in American culture with regards to optimism. As the left side renders the market economy as a basis for envy, and the right side believes “everything is rigged,” a pessimistic view of society is taking precedence. As an international student, I was surprised by this, as we often perceive U.S. policies as much more transparent and progressive in nature, especially when compared to developing countries. In summary, this was a highly engaging discussion where I was able to learn significantly about the interaction between public policy and business strategy in the U.S. I am highly motivated to attend more of these discussions which would allow us as future managers to be cognizant of the political situation and how it influences firms. The Center for Business, Government & Society is focused on meeting the evolving complexities facing business leaders in today’s global economy. In the context of globalization and technological advancement, business success increasingly depends on reconciling the interests of its immediate stakeholders with the broader, deeply intertwined interests of both governments and society. Business leaders adept at navigating these many interests will be better equipped and empowered to help build a more sustainable global economy. |
FROM Tuck Admissions Blog: Hitting submit on January 4? 7 Tips to Make it Easier |
Tuck’s January Round application deadline is only 35 days away. But it’s also a whole 35 days away! Confusing? Let us explain. If you just decided yesterday that an MBA might be a good idea, targeting a deadline 35 days away isn't ideal. If you’ve been reflecting on why you want an MBA, what you want from your future, and researching the schools you see yourself thriving at...if you’ve looked at the application, studied for the GMAT, and reached out to recommenders...you’re in good shape! You have 35 days to wrap things up. To make things just a little bit easier, we've created a finishing touches checklist. Good luck as you continue to work on your application and we look forward to getting to know you! 1. If you are able to visit and take advantage of our open interview policy, book yours soon. The applicant-initiated interview deadline for the January application round is January 31st. Of course, we understand that circumstances sometimes prevent applicants from a visit to Tuck, and that’s OK! An interview is not required in order to apply and Tuck does offer interviews by invitation. 2. Check-in on your recommenders to be sure they are on track to submit their recommendation on time. Be sure to do this at least two weeks prior to the application deadline to ensure that they have time to comply with the deadline, or, if necessary, you have time to find a new recommender. 3. Don’t procrastinate on tackling the essays! This is often an element of the application that many prospective students leave as the final step in the application process, and many are surprised by how challenging they can be. Remember, there's a suggested word count for each essay, so a great deal of introspection is often needed to ensure that you present the most clear, concise and well-presented essays you can. 4. Proofread. Proofread. Proofread. We can’t say this enough. You may be surprised to know how often we see mistakes that are so easy to avoid with a little attention to detail. Focus on good grammar and clear, focused writing. 5. Strive to submit your application prior to the January 4th deadline. Not only will this allow you to troubleshoot if the unexpected happens, it also ensures that you don’t have to experience the last-minute rush of getting everything in on time. 6. Be sure to submit your official GMAT score. The turnaround time for official GMAT scores is down to just 5 or 6 days, so you have some additional leeway in terms of how close to the January deadline you take the test and still have time to get it submitted. 7. Continue to be introspective and explore programs you think would be a good fit. We invite you to take advantage of the many tools, resources and opportunities available to you. |
FROM Tuck Admissions Blog: A Tuck Partner Case Workshop with Governor John Lynch |
By Sneha Pandey TP'18 Sneha is a Tuck Partner from India who lives with her husband, Ankit T'18 in Sachem. She is a software engineer who gave up her profession in I.T. to pursue her passion for writing. She is a poet and loves to philosophise concepts related to life and emotions. She also worked as an image consultant before moving to the U.S. The feeling in your gut when you’re about to experience something big washed over me. I knew it was going to be an amazing experience from my conversations with people who had already participated. My feelings of nervousness came from the accomplished name associated with the event: The Tuck Partner Case Workshop with former New Hampshire Governor John Lynch. It became more than just a case study. It became more than just understanding what my husband went through every day! I made the effort, read the case, and even took notes. I thought, “I’m ready enough for this.” As I entered the classroom half an hour early, I saw the humble John Lynch standing with a smile greeting the students for the day—the venerable man evincing affability. The discussions started with ice hockey and then moved into the case with ease. The class was comprised of Tuck partners with varied backgrounds and therefore, many different perspectives. I was in awe at the many solutions and possibilities discussed. Governor Lynch made us think, question, and doubt our own reflections. Several times I found myself wavering on my original opinion. He skilfully navigated us through the intricate case and helped us comprehend through our own reasoning. There were moments of silence after intriguing questions were posed—everyone sat quietly, brainstorming. And then there were moments of engagement when everybody participated in the discussion. There were moments of learning with fun, when my friends were chosen to demonstrate the efficacy of the products in question. The session was engaging, thought provoking and Governor Lynch, stirred the wheel of thought in action. We learned how customers play the most important role in deciding every intricate detail of business. We learned about the forces that drive decision making in a manufacturing setup. Most of all, we were inspired by and in awe of the man who made the engaging and exciting session as it was. It was a nonpareil experience. I learned some business acumen and took away so much inspiration! (Main photo above: Governor John Lynch in the classroom. Photo at right: Moments before the Tuck Partner Case Workshop began.) |
FROM Tuck Admissions Blog: Veterans, Elite Athletes: Make Your Move into Business |
Are you a veteran or an elite athlete looking to transition into the business world? Tuck recently launched a program specifically designed for you. Next Step: Transition to Business is a two and a half week learning experience that aims to help veterans and elite athletes focus strengths, translate experiences, and identify opportunities so they can land the top jobs they deserve. We’ve found that veterans and elite athletes surprisingly have a lot in common—both are transitioning from careers they have selflessly dedicated their life to. Veterans and athletes have long thrived in our MBA program and in our executive education and minority business offerings, but with Next Step: Transition to Business, Tuck is tailoring a program to the needs of these specific audiences for the first time. The program combines the strengths we’re proud of and known for—rigorous business training, experiential learning, individual career coaching, and a collaborative environment—with a special sensitivity to attendees’ needs and life experiences. Next Step provides you with a tightly integrated on-campus experience at one of the world’s leading business schools. Our program is specifically designed to leverage your own real-world experiences in ways that will accelerate a successful transition into a rewarding and meaningful career in business. Each day, you’ll be challenged by faculty and your peers. You'll be immersed in professional development and business leadership activities, building new competencies with every new experience. Next Step will run March 1-18, 2017. To apply, visit: https://nextstep.tuck.dartmouth.edu/apply-to-next-step/ Questions? Contact Tuck team members Dia Draper (for veterans) at Dia.Draper@tuck.dartmouth.edu, and Ed Winchester (for athletes) at Edward.V.Winchester@tuck.dartmouth.edu to find out more about the program and how you can enroll. |
FROM Tuck Admissions Blog: Reflections on the 2016 HBS Energy & Environment Club Symposium |
By Estephany Ley Monarrez T’17 It all started with my “Early Riser” wake up sound at the cusp of dawn on a chilly Friday morning. As I lay warm in my bed, I couldn’t help but wonder what the CO2 equivalent impact of my nice heated room was on the environment, how much heat I was using to warm the water in my shower, and how much CO2 I was releasing out of my exhaust by driving down from Hanover to Boston in my fuel-inefficient car. I was particularly aware of my carbon footprint as I picked up two other high-powered women—Danielle Musa, a fellow T’17, and April Salas, the executive director of the Revers Center for Energy at Tuck. We drove past the orange, red, and yellow trees along the highway and at least felt good about carpooling (that totally counts, right?!). Before I go further, allow me to introduce myself—I am a 27-year-old woman from a small town in Mexico. I care about my country, its people, and the future. I believe energy will be a key resource, particularly in shaping the foundation of any economy around the world. Mexico’s energy reforms have attracted dominant energy players around the world in search of profit, but I, in true millennial fashion, search for social justice and sustainability (profit just happens to be a positive externality when you do the right thing). Enough about me, let’s talk about the visit to Boston. The conference was broken down in 3 tracks: Energy Finance, Technology & Innovation, and Policy Trends, all from 8:00 am – 5:00 pm. Ironically, the 8 a.m. speaker, Jim Robo, chair and CEO of NextEra Energy, could not make it because he was stranded in Florida right as Hurricane Matthew ran its course from Cape Canaveral to the Orlando area. Talk about evidence of global warming increasing the intensity of hurricanes (you can take it up with Professor Anant Sundaram from our Business & the Environment course for proper citation and documentation of that research). So I chose the Energy Finance track and started with the Innovations in Renewable Energy Finance panel, followed by the Private Equity: Agent of Change in New Energy Landscape, and finally ended with Dealmaking in the Downturn after a carb-filled power lunch and lots of coffee to get through it all. The first panel had five phenomenal speakers; Jeffrey Berman, CFA, managing director at BlackRock; Bryan Garcia, president and CEO of Connecticut Green Bank; P.J. Lee, co-founder and managing partner at EverStream Capital Management; Tom Murley, chair and senior adviser at Hg Capital; and Russell Tencer, founder and CEO of United Wind. I’m pretty sure I missed some details considering I do not have an engineering background, but after all the technical talk, I took away these five things:
The Private Equity: Agent of Change in New Energy Landscape panel was equally interesting, and included David Greenberg, managing director of Strategic Value Partners; Roger Huang, principal at CPP Investment Board; Eric Liaw, managing director at Blackstone Capital; Gerrit Nicholas, co-founder and managing partner at Orion Energy Partners; and Kate Richard, founder and CEO at Warwick Energy Group. I was particularly impressed with Kate Richard. She studied history with a focus on post-colonial theory in college and then went on to work for Goldman Sachs in private equity and natural resources IB in NYC, London, and Paris. Then she decided to start Warwick Energy Group and was named one of “20 under 40 in E&P Companies” by Oil and Gas Investor Magazine. No big deal. And no pressure, of course. This panel was special because the speakers focused on giving those of us interested in pursuing a career in energy a few key words of wisdom:
Finally, the third panel: The Promise and Challenges of Renewables in Emerging Markets with Jed Bailey, founder and managing Director of Energy Narrative; Raquel Bierzwinsky, partner at Chadbourne & Parke; James Bowen, co-founder and Partner at Vertex Energia; and Rohit Modi, CEO of Solar Business, Suzlon Energy. I was especially interested in this panel because the speakers shared first-hand accounts of energy projects in places similar to (and including) Mexico, the most beautiful country on earth. Here were the takeaways:
Conclusion: the industry is going down the right path. And hopefully I am too. After the final panel of the day we were invited to enjoy some refreshments at the networking happy hour. I took a chocolate chip oatmeal cookie for the road and contemplated the implications of my learnings on the two-hour drive back. (Photo above: Estephany Ley Monarrez {left} is joined by a group of fellow Tuckies at the 2016 HBS Energy & Environment Club Symposium.) The Revers Center for Energy inspires and shapes tomorrow's leaders in energy while engaging today's energy community. It aspires to establish Tuck as the preeminent business school for learning practical leadership in the energy industry. |
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