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FROM Tuck Admissions Blog: 4 Steps to Feeling Financially Prepared for an MBA



 Kristy Snow is an assistant director of financial aid at Tuck and has been a part of the team for 17 years.  She is the webmaster for the Financial Aid Office (FAO) website, prepares literature, and works on special projects. She also participates in awarding and packaging of financial aid and performs the federal verification process.  Joining her in the FAO are Director of Financial Aid, Diane Bonin, who has been here for 16 years, and Financial Aid Counselor, Sandy Belisle, who has been at Tuck for 12.  They adhere to an “open door” policy and are happy to help students during any point throughout their time at Tuck. 

An MBA is a big financial investment.  The task of borrowing funds to cover the cost of education is daunting.  The most common question we hear from applicants is “What should I be doing now?” It’s never too early to start planning for your MBA.  I encourage you to:


  • Save, save, save!  Make a budget and stick to it.  Take advantage of online resources available to you like those at Mapping Your Future.


  • Request your free credit report.  If there are any discrepancies, you will want to take care of them as soon as possible.  It could be a lengthy process.  The better your credit score, the lower your interest rates will be on private educational loans.


  • Pay down your consumer debt.  Keep all of your debt obligations current including student loans.  Most student loans can be deferred once you are enrolled in school full-time.


  • Begin researching outside scholarships.  We have put together a comprehensive guide to help you begin your search.


The return on investment is tremendous personally, professionally, and financially.  At Tuck, we have several funding options available for all of our students.  We will help you find the best combination of loans for your personal situation whether they are institutional, federal and/or private.  We also offer no-cosigner loan options for international students.

The financial aid industry is constantly changing.  Our office is your best resource for the most current information.  Every financial situation is different.  We will work with you one on one to answer your questions.  

With the average starting salary up 2.5%, our students have the ability to pay back their loans.  Tuck has one of the lowest default rates in the country.  Don’t let financing your education stand in your way of becoming a part of the Tuck community!
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FROM Tuck Admissions Blog: How B-School Taught Me to Value the other “F-Word”


By Kiley Winsnes T'16


Kiley is a first-year student at Tuck. Before arriving in Hanover, she was living in stunning San Francisco and working for an integration software company. Originally from Chicago, Kiley spent her formative years in Seattle before chasing the California sunshine for her undergraduate degree in economics and religious studies. After Tuck, she hopes to get a job that combines two of her passions: fitness and technology. Outside of the classroom, Kiley enjoys running, road biking, writing, and the beverages of her two home cities: coffee and wine. Kiley can be contacted at [email protected]. Follow her on Twitter at @kileywins.

Disclaimer: This post might be slightly contentious because it's about my least favorite F-word. No, not that one (those who know me well know I've fully embraced that one already). It's about ... feminism.

Tuck hosts a conference every year for Women in Business (WIB). Spanning a weekend in October, WIB serves as a good opportunity for female prospective students to visit and get a sense for life here in Hanover, as well as attend some female-centric educational sessions. More about this soon, but first I’d like to give some context for my thoughts on feminism in general.

I grew up with some pretty kick-butt female (and male) mentors. My parents, grandparents, teachers, coaches, etc. all instilled in me the same kind of pride and confidence—the kind that had nothing to do whatsoever with my gender. I was taught I was awesome. As a human. Not as a girl.

Later, at the all-girls' middle-high school I attended, this message was ingrained even more deeply. It's easy to ignore gender when there's only one around; and that's exactly what we did. We were smart, talented, driven people. It didn't matter we all happened to be female.

So, when I hear about events, campaigns, etc. like the WIB conference, my innate reaction is one of disdain. My thoughts tend to come back to: "Why the heck would we need a ‘Women in Business’ conference? It's not like they have a 'Men in Business' conference." The focus on gender, it seemed to me, only served to further separate the sexes—not equalize them. We—men and women—should be worried about being good employees, not about being good female employees.

Now, a little more back story.

When I began applying to MBA programs, I remember a to-be-unnamed individual (let's call him "that guy") responding to the news by saying "Oh, awesome! You're a woman, so that should help." You can imagine my reaction. I was going to get into school because of my accomplishments, not because of the chromosomes my egg/sperm combination happened to express. 

The thing is, he was right.

Being a woman does help an applicant get into MBA programs, because so few women are applying to business schools. The numbers are mixed but they all indicate one thing: women aren't getting their MBAs at the same rate as men.

As more companies push to hire women, business schools are right behind them, filling the classroom to reflect what we'll experience in offices. Ergo: more women. And without the applications from females, the math gets pretty easy: per-applicant, women may have a better chance of getting into a specific program.

The important realization, for me, was that this doesn't mean being a woman makes it easier to get into grad school. It means I'm an even bigger BA. It means female MBA students have overcome greater odds to even apply, much less attend, a top program. So was "that guy" right? Yep, sure was. Am I still mad about it? Not at all.

So, now that I'm here, I'm starting to get comfortable with the emphasis on women in business. We are statistic anomalies. No matter how incredible and empowering my upbringing was, the fact that I've always felt equal to men doesn't mean that all women feel that way; and that's a problem. So, until every girl feels the way I did growing up (namely, that she can do absolutely ANYTHING she wants), we, as ambitious, educated women, have a responsibility to do what we can to equalize those numbers.

Now, back to WIB. The conference was a jam-packed weekend for prospective students, featuring panel presentations by alumni and current students, interactive sessions (like improv comedy, which was amazing), and, my personal favorite, a seminar on Gender Intelligence. The seminar focused on the science of gender differences. Because—are you sitting down? Good. As it turns out, men and women are different. Biologically. Physiologically. Evolutionarily. Starting a few weeks into fetal development, we split paths; our brains and bodies develop differently, because for hundreds of generations, we’ve needed them to. The presenter, Jill Beresford, who is an accomplished businesswoman, walked us through the research in the (still fairly new) field of gender intelligence, and the ways scientific differences between men and women can take form in the workplace. For example, did you know that men hear men’s and women’s voices in different regions of their brains? Or that women’s brains, even unstimulated, are never at rest—a stark contrast to men, who are much more capable of “shutting off” their minds.

Jill did a fantastic job of keeping the presentation focused purely on the facts. Gender differences can obviously be a contentious topic (the fact that men’s brains tend to be bigger in volume is always a … conversation starter), but she continually brought the conversation back to the science. It was a refreshing take on an age-old debate.

Overall, WIB was an awesome showing of some very successful, talented women. I still feel pretty weird about the word "feminism" (I actually just made a face typing it. I clearly still have some work to do.), but I'm trying to recondition myself. It doesn't mean I've changed my opinion that gender shouldn't factor into the equation when determining someone's worth, especially as an employee. It means I have to do what I can to make sure I'm not the outlier in having that opinion. We all do.

A few more articles in case this topic is of interest to you:

"Women in Business Schools: Why So Few?"

"7 Shocking Discoveries from Harvard Business School's Attempt to Improve Gender Inequality" (a personal favorite)

"Will Harvard Ever Have an MBA Class with 50 Percent Women?"

(Photo above of WIB conference by Laura DeCapua)
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Did the interview last monday through Skype. It was a great experience, pretty straightforward in terms of questions, although a little less conversational than I expected. Overall, I think I did a good job. We will knoe next month!
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FROM Tuck Admissions Blog: What Every Tuck Student Should Know about the Career Development Office



Jonathan Masland is director of Tuck’s Career Development Office (CDO). Stephen Pidgeon T’07 is an associate director of the CDO and author of the books How to Get a Job in Consulting and Case Interviews for Beginners.

 

Question: What should every Tuck student know about the CDO?

Stephen Pidgeon: We hope they know everything about the CDO, but one thing that might not be obvious is that we’ve seen students come through on many different career paths. Whether you have an esoteric or traditional career goal, we’ve probably already worked with students in the past who were wrestling with the same issues, talking with the same alumni, and learning about the same companies.

Jonathan Masland: Definitely. No matter where you want to go professionally, we have industry-expert career coaches who can really share in-depth information about what it’s like to work in a particular industry, what recruiters are looking for, what recruiters are really thinking about, and, of course, how to effectively pursue jobs.

SP: A good question to ask us is “who’s taken this path before me?” so we can connect you with an alum who’s already taken this journey. He or she can then share the research they did, the companies they considered, and what they learned along the way.

JM: We also want to stress that, as their industry priorities evolve, students can work with multiple members of the coaching team, too. A personal relationship forms between students and members of our team. As we get to know you, we can understand and support your needs better.

SP: We all took this job because we want to help students and alumni. Don’t think that you’re being a burden or a bother whenever you need to get in touch with us, whether it’s to ask for help or just to talk through something. We are here—and happy—to help you.

JM: How we work with you will evolve over the two years as your job search progresses. For example, we might start out by providing you with information and contacts to support your initial search. Then, we could assist with all your preparation, everything from reviewing your resume and cover letter to doing mock interviews and helping you decide between different opportunities. Once you graduate, we’re also on-hand to support you as you make career transitions, too. No matter where you are professionally, we will be your biggest cheerleader and will ultimately celebrate your success.
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FROM Tuck Admissions Blog: A Successful Internship Search



By Isaac Ipson T'15


Isaac is in his second year at Tuck and is loving his life in Hanover with his wife and two sons (one and 3 years old). As an undergrad, Isaac studied economics and took a two year break to serve a two-year mission for his church in Poland. Immediately before Tuck, he worked in Chicago for Sears Holdings. He intends to head to Dallas after graduation to work for the company with which he interned, DaVita Healthcare Partners.

As a current Tuck admissions interviewer, I ask prospective students often about what they hope to do after Tuck. I remember thinking this through and being asked the same question myself two years ago. Nonetheless, I came to campus last fall with much less of an idea of where I wanted to go than most of the prospectives I talk with each week. My career exploration and internship search at Tuck helped me figure this out exactly the way I hoped they would.

While I didn’t know exactly what I wanted to do, I knew there were a few things I didn’t want to do: consulting or investment banking—two very popular career paths that also happen to require a lot of dedicated, structured preparation early on campus. Making that decision early enabled me to really look at every company or industry of interest that came to campus, as well as reach out to other companies that I was excited about. I found early in the process that there wasn’t one industry alone that interested me. I compared certain aspects between industries such as culture, specific post-MBA program/roles, how MBAs were utilized within the organization, and location. In a way, this made the search harder because I could never narrow my search down to something simple like tech, health care, or brand management. Instead, I interviewed with companies in each of these industries and others and got a better sense of which opportunities I was most excited about at each step of the process (company briefings, preparing my cover letters, chatting with alumni there, first and second round interviews, etc.).

Fairly early in the process, two of the companies that I was most excited about had company briefings on campus, but otherwise had an off-campus recruiting process. I did all I could to stay connected with these companies through the winter and into the interview season, mostly through Tuck alumni that worked there. Unfortunately for me, they were both slower than I would have liked in their process and I went through other interviews with the hope that they would offer me an interview before I had to accept or decline other internships. When I reached out to one of these companies, DaVita Healthcare Partners, to inquire on their timeline once again, I was actually informed that they were likely done recruiting for interns for the year. At that point, I decided to hold out for my other top choice (we'll call it "Company A") as long as I could and accept one of my on-campus opportunities if it didn't work out.

This is where things worked out very serendipitously for me. It turned out that the company I determined would be the best option for me did not require a decision to be made by a certain date. In other words, I could decline my other offers and still hold out for as long as needed for "Company A," even if they took an extra month . . . which of course they did. I was happy to wait though. And as luck would have it, DaVita reached back out to me for an interview the same week as my interview with Company A. So in the end, holding out for an offer from Company A allowed me to not only interview with them, but with both of my top choices all along.

I’ll spare you more of the details, but I hope this demonstrates that things don’t always work out exactly like you expect them to, but they definitely work out—and almost always very well. In my case, they worked better than I ever expected in the fall. I accepted an offer from DaVita and had a fantastic summer. It was exactly what I wanted.

While the process included some stress, some disappointment, and more interviews I would ever like to have had in a single month again, I learned a ton about what I really wanted through the process. From my own recruiting experience alone, I can attest to the strength of the on-campus opportunities here, the strength of Tuck alumni, the support of the Career Development Office, and the value in really exploring a lot of different career paths.

(Photo above: View from my desk this summer in downtown Denver.)
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Hi everyone,

I applied to Tuck in the EA round and was invited to interview. I had my (skype) interview on the 17th and it was a pretty good experience. As someone mentioned already it wasn't as conversational as I had expected. My interviewer was a second year student and he asked questions (typical questions I found mentioned here as well as elsewhere), took notes and offered to answer any of mine at the end as well as offered to answer some in the future if I had any. He seemed very nice and it felt kind of easy-going. Overall definitely good!

I would like to ask one question if I may (I'm new to this forum so please point me in the right direction if I'm asking something that's already been answered). Does anyone know whether there are some statistics regarding the acceptance rate of those who have been invited to interview to Tuck as opposed to those who chose to interview themselves? (the wait is soooo bad)

Thanks and good luck everyone!
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FROM Tuck Admissions Blog: Tuck’s Electives and Fellowship Opportunities Make Learning Practical



By Deirdre Garrahan T’15


Deirdre Garrahan is a second-year at Tuck. She originally hails from Northern Virginia, is a proud alumna of Wellesley College, and has work experience ranging from working at an investment bank to founding a nonprofit. To relax, she plays on the Tuck soccer and tripod hockey teams, enjoys dinner parties, and cheers on the Red Sox.

I remember working business school applications, trying to make a connection between the courses offered and my personal passions and career goals. Sometimes, that process was difficult. However, at Tuck, there are so many ways that learning is practical and tailored to your interests!

After coming out of a summer internship in management consulting, I wanted to further develop skillsets that would support my continued success. My goal was to work on three things this semester: financial statement analysis, articulating a clear voice, and team problem-solving.

Financial Statement Analysis (coming alive!)

Okay, I know that looking at financials sounds a little dry, but at Tuck I’ve seen this material come alive through, for example, the elective FRSA (Financial Reporting and Statement Analysis) taught by professor Robert Howell, the David T. McLaughlin D'54, T'55 Distinguished Visiting Professor of Business Administration. FRSA explores the assumptions used in the financial analysis through case studies and discussions. It’s very practical, and shows what can drive different valuations.

In addition, I’ve been fortunate to see how these different perspectives actually play out. I’m a Revers Board fellow this year, sitting on the board of a local nonprofit. As part of this experience, I sit on the finance committee. The committee includes many retired prominent business leaders who held very senior financial positions. The same type of discussion from class—looking at projected cash flows or ratios—come up, and I can see exactly how they influence discussions and decisions.

Articulating a clear voice (what’s my world view?)

In my application to Tuck, one of the courses I mentioned was Leadership Outside the Box by Associate Professor of Business Administration Ella Bell Smith. Attending this elective now, I’ve been challenged to look at my personal journey (all those ups and downs) and look for patterns and choices I have made. This has given me insight into my personal decision-making process, which has affected my outlook on jobs and other opportunities.

Likewise, in Signal Companies’ Professor of Management Matt Slaughter's Leadership in a Global Economy course, he challenges us to put our personal voice (or “teachable point of view”) into the major issues affecting the global economy and current events. This class has also encouraged lively discussions with classmates (and other friends or family) outside of class. This course has become a way of life rather than just a course to take.

Team Problem-Solving (value creation and actors matter)

My final elective this fall was Negotiations with visiting Associate Professor of Business Administration Judith White. The fully immersive class includes practicing negotiating not only as individuals, but also as groups to seek value for yourself and also find out how to collaboratively create value for everyone. I’m finding the group negotiating especially helpful and realistic to real life, where people have different incentives, alliances, and influence. It provides an opportunity to take risks, use different styles, and debrief with classmates afterward.

I’m also researching how negotiations play out in the workplace. As part of being a Center for Global Business and Government fellow, I’m currently working with two other students and senior fellow Curt Welling to analyze General Electric’s proposed acquisition of Alstom last spring. We are looking at a range of different actors (firms, governments, analysts) and their motivations. Ultimately, we are working on a larger global mergers and acquisition framework to use on other cases too.

Conclusion: Reaching my goal

As the semester drew to a close, I was so excited to see how I’ve transformed in such a short amount of time. I’ve made significant progress in deepening my financial analysis, articulating a clear voice, and team problem-solving. The adventure has included both electives and fellowships, all integrated into an incredibly practical learning experience!

I can’t wait until the next semester begins …

(Photo above of Ella Bell Smith done by Laura DeCapua)
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Hi everyone,

I applied to Tuck in the EA round and was invited to interview. I had my (skype) interview on the 17th and it was a pretty good experience. As someone mentioned already it wasn't as conversational as I had expected. My interviewer was a second year student and he asked questions (typical questions I found mentioned here as well as elsewhere), took notes and offered to answer any of mine at the end as well as offered to answer some in the future if I had any. He seemed very nice and it felt kind of easy-going. Overall definitely good!

I would like to ask one question if I may (I'm new to this forum so please point me in the right direction if I'm asking something that's already been answered). Does anyone know whether there are some statistics regarding the acceptance rate of those who have been invited to interview to Tuck as opposed to those who chose to interview themselves? (the wait is soooo bad)

Thanks and good luck everyone!

I think it's hard to come up with a number for that because some people that self-initiate interviews would have received interviews even if they didn't. While some wouldn't.

This is what someone said a few pages back. It comes out to about 25% total, but I'd guess that those that are invited to interview have a higher chance.

Quote:
I think about 2000 people get interviewed, either self-initiated or invited. They sent out 500+ admits last year. So that is a 1 in 4 chance I guess! Suddenly I feel more hopeful!
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Thank you bml. I thought it would be the case as I couldn't find anything anywhere, but I wasn't sure...

I will hope and put on my waiting shoes :)
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Hi,

Have the interview invites been rolled out for applications submitted in the Early Action Round? If not, can someone tell me the tentative date that they are supposed to come out?

Can a Skype interview be scheduled for international applicants without an invite to interview?
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Hi,

Have the interview invites been rolled out for applications submitted in the Early Action Round? If not, can someone tell me the tentative date that they are supposed to come out?

Can a Skype interview be scheduled for international applicants without an invite to interview?

International EA applicant here. From the reading I have done previously, the invites are staggered and may be sent up to a week before the decision day for the round (which is 18 Dec for EA). In my case, I got an interview invite 2 weeks ago - about the same time some of the other forumers got it.

I think it is not possible to initiate a Skype interview based on what I read here: https://www.tuck.dartmouth.edu/admissions/connect-with-us/visitinterview

Good luck!
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This wait is awful.

My EA app status is still submitted. Never changed to complete. We are still saying this is normal?
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FROM Tuck Admissions Blog: 6 Ways to Connect with Tuck before January 6


In honor of the approaching January 6, 2015 application deadline, we thought we'd share six opportunities to get to know Tuck over the next 41 days. Even if you've done your due diligence and are certain you would be a great fit, there's always something new to learn. Try one or try all, we look forward to getting to know you!


  • December 2, 2014 - Join Associate Director of Admissions, Kristin Roth at 12pm ET on Beat the GMAT for a live Q&A. She'll also offer tips on what you should you keep in mind as you plan to hit submit.


  • December 3, 2014 - Director of Admissions, Dawna Clarke will take over Tuck's Facebook page for an Ask Me Anything (AMA) event. As soon as we post a welcome to the Facebook wall, you can comment below with questions about Tuck's application process, MBA program, and community. Dawna will be live from 12-1pm ET, but will respond to questions posted at other times of the day as well.  


  • December 4, 2014 - Tuck's Women in Business Club and Senior Associate Director for Women's Recruiting Initiatives Pat Harrison, will host an online chat for women interested in Tuck. If you haven't already, check out this webinar from WIB President Lindsey Windham who shares her experience as an MBA applicant and a student at Tuck.  Her non-traditional path highlights the myriad ways students arrive at Tuck, and the takeaways she offers provide an insider view on overcoming obstacles, the importance of a supportive community, and the vast opportunities a Tuck MBA can provide.


  • December 2014 - Register to have a cup of coffee with a current Tuck student, right in your hometown. As the Tuckies disperse for winter break, they look forward to relaxing, travelling, and sharing their first-hand experience as a Tuck student. We continuously add events, so return to the Attend an Event page often.


  • Ongoing - We're all about access here at Tuck, from the time you're a prospective student, throughout your two years in Hanover, and into your career as a Tuck alum. Tuck Connections allows you to make a personal, one-on-one connection. After filling out a brief form, the program pairs prospective students with a Tuck student or an alum who has a similar background. This gives you the chance to ask questions about the Tuck experience from the people who know it best.


  • Now - January 30, 2015 - Initiate a visit and interview! Ok, so this one is for you to get to know Tuck and for us to get to know you. Not only is scheduling an interview in Hanover the only way you can guarantee yourself the chance to share your story with an admissions associate, but while you're here you can attend an actual first-year class, have lunch with students, tour the campus, and participate in Q&A with an admissions officer. Visiting a school is one of the best ways to know whether an MBA program is the right fit for you.  For those applying on January 6, the deadline to complete an applicant initiated interview is January 30. Make sure you register soon...spots fill quickly!


Finally, keep reading this blog.  Technically this makes seven opportunities to get to know Tuck, but since you're already here, we're counting it as a reminder! As the name implies, the Tuck 360: MBA Blog brings you a 360 degree view of Tuck. From Admissions to the Career Development Office and students to alumni, it offers an insider view into all aspects of life as a Tuckie.

We hope you take advantage of these opportunities to get to know us, and we look forward to getting to know you on January 6! 
This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB
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stesa
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Cubsfan87
This wait is awful.

My EA app status is still submitted. Never changed to complete. We are still saying this is normal?

Hi Cubsfan87, my app status says "submitted" too. However under the submission date there is a line which tells me the time stamp of when my app was completed. You should also have received an email confirmation advising that your app has been completed.

FYI, looks something like this:
APPLICATION STATUS: SUBMITTED
Submitted Date: XX/X/2014 X:XX:00 AM EST
Your application was completed on XX/X/2014 X:XX:00 AM

My advice would be to reach out to Admissions if you do not see the app completed.
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bml1105
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Just found out I need to take a flight for a holiday dinner on decision day. What if they call during those 90 minutes in the air?? Cue the most stressful plane ride of my life :(
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sticks02
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I have a conference the entire week. Talk about stressful. I can't be answering my phone during lectures! Best of luck!
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bml1105
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sticks02
I have a conference the entire week. Talk about stressful. I can't be answering my phone during lectures! Best of luck!

Ok you win!! :-D
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