Well, it appears as though Tuck will begin offering a degree other than the MBA at some point in the next couple years: http://poetsandquants.com/2014/01/09/tuck-to-offer-one-year-mim/
Thoughts?
I'm applying to Tuck this round, and the only good I can see coming out of this is if they make sure 80% or so of the class is attractive young females. I guess we'll have to wait and see...
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Seems like a cash cow for these schools. First Duke’s MiM, UVA’s Masters in Commerce, and now Ross’s and Northwestern’s new programs. Will probably lead to a future rise to applications for one-year programs.
I think these programs, along with the rise of GREs being accepted from b-school applicants, are a signal from companies that they want to diversity their employment group beyond the usual racial, ethnic, and gender categories. They realize that those with non-business academic backgrounds have a lot to offer. Alternatively, employers want their workers to have a fundamental business background, regardless of their role in the organization.
Good luck with Tuck – had a friend that just got back from a weekend there and put up some pretty crazy pictures of Facebook.
Yeah, the one year degree programs are really expanding. It makes sense because there are a lot of UG's who are looking to add some business education to their resume, but would not be a good fit in an MBA program. That and it is a great revenue generator.
I am also interested in the motivation for these schools. Obviously, they're a solid cash cow, but I like to assume that these schools (or at least Tuck, since I'm going there) have additional motivations.
For a place like Tuck, I generally assume a lot of their decisions are made to somehow overcome the location deficiency. I was talking to a friend that is at Tuck, and one thing he constantly said is that the school is very aware of its weaknesses, and is constantly looking for ways to turn location from a weakness to a strength. In this case, I wonder if their goal is to attract young, smart kids fro NESCAC/Ivies that don't have business degrees, and instill a loyalty to the school (something Tuck obviously does very well). In doing so, when these same, solid candidates apply to B-school in four years, you may be able to get a few more good candidates that would have gone elsewhere.
Don't know if that actually makes any sense, but was just something I thought of as another potential motivator. It also just builds a bigger alumni base to work with.
Anyone know where they're going to house 120 23-year-olds?
Are many of these new programs more similar to MSF as is more common in Europe? I've always thought about going back somewhere for a bit of a pedigree boost, however never really wanted to do MBA program and didn't see myself going across the Atlantic for a graduate degree.
Most are aimed at those with 0 to 1 year of work experience. I think some (Duke MMS maybe?) even cap it and say no more more than 2 years of post-college work experience.
im assuming graduates of this program would come in at the Analyst level similar to students coming out of Masters in Finance programs?
By the way, has anyone seen employment statistics out of these programs? Duke has one from c/o 2012, and it doesn’t look that great.
http://www.fuqua.duke.edu/documents/mba_recruiting/DukeMMSFinalEmployme…
Average salary for the class is 57k. Those going to financial services (33%) average $58k, and consulting (21%) is a dismal $50k. bleh. All big 4 + Accenture start those fresh out of undergrad entering consulting/advisory in the 60s.
Looking closer, it’s strange to me that Deloitte has no hires out of the class since at the MBA level, it’s well known that Duke loves Deloitte and Deloitte loves Duke. Yet McK, Bain, and BCG all have hires out of the program, which should boost the compensation figures.
I lost all respect for Tuck when a (now former) co-worker of mine was admitted to the MBA program with 2 years of work experience as a glorified assistant (he wasn't even an analyst--he was an assistant to the analysts)--and he was an incredibly mediocre employee at that. But he was a URM. I will never respect its MBA program as a result.
Eh, that's life though. You see this with the rest of the M7 schools, not just Tuck, as they sometimes have a tough time finding enough qualified URM applicants to fill the class. Ultra-qualified URMs will just go to HBS or Wharton.
You're right--that's how it works. And that's why Tuck does not have my respect.
Hot takes!
Damn I wish I was an URM!
Back to the topic at hand, I'm kind of sad that Tuck is doing this. Their main differentiation from the larger M7 Bschools was that they didn't offer these revenue generating half degrees / part time degrees, which added a sense of exclusivity to their small community of fur traders.
I understand that this degree is not supposed to be anything like an MBA experience, but I believe that they have every intention of marketing it like it is. Otherwise, the new degree would be offered at the Dr. Seuss' school of trading arts and crafts for money, not the Tuck school. Another issue I have with the degree is the concept that students have spent their undergrad years earning a degree that requires a crash course in accounting and econ to be successful. Why didn't these kids just drop into some business classes in their junior / senior years if they believed that it would be necessary for their future occupations?
Also, space is tight at Tuck. Unless these kids will be taking classes during happy hour, they will be spilling out of the windows of the already tight spaces of the school. I wonder how this will affect OCR.
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