Dartmouth Tuck

The MBA Round 2 Advantage

The MBA Round 2 Advantage

It's the time of year where I start having the "Round 2 conversation" a lot with individual clients. Basically, the idea is that Round 2 might be offering a slight advantage, based on theories of market inefficiencies and so forth.  For years, the prevailing belief is that Round 1 is the best round to apply to business school. While there is no hard-core evidence to suggest otherwise, some common sense may point to a different result.

Ranking the Best MBA Programs for Pharmaceutical/ Biotech/ Healthcare Jobs (2015)

Ranking the Best MBA Programs for Pharmaceutical/ Biotech/ Healthcare Jobs (2015)

Entering 2015 school year, Duke Fuqua comes out on top when it comes to sending MBA graduates (as a percentage of all graduates in 2014) into the pharmaceutical, biotech and healthcare industries - 9% of its graduating class get jobs in these industries. Dartmouth Tuck, Wharton and MIT Sloan hold their own, coming in at 2nd, 3rd and 4th best.

Cognitive Bias and Tuck's 2014 Essays

Cognitive Bias and Tuck's 2014 Essays

Tuck released its new essays and they feature no changes to Essay 1, the removal of one word from Essay 2, and the cutting of their old Essay 3 (on setback/failure).  

No doubt everyone in this space will be analyzing those changes today (I am too), but my guess is they will come to incorrect conclusions in many cases.  There are a lot of reasons why people make incorrect determinations when analyzing changes, but much of it can be attributed to cognitive bias - everything from recency bias to bounded rationality to confirmation bias.  We tend to read things in one way and our flow of assumptions follows that set path.  I will explain what I mean with the context of each questions - but just be forewarned that this blog post serves two functions: an analysis of Tuck's questions, but also an attempt to figure out why people trip up and make errors in interpretation.  

Don't Apply Round 3 ... Until You Read This Post!

Don't Apply Round 3 ... Until You Read This Post!

The common myth surrounding Round 3 of the MBA application process is that you can't, or shouldn't, apply late in the admission cycle.  "The class is pretty much full" is one refrain.  "You have to be a truly unique applicant" is another.  "Only European programs admit people that late" is yet another. As with anything, there are bits of truth in these sound bites ... but only bits.

Tuck vs. Kellogg - Which MBA for entrepreneurial finance / private equity / venture capital?

Tuck vs. Kellogg - Which MBA for entrepreneurial finance / private equity / venture capital?

We all know that these jobs are hard to get no matter what school you go to.  For any "career switcher" out there, you are going to face the challenges anyone with a more finance-oriented background would have - except that a career switcher is going to face these issues on some order of magnitude that is higher and harder.  The factors below already take that into consideration.

Kellogg vs. Tuck for PE/VC - it's a toss up.