Tuck School of Business

Tuck School of Business at Dartmouth
Type Private business school
Established January 19, 1900[1]
Parent institution
 Dartmouth College
Endowment $282 million
Chairman Christopher J. Williams T’84
Dean Matthew J. Slaughter
Academic staff
 54 full-time[2]
Students 560[3]
Location Hanover, New Hampshire, United States
Website tuck.dartmouth.edu

The Tuck School of Business at Dartmouth is the graduate business school of Dartmouth College in Hanover, New Hampshire, in the United States. Tuck is one of six Ivy league business schools. Founded in 1900, Tuck was the first institution to offer a master's degree in the field of business administration.[4]

Tuck Hall

Tuck is known for its tight-knit community, loyal alumni and residential character and the school places a great deal of emphasis on these attributes. Tuck touts its distinct experience, ability to provide deep personal development and opportunities to build bonds with classmates and faculty. Tuck students number around 560, the smallest student population among elite business schools. Tuck has a full-time faculty of 54, all of whom teach in the MBA Program.[5] Tuck has over 9,600 living alumni in a variety of fields, and the school claims to have the most supportive alumni network, with the highest rate of alumni donation of any business school, at greater than 70%.[6]

History

Amos Tuck, the namesake of the Tuck School

At the turn of the 20th century, Dartmouth College president William Jewett Tucker decided to explore the possibility of establishing a school of business to educate the growing number of Dartmouth alumni entering the commercial world.[7] Turning to his former roommate from his undergraduate years at Dartmouth, Tucker enlisted the support of Edward Tuck, who had since become a wealthy banker and philanthropist.[8] Tuck donated $300,000 in the form of preferred stock shares in a Minnesota railroad company as the capital to found the school. It was named the Amos Tuck School of Administration and Finance, after Edward Tuck's father and Dartmouth alumnus Amos Tuck.[8]

The new school's annual tuition was $100 for the few students who enrolled in the first year; graduates of the two-year program received a Master of Commercial Science degree (MCS).[1][8] The curriculum involved both traditional liberal arts fields as well as economic and finance education.[7] Undergraduate professors taught most of the first-year courses, while outside guest instructors and businesspeople educated students in their second years.[7][8] As the nation's first graduate school of business, the Tuck School's emphasis on a broad education in general management was adopted by many other emerging business schools, and was dubbed the "Tuck Pattern".[7][8]

In the late 1920s, Dartmouth president Ernest Martin Hopkins sought to unify the Tuck School by establishing a central campus, uniting the school's academic and residential facilities. Edward Tuck, then an aged man living in France, donated an additional $570,000 for the effort.[8] Using primarily his funds, four new buildings were constructed in 1929 on the west side of Dartmouth's campus.[8][9]

In 1942, the school's name changed to the Amos Tuck School of Business Administration, and in 1953, the degree program changed to the modern Master of Business Administration (MBA). Until the late 1950s and early 1960s, the Tuck School catered primarily to Dartmouth students, accepting undergraduates during their third year.[8] Under Dean Karl Hill (1957–1960), Tuck shifted its focus to soliciting a national student body. The resulting expansion under Dean John Hennessey (1968–1976) in the late 1960s saw additional growth of the campus with the construction of a new dormitory (1969) and the Murdough Center (1973), which contains the Feldberg Business and Engineering Library. Under Deans Richard West (1976–1983), Colin Blaydon (1983–1990) and Paul Danos (1995-2015), the school's curriculum and faculty expanded extensively, and applications increased by one-third.[8] Since the late 1980s, Tuck has continued to expand in student body and faculty size, and has seen the establishment of four new campus buildings as well as several research centers and nondegree business programs.[1]

Campus

New Halls

The Tuck School is located on the campus of Dartmouth College, which is situated in the rural, Upper Connecticut River Valley, New England town of Hanover, New Hampshire. The campus of the Tuck School sits in a complex on the west side of Dartmouth's campus, near the Connecticut River.[10] Shortly after being founded in 1900, Tuck was housed in a single building facing the Green at the center of the campus;[11] in 1930, the institution moved into Stell, Chase, Tuck, and Woodbury Halls in its present location along the Tuck Mall.[9][12][13][14] Today, these original structures serve as four of Tuck's 11 academic and administrative buildings.[10]

Tuck emphasizes its residential character, describing residential life as "a foundation of the Tuck culture" and crediting it as "a reason that Tuck alumni are among the most loyal of all the business schools in the world."[10][15] Tuck's isolated location has been described as an "image problem" for attracting successful applicants and faculty to its rural campus,[16] although some students cite the school's relatively insular character as a positive trait for fostering intimacy and friendship.[17]

Tuck has three residential facilities: Whittemore Hall (constructed 2000), Achtmeyer Hall (constructed 2008) and Pineau-Valencienne (constructed 2008). The newer residence halls and Raether Hall are part of the Tuck Living and Learning Complex, which houses 85 additional students as well as classrooms and study space. At a total cost of $27.2 million, the Tuck LLC was completed in December 2008.[18] The Tuck School shares the Murdough Center (containing the Feldberg Business and Engineering Library) with the adjacent Thayer School of Engineering.[19] The Tuck campus is serviced by Byrne Hall, a dining facility operated by Dartmouth Dining Services.[20]

Buchanan Hall (constructed 1968) was renovated in 2009 to convert it from a student residence hall to a combined faculty research facility and executive residence. Over the next 5 years, Tuck plans to add up to 10 new full-time faculty members and Buchanan Hall will house the added offices.[21]

Academics

Interior

The Tuck School offers a two-year, full-time Master of Business Administration (MBA). First-year MBA students at Tuck undertake a rigorous 32-week core curriculum in general management and a specialized First Year Project.[2][22][23] During their second year, students take 12 elective courses and design their own focused field of study.[24][25]

The school stresses a collaborative and teamwork-based approach to learning, which it touts as one of its assets for "building the interpersonal skills required for business leadership."[15] In 2015, Tuck introduced TuckGO, a set of experiential courses that take place in various countries. Each student must participate in at least one such course in a country that is new to them.

Students seeking other degrees can engage in one of seven dual-degree or joint-degree programs offered in conjunction with other academic institutions. Dual degrees include an MBA/Master of Arts in Law and Diplomacy from The Fletcher School of Law and Diplomacy at Tufts University, an MBA/Master of Public Affairs from the John F. Kennedy School of Government at Harvard University, an MBA/Master of Studies in Environmental Law from the Vermont Law School, and an MBA/Master of Arts from the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University. Joint degrees include a Doctor of Medicine/MBA from Dartmouth Medical School, a Master of Public Health/MBA from Dartmouth's Center for the Evaluative Clinical Sciences, and a Master of Engineering Management/MBA from Dartmouth's Thayer School of Engineering.[26]

The school also offers a variety of second-year exchange programs at other institutions such as the Handelshochschule Leipzig in Germany, the HEC School of Management and the ESSEC Business School in Paris, IESE Business School in Barcelona, IE Business School in Madrid, and the London Business School.[27]

In addition to the MBA program, the school also offers an array of Tuck Executive Education Programs and other non-degree programs, such as the Tuck Business Bridge Program for competitive current and recent university undergraduates, and the Leadership Education and Development (LEAD) program for high school students.[5]

Organization and Research

The Feldberg Business and Engineering Library

Like the undergraduate portion of Dartmouth College, the Tuck School operates on a quarter system.[28] As part of the larger institution, the Tuck School is ultimately administered by Dartmouth's President and Board of Trustees. The school is directly managed by a Dean (currently Matthew J. Slaughter) who is advised by a Board of Overseers that was established in 1951.[29]

Faculty are grouped in one or more of six academic areas: accounting, finance, economics, marketing, operations and management science, and strategy and management.[30] Tuck is also home to research centers that organize research in different fields of business administration. The centers are meant to promote faculty research, establish liaisons between the Tuck School and the corporate world, and sponsor programs for Tuck as a whole; MBA students are occasionally invited to participate as fellows and research associates.[31] The six research centers are the Center for Business & Society, the Center for Corporate Governance, the Center for Digital Strategies, The Center for Global Business & Government, the Center for Leadership and the Center for Private Equity and Entrepreneurship.[31] Tuck also has initiatives that enable students to explore careers in healthcare, energy, and entrepreneurship.

Together with ESSEC Business School in France and Singapore, Keio University Business School in Tokyo, the School of Management of Fudan University in Shanghai, the Fundação Getúlio Vargas in Brazil and the Business School of the University of Mannheim in Germany, Tuck forged an alliance of leading business schools from all parts of the world in 2010 called "Council on Business & Society".

MBA Program

Admissions and reputation

Business school rankings
U.S. MBA
Bloomberg Businessweek[32] 14
Forbes[33] 5
QS (North America)[34] 24
U.S. News & World Report[35] 8
Vault.com[36] 7
Worldwide MBA
América Economía[37] 11
Business Insider[38] 8
CNN Expansion[39] 9
Economist[40] 3
Financial Times[41] 22

The Tuck School of Business at Dartmouth is a highly reputed business school and is one of a handful of core recruiting schools for some of the world's most selective firms such as McKinsey & Company. The school is consistently ranked among the top MBA programs, both nationally and internationally. In 2011, it was ranked first internationally among full-time programs and was ranked second in 2012 and 2013 by [42] The Economist. For the second year in a row, Tuck ranked #1 in terms of professional development and educational experience. The Wall Street Journal[43] and Forbes[44] have each ranked Tuck first in recent years (2007). Currently, Tuck is ranked ninth by U.S. News & World Report,[45][46] 22nd by the Financial Times (2013),[47] and fifth by Forbes.[48] In the Financial Times most recent aggregated "ranking of rankings" of US business schools Tuck ranked #2.

According to U.S. News & World Report, Tuck is one of the most selective MBA programs in the world, with a 17.9% acceptance rate.[49] Applicants to the Tuck School come from many different backgrounds and institutions and are evaluated based on undergraduate academic performance, Graduate Management Admission Test (GMAT) standardized test scores, English test scores for international applicants, essays, 2 letters of recommendation, written applications, and interviews, if applicable. Prior work and real-world experience and success is also considered in evaluating potential candidates.[2][50] 2,276 applicants applied for approximately 240 slots in the class of 2009. For the class of 2015, the average GMAT score of students was 718, the average age was 28 and the average undergraduate grade point average (GPA) of American students was 3.5.[51]

Student Profile

Tuck students typically number around 560 and are divided in two classes. International students make up about 32% of the student body.[3][15][16] The school has growing percentages of women (42%) and minorities (20%). In the past as has been the case with many business schools the student body makeup has been criticized as a weakness by students who desire more diversity in the school.[3][17][52] Tuck has tried to address these shortcomings by offering additional scholarships to minority applicants and by promoting such programs as the annual Tuck Diversity Conference and participation in the Forté Foundation for women in business.[16][53][54]

Like many other business schools, Tuck encourages its students to have post-undergraduate work experience before applying to the MBA program.[55][56] The average incoming student has five years of full-time work experience, and the average student age is 28, ranging from 23 to 35 years.[3][52]

People

Alumni

Tuck claims the highest percentage of alumni donors of any business school in the world.[57] It is the only business school in BusinessWeek's study of American business schools to have at least 60% of its alumni contribute to their alma mater's annual funds, with over 70% making donations.[57] The most popular career industries for graduates are management consulting and finance, with graduates' total annual compensation averaging $183,000.[58]

Alumni of Tuck's MBA program who are prominent in business include:

In education, David T. McLaughlin T'55 served as the president of Dartmouth College,[63] and Robert Witt T'65 as the president of the University of Alabama.[64]

Other notable alumni include:

Alumni of Tuck's Executive Training program include:

Faculty

As of the 2015–2016 school year, the Tuck School employs 54 full-time faculty members and currently maintains a student-faculty ratio of 9:1.[2][52] Among Tuck's notable professors and instructors are Professor of Economics Andrew Bernard, Professor of Marketing Kevin Lane Keller, Professor of Finance Kenneth French, Professor of International Economics Matthew J. Slaughter, Professor of International Business Vijay Govindarajan, and Professor of Strategic Management Richard D'Aveni.[71] Former faculty include industrial efficiency pioneer Frederick Winslow Taylor,[72] marketing professor Brian Wansink,[73] and Michael Jensen, who taught as a visiting scholar.[74] Notably, investment banker Paul D. Paganucci taught at the Tuck School from 1972 to 1986.

See also

References

  1. 1 2 3 "About Tuck: Tuck History Timeline". Tuck School of Business. Retrieved 2007-11-08.
  2. 1 2 3 4 "About Tuck - Quick Facts". Tuck School of Business. Archived from the original on 2007-10-24. Retrieved 2007-11-06.
  3. 1 2 3 4 "Tuck 2015 Class Profile".
  4. ↑ Meacham, Scott. "Business Education History". Dartmo.com: The Buildings of Dartmouth College. Retrieved 2007-11-09.
  5. 1 2 "About Tuck". Tuck School of Business. Retrieved 2013-09-05.
  6. ↑ Dartmouth College: Tuck School of Business - Full-Time MBA Profile. Businessweek. Retrieved on 2014-04-12.
  7. 1 2 3 4 Hill, Karl A. (December 1961). "The Amos Tuck School of Business Administration: Its Origin and Present Program". Journal of Higher Education. pp. 473–479. Retrieved 2007-11-08.
  8. 1 2 3 4 5 6 7 8 9 "About Tuck: Our History". Tuck School of Business. Archived from the original on 2007-05-24. Retrieved 2007-11-08.
  9. 1 2 "Tuck Hall (II)". Dartmo.: The Buildings of Dartmouth College. Retrieved 2007-10-02.
  10. 1 2 3 "Our Campus". Tuck School of Business. Archived from the original on 2007-11-01. Retrieved 2007-11-06.
  11. ↑ "McNutt Hall". Dartmo.: The Buildings of Dartmouth College. Retrieved 2007-11-06.
  12. ↑ "Chase House". Dartmo.: The Buildings of Dartmouth College. Retrieved 2007-10-02.
  13. ↑ "Stell Hall". Dartmo.: The Buildings of Dartmouth College. Retrieved 2007-10-02.
  14. ↑ "Woodbury House". Dartmo.: The Buildings of Dartmouth College. Retrieved 2007-10-02.
  15. 1 2 3 "About Tuck: Our Strategy". Tuck School of Business. Archived from the original on 2007-05-24. Retrieved 2007-11-08.
  16. 1 2 3 Alsop, Ronald (2003). "Dartmouth's Tuck School Keeps Challengers at Bay". CareerJournal.com: The Wall Street Journal Executive Career Site. Retrieved 2007-11-08.
  17. 1 2 "What Tuck Students Say About... Student Life and Environment". The Princeton Review. Archived from the original on January 23, 2008. Retrieved 2007-11-10.
  18. ↑ "Tuck School Living and Learning Complex". Office of Planning, Design and Construction. Retrieved 2007-10-03.
  19. ↑ "About Tuck - Murdough Center". Tuck School of Business. Archived from the original on November 5, 2007. Retrieved 2007-11-06.
  20. ↑ "Dining Locations - Byrne Hall". Dartmouth Dining Services. Archived from the original on November 1, 2007. Retrieved 2007-11-06.
  21. ↑ "Buchanan Hall Renovation", Office of Planning, Design and Construction, April 4, 2009, accessed January 17, 2011.
  22. ↑ "The Tuck MBA - Academics". Tuck School of Business. Archived from the original on 2007-10-27. Retrieved 2007-11-06.
  23. ↑ "First-Year Courses". Tuck School of Business. Retrieved 2007-11-06.
  24. ↑ "What Tuck Students Say About... Academics". The Princeton Review. Archived from the original on April 8, 2005. Retrieved 2007-11-10.
  25. ↑ "Special Interests". Tuck School of Business. Archived from the original on 2007-10-24. Retrieved 2007-11-06.
  26. ↑ "Joint & Dual Degrees". Tuck School of Business. Archived from the original on 2007-10-23. Retrieved 2007-11-06.
  27. ↑ "Exchange Programs". Tuck School of Business. Retrieved 2007-11-06.
  28. ↑ "Academic Calendar". Tuck School of Business. Archived from the original on 2007-10-31. Retrieved 2007-11-06.
  29. ↑ "Board of Overseers". Tuck School of Business. Archived from the original on 2007-11-05. Retrieved 2007-11-06.
  30. ↑ "Academic Areas". Tuck School of Business. Archived from the original on 2007-11-03. Retrieved 2007-11-06.
  31. 1 2 "Research Centers". Tuck School of Business. Archived from the original on 2007-11-01. Retrieved 2007-11-06.
  32. ↑ "Best Business Schools 2015". Bloomberg Businessweek. 2015. Retrieved 2016-02-06.
  33. ↑ "The Best Business Schools". Forbes. 2015. Retrieved 2016-02-06.
  34. ↑ "TopMBA Global 200 Business Schools Report". Quacquarelli Symonds. 2015. Retrieved 2015-01-25.
  35. ↑ "Best Business Schools". U.S. News & World Report. 2015. Retrieved 2016-02-06.
  36. ↑ "Best Business Schools". Vault.com. 2015. Retrieved 2016-02-09.
  37. ↑ "MBA Global Ranking". América Economía. 2015. Retrieved 2016-02-06.
  38. ↑ "The 50 best business schools in the world". Business Insider. 2015. Retrieved 2016-02-06.
  39. ↑ "Ranking:Los Mejores MBA en el mundo". CNN Expansion. 2015. Retrieved 2016-02-06.
  40. ↑ "Full time MBA ranking". Economist. 2015. Retrieved 2016-02-06.
  41. ↑ "Global MBA Ranking". Financial Times. 2016. Retrieved 2016-02-06.
  42. ↑ "Which MBA?". The Economist. 2011-10-15. Retrieved 14 October 2011.
  43. ↑ "National Ranking". MBA Center. CareerJournal.com: The Wall Street Journal Executive Career Site. Retrieved 2007-11-06.
  44. ↑ "Best Business Schools". Forbes. 2007-08-16. Retrieved 2007-11-06.
  45. ↑ Bergengruen, Vera (2008-04-01). "Tuck is no. 9 in U.S. News graduate rankings". The Dartmouth. Retrieved 2008-04-01.
  46. ↑ "Best Business Schools". US News and World Report. Retrieved 14 October 2011.
  47. ↑ "Financial Times 2008 American MBA Rankings" (PDF). Financial Times. Retrieved 2008-02-01.
  48. ↑ The Best Business Schools Of 2015 - The Ranking Of MBA Rankings. Forbes. Retrieved on 2016-03-01.
  49. ↑ 10 Business Schools With the Lowest Acceptance Rates. US News. Retrieved on 2014-04-12.
  50. ↑ "Evaluation Criteria". Tuck School of Business. Retrieved 2007-11-06.
  51. ↑ "Tuck School of Business". Tuck. 2013-10-01. Retrieved 2014-01-01.
  52. 1 2 3 "Dartmouth College: Tuck School of Business Facts and Figures". Tuck School of Business. Retrieved 2013-09-05.
  53. ↑ "Life at Tuck: Diversity". Tuck School of Business. Retrieved 2007-11-11.
  54. ↑ "Life at Tuck: Women". Tuck School of Business. Archived from the original on 2007-11-03. Retrieved 2007-11-11.
  55. ↑ "Work Experience". mba.com. Archived from the original on October 17, 2007. Retrieved 2007-11-08.
  56. ↑ "Tuck Admissions: FAQs". Tuck School of Business. Retrieved 2007-11-08.
  57. 1 2 "World record: two of every three Tuck alumni give back". Tuck School News. 2007-07-05. Archived from the original on 2007-10-14. Retrieved 2007-07-09.
  58. ↑ http://www.tuck.dartmouth.edu/uploads/content/2013_employ_report.pdf
  59. ↑ nytimes.com
  60. ↑ "Seoul Train: Director Bios". PBS. Retrieved 2007-08-22.
  61. ↑ "Peter R. Dolan T'80". Tuck Alumni Profiles. Archived from the original on 2006-09-07. Retrieved 2006-12-10.
  62. ↑ Research and Education Association (1996). Rea's Authoritative Guide to the Top 100 Business Schools. ISBN 0-87891-747-0.
  63. ↑ Adams, Roland; Laurel Stavis (2004-08-26). "In Memoriam: David T. McLaughlin, President Emeritus of Dartmouth College (1932-2004)". Dartmouth News. Retrieved 2006-12-10.
  64. ↑ "Academic Vita of Dr. Robert E. Witt". The Office of the President at the University of Alabama. Retrieved 2006-12-10.
  65. ↑ "Entrepreneurship Club Members". Tuck School of Business. Archived from the original on May 2, 2007. Retrieved 2007-11-06.
  66. ↑ "Moderator Bio". NetSAP. Archived from the original on 2007-08-14. Retrieved 2007-08-22.
  67. ↑ "Herman T. Schneebeli". Biographical Directory of the United States Congress. Retrieved 2007-08-22.
  68. ↑ "Descanso Gardens Appoints New Executive Director". Pasadena Living. Retrieved 2007-08-22.
  69. ↑ "Janet L. Robinson". New York Times Company. Archived from the original on 2007-07-09. Retrieved 2007-08-22.
  70. ↑ "James Schiro" (PDF). Zurich Financial Services. Retrieved 2009-06-01.
  71. ↑ "Faculty Directory". Tuck School of Business. Retrieved 2007-11-06.
  72. ↑ "Richard A. D'Aveni On Changing the Conversation: Tuck and the Field of Strategy". Tuck School of Business. Archived from the original on 2007-08-04. Retrieved 2007-11-22.
  73. ↑ "About Us: Food and Brand Lab". Cornell University Food and Brand Lab. Retrieved 2015-03-06.
  74. ↑ "Biography of Professor Michael Jensen". European Corporate Governance Institute. Retrieved 2007-08-22.

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