The Career Development Office at the
Tuck School of Business has the hefty task of helping Dartmouth's 240 graduating MBAs get on the right job track each year. Assisted by about 50 full-time faculty, 96% of graduates looking for a job had an offer by the end of the summer. Similar trends are expected in 2006, says Richard McNulty, director of the CDO for the past three years.
Since taking the helm, McNulty has strived to hire strong people with relevant industry experience to focus on leadership development programs and raise awareness of Tuck with domestic and international employers. McNulty graduated from the University of Pennsylvania with dual degrees in economics and engineering. Throughout his career, which included several years in strategy consulting, he was also active in recruiting activities for top MBA programs. McNulty recently spoke with BusinessWeek Online project assistant Janie Ho. Here is an edited excerpt of their conversation:
How do starting salaries for this year's Tuck grads compare to recent years?
The class of 2005 saw average total compensation of almost $150,000, reflecting more than a 30% increase over the past two years. Across the board, companies are recruiting aggressively. This strong market demand will likely exert pressure to increase compensation.
What kinds of companies recruit at the Tuck School of Business?
More than 600 companies -- from Apple (
AAPL
) to Deutsche Bank, (
DB
) Starbucks (
SBUX
) and Novartis (
NVS
) -- have recruiting relationships with Tuck. About 50 consulting firms are looking to hire Tuckies this year. International U.S. bank offices in Asia are hiring Western educated MBAs to address Chinese markets. Ten percent of last year's graduating class joined private equity and hedge fund firms.
What trends do you see in the demand for MBAs this year?
We are seeing intense demand -- in the U.S. and abroad -- in strategy consulting, investment banking, private equity and real estate, consumer products and retail, asset management, technology, and private wealth management.
Where do students typically gain employment?
Tuck students find employment all around the world, including...
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