Recently, President Hanlon announced a plan to add a "4+1" program to Tuck by 2016. The program would tack on a year of business classes to the four years of an undergraduate education to earn a "Masters in Management" (MM or MiM) degree (hence, 4+1).
Along with "Who is Spain?", "Ho-ho beriberi," and "Balls," a good question to ask about the program is "What exactly is an MM and why is the College offering it?" First and foremost, an MM is not an MBA (Masters of Business Administration), which Tuck already offers. The MBA, which everyone knows and, presumably, loves, is the gold standard of postgraduate business education. It entails two years of classes in such pertinent fields as accounting, economics, management, and statistics, and there is much of a practical air about it. Its students often have a few years of business experience under their belts (their average age is about 28) and use that real-world knowledge in Tuck's myriad discussion classes. Importantly to employers, the MBA is a degree with a history reaching back to the late 1800s, with several accreditation bodies that specifically check each program for consistency and quality of instruction.