Jun 2019
Summer Student — Tuck Business Bridge Program
A 4-week immersive business program at Dartmouth's Tuck School of Business.
Dartmouth College · Summer 2019
I developed a foundation in business analytics through a 4-week immersive program taught by MBA faculty at the Tuck School of Business. Collaborating with four others for the duration of the program, I developed strong teamwork skills. Early on, the team won a program-wide MarkStrat simulation — increasing market share by 33% and revenue by $372M.
Coursework included: Accounting · Business Communications · Corporate Finance · Entrepreneurship · Ethics · Managerial Economics · Marketing · Organizational Behavior · Reverse Innovation · Spreadsheet Modeling · Strategy
Capstone project — Caterpillar Inc (NYSE: CAT)
Applied classroom learning to a team-based business analysis of Caterpillar Inc. The team synthesized the company's historical financial data and researched its qualitative position to derive a DCF valuation and acquisition recommendation.
| Key assumptions | |
|---|---|
| Tax rate | 19% |
| Beta | 1.51 |
| Terminal growth rate | 2% |
| Terminal forecast year | 2029 |
| Expenses decrease annually | 0.1% |
| Key calculations | |
|---|---|
| MRP | 5% |
| WACC | 6.1% |
| Equity value | $90B |
We asserted CAT had an optimistic price target of $193 and a pessimistic target of $129. Positioned for strong long-term growth, we found CAT should be valued at $160 per share — 21% above its price at the time.
I took the initiative to research and analyze trends in the construction industry to determine Caterpillar's competitive advantage, creatively integrating the analysis with technology and business goals. The project culminated in a well-received 20-minute presentation for faculty and industry executives.