Andrew Tarica, BA,’82
When Andrew Tarica graduated from Northeastern in the early 1980s with a BS degree in business administration, the economy was in rough shape, and the Wall Street firms where he wanted to work were barely hiring. But after three co-ops in the financial sector and a stint at an accounting firm after graduation, Tarica was a strong candidate, and was hired into the training program at the investment bank Drexel Burnham.
This spring, when Tarica’s son Zachary graduated from Northeastern, the economy was again in rough shape. But Zachary received job offers from each of his three co-op employers, and in July will start at Deutsche Bank, working in the distressed-debt trading department.
“The success rate NU has in placing people is incredible,” says Andrew Tarica. “If the end of the game for college kids is to secure a career path, I don’t think there’s anyplace better than NU.”
Andrew Tarica now runs a hedge fund called Meadowbrook Capital Management with a colleague from his days at Drexel Burnham. Tarica hired a Northeastern student for a six-month co-op, and has persuaded friends at other companies to do the same. He points out that co-ops are not just a great way for a student to explore a company, but also for a company to test out a potential hire.
“I’m very familiar with the big firms’ recruiting practices. Every year they’ll hire 40 or 50 interns, and 25 are going to be gone within a year. But with co-op, they know exactly what they’re getting, because they’ve worked with the kids for six months,” he says.
As someone who has experienced the benefits of co-op himself and seen his child benefit as well, Tarica feels strongly that all Northeastern students should take advantage of the co-op program.
“NU co-op is probably the best program in the country, with the best starting salary and hiring rates. To go to NU and not do co-op is like bringing your own sandwich to a buffet in Las Vegas.”