Fuqua School of Business

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Fuqua School of Business
Duke-Logo-Fuqua.png
Established 1969 (1969)
Type Private business school
Dean Bill Boulding
Postgraduates 861 full time MBA[1]
503 executive MBA[2]
Doctoral students 78[3]
Location Durham, North Carolina, United States
Affiliations Duke University
Website www.fuqua.duke.edu

The Fuqua School of Business (pronounced /ˈfjkwə/) is the business school of Duke University in Durham, North Carolina, United States. It currently enrolls more than 1,300 students in degree-seeking programs. These programs include the Daytime Master of Business Administration (MBA), the Global Executive MBA, the Cross Continent MBA, the Weekend Executive MBA, the Master of Management Studies: Foundations of Business, Master of Management Studies: Duke Kunshan University (starting in fall 2014[4]), Master of Management Studies (in partnership with the Seoul National University), joint degree programs (including joint degrees in medicine, law, environmental management, forestry, public policy, and nursing), and a Ph.D. program. Additionally, Duke Executive Education offers non-degree business education and professional development programs.

History[edit]

Breeden Hall, The Fuqua School of Business

Formed in 1969, the Graduate School of Business Administration enrolled its first class of 20 students in 1970.[5] In 1974, Thomas F. Keller, a 1953 Duke graduate, became the graduate school's new dean. In three years, Keller's capital campaign raised $24 million, $10 million of which came from businessman and philanthropist J.B. Fuqua. The graduate school's name was then changed to The Fuqua School of Business.[6]

J.B. Fuqua was raised by his grandparents on a tobacco farm in Prince Edward County, Virginia. Fuqua began his relationship with Duke University when he borrowed books by mail from the Duke library. J.B. Fuqua's cumulative giving to Duke was nearly $40 million at the time of his death on April 5, 2006.[7]

In September 2008, Fuqua launched an expansion initiative to establish campuses in St. Petersburg, Russia; Dubai, United Arab Emirates; Shanghai/Kunshan, China;[8] New Delhi, India; and London, England.

In 2014, Fuqua starts a one-year Master of Management Studies program that splits time between Fuqua's main campus in Durham, NC, and a new study location in Kunshan, China.

Admissions[edit]

A Bust of J.B. Fuqua in the Hall of Flags at the Fuqua School of Business

Admission to the Daytime MBA program is competitive. For the Class of 2014, 27% of 3,161 applicants were accepted to fill a class of 432; the average GMAT score was 697.[9] Fuqua reports an 80% GMAT range of 640-740, with 40% international and 33% female students.[10]

Academics[edit]

The school's faculty is organized into ten disciplines, including Accounting, Decision Sciences, Economics, Finance, Management, Health Sector Management, Management Communication, Marketing, Operations Management, and Strategy. The daytime MBA program offers concentrations in Decision Sciences, Energy and Environment, Entrepreneurship and Innovation, Finance, Financial Analysis, Leadership and Ethics, Management, Marketing, Operations Management, Social Entrepreneurship, and Strategy. The faculty was ranked No.1 in the US by BusinessWeek (Intellectual Capital) in 2010 and 2012.[11][12]

While working at Duke University, former Professor Robert E. Whaley developed the Chicago Board Options Exchange Volatility Index (ticker symbol: VIX), a measure of the implied market volatility.[13]

Joint Degrees[edit]

Fox Student Center

The Duke MBA offers several joint degree programs in conjunction with other highly respected graduate and professional programs at Duke. These programs allow students to earn two degrees in less time than if they pursued the two separately.

Joint degrees offered with Duke University School of Medicine, Duke University School of Law, Nicholas School of the Environment and Earth Sciences, Nicholas School of the Environment and Earth Sciences, Terry Sanford Institute of Public Policy, and the Duke University School of Nursing.:[14][15][16]

Research Centers[edit]

Research centers at The Fuqua School of Business further specific academic interests of the business school. Such research centers include:

  • The Fuqua/Coach K Center of Leadership & Ethics (COLE) – COLE was established as a collaboration between Fuqua, Duke Athletics and The Kenan Institute for Ethics to advance leadership through research and education.[17][18][19]
  • Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.[20][21][22]
  • The Center for International Business Education and Research (CIBER) – Duke's CIBER incorporates international content into Fuqua courses, hosts workshops and conferences and promotes international research. It is also the lead research center involved in the Offshoring Research Network, an international network that studies the offshore sourcing of business processes and services.[23][24][25]
  • Center of Entrepreneurship and Innovation (CEI) – Fuqua created this center to advance scholarship in the areas of entrepreneurship and innovation, with the goal of creating one of the top environments for students interested in entrepreneurship.[26][27][28]
  • Center for Energy, Development and the Global Environment (EDGE) – EDGE pursues education, research, and outreach focusing on two primary topical areas: Global Energy and Corporate Sustainability. Through education, research, and engagement, EDGE identifies the most promising pathways toward a sustainable energy system and economy, works with leading firms to drive these innovations across their value chains, and helps seed the partnerships that can accelerate these transformations.[29][30][31]
  • Center for Financial Excellence- The Center for Financial Excellence supports financial research and education at Duke, with particular emphasis on strengthening relationships between faculty, students, and finance professionals.[32][33][34][35]

Honor Code[edit]

Bridge to R. David Thomas Center

Some research shows that students studying business describe themselves as being academically dishonest more often than students pursuing other types of degrees.[36] To address such concerns, the school instituted an extensive honor code.[37] At the end of the 2006–2007 academic year, Fuqua initiated a disciplinary action that was taken against 34 of the school's first-year MBA students — almost 10% of the school's 2008 class — for cheating on an open-book, take-home final exam.[38][39] The Fuqua Judicial Board ruled in late April 2007 that 9 students should be expelled and 15 students receive a one-year suspension and a failing grade in the course. Nine others received a failing grade in the course and one student received a failing grade on an exam. All convictions and penalties were upheld by the school's appeals committee.[40]

Careers[edit]

The 2011 Forbes full-time MBA rankings indicated that Fuqua graduates achieved the 12th highest average salary following graduation for the class of 2010.[41]

The 2013 Financial Times ranking indicated that of the MBAs graduating in 2009, Fuqua graduates achieved the 14th highest salary in the United States, and the 20th highest salary worldwide, three years after graduation.[42]

For the graduating, full-time MBA Class of 2012, the top three hiring companies include: Deloitte (30 hires), McKinsey & Co. (18 hires), and The Boston Consulting Group (12 hires).[43]

Rankings[edit]

Business School Ranking
U.S. MBA
Bloomberg Businessweek[44] 6
Forbes[45] 10
U.S. News & World Report[46] 14
Worldwide MBA
Business Insider[47] 5
Financial Times[48] 17

Daytime MBA[edit]

The daytime MBA program at The Fuqua School of Business was ranked:

The daytime MBA program at The Fuqua School of Business also has the following rankings based on each respective category:

  • 1st (U.S.) BusinessWeek 2012 - within the intellectual capital category[49]
  • 2nd (World) University of Texas at Dallas Top 100 World Rankings of Business Schools Based on Research Contributions to academic journals in 2011[56]
  • 5th (U.S.) "Toughest To Get Into" and 10th (U.S.) for "Best Classroom Experience" Princeton Review, The 2010 Edition: The Best 301 Business Schools[57]
  • 9th (U.S.) U.S. News and World Report 2011 - ranking of U.S. "Business Schools That Receive the Most Full-Time Applications"[58]
  • 10th (U.S.) Forbes 2011 - based on ROI[41][59]

Corporate Education[edit]

Duke Corporate Education, a carve-out of the Executive Education program at The Fuqua School of Business, was ranked:

  • 1st (World) Financial Times 2011 - for customized non-degree executive education programs[60]
  • 1st (World) BusinessWeek 2010 - for customized executive education programs[61]

Executive MBA[edit]

The Executive MBA program at The Fuqua School of Business was ranked:

Notable alumni[edit]

Tim Cook, CEO, Apple Inc.
Melinda Gates, Co-Founder of the Bill and Melinda Gates Foundation

See also[edit]

References[edit]

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External links[edit]

Coordinates: 35°59′57″N 78°56′50″W / 35.9992°N 78.9471°W / 35.9992; -78.9471