Fuqua School of Business
|Type||Private business school|
|Location||Durham, North Carolina, United States|
The Fuqua School of Business (pronounced //) 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), 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. Fuqua is currently the 8th ranked business school in the United States by Bloomberg BusinessWeek.
Formed in 1969, the Graduate School of Business Administration enrolled its first class of 20 students in 1970. 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.
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.
In September 2008, Fuqua launched an expansion initiative to establish offices in St. Petersburg, Russia; Dubai, United Arab Emirates; Shanghai/Kunshan, China; New Delhi, India; and London, England.
Admission to the Daytime MBA program is highly 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. Fuqua reports an 80% GMAT range of 640-740, with 40% international and 33% female students.
The school's faculty is organized into ten disciplines, including Accounting, Marketing, Decision Sciences, Economics, Finance, Management, Health Sector Management, Management Communication, Operations Management, and Strategy. The daytime MBA program offers concentrations in Marketing, Decision Sciences, Energy and Environment, Entrepreneurship and Innovation, Finance, Financial Analysis, Leadership and Ethics, Management, Operations Management, Social Entrepreneurship, and Strategy. The faculty was ranked No.1 in the US by BusinessWeek (Intellectual Capital) in 2010 and 2012.
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. Another notable faculty member is Dan Ariely, an Israeli-American professor of psychology and behavioral economics.
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, Sanford School of Public Policy, and the Duke University School of Nursing.
Research centers at The Fuqua School of Business further specific academic interests of the business school. Such research centers include:
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- 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.
- Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.
- 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.
- 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.
- 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.
The 2011 Forbes full-time MBA rankings indicated that Fuqua graduates achieved the 15th highest average salary following graduation for the class of 2013.
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.
For the graduating, full-time MBA Class of 2013, the top three hiring companies include: Deloitte (28 hires), Microsoft (12 hires), and Accenture(12 hires).
|Business school rankings|
|U.S. News & World Report||12|
The daytime MBA program at The Fuqua School of Business was ranked:
- 8th (U.S.) BusinessWeek 2015
- 12th (U.S.) Forbes 2015
- 12th (U.S.) U.S. News and World Report 2016
- 12th (U.S.) and 21st (World) Financial Times 2016
- 11th (U.S.) Poets&Quants 2015
- 13th (North America) QS Global 200 Business Schools Report 2015
- 12th (U.S.) The Vault's Ranking of Best Business Schools 2013
- 18th (U.S.) and 25th (World) The Economist 2014
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
- 2nd (World) University of Texas at Dallas Top 100 World Rankings of Business Schools Based on Research Contributions to academic journals in 2011
- 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
- 9th (U.S.) U.S. News and World Report 2011 - ranking of U.S. "Business Schools That Receive the Most Full-Time Applications"
- 14th in salary 3 years after graduation (U.S.) Financial Times 2014 
- 15th in salary 5 years after graduation (U.S.) Forbes 2013
- 14th in career salary (U.S.) Fortune Magazine/PoetsandQuants 2014
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
- 1st (World) BusinessWeek 2010 - for customized executive education programs
The Executive MBA program at The Fuqua School of Business was ranked:
- 4th (U.S.) U.S. News and World Report 2015
- 5th (World) Poets and Quants 2014
- 8th Financial Times 2014
- Harsha V. Agadi (M.B.A. 1987), CEO and Chairman, GHS Holdings; Former President and CEO, Church's Chicken, Friendly's
- John A. Allison IV (M.B.A. 1974), Head of the Cato Institute; Former Chairman and CEO, BB&T;
- Kerrii Anderson (Weekend Executive M.B.A. 1987), Former CEO and President, Wendy's International, Inc.;
- Kelvin Baggett, (M.B.A. 2006), Senior VP and Chief Clinical Officer, Tenet Healthcare Corporation
- Derek Bandeen (M.B.A. 1985, B.A. 1984), Managing Director, Citigroup Global Markets Ltd.
- Jack O. Bovender Jr. (M.H.A. 1969), Former Chairman and CEO, HCA;
- Jonathan Browning (Global Executive M.B.A. 1997) U.S. CEO, Volkswagen Group of America;
- Jessica Faye Carter (J.D. 2002, M.B.A. 2002), author, columnist, social media entrepreneur;
- Timothy D. Cook (M.B.A. 1988), CEO, Apple Inc.;
- Brian L. Derksen (M.B.A. 1978), Deputy Chief Executive Officer, Deloitte;
- Joe Euteneuer (Global Executive M.B.A.), CFO, Sprint Nextel;
- Thomas Finke (M.B.A. 1991), Chairman and CEO, Babson Capital Management;
- Thomas Fousse (M.B.A. 1994), Partner, The Carlyle Group
- Melinda Gates (A.B. 1986, M.B.A. 1987), Co-Founder of the Bill and Melinda Gates Foundation
- Pat Garrity, (M.B.A. 2011), former NBA basketball player; Director of Strategic Planning, Detroit Pistons
- David Gibbs, (M.B.A. 1988), CEO of Pizza Hut
- Hank Halter (M.B.A. 1993), CFO, Delta Air Lines;
- Brian Hamilton (M.B.A. 1990), Chairman, Sageworks;
- W. Bruce Johnson (B.A., J.D., M.B.A. 1977), Interim Chief Executive Officer and President, Sears Holdings Corporation;
- L. Kevin Kelly (M.B.A 1999), CEO of Heidrick & Struggles;
- Jeffrey Kip (M.B.A. 1999), CFO, IAC (company); Former CFO of Panera Bread;
- Michael Lamach (MS, Global Executive M.B.A. 2001), President, Chairman, and CEO, Ingersoll Rand;
- J. Richard Leaman III (B.A. 1984, M.B.A. 1986), Former Chairman and Global Head of Investment Banking, UBS;
- Felix Motta (M.B.A. 2001), General Manager, Inversiones, RFM, Inc.
- Ron Nicol (M.B.A. 1986), Senior Partner and Managing Director, Boston Consulting Group;
- John C. Pope (M.B.A. 1999), COO, O'Neill Wetsuit
- Mark Rampolla (M.B.A. 1997), Founder and CEO of ZICO Beverages
- Frank Riddick III (M.B.A. 1980), Former CEO, Formica Corporation;
- Mark Rosenbaum (M.B.A. 1987), Chief Financial Officer, MySpace;
- Ahmad Sharaf (Global Executive M.B.A. 2001); CEO, Dutco Energy
- Sam A. Solomon (M.B.A. 1992), President and CEO, Coleman Company;
- Joe Swedish (M.H.A. 1979), President and CEO, Anthem, Inc.
- Christian Van Thillo (M.B.A. 1989), CEO, De Persgroep
- Terry Thompson (M.B.A. 1999), COO of Mercer;
- John C. Walters (Weekend Executive M.B.A. 1994), President & COO, Hartford Life;
- Pamela J. White (M.B.A. 1988), CFO, Victoria's Secret;
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- "Fuqua School of Business". Executive MBA Profiles. Business Week. 21 November 2013.
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- "PhD Program - Fuqua School of Business". Duke University. Retrieved 31 March 2014.
- "MMS: Duke Kunshan University". Duke University. Retrieved 31 March 2014.
- "About the Fuqua School of Business". Duke University. Retrieved 31 March 2014.
- "Annual Report 1997/98" (PDF). The Fuqua School of Business. Retrieved 31 March 2014.
- Dan Ariely. NNDB.
- Badenhausen, Kurt (October 9, 2013). "Best Business Schools". Forbes.
- "Best Business Schools 2015". Bloomberg Businessweek. 2015. Retrieved 2016-02-06.
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- "Global MBA Ranking". Financial Times. 2016. Retrieved 2016-02-06.
- http://www.businessweek.com/bschools/rankings Cite error: Invalid
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- "Top 10 MBA programs in the U.S". CNN. December 8, 2011.
- "Top 25 MBA programs in the U.S". CNN. December 15, 2010.
- The Economist http://www.economist.com/whichmba/full-time-mba-ranking. Missing or empty
- http://www.princetonreview.com/DukeUniversityFuquaSchoolofBusiness.aspx. Missing or empty
- "Former BB&T CEO John Allison to lead Cato Institute".
- Forbes http://people.forbes.com/profile/hank-halter/122315. Missing or empty
- Forbes http://people.forbes.com/profile/frank-a-riddick/37912. Missing or empty
- "Sam Solomon's Route to the Coleman Company". The New York Times. October 23, 2010.