Fuqua School of Business

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Fuqua School of Business
Duke-Logo-Fuqua.png
TypePrivate business school
Established1969 (1969)
Parent institution
Duke University
Endowment$267 million (2015)[1]
DeanWilliam Boulding
Postgraduates861 full time MBA[2]
503 executive MBA[3]
130 MMS:FOB[4]
78[5]
LocationDurham, North Carolina, United States
Websitewww.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 Weekend Executive MBA, the Master of Quantitative Management, the Master of Management Studies: Foundations of Business, Master of Management Studies: Duke Kunshan University (starting in fall 2014[6]), 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 3rd ranked business school in the United States by Bloomberg BusinessWeek.

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.[7] 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.[8]

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.[9]

In September 2008, Fuqua launched an expansion initiative to establish offices in St. Petersburg, Russia; Dubai, United Arab Emirates; Shanghai/Kunshan, China;[10] New Delhi, India; and London, England.

Admissions[edit]

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

For the Daytime MBA Class of 2019, 11% of 3,796 applicants were accepted to fill a class of 439; the median GMAT score was 710.[11] Fuqua reports an 80% GMAT range of 660-750, with 39% international and 34% female students.[11]

Academics[edit]

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.[12][13]

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.[14] Another notable faculty member is Dan Ariely, an Israeli-American professor of psychology and behavioral economics.[15]

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, Sanford School of Public Policy, and the Duke University School of Nursing.[16][17][18]

Careers[edit]

The 2011 Forbes full-time MBA rankings indicated that Fuqua graduates achieved the 15th highest average salary following graduation for the class of 2013.[19]

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.[20]

For the graduating, full-time MBA Class of 2015, the top five hiring companies include: McKinsey (24 hires), Deloitte (21 hires), Microsoft (19 hires), BCG (17 hires), and Amazon (15 hires).[21]

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.[22][23][24]
  • Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.[25][26][27]
  • 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.[28][29][30]
  • 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.[31][32][33]
  • 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.[34][35][36][37]

Buildings[edit]

Fuqua School of Business spans several buildings. [38] They include:

  • Thomas F. Keller Center has several classrooms and support offices and was named for former Dean Thomas F. Keller.
  • Wesley Alexander Magat Academic Center was built in 1999. The majority of faculty offices and smaller meeting rooms are located here.
  • Lafe P. and Rita D. Fox Student Center has a student lounge, dining facilities, student communications center, and additional office space.
  • Breeden Hall was named in honor of Dean Douglas Breeden and his wife Josie. It was built in 2008 and holds classrooms and auditoriums, the Ford Library, team rooms, meeting space, and MBA admissions and operations offices.
  • JB Duke Hotel opened in 2017 and includes the R. David Thomas Executive Conference Center, and guest rooms and suites.

Rankings[edit]

Business school rankings
Worldwide overall
U.S. News & World Report[39] 13
Worldwide MBA
Business Insider[40] 12
Economist[41] 13
Financial Times[42] 19
U.S. MBA
Bloomberg Businessweek[43] 3
Forbes[44] 12
U.S. News & World Report[45] 11
Vault[46] 9

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[53]
  • 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[54]
  • 9th (U.S.) U.S. News and World Report 2011 - ranking of U.S. "Business Schools That Receive the Most Full-Time Applications"[55]
  • 14th in salary 3 years after graduation (U.S.) Financial Times 2014 [56]
  • 15th in salary 5 years after graduation (U.S.) Forbes 2013[57]
  • 14th in career salary (U.S.) Fortune Magazine/PoetsandQuants 2014[58]
  • 20th (Worldwide) for social and environmental impact by Corporate Knights magazine.[59]

Corporate Education[edit]

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

Executive MBA[edit]

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

Notable alumni[edit]

Tim Cook, CEO, Apple Inc.
Lennie Friedman, NFL player
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