Fuqua School of Business
The Fuqua School of Business is the business school of Duke University in Durham, North Carolina, United States. It currently enrolls 1,340 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, Master of Management Studies: Foundations of Business, Master of Management in Clinical Informatics (MMCi), 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), a one-year Master of Management Studies program in Kunshan, China (starting) 2012 and a Ph.D. program. Additionally, Duke Executive Education and Duke Corporate Education offer non-degree business education and professional development programs.
History
Formed in 1969, the graduate school 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.[2]
In September 2008, Fuqua launched an expansion initiative to establish campuses in St. Petersburg, Russia; Dubai, UAE; Kunshan, China;[3] New Delhi, India; and London, UK.
In 2012, 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
Admission to the Daytime MBA program is very competitive. For the Class of 2012, 24% of all applicants were accepted.[4] Fuqua enrolls a highly diverse class (e.g. for the class of 2012, 39% of the class are international students and 30% of the class are women[5]). The average GMAT score for the most recent incoming class was 697.[1]
Academics
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.[7]
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.[8]
Joint Degrees
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.[9][10][11]:
Research Centers
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.[12][13][14]
- Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.[15][16][17]
- Emergent Consumer Markets Initiative (ECMI) – Part of Fuqua's Center for Consumer Goods, ECMI aims to conduct and nurture academic research on the marketing of consumer goods in economies characterized by rapid growth in consumption and industrialization.[18]
- Duke/Synovate Center for Shopper Insights – A second arm of Fuqua's Center for Consumer Goods, the Duke/Synovate Center for Shopper Insights focuses on advancing research in shopper decision making, identifying ways to create demand generation through the shopping experience, and providing an integrated view of consumer and shopper marketing.[19][20][21]
- Center for Technology, Entertainment and Media (CTEM) – CTEM prepares next-generation leaders for emergent technology-related challenges and opportunities and assists organizations in creating competitive advantages within the industries of technology, entertainment, and media through the expertise of industry decision-makers and academic thought leaders.[22][23][24]
- 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.[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]
Honor Code
Some research shows that students studying business describe themselves as being academically dishonest more often than students pursuing other types of degrees.[38] To address such concerns, the school instituted an extensive honor code.[39] 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.[40][41] 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.[42]
Careers
The 2011 Forbes full-time MBA rankings indicated that Fuqua graduates achieved the 12th highest average salary following graduation for the class of 2010.[43]
For the graduating, full-time MBA Class of 2011, the top three hiring companies include: Deloitte (33 hires), McKinsey & Co. (16 hires), and The Boston Consulting Group (14 hires).[44]
Rankings
Daytime MBA
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 within the intellectual capital category by BusinessWeek in 2010[7]
- 2nd in the world by University of Texas at Dallas Top 100 World Rankings of Business Schools Based on Research in 2010[52]
- 6th "Toughest To Get Into" and 10th for "Best Classroom Experience" in the U.S. by Princeton Review, The 2010 Edition: The Best 301 Business Schools[53]
- 10th in the U.S. News and World Report ranking of U.S. "Business Schools That Receive the Most Full-Time Applications" in 2011[54]
- 12th in the U.S. by Forbes in 2011 based on ROI[43][55]
Corporate Education
Duke Corporate Education, a carve-out of the Executive Education program at The Fuqua School of Business, was ranked:
- 1st in the world by the Financial Times in 2011 for its customized non-degree executive education programs[56]
- 1st in the world by BusinessWeek in 2010 for its customized executive education programs[57]
Executive MBA
The Executive MBA program at The Fuqua School of Business was ranked:
Notable alumni
- Harsha V. Agadi (M.B.A. 1987), CEO and Chairman, Friendly's; Former President and CEO, Church's Chicken;
- John A. Allison IV (M.B.A. 1974), Chairman (and Former CEO), BB&T;
- Kerrii Anderson (Weekend Executive M.B.A. 1987), Former CEO and President, Wendy's International, Inc.;[63]
- 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.;
- Thomas Finke (M.B.A. 1991), Chairman and CEO, Babson Capital Management;[64]
- Lennie Friedman, NFL football player
- Melinda Gates (A.B. 1986, M.B.A. 1987), Co-Founder of the Bill and Melinda Gates Foundation, wife of Bill Gates;
- Eric E. Haas (M.S., M.B.A. 1993), CEO of Altruist Financial Advisors LLC;[65]
- Hank Halter (M.B.A. 1993), CFO of Delta Air Lines;[66]
- W. Bruce Johnson (B.A., J.D., M.B.A. 1977), Interim Chief Executive Officer and President, Sears Holdings Corporation;
- Timothy Kasbe (M.B.A. 2000), Chief Information Officer, Intrexon;[67]
- L. Kevin Kelly (M.B.A 1999), CEO of Heidrick and Struggles;[68]
- Jeffrey Kip (M.B.A. 1999), CFO of Panera Bread;[69]
- Michael Lamach (MS, Global Executive M.B.A. 2001), President, Chairman, and CEO, Ingersoll Rand;[70]
- J. Richard Leaman III (B.A. 1984, M.B.A. 1986), Former Chairman and Global Head of Investment Banking, UBS;[71]
- Ron Nicol (M.B.A. 1986), Senior Partner and Managing Director, Boston Consulting Group;[72]
- John C. Pope (M.B.A. 1999), COO, O'Neill Wetsuit[73]
- Frank Riddick III (M.B.A. 1980), Former CEO, Formica Corporation;[74]
- Mark Rosenbaum (M.B.A. 1987), Chief Financial Officer, MySpace;[75]
- Dr. Phil Schubert (Cross Continent M.B.A. 2006), President, Abilene Christian University;
- Ahmad Sharaf (Global Executive M.B.A. 2001), Chairman, Dubai Mercantile Exchange (DME);[76]
- Malvinder Mohan Singh (M.B.A. 1998), Chairman, Religare Enterprises Limited, currently shares the title as 15th richest man in India;[77]
- Shivinder Mohan Singh (M.B.A. 2000), Managing Director, Fortis Healthcare Limited, currently shares the title as 15th richest man in India;[77]
- Sam A. Solomon (M.B.A. 1992), President and CEO, Coleman Company;[78]
- Terry Thompson (M.B.A. 1999), COO of Mercer;[79]
- John C. Walters (Weekend Executive M.B.A. 1994), President & COO, Hartford Life;[80]
- Pamela J. White (M.B.A. 1988), CFO, Victoria's Secret;[81]
See also
References
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External links