Fuqua School of Business

Fuqua School of Business
Type Private business school
Established 1969 (1969)
Parent institution
 Duke University
Dean Bill Boulding
Postgraduates

861 full time MBA[1]
503 executive MBA[2]

130 MMS:FOB[3]
78[4]
Location Durham, North Carolina, United States
Website www.fuqua.duke.edu

The Fuqua School of Business (pronounced /ˈfjuːkwə/) 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[5]), 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. Fuqua is currently the 8th ranked business school in the United States by Bloomberg BusinessWeek.

History

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.[6] 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.[7]

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.[8]

In September 2008, Fuqua launched an expansion initiative to establish campuses in St. Petersburg, Russia; Dubai, United Arab Emirates; Shanghai/Kunshan, China;[9] New Delhi, India; and London, England.

Admissions

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

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.[10] Fuqua reports an 80% GMAT range of 640-740, with 40% international and 33% female students.[11]

Academics

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

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]

Research Centers

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

Honor Code

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.[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] 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.[41]

Careers

The 2011 Forbes full-time MBA rankings indicated that Fuqua graduates achieved the 15th highest average salary following graduation for the class of 2013.[42]

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.[43]

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).[44]

Rankings

Business School Ranking
U.S. MBA
Bloomberg Businessweek[45] 8
Forbes[46] 12
QS (North America)[47] 13
U.S. News & World Report[48] 13
Vault.com[49] 11
Worldwide MBA
América Economía[50] 5
Business Insider[51] 13
CNN Expansion[52] 11
Economist[53] 20
Financial Times[54] 21

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:

Corporate Education

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

Executive MBA

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

Notable alumni

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

See also

References

  1. ↑ "Duke University (Fuqua)". U.S. News & World Report. Retrieved 31 March 2014.
  2. ↑ "Fuqua School of Business". Executive MBA Profiles. Business Week. 21 November 2013.
  3. ↑ "Duke University (Fuqua)". Fuqua.
  4. ↑ "PhD Program - Fuqua School of Business". Duke University. Retrieved 31 March 2014.
  5. ↑ "MMS: Duke Kunshan University". Duke University. Retrieved 31 March 2014.
  6. ↑ "About the Fuqua School of Business". Duke University. Retrieved 31 March 2014.
  7. ↑ "Annual Report 1997/98" (PDF). The Fuqua School of Business. Retrieved 31 March 2014.
  8. ↑ http://www.fuqua.duke.edu/about/leadership/jb_fuqua/
  9. ↑ http://www.dukenews.duke.edu/2010/01/kunshan.html
  10. ↑ http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/fuqua.html
  11. ↑ http://www.fuqua.duke.edu/daytime-mba/student-life/class-statistics/
  12. ↑ http://www.businessweek.com/interactive_reports/bs_2010_US_FTMBA_TAB_1111.html
  13. ↑ http://www.businessweek.com/articles/2012-11-15/the-complete-2012-business-schools-ranking#r=nav-f-graphic
  14. ↑ http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1296743
  15. ↑ Dan Ariely. NNDB.
  16. ↑ http://www.fuqua.duke.edu/programs/other_programs/joint_degree_programs/
  17. ↑ https://www.vault.com/images/pdf/samples/Fuqua%20School%20of%20Business.pdf
  18. ↑ http://www.maxxassociates.com/casestudies.pdf
  19. ↑ http://dukechronicle.com/article/fuqua-creates-coach-k-ethics-center
  20. ↑ http://www.alisonlevine.com/Leadership/coach_k_center/
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  22. ↑ https://www.facebook.com/pages/Center-for-the-Advancement-of-Social-Entrepreneurship-at-Duke-University/21635307861
  23. ↑ http://www.impactalliance.org/ev_en.php?ID=22738_201&ID2=DO_TOPIC
  24. ↑ http://www.justmeans.com/5-Great-MBA-Programs-for-Social-Entrepreneurship/26644.html
  25. ↑ Offshoring Research Network
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  31. ↑ http://today.duke.edu/2010/09/EDGE.html
  32. ↑ http://dukechronicle.com/article/fuqua-launches-initiative-address-global-energy-demand
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  41. ↑ http://dukechronicle.com/article/convicted-fuqua-case-cry-out
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  43. 1 2 http://rankings.ft.com/businessschoolrankings/global-mba-ranking-2013
  44. ↑ http://www.fuqua.duke.edu/documents/mba_recruiting/DukeMBAFinalEmploymentStats2012-13.pdf
  45. ↑ "Best Business Schools 2015". Bloomberg Businessweek. 2015. Retrieved 2016-02-06.
  46. ↑ "The Best Business Schools". Forbes. 2015. Retrieved 2016-02-06.
  47. ↑ "TopMBA Global 200 Business Schools Report". Quacquarelli Symonds. 2015. Retrieved 2015-01-25.
  48. ↑ "Best Business Schools". U.S. News & World Report. 2015. Retrieved 2016-02-06.
  49. ↑ "Best Business Schools". Vault.com. 2015. Retrieved 2016-02-09.
  50. ↑ "MBA Global Ranking". América Economía. 2015. Retrieved 2016-02-06.
  51. ↑ "The 50 best business schools in the world". Business Insider. 2015. Retrieved 2016-02-06.
  52. ↑ "Ranking:Los Mejores MBA en el mundo". CNN Expansion. 2015. Retrieved 2016-02-06.
  53. ↑ "Full time MBA ranking". Economist. 2015. Retrieved 2016-02-06.
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  79. ↑ https://www.sageworksinc.com/directors.aspx
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  92. 1 2 List of Indians by net worth
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External links

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

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