Fuqua School of Business
Encyclopedia
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), and a Ph.D.
program. Additionally, Duke Executive Education and Duke Corporate Education
offer non-degree business education and professional development programs.
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 campuses in St. Petersburg, Russia; Dubai, UAE; Kunshan
, China
; New Delhi, India; and London, UK.
(Intellectual Capital) in 2010.J
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.
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.:
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).
The daytime MBA program at The Fuqua School of Business also has the following rankings based on each respective category:
, a carve-out of the Executive Education program at The Fuqua School of Business, was ranked:
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
of Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
in Durham, North Carolina
Durham, North Carolina
Durham is a city in the U.S. state of North Carolina. It is the county seat of Durham County and also extends into Wake County. It is the fifth-largest city in the state, and the 85th-largest in the United States by population, with 228,330 residents as of the 2010 United States census...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. It currently enrolls 1,340 students in degree-seeking programs. These programs include the Daytime Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(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
Seoul National University
Seoul National University , colloquially known in Korean as Seoul-dae , is a national research university in Seoul, Korea, ranked 24th in the world in publications in an analysis of data from the Science Citation Index, 7th in Asia and 42nd in the world by the 2011 QS World University Rankings...
), joint degree programs (including joint degrees in medicine, law, environmental management, forestry, public policy, and nursing), and a Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
program. Additionally, Duke Executive Education and Duke Corporate Education
Duke Corporate Education
Duke Corporate Education is a global provider of non-degree custom executive education and other learning and development services. They are a not-for-profit support corporation to Duke University, having been created in July 2000 as a carve-out from Duke’s Fuqua School of Business...
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.
In September 2008, Fuqua launched an expansion initiative to establish campuses in St. Petersburg, Russia; Dubai, UAE; Kunshan
Kunshan
Kunshan is a satellite city in the greater Suzhou region. Administratively, it is a county-level city within the prefecture-level city of Suzhou. It is located in southeastearn part of Jiangsu Province, China, adjacent to Jiangsu's border with the Shanghai Municipality.The total area of Kunshan...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
; New Delhi, India; and London, UK.
Admissions
Admission to the Daytime MBA program is very competitive. For the Class of 2012, 24% of all applicants were accepted. 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). The average GMAT score for the most recent incoming class was 697.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 BusinessWeekBusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
(Intellectual Capital) in 2010.J
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.
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.:
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.
- Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.
- 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.
- 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.
- 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.
- 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 NetworkOffshoring Research NetworkThe Offshoring Research Network is an international network of researchers and practitioners studying organizations in their transition to globalizing their business functions, processes and administrative services...
, an international network that studies the offshore sourcing of business processes and services. - 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.
Honor Code
Some research shows that students studying business describe themselves as being academically dishonest more often than students pursuing other types of degrees. To address such concerns, the school instituted an extensive honor code. 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. 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.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.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).
Daytime MBA
The daytime MBA program at The Fuqua School of Business was ranked:- 6th in the U.S. by BusinessWeekBusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
in 2010 - 10th in the U.S. and 20th in the World by The Financial TimesFinancial TimesThe Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
in 2011 - 10th in the U.S. by Poets&Quants in 2010
- 10th in North America by QS Global 200 Business Schools ReportQS Global 200 Business Schools ReportThe QS Global 200 Business Schools Report identifies the most popular business schools in each region of the world. It aims to serve employers seeking MBAs at a regional level. It originated in the early 1990s under the partnership Quacquarelli Symonds. The TopMBA Career Guide was made in 1990, and...
in 2010 - 12th in the U.S. by U.S. News and World Report in 2011
- 13th in the U.S. and 20th in the World by The EconomistThe EconomistThe Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
in 2011
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 BusinessWeekBusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
in 2010 - 2nd in the world by University of Texas at Dallas Top 100 World Rankings of Business Schools Based on Research in 2010
- 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
- 10th in the U.S. News and World Report ranking of U.S. "Business Schools That Receive the Most Full-Time Applications" in 2011
- 12th in the U.S. by ForbesForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
in 2011 based on ROI
Corporate Education
Duke Corporate EducationDuke Corporate Education
Duke Corporate Education is a global provider of non-degree custom executive education and other learning and development services. They are a not-for-profit support corporation to Duke University, having been created in July 2000 as a carve-out from Duke’s Fuqua School of Business...
, a carve-out of the Executive Education program at The Fuqua School of Business, was ranked:
- 1st in the world by the Financial TimesFinancial TimesThe Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
in 2011 for its customized non-degree executive education programs - 1st in the world by BusinessWeekBusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
in 2010 for its customized executive education programs
Executive MBA
The Executive MBA program at The Fuqua School of Business was ranked:- 4th in the U.S. by U.S. News and World Report in 2011
- 5th out of schools with a U.S. presence and 9th in the world by the Financial TimesFinancial TimesThe Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
in 2010 - 10th in the U.S. by BusinessWeekBusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
in 2010 - 10th in North America by the 2010 QS Global 200 Business Schools ReportQS Global 200 Business Schools ReportThe QS Global 200 Business Schools Report identifies the most popular business schools in each region of the world. It aims to serve employers seeking MBAs at a regional level. It originated in the early 1990s under the partnership Quacquarelli Symonds. The TopMBA Career Guide was made in 1990, and...
- 10th in the U.S. by the Wall Street Journal in 2008
Notable alumni
- Harsha V. AgadiHarsha V. Agadi-Early life and career:Agadi obtained a B.Com from the University of Mumbai. He moved to the U.S. in 1984 and earned an MBA from Duke University's Fuqua School of Business. Following his graduation from Duke, Agadi worked at Kraft General Foods...
(M.B.A. 1987), CEO and Chairman, Friendly'sFriendly'sFriendly Ice Cream Corporation is the owner and operator of the Friendly's restaurant chain on the United States' East Coast. Founded in 1935 in Springfield, Massachusetts by brothers Curtis Blake and S. Prestley Blake, 20, their first shop served double-dip cones for 5 cents...
; Former President and CEO, Church's ChickenChurch's ChickenChurch's Chicken is a US-based chain of fast food restaurants specializing in fried chicken, also trading outside North America as Texas Chicken. The chain was founded as Church's Fried Chicken To Go by George W. Church, Sr., on April 17, 1952, in San Antonio, across the street from The Alamo...
; - John A. Allison IVJohn A. Allison IVJohn Allison was born on August 14, 1948, in Charlotte, North Carolina. He began his career with BB&T in 1971 following his graduation from the University of North Carolina with a degree in business administration...
(M.B.A. 1974), Chairman (and Former CEO), BB&TBB&TBB&T Corporation is an American bank with assets of $157 billion , offering full-service commercial and retail banking services along with other financial services like insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international...
; - Kerrii Anderson (Weekend Executive M.B.A. 1987), Former CEO and President, Wendy's International, Inc.Wendy'sWendy's is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. The company decided to move its headquarters to Dublin, Ohio, on January 29, 2006. It has been owned by Triarc since 2008...
; - Jack O. Bovender Jr. (M.H.A. 1969), Former Chairman and CEO, HCAHCAHCA may refer to:* Haryana Chess Association* Hinsdale Center for the Arts* Hall-Carpenter Archives* Hans Christian Andersen, Danish author and poet, most famous for his fairy tales* HC Andersen , Finnish rock band...
; - Jonathan BrowningJonathan Browning (UK businessman)Jonathan Browning is the president and CEO of Volkswagen Group of America.-Career:He was General Motors Europe Vice President, Sales, Marketing and Aftersales and the Chairman of Vauxhall Motors. He previously worked for Ford, where he was the Managing Director of Jaguar Cars between 1999 and 2001...
(Global Executive M.B.A. 1997) U.S. CEO, Volkswagen Group of America - Jessica Faye CarterJessica Faye CarterJessica Faye Carter is an American lawyer, author, and businesswoman. She is the founder and chief executive officer of Nette Media, a company specializing in social media technologies for women...
(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;
- Lennie FriedmanLennie FriedmanLeonard Lebrecht Friedman is an American football offensive lineman who is currently a free agent in the National Football League....
, NFL football player - Melinda GatesMelinda GatesMelinda Ann French , later known as Melinda French Gates, is an American businesswoman and philanthropist. She is the wife of Bill 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;
- Hank Halter (M.B.A. 1993), CFO of Delta Air LinesDelta Air LinesDelta Air Lines, Inc. is a major airline based in the United States and headquartered in Atlanta, Georgia. The airline operates an extensive domestic and international network serving all continents except Antarctica. Delta and its subsidiaries operate over 4,000 flights every day...
; - W. Bruce JohnsonW. Bruce JohnsonW. Bruce Johnson was the interim President and CEO of Sears Holdings Corporation, the parent of Sears and Kmart, from January 2008 to February 2011.-Early life and career:Johnson received his BA, MBA, and JD from Duke University....
(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;
- L. Kevin Kelly (M.B.A 1999), CEO of Heidrick and Struggles;
- Jeffrey Kip (M.B.A. 1999), CFO of Panera BreadPanera BreadPanera Bread is a chain of bakery–café quick casual restaurants in the United States and Canada that sells breads, sandwiches, soups, salads, and other bakery items. Its headquarters are in Sunset Hills, Missouri, a suburb of St. Louis.-Corporate history:In 1993, Au Bon Pain Co...
; - Michael LamachMichael Lamach-Early life and career:Lamach received a Bachelor in Engineering from Michigan State University and a Master in Business Administration from Duke University's Fuqua School of Business.-References:...
(MS, Global Executive M.B.A. 2001), President, Chairman, and CEO, Ingersoll RandIngersoll RandIngersoll-Rand plc is a $13 billion global diversified industrial company founded in 1871. The Ingersoll Rand name came into use in 1905 through the combination of Ingersoll-Sergeant Drill Company and Rand Drill Company...
; - J. Richard Leaman III (B.A. 1984, M.B.A. 1986), Former Chairman and Global Head of Investment Banking, UBS;
- Ron Nicol (M.B.A. 1986), Senior Partner and Managing Director, Boston Consulting GroupBoston Consulting GroupThe Boston Consulting Group is a global management consulting firm with offices in 42 countries. It is recognized as one of the most prestigious management consulting firms in the world. It is one of only three companies to appear in the top 15 of Fortunes "Best Companies to Work For" report for...
; - John C. Pope (M.B.A. 1999), COO, O'Neill Wetsuit
- Frank Riddick III (M.B.A. 1980), Former CEO, FormicaFormicaFormica is a genus of ants of the family Formicidae, commonly known as wood ants, mound ants, or field ants. Formica is the type genus of the Formicidae, and of the subfamily Formicinae...
Corporation; - Mark Rosenbaum (M.B.A. 1987), Chief Financial Officer, MySpaceMySpaceMyspace is a social networking service owned by Specific Media LLC and pop star Justin Timberlake. Myspace launched in August 2003 and is headquartered in Beverly Hills, California. In August 2011, Myspace had 33.1 million unique U.S. visitors....
; - Dr. Phil SchubertPhil SchubertPhil Schubert is the eleventh and current president of Abilene Christian University, Abilene, Texas. Schubert's appointment was publicly announced on February 12, 2010, and he formally took office June 1, 2010, succeeding Dr. Royce Money...
(Cross Continent M.B.A. 2006), President, Abilene Christian UniversityAbilene Christian UniversityAbilene Christian University is a private university located in Abilene, Texas, affiliated with Churches of Christ. ACU was founded in 1906, as Childers Classical Institute...
; - Ahmad Sharaf (Global Executive M.B.A. 2001), Chairman, Dubai Mercantile ExchangeDubai Mercantile ExchangeThe Dubai Mercantile Exchange is a commodity exchange based in Dubai currently listing its flagship futures contract, DME Oman Crude Oil Futures Contract...
(DME); - Malvinder Mohan SinghMalvinder Mohan SinghMalvinder Mohan Singh is the son of Dr. Parvinder Singh, and is the former Chairman and CEO of Ranbaxy Laboratories. He is the grandson of Bhai Mohan Singh, the founder of Ranbaxy. He and his brother Shivinder Singh are among the top twenty richest Indians in the world...
(M.B.A. 1998), Chairman, Religare Enterprises Limited, currently shares the title as 15th richest man in India; - Shivinder Mohan SinghShivinder Mohan SinghShivinder Mohan Singh is the younger son of Dr. Parvinder Singh, and is currently the managing director of Fortis Healthcare, an Indian company. He is the grandson of Bhai Mohan Singh, the founder of generic drug maker Ranbaxy Laboratories. He and his brother Malvinder Singh are among the top...
(M.B.A. 2000), Managing Director, Fortis Healthcare LimitedFortis Healthcare LimitedFortis Healthcare Limited is an established chain of super speciality hospitals based in Delhi also available in Amritsar, Kolkata, Navi Mumbai, Mohali, Jaipur, Chennai, Kota, Bengalore....
, currently shares the title as 15th richest man in India; - Sam A. Solomon (M.B.A. 1992), President and CEO, Coleman CompanyColeman CompanyColeman Company, Inc., is an American company that specializes in outdoor recreation products. Historically, Coleman is known for camping gear....
; - Terry Thompson (M.B.A. 1999), COO of MercerMercer (consulting firm)Mercer is a human resource and related financial services consulting firm, headquartered in New York City. The firm operates internationally in more than 40 countries, with more than 19,000 employees, and is the world's largest human resource consulting firm....
; - John C. Walters (Weekend Executive M.B.A. 1994), President & COO, Hartford Life;
- Pamela J. White (M.B.A. 1988), CFO, Victoria's SecretVictoria's SecretVictoria's Secret is an American retailer of women's wear, lingerie and beauty products. It is the largest segment of publicly-traded Limited Brands with sales of over US$5 billion and an operating income of $1 billion in 2006...
;
See also
- List of United States business school rankings
- List of business schools in the United States