Fuqua School of Business explained
The Fuqua School of Business (pronounced) is the business school of Duke University, a private research university in Durham, North Carolina. It enrolls more than 1,300 students in degree-seeking programs. Duke Executive Education also offers non-degree business education and professional development programs.
History
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 offices in St. Petersburg, Russia; Dubai, United Arab Emirates; Shanghai/Kunshan, China;[9] New Delhi, India; and London, England.
Admissions
For the daytime MBA class of 2024, Fuqua had a 20.5% acceptance rate with 3,539 applications received. Approximately 55% of those accepted into the MBA program enrolled to fill a class of 399. The median GMAT score was 720.[10] Fuqua reports an 80% GMAT range of 680–760, with 52% international and 48% female students.[10]
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 faculty was ranked number one in the US by BusinessWeek (Intellectual Capital) in 2010 and 2012.[11] [12]
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.[13] Another notable faculty member is Dan Ariely, an Israeli-American professor of psychology and behavioral economics.[14]
Joint degrees
The Duke MBA offers several joint degree programs in conjunction with other 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 are 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.[15] [16] [17]
Careers
Poets&Quants 2020 ranking of MBA compensation indicated that Fuqua ranked 11th in the US for average starting pay (salary and bonus) at a total of $161,079. Additionally, Fuqua's MBA program ranked 8th in the US for the percentage of students who had jobs 3 months after graduating.[18]
For the graduating, full-time MBA class of 2019, the top five hiring companies include: McKinsey & Co. (45), Amazon (38), BCG (37), Microsoft (23), Dell(18), and Google (18).[19]
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.[20] [21] [22]
- Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.[23] [24] [25]
- 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.[26] [27] [28]
- 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.[29] [30] [31]
- 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.[32] [33] [34] [35]
Buildings
Fuqua School of Business spans several buildings.[36] 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.
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Notable alumni
See also: List of Duke University people.
- John A. Allison IV (M.B.A. 1974), head of the Cato Institute; former chairman and CEO, BB&T[37]
- Jack O. Bovender Jr. (M.H.A. 1969), former chairman and CEO, HCA
- Jonathan Browning (Global Executive M.B.A. 1997) former U.S. CEO, Volkswagen Group of America
- Jessica Faye Carter (J.D. 2002, M.B.A. 2002), author, columnist, social media entrepreneur
- Tim Cook (M.B.A. 1988), CEO, Apple Inc.
- Lennie Friedman (M.B.A. 2011), NFL offensive lineman[38]
- Melinda Gates (A.B. 1986, M.B.A. 1987), co-founder, Bill and Melinda Gates Foundation
- Pat Garrity, (M.B.A. 2011), former NBA basketball player; assistant general manager, Detroit Pistons[39]
- David Gibbs, (M.B.A. 1988), CEO, Yum! Brands
- Brian Hamilton (M.B.A. 1990), co-founder and former chairman, Sageworks;[40] founder Inmates to Entrepreneurs[41]
- Mony Iyer (M.B.A 2006), President, Banfield Pet Hospital[42]
- W. Bruce Johnson (B.A., J.D., M.B.A. 1977), former interim CEO and president, Sears Holdings Corporation
- L. Kevin Kelly (Executive M.B.A. 1999), CEO of Heidrick & Struggles[43]
- Michael Lamach (MS, Global Executive M.B.A. 2001), president, chairman, and CEO, Ingersoll Rand[44]
- Alison Levine (M.B.A. 2000), Mount Everest climber, author (On the Edge); documentary executive producer (The Glass Ceiling)
- Ron Nicol (M.B.A. 1986), Senior Partner and Managing Director, Boston Consulting Group[45]
- William Peffer (M.B.A. 2003), Head of Americas at Maserati[46]
- Hilda Pinnix-Ragland (M.B.A. 1986), Chairwoman of the Board of Trustees at North Carolina A&T State University
- Mark Reuss (M.B.A. 1990), President of General Motors
- Namita Thapar (M.B.A. 2001), Shark Tank India Judge and Executive Director, Emcure Pharmaceuticals[47]
- Christian Van Thillo (M.B.A. 1989), CEO, De Persgroep
- Brett Velicovich, (M.B.A. 2012), Fox News contributor and former United States Army intelligence.
- Jeff Williams (Apple), (M.B.A. 1998), COO, Apple Inc.
- Lynn Perry Wooten, (M.B.A. 1990), 9th President of Simmons University[48]
See also
External links
Notes and References
- Web site: Fuqua 2014–2015 Annual Report. 3. September 24, 2017. September 24, 2017. https://web.archive.org/web/20160519055932/http://www.fuqua.duke.edu/alumni-content/alumni-new/996117/fy15_annual_report.pdf. May 19, 2016. dead.
- Duke University (Fuqua). U.S. News & World Report. March 31, 2014. February 16, 2017. https://web.archive.org/web/20170216003556/http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/duke-university-fuqua-01161. dead.
- Web site: Fuqua School of Business . https://web.archive.org/web/20071112170608/http://www.businessweek.com/bschools/rankings/executive_mba_profiles/fuqua.html . dead . November 12, 2007 . Executive MBA Profiles . Business Week . 21 November 2013.
- Web site: Duke University (Fuqua). Fuqua. 2015-11-11. 2017-09-16. https://web.archive.org/web/20170916222310/http://www.fuqua.duke.edu/mms-foundations-of-business/. dead.
- Web site: PhD Program – Fuqua School of Business. Duke University. March 31, 2014.
- Web site: About the Fuqua School of Business. Duke University. March 31, 2014.
- https://affectdm.com/heb-eng/
- Web site: J.B. Fuqua. https://web.archive.org/web/20090130142444/http://www.fuqua.duke.edu/about/leadership/jb_fuqua/. 2009-01-30. January 30, 2009.
- Web site: New Partnerships Expand Duke's Presence in China . 2014-08-14 . dead . https://web.archive.org/web/20110108070130/http://www.dukenews.duke.edu/2010/01/kunshan.html . 2011-01-08 .
- Web site: Duke Fuqua's MBA Class Of 2024: Domestic Apps Decline, But Internationals Fill The Gap. Schmitt. Jeff. 2023-04-07. Poets and Quants.
- Web site: The Best U.S. B-Schools of 2010 – BusinessWeek. https://web.archive.org/web/20101114084508/http://www.businessweek.com/interactive_reports/bs_2010_US_FTMBA_TAB_1111.html. 2010-11-14. 14 November 2010.
- Web site: The Complete 2012 Business Schools Ranking – Businessweek. https://web.archive.org/web/20121117155858/http://www.businessweek.com/articles/2012-11-15/the-complete-2012-business-schools-ranking#r=nav-f-graphic. 2012-11-17. 17 November 2012.
- Understanding VIX. Robert. Whaley. 6 November 2008. 1296743.
- Web site: Dan Ariely. Nndb.com. 14 November 2017.
- Web site: Joint Degrees – Daytime MBA – Duke's Fuqua School of Business. Fuqua.duke.edu. 14 November 2017.
- Web site: Page Not Found-Vault.com. https://web.archive.org/web/20171115143957/http://www.vault.com/images/pdf/samples/Fuqua+School+of+Business.pdf. 2017-11-15. 15 November 2017.
- Web site: http://www.maxxassociates.com/casestudies.pdf. https://web.archive.org/web/20110516105916/http://www.maxxassociates.com/casestudies.pdf. 2011-05-16. May 16, 2011.
- Web site: The Highest-Paid MBA Grads At The Top 25 B-Schools. March 25, 2020. March 26, 2020.
- Web site: Duke MBA final employment statistics for 2018-2019. Fugua.duke.edu. March 26, 2020. March 27, 2020. https://web.archive.org/web/20200327023345/https://www.fuqua.duke.edu/sites/www1.fuqua.duke.edu/files/media/duke_mba_employment_report_2018_-_2019_daytime_final_0.pdf. dead.
- Web site: Fuqua creates Coach K ethics center. Dukechronicle.com. 14 November 2017.
- Web site: Fuqua/Coach K Center on Leadership & Ethics (COLE). https://web.archive.org/web/20110212144509/http://www.alisonlevine.com/Leadership/coach_k_center/. 2011-02-12. February 12, 2011.
- https://itunes.apple.com/us/itunes-u/fuqua-coach-k-leadership-conference/id420483384
- Web site: Security Check Required. Facebook.com. 14 November 2017.
- Web site: The Process of Social Entrepreneurship: creating opportunities worthy of serious pursuit: Impact Alliance (4.2.5). https://web.archive.org/web/20090328025915/http://www.impactalliance.org/ev_en.php?ID=22738_201&ID2=DO_TOPIC. 2009-03-28. March 28, 2009.
- Web site: 5 Great MBA Programs for Social Entrepreneurship – Social Enterprise. https://web.archive.org/web/20100816111519/http://www.justmeans.com/5-Great-MBA-Programs-for-Social-Entrepreneurship/26644.html. 2010-08-16. 16 August 2010.
- Web site: Program for Entrepreneurs. sites.google.com. 14 November 2017.
- Web site: Howie Rhee's Blog: Greetings prospective Fuqua students interested in entrepreneurship!. Howie. Rhee. January 4, 2010. Howierhee.blogspot.com. 14 November 2017.
- Web site: Rev Up Innovation at Duke University – Engines of Innovation. https://web.archive.org/web/20110430013155/http://www.revupinnovation.com/2011/04/rev-up-innovation-at-duke-university/. 2011-04-30. April 30, 2011.
- Web site: New Center to Help Businesses Transition to Sustainable Global Economy. Today.duke.edu. 13 September 2010 . 14 November 2017.
- Web site: Fuqua launches initiative to address global energy demand. Dukechronicle.com. 14 November 2017.
- Ingersoll Rand Creates Advisory Council on Sustainability. Businesswire.com. 14 November 2017.
- Web site: Duke University Names Executive Director of Center for Financial Excellence – Duke's Fuqua School of Business. https://web.archive.org/web/20100619031140/http://www.fuqua.duke.edu/news_events/releases/seth_gardner/#.TlqHvKhwaSo. 2010-06-19. 19 June 2010.
- Web site: Gardner to lead Center for Financial Excellence. Dukechronicle.com. 14 November 2017.
- Web site: Duke names private equity exec to lead Fuqua financial program -TechWire Insider :: Editor's Blog at WRAL TechWire. Wraltechwire.com. 14 November 2017.
- Web site: The Herald-Sun – CAMPUS BRIEFS. https://web.archive.org/web/20120320071302/http://www.heraldsun.com/view/full_story/6364041/article-CAMPUS-BRIEFS. 2012-03-20. March 20, 2012.
- Web site: Buildings – Duke's Fuqua School of Business. Duke University. April 6, 2017. https://web.archive.org/web/20170407145932/http://www.fuqua.duke.edu/student_resources/facilities/buildings/. April 7, 2017. dead. dmy-all.
- News: Former BB&T CEO John Allison to lead Cato Institute.
- Web site: Lennie Friedman – Jeff Pearlman. February 2, 2012.
- Web site: Pistons assistant GM Pat Garrity in demand for NBA general manager job. Freep.com. 14 November 2017.
- Web site: Leadership Team – Sageworks. Sageworksinc.com. 14 November 2017.
- Web site: Sageworks founder cashes out to focus on a new 'journey:' Helping inmates. WRAL TechWire. May 18, 2018. April 21, 2020.
- Web site: Pet wellness veterinarian near you . banfield.com. 5 April 2023.
- Web site: Heidrick & Struggles. Heidrick.com. 14 November 2017. 15 August 2013. https://web.archive.org/web/20130815193622/http://www.heidrick.com/Consultants/Pages/10768.aspx. dead.
- Web site: Leadership. https://web.archive.org/web/20080113045037/http://company.ingersollrand.com/aboutus/leadership/Pages/default.aspx. 2008-01-13. January 13, 2008.
- Web site: Telecommunications Consulting – Telecom Trends & Analysis. Bcg.com. 14 November 2017.
- Web site: Maserati's head of Americas had start at Ford, grew up in. Freep.com.
- Web site: Student Gallery | Duke's Fuqua School of Business. www.fuqua.duke.edu.
- Web site: About President Wooten Simmons University . 2023-11-26 . www.simmons.edu.