Fuqua School of Business

The Fuqua School of Business (pronounced /ˈfjuːkwə/) 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. Its MBA program was ranked the 8th best business school in the US by The Financial Times in 2023.[6]

Fuqua School of Business
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]
Location
Durham
,
North Carolina
,
United States
Websitewww.fuqua.duke.edu

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

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.[11] Fuqua reports an 80% GMAT range of 680–760, with 52% international and 48% 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 faculty was ranked number one 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 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.[16][17][18]

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.[19]

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).[20]

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.[21][22][23]
  • Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.[24][25][26]
  • 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.[27][28][29]
  • 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.[30][31][32]
  • 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.[33][34][35][36]

Buildings

Fuqua School of Business spans several buildings.[37] 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.
Business Rankings
U.S. MBA
Bloomberg (2023)[38]14
QS (2023)[39]13
U.S. News & World Report (2023)[40]12
Global MBA
QS (2023)[41]23
Financial Times (2023)[42]11

Notable alumni
Tim Cook, CEO, Apple Inc.
Melinda Gates, Co-Founder of the Bill and Melinda Gates Foundation
Lennie Friedman, NFL player
See also: List of Duke University people

See also

References
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  2. "Duke University (Fuqua)". U.S. News & World Report. Archived from the original on February 16, 2017. Retrieved March 31, 2014.
  3. "Fuqua School of Business". Executive MBA Profiles. Business Week. 21 November 2013. Archived from the original on November 12, 2007.
  4. "Duke University (Fuqua)". Fuqua.
  5. "PhD Program – Fuqua School of Business". Duke University. Retrieved March 31, 2014.
  6. "Global MBA Ranking 2023". The Financial Times. Retrieved April 7, 2023.
  7. "About the Fuqua School of Business". Duke University. Retrieved March 31, 2014.
  9. "J.B. Fuqua". January 30, 2009. Archived from the original on 2009-01-30.
  10. "New Partnerships Expand Duke's Presence in China". Archived from the original on 2011-01-08. Retrieved 2014-08-14.
  11. Schmitt, Jeff (2023-04-07). "Duke Fuqua's MBA Class Of 2024: Domestic Apps Decline, But Internationals Fill The Gap". Poets and Quants.
  12. "The Best U.S. B-Schools of 2010 – BusinessWeek". 14 November 2010. Archived from the original on 2010-11-14.
  13. "The Complete 2012 Business Schools Ranking – Businessweek". 17 November 2012. Archived from the original on 2012-11-17.
  14. Whaley, Robert (6 November 2008). "Understanding VIX". SSRN 1296743.
  15. "Dan Ariely". Nndb.com. Retrieved 14 November 2017.
  16. "Joint Degrees – Daytime MBA – Duke's Fuqua School of Business". Fuqua.duke.edu. Retrieved 14 November 2017.
  17. "Page Not Found-Vault.com" (PDF). 15 November 2017. Archived from the original (PDF) on 2017-11-15. {{cite web}}: Cite uses generic title (help)
  18. (PDF). May 16, 2011 https://web.archive.org/web/20110516105916/http://www.maxxassociates.com/casestudies.pdf. Archived from the original (PDF) on 2011-05-16. {{cite web}}: Missing or empty |title= (help)
  19. "The Highest-Paid MBA Grads At The Top 25 B-Schools". March 25, 2020. Retrieved March 26, 2020.
  20. "Duke MBA final employment statistics for 2018‐2019" (PDF). Fugua.duke.edu. Archived from the original (PDF) on March 27, 2020. Retrieved March 26, 2020.
  21. "Fuqua creates Coach K ethics center". Dukechronicle.com. Retrieved 14 November 2017.
  22. "Fuqua/Coach K Center on Leadership & Ethics (COLE)". February 12, 2011. Archived from the original on 2011-02-12.
  24. "Security Check Required". Facebook.com. Retrieved 14 November 2017.
  25. "The Process of Social Entrepreneurship: creating opportunities worthy of serious pursuit: Impact Alliance (4.2.5)". March 28, 2009. Archived from the original on 2009-03-28.
  26. "5 Great MBA Programs for Social Entrepreneurship – Social Enterprise". 16 August 2010. Archived from the original on 2010-08-16.
  27. "Program for Entrepreneurs". sites.google.com. Retrieved 14 November 2017.
  28. Rhee, Howie (January 4, 2010). "Howie Rhee's Blog: Greetings prospective Fuqua students interested in entrepreneurship!". Howierhee.blogspot.com. Retrieved 14 November 2017.
  29. "Rev Up Innovation at Duke University – Engines of Innovation". April 30, 2011. Archived from the original on 2011-04-30.
  30. "New Center to Help Businesses Transition to Sustainable Global Economy". Today.duke.edu. Retrieved 14 November 2017.
  31. "Fuqua launches initiative to address global energy demand". Dukechronicle.com. Retrieved 14 November 2017.
  32. "Ingersoll Rand Creates Advisory Council on Sustainability". Businesswire.com (Press release). Retrieved 14 November 2017.
  33. "Duke University Names Executive Director of Center for Financial Excellence – Duke's Fuqua School of Business". 19 June 2010. Archived from the original on 2010-06-19.
  34. "Gardner to lead Center for Financial Excellence". Dukechronicle.com. Retrieved 14 November 2017.
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  37. "Buildings – Duke's Fuqua School of Business". Duke University. Archived from the original on 7 April 2017. Retrieved 6 April 2017.
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  39. "2023 QS Global MBA:United States". Quacquarelli Symonds.
  40. "2023 Best Business Schools Rankings". U.S. News & World Report.
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  42. "Global MBA Ranking 2023". Financial Times.
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  44. "Lennie Friedman – Jeff Pearlman". February 2, 2012.
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