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The Fuqua School of Business at Duke University

Duke-Logo-Fuqua.png
Established 1969
University Duke University
School type Private
Dean Blair Sheppard
Daytime MBA Students 878 [1]
PhD Students 80 [2]
Location Durham, NC, United States USA
Website www.fuqua.duke.edu

The Fuqua School of Business is the business school of Duke University in Durham, North Carolina, United States. Fuqua (pronounced few-qua) is a prominent U.S. business school affiliated with an elite research university. It currently enrolls 1,340 students in degree-seeking programs. These programs include the Daytime MBA, the Global Executive MBA, the Cross Continent MBA, the Weekend Executive MBA, the Duke Goethe Executive MBA program (in partnership with The Goethe Business School in Frankfurt, Germany), Master of Management: Clinical Informatics, 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.

Contents

History

Breeden Hall, The Fuqua School of Business

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. This served as a turning point in the school's history. Keller quickly improved the school's fortune. He embarked upon a capital campaign in 1978 with the goal of raising $20 million to erect a building, increase the number of M.B.A. students from sixty to 250, and more than doubled the number of faculty positions. In three years, the 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, as a teenage student, he borrowed books by mail from the Duke library. A voracious reader and a quick study, Fuqua never went to college. Instead, he pursued a higher education on his own. "I am proof that any obstacle can be overcome if you are willing to educate yourself and work hard."[3] J.B. Fuqua's cumulative giving to Duke was nearly $40 million at the time of his death on April 5, 2006.[3]

In September 2008, Fuqua launched an expansion initiative to establish campuses in St. Petersburg, Russia; Dubai, UAE; Shanghai, China; New Delhi, India; and London, UK. The network of globally distributed locations will start serving students in August 2009.

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 2008. [4]

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Course Structure

The Duke Daytime MBA program combines a foundational core of required courses with generous opportunities for students to pursue their interests and broaden their expertise through electives. [5]

Study is structured around six-week terms rather than quarters or semesters. Each course meets for two hours and fifteen minutes twice per week. Structuring the program in terms allows students to take more courses. Longer class periods give you as much class time per term as other business schools provide during a semester. Longer class periods also enable faculty to cover complex topics during a single session and offer ample time for simulations, case presentations, questions, and discussion. Additionally, they offer time for meaningful interaction with visiting members of the business community. [6]

Honors

The primary academic honor is the Fuqua Scholar designation, given to the top 10% of the graduating MBA class.

Research Centers

The Fuqua School of Business is home to various research centers, including:

  • The Fuqua/Coach K Center of Leadership & Ethics (COLE)[1] - 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)[2] - The center is dedicated to promoting innovative and entrepreneurial approaches to improving social conditions through education and research.
  • The Global Capital Markets Center (GCMC)[3] - A joint venture between Fuqua and the Duke University School of Law, the center draws on the expertise of business, law, economics, and public policy faculty to examine issues of securities regulation, international finance and corporate governance.
  • The Center for International Business Education and Research (CIBER)[4] - 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.
  • Center of Entrepreneurship and Innovation (CEI)[5] - Fuqua created this center in October 2005 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. The center provides Duke MBA students an opportunity to combine classroom learning with practical application in entrepreneurship.
  • Corporate Sustainability Initiative[6] - The Corporate Sustainability Initiative is a joint venture between Duke's Nicholas School of Environment, Fuqua School of Business, and the Nicholas Institute of Environmental Policy Solutions with a two-fold mission: advance the theory and practice of corporate sustainability, and enable the next generation of sustainable business leaders.
  • Center for Financial Excellence[7] - The Center for Financial Excellence supports financial research and education at Duke, with particular emphasis on strengthening relationships between faculty, students, and finance professionals.

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 include:

  • MBA/MD (with the Duke University School of Medicine)
  • MBA/JD (with the Duke University School of Law)
  • MBA/Master of Environmental Management (with the Nicholas School of the Environment and Earth Sciences)
  • MBA/Master of Forestry (with the Nicholas School of the Environment and Earth Sciences)
  • MBA/Master of Public Policy (with the Terry Sanford Institute of Public Policy)
  • MBA/Master of Science in Nursing (with the Duke University School of Nursing)

Rankings

Daytime MBA

The daytime MBA program at the Fuqua School of Business was ranked:

  • 8th in the U.S. (1st within the intellectual capital sub-category) by BusinessWeek in 2008 [1]
  • 10th in the U.S. by The Financial Times in 2010 [7]
  • 12th in the U.S. by U.S. News and World Report in 2009 [8]
  • 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 [9]
  • 2nd in research productivity worldwide by UT Dallas Business School Rankings in 2009 [10]
  • 13th in the U.S. by The Wall Street Journal in 2007 [11]
  • 13th in the U.S. by Forbes in 2009 [12]

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 2009 for its customized non-degree executive education programs [8]
  • 1st in the world by BusinessWeek in 2007 for its customized executive education programs [13]

Executive MBA

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

Campus

The Fuqua School of Business campus is located in Durham, NC, adjacent to the Duke Law School and the main Duke University Campus. The campus currently consists of six interconnected buildings, including Keller East (1981), Keller West (1981), R. David Thomas Executive Conference Center (1989), Magat Academic Center (1999), the Fox Student Center (2002), and Breeden Hall (2008). The main building, with 490,500 square feet (45,570 m2) of space, designed by Edward Larrabee Barnes, offers one of the finest settings for business education in the United States.

The Thomas F. Keller Center, named in honor of former Dean Thomas F. Keller, includes two wings with auditorium-style classrooms, seminar rooms, dozens of small team rooms, and large auditoriums for school-wide presentations and guest speakers. The building is also home to support, administrative, career, and placement offices.

The Wesley Alexander Magat Academic Center, with more than 56,000 square feet (5,200 m2), was added to Fuqua in 1999, and houses the majority of faculty offices, as well as seminar and meeting rooms.

The Lafe P. and Rita D. Fox Student Center opened in June 2002. The 70,000-square-foot (6,500 m2) student center has greatly improved student life and accommodates growing needs by offering a spacious indoor winter garden area, outdoor terraces, changing rooms with lockers and showers, a student communications center, additional office space, dining facilities, and student lounge. The Fox Center connects the main wings of the school. By virtue of its location and function, The Fox Center is the hub of life at Fuqua.

The latest addition, 91,400-square-foot (8,490 m2) Breeden Hall, opened in August 2008, and is named in honor of former Dean Douglas Breeden and his wife Josie. It holds classrooms and auditoriums, team rooms, meeting space, the Ford Library, the Center for Excellence in Business Education, and our MBA admissions and operations offices. The building also features a rooftop terrace.

The Fuqua complex also includes the R. David Thomas Executive Conference Center, which opened in May 1989. The 112,000-square-foot (10,400 m2) facility is named after the founder of Wendy’s International, Inc. The center includes 111 guest rooms, two executive suites, meeting and catering space, a 230-seat dining room and a full bar, along with classrooms and a clubroom. The center is a comfortable and modern facility, primarily used by the school’s executive education and executive MBA students. The Thomas Center is connected to the main Fuqua building by a covered walkway. [18]

In September 2008, Fuqua launched an expansion initiative to establish campuses in St. Petersburg, Russia; Dubai, UAE; Shanghai, China; New Delhi, India; and London, UK. The network of globally distributed locations will start serving students in August 2009.

People

Alumni

Alumni at the Fuqua School of Business serve in a variety of dynamic positions throughout the world. Select distinguished alumni include:

  • Harsha Agadi (M.B.A. 1987), 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.;
  • Jack Bovender Jr. (M.H.A. 1969), Former Chairman and CEO, HCA;
  • Timothy D. Cook (M.B.A. 1988), COO and Former Acting CEO, Apple Inc.;
  • Thomas Finke (M.B.A. 1991), Chairman and CEO, Babson Capital Management;
  • Melinda Gates (A.B. 1986, M.B.A. 1987), Co-Founder of the Bill and Melinda Gates Foundation, wife of Bill Gates;
  • Hank Halter (M.B.A. 1993), CFO of Delta Air Lines;
  • 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, Sears Holdings Corporation;
  • Jeffrey Kip (M.B.A. 1999), CFO of Panera Bread;
  • Mike Lamach (Global Executive M.B.A. 2001), President and COO, Ingersoll Rand;
  • J. Richard Leaman III (B.A. 1984, M.B.A. 1986), Joint Global Head of Investment Banking, UBS;
  • Frank Riddick III (M.B.A. 1980), Former CEO, Formica Corporation;
  • Mark Rosenbaum (M.B.A. 1987), Chief Financial Officer, MySpace;
  • Dr. Philip Schubert (Cross Continent M.B.A. 2006), President, Abilene Christian University;
  • Malvinder Mohan Singh (M.B.A. 1998), Chairman, Religare Enterprises Limited, currently shares the title as 17th richest man in India [19][20];
  • Shivinder Mohan Singh (M.B.A. 2000), Managing Director, Fortis Healthcare, currently shares the title as 17th richest man in India[21][22];
  • Sam A. Solomon (M.B.A. 1992), President and CEO, Coleman Company;
  • Terry Thompson (M.B.A. 1999), COO of Mercer;
  • John C. Walters (Weekend Executive M.B.A. 1994), President & COO, Hartford Life, Inc.;
  • Pamela J. White (M.B.A. 1988), CFO, Victoria's Secret;
  • Jessica Faye Carter (J.D. 2002, M.B.A. 2002), author, columnist, social media entrepreneur.

See also

Notes

  1. ^ a b http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/fuqua.html
  2. ^ http://www.fuqua.duke.edu/programs/other_programs/phd_program/
  3. ^ a b http://www.fuqua.duke.edu/about/jb_fuqua/
  4. ^ http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/fuqua.html
  5. ^ http://www.fuqua.duke.edu/student_resources/academics/courses
  6. ^ http://www.fuqua.duke.edu/student_resources/academics/courses
  7. ^ http://rankings.ft.com/businessschoolrankings/global-mba-rankings
  8. ^ http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/items/01161
  9. ^ http://www.princetonreview.com/DukeUniversityFuquaSchoolofBusiness.aspx
  10. ^ http://www.utdallas.edu/news/2010/2/25-1351_Wharton-Tops-UT-Dallas-Business-School-Rankings_article.html
  11. ^ http://online.wsj.com/public/resources/documents/MB_07_Scoreboard.pdf
  12. ^ http://www.forbes.com/lists/2009/95/best-business-schools-09_Best-Business-Schools_Rank.html
  13. ^ http://www.businessweek.com/table/07/1101_customized.htm
  14. ^ http://rankings.ft.com/businessschoolrankings/emba-rankings
  15. ^ http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/executive
  16. ^ http://www.businessweek.com/bschools/rankings/executive_mba_profiles/fuqua.html
  17. ^ http://online.wsj.com/article/SB122211710951164457.html?mod=article-outset-box
  18. ^ http://www.fuqua.duke.edu/student_resources/facilities/buildings/
  19. ^ http://www.businessweek.com/news/2010-02-25/billionaire-singh-eschews-goldman-model-for-his-india-brokerage.html
  20. ^ http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Malvinder-Shivinder-Singh_DN7N.html
  21. ^ http://www.businessweek.com/news/2010-02-25/billionaire-singh-eschews-goldman-model-for-his-india-brokerage.html
  22. ^ http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Malvinder-Shivinder-Singh_DN7N.html

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