Fuqua School of Business

Business school of Duke University in Durham, North Carolina, US

Duke University
Fuqua School of Business

Type| Private business school
Established| 1969 (1969)

Parent institution

| Duke University
Endowment| $267 million (2015)[1]
Dean| Mary Frances Luce (interim)
Postgraduates| 861 full time MBA[2]
503 executive MBA[3]
130 MMS:FOB[4]

Doctoral students

| 78[5]
Location|

Durham

North Carolina

United States

Website| fuqua.duke.edu

The Duke University 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.

## History

[edit]

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]

## Admissions

[edit]

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

For the daytime MBA class of 2026, Fuqua had a 19.5% acceptance rate with 3,808 applications received. Approximately 55% of those accepted into the MBA program enrolled to fill a class of 399. The median GMAT score was 720.[9] Fuqua reports an 80% GMAT range of 680–760, with 41% international and 51% female students.[9]

## Academics

[edit]

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.

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.[10] Another notable faculty member is Dan Ariely, an Israeli-American professor of psychology and behavioral economics.[11]

### Dual degrees

[edit]

Fox Student Center

The Duke MBA offers several dual 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. Dual 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.[12][13][14]

## Careers

[edit]

Poets&Quants 2024 ranking of MBA compensation indicated that Fuqua ranked 10th in the US for average starting pay (salary and bonus) at a total of $193,557. Additionally, Fuqua's MBA program ranked 8th in the US for the percentage of students who had jobs 3 months after graduating.[15]

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).[16]

## Research centers

[edit]

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

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|

* 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.[17][18][19]
* Center for the Advancement of Social Entrepreneurship (CASE) – The center promotes innovative and entrepreneurial approaches to improving social conditions through education and research.[20][21][22]
* 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.[23][24][25]
* 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.[26][27][28]
* Center of Health Sector Management - This center aims to improve healthcare services.[29]

## Buildings

[edit]

Fuqua School of Business spans several buildings.[30] 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 school rankings

U.S. MBA Rankings
QS (2025)[31]| 13
FT (2025)[32]| 9
Bloomberg (2024)[33]| 14
U.S. News & World Report (2025)[34]| 12
Global MBA Rankings
QS (2025)[35]| 23
FT (2025)[36]| 14

## Notable alumni

[edit]

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

* 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

[edit]

* List of United States business school rankings
* List of business schools in the United States

## References

[edit]

1. ^ "Fuqua 2014–2015 Annual Report" (PDF). September 24, 2017. p. 3\. Archived from the original (PDF) on May 19, 2016. Retrieved September 24, 2017.
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. Archived from the original on 2017-09-16. Retrieved 2015-11-11.
5. ^ "PhD Program – Fuqua School of Business". Duke University. Retrieved March 31, 2014.
6. ^ "About the Fuqua School of Business". Duke University. Retrieved March 31, 2014.
7. ^ [1][dead link]
8. ^ "J.B. Fuqua". January 30, 2009. Archived from the original on 2009-01-30.
9. ^ a b Schmitt, Jeff (2023-04-07). "Duke Fuqua's MBA Class Of 2024: Domestic Apps Decline, But Internationals Fill The Gap". Poets and Quants.
10. ^ Whaley, Robert (6 November 2008). "Understanding VIX". SSRN 1296743.
11. ^ "Dan Ariely". Nndb.com. Retrieved 14 November 2017.
12. ^ "Dual Degrees – Daytime MBA – Duke's Fuqua School of Business". Fuqua.duke.edu. Retrieved 14 November 2017.
13. ^ "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)
14. ^ . 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)
15. ^ "The Highest-Paid MBA Grads At The Top 25 B-Schools". March 25, 2020. Retrieved March 26, 2020.
16. ^ "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.
17. ^ "Fuqua creates Coach K ethics center". Dukechronicle.com. Retrieved 14 November 2017.
18. ^ "Fuqua/Coach K Center on Leadership & Ethics (COLE)". February 12, 2011. Archived from the original on 2011-02-12.
19. ^ [2] [dead link]
20. ^ "Security Check Required". Facebook.com. Retrieved 14 November 2017.
21. ^ "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.
22. ^ "5 Great MBA Programs for Social Entrepreneurship – Social Enterprise". 16 August 2010. Archived from the original on 2010-08-16.
23. ^ "Program for Entrepreneurs". sites.google.com. Archived from the original on 5 August 2017. Retrieved 14 November 2017.
24. ^ Rhee, Howie (January 4, 2010). "Howie Rhee's Blog: Greetings prospective Fuqua students interested in entrepreneurship!". Howierhee.blogspot.com. Archived from the original on July 10, 2012. Retrieved 14 November 2017.
25. ^ "Rev Up Innovation at Duke University – Engines of Innovation". April 30, 2011. Archived from the original on 2011-04-30.
26. ^ "New Center to Help Businesses Transition to Sustainable Global Economy". Today.duke.edu. 13 September 2010. Retrieved 14 November 2017.
27. ^ "Fuqua launches initiative to address global energy demand". Dukechronicle.com. Retrieved 14 November 2017.
28. ^ "Ingersoll Rand Creates Advisory Council on Sustainability". Businesswire.com (Press release). Retrieved 14 November 2017.
29. ^ "About". Fuqua School of Business. 2024. Retrieved September 13, 2024.
30. ^ "Buildings – Duke's Fuqua School of Business". Duke University. Archived from the original on 7 April 2017. Retrieved 6 April 2017.
31. ^ "QS Global MBA: United States". QS.
32. ^ "FT USA MBA Rankings". FT.
33. ^ "Best B-Schools". Bloomberg Businessweek.
34. ^ "US News MBA Rankings". US News.
35. ^ "QS Global MBA Rankings". QS.
36. ^ "FT Global MBA Rankings". FT.
37. ^ "Former BB&T CEO John Allison to lead Cato Institute".
38. ^ "Lennie Friedman – Jeff Pearlman". February 2, 2012.
39. ^ "Pistons assistant GM Pat Garrity in demand for NBA general manager job". Freep.com. Retrieved 14 November 2017.
40. ^ "Leadership Team – Sageworks". Sageworksinc.com. Retrieved 14 November 2017.
41. ^ "Sageworks founder cashes out to focus on a new 'journey:' Helping inmates". WRAL TechWire. May 18, 2018. Retrieved April 21, 2020.
42. ^ "Pet wellness veterinarian near you". banfield.com. Retrieved 5 April 2023.
43. ^ "Heidrick & Struggles". Heidrick.com. Archived from the original on 15 August 2013. Retrieved 14 November 2017.
44. ^ "Leadership". January 13, 2008. Archived from the original on 2008-01-13.
45. ^ "Telecommunications Consulting – Telecom Trends & Analysis". Bcg.com. Retrieved 14 November 2017.
46. ^ "Maserati's head of Americas had start at Ford, grew up in". Freep.com.
47. ^ "Student Gallery | Duke's Fuqua School of Business". www.fuqua.duke.edu.
48. ^ "About President Wooten | Simmons University". www.simmons.edu. Retrieved 2023-11-26.

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