Fuqua School of Business [Review]

Filed in University Reviews by on 9th May 2022

The Fuqua School of Business is a prestigious business school well known for its solid MBA education, and its focus on teamwork among its MBA student.

Here’s a comprehensive Fuqua School of Business review on Fuqua, Fuqua School of Business Ranking, Duke Business School Undergraduate, Duke MBA, Fuqua School of Business Interview, and the Duke MBA application. 

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Fuqua School of Business [Review]

Fuqua School of Business Review

About Fuqua School of Business

The Fuqua School of Business (Duke business school) is the business school of Duke University founded in 1969 in Durham, North Carolina. Fuqua is well known for its solid healthcare education, and its focus on teamwork among its MBA student. 

More than 1,300 students are enrolled in degree-seeking programs. Duke Executive Education also offers non-degree business education and professional development programs. Duke University also offers other postgraduate offerings in business, as well as several ways to complete the Duke MBA: the full-time MBA, the Accelerated Daytime MBA, Global Executive MBA, and Weekend Executive MBA. 

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Fuqua School of Business Ranking

In 2019, The Economist ranked the school’s MBA program #9 best business school in the US, while the Financial Times in 2022 ranked it 13th in the US. Other current rankings include #6 business schools with the lowest acceptance rate and #10 for the highest application yield (percentage of students that matriculated after being accepted) across the best 50 MBA programs in the US.

Duke Business School Undergraduate

The Fuqua School of Business at Duke University offers these departments and programs: economics, accounting, entrepreneurship, consulting, ethics, general management, finance, health care administration, leadership, marketing, not-for-profit management, production/operations management, organizational behavior, supply chain management/logistics, quantitative analysis/statistics, and operations research, and technology. 

Fuqua School of Business Tuition

Fuqua’s full-time tuition is: $70,000 per year; executive MBA: $152,000 total program; and specialty master’s program: $73,290 total program. After graduation, 87 percent of full-time program graduates are employed.

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Duke Business School Undergraduate

Our department helps prepare students for success. Our courses develop the critical and analytical skills essential for understanding economics and institutions, in both their contemporary and historical settings. These courses provide the academic background necessary for positions in industry, for work in many branches of government service, for law school, and for graduate study in business administration, economics, and the social sciences.

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Duke MBA

Majors & Minors

CredentialRequirements
B.S. Major in Economics
  • 3-4 math courses
  • 1 statistics course
  • 5 core courses in economics
  • 5 economics electives
B.S. Major in Economics, Finance Concentration
  • 3-4 math courses
  • 1 statistics course
  • 6 core courses in economics
  • 3 finance electives
  • 2 economics electives
B.A. Major in Economics
  • 3-4 math courses
  • 1 statistics course
  • 5 core courses in economics
  • 1 course in economics history
  • 4 economics electives
Minor in Economics
  • 4-5 economics courses depending on AP credit
Minor in Finance

 

(Not available to Economics first or second majors.)

  • 1 statistics prerequisite course
  • 1 or 2 math prerequisite courses
  • 2 core economics courses
  • 3 finance electives

Masters

Fuqua graduate degree programs offer a rigorous curriculum, and the flexibility, and opportunity to explore other departments and schools in one of America’s best research universities. There are four distinct master’s programs offered, and each is designed to teach students the quantitative and analytical skills they need to prepare for doctoral programs and careers in finance, economics, and related fields.

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Program Summary

M.A. Economics (MAE)
This master’s program is designed to use a quantitative approach to economics with the flexibility to tailor the degree to fit students’ future goals. This program involves comprehensive instruction in a wide range of areas within the discipline, including computational economics, financial economics, and economic analysis. 
M.A. Analytical Political Economy (MAPE)
This is a joint master’s program of the Departments of Economics and Political Science, created due to a growing interest in the political economy among young economists and in economics by young political scientists.
M.S. Economics & Computation (MSEC)
The joint field of economics and computer science was created from two converging intellectual needs: Computer science has become very important for economists working with big data to address complex questions.  Ideal candidates for this program are students interested in learning about computational mechanism design with applications to economics.
M.S. Quantitative Financial Economics (MQFE)
Designed for students who want to go deeper and rigor that is required by advanced academic programs, as well as in the private sector, this program offers advanced courses in analysis of high-frequency data, volatility modeling, and continuous-time finance.

PH.D

Duke University offers a state-of-the-art doctoral program in economics, featuring an exceptional faculty of scholars and teachers, as well as superior research facilities. The faculty is committed to firmly anchoring all teaching and research in the core disciplines of macroeconomics, microeconomics, and econometrics. In the first year of the program, the critical foundation necessary for later work in field courses and dissertation-level research is learned.

As a student of Duke’s Ph.D. program, you become part of a community of economists that aim to transform conventional assumptions and go into areas of inquiry that goes beyond the traditional boundaries within the field of economics and other disciplines. Among the many opportunities for interaction with related disciplines, are the finance and regulation through the Fuqua School of Business, the environmental economics in conjunction with the Nicholas School of the Environment and Earth Sciences, law and economics through the School of Law, statistics through the Statistical Sciences, and public policy through the Sanford Institute of Public Policy. 

Joint Degrees

The Duke MBA consists of various joint degree programs in conjunction with other graduate and professional programs. Joint degree programs allow students to earn two degrees in less time than if they enrolled in the two programs separately. Joint degrees are offered with Duke University School of Medicine, Nicholas School of the Environment and Earth Sciences, Duke University School of Law, Sanford School of Public Policy, and the Duke University School of Nursing. 

Fuqua School of Business Review 

3,796 applications were received for the Duke MBA class of 2019 and the acceptance rate of 22%. Almost half of the accepted students into the MBA program enrolled to fill a class of 439. Fuqua reported a median GMAT score of 710, an 80% GMAT range of 660–750, with 39% international male and 34% female students.  

Fuqua School of Business Interview

Though Fuqua interviews are conducted by invitation only, there’s is an Open Interview Period whereby all early applicants are invited for an interview. You are not expected to have a completed application to be interviewed during the Open Interview Period, but it is important you must have started an application and have already completed the biographical information section.

The Fuqua interview may be conducted by either a staff member, alumni, or current student. The estimated time given by Fuqua for the interview

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is 30-45 minutes. Due to the pandemic, this year’s admissions cycle interviews will be held remotely. The questions will be behavioral interview questions and the interview will be blind.

Interviewer profile

The Fuqua interview may be conducted by either a staff member, alumni, or current student. The Interview is an opportunity for the applicant to explain their resumes through relaxed conversation. The interviewer may not have read through the applicant’s resume yet. 

The Interviews will be straightforward for the most part, but you should be ready to answer an unexpected question or two if you’re asked. The interview tone is basically conversational and informal. 

Most of the questions are heavily focused on your workplace experience and management style. They include open-ended inquiries about your leadership style to direct questions on your career trajectory. The interviewer will also want to know why you have chosen to go for your MBA at Fuqua school of business and what you can bring to the program. 

Length

The time duration for the interviews is between 30 and 45 minutes, but if you are having a remote interview, it may run long, even up to an hour. 

Location

In-person interviews are suspended for the 2021/2022 admissions cycle. Applicants are expected to prepare for a virtual interview. While preparing for the virtual business engagement, you should make sure you have good lighting, a high-speed wired Internet connection, and that your computer camera points directly to eye level.

Format

The Fuqua school of business interview questions are designed in a straightforward question-and-answer format. It starts with a resume walkthrough followed by 12 questions/prompts that begin with. The interviewer may take notes as you answer.

In the end, you may be asked if you have any questions for the interviewer. The Fuqua admission committee is especially interested in why an applicant wants to attend their program, so this is a good opportunity for you to show your genuine interest and passion for the Fuqua MBA. 

Duke MBA application

Personal information needed:

1. Educational background

2. Unofficial Transcripts:

You are expected to submit legibly, scanned copies of all unofficial transcripts from each college or university you have attended and where you have:

  • earned (or will earn) a degree;
  • studied for one or more semesters;
  • earned 12 or more credits (note: the 4 or more credits only apply if your university awards 1 credit for the typical class instead of 3 credits);
  • and/or taking a class that correlates to your graduate study interests. 

Transcripts must include:

  • Your name and the name of the university
  • Every course was taken and the grade received
  • The degree received and date it was conferred

You can upload a copy of your diploma if your transcripts do not state the degree and date conferred. Transcripts that are not in the English language must be translated, attested, and uploaded along with the original document. International students should go through the additional transcript guidelines.

3. Business resume:

You will submit a one-page resume electronically within the online application system. Include the location, title, date, and responsibilities, for employment and volunteer positions, starting with your most recent position. The education section should also include dates of attendance and degrees conferred. 

Your resume can include: 

  • Full-time employment
  • Volunteer work
  • Internships
  • Part-time work experience
  • Education

4. Activities and achievements

5. Self-reported test scores

GMAT, GRE, and Executive Assessment (EA) scores are accepted by Fuqua School of Business. Test scores are only valid for 5 years, and official score reports at the time of application are not required. You are only required to self-report your score and provide official scores when you are admitted. There is no preference for which exam you should provide, and you can update your scores after your application is submitted. There is no minimum test score requirement.

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6. Essays

7. Letter of Recommendation: It is necessary that your recommenders complete the current recommendation forms in the online application— as no other format of recommendation is accepted.

At least one recommendation should demonstrate your performance in your most recent professional setting. Other excellent sources for recommendations include Volunteer activities or other service-oriented roles in which you are part. The best recommendations should come from people who know your professional skills and abilities well enough. 

Other application basics you shouldn’t miss include:

  • Create a profile and get a PIN to access the Fuqua online system.
  • You are free to access the application anytime you want as you like before submitting it.
  • You will find every detailed instruction in the online system.
  • Until you submit your application and all supporting materials are received and verified, your application will not be evaluated. 

Do your research

Do your own research about Fuqua’s school of business, ask questions, visit the campus and attend a recruiting event, all to decide if the Duke MBA program is right for you.

Also, Review the online application and deadlines. Other important aspects of the timeline you should consider include when to apply if you’re an international student when your interview will be scheduled when you’ll receive a decision when your non-refundable tuition deposits are due, and when to start the visa process if required

Submit your application

Go through your application and ensure it is complete. This includes your essays, resume, letters of recommendation, application fee, and transcripts. To view your application status, log into your student portal.

Interview

The Fuqua school of business interviews for admission is of two types: the Open Period interview, and interviews by invitation (which includes interviews on invitation-only diversity weekends). You may schedule your campus visit activities at the same time you apply and interview.

Wait for your Admission decision

On the decision date for the round in which you apply, you’ll receive an admission decision via email. 

When admitted, to book your spot in the class, you must submit:

  • Two non-refundable tuition deposits, one for the round you were admitted, and the second in June prior to the start of the program 
  • Official test scores must be sent directly from the testing agency
  • Official transcripts sent directly from the university/s you attended
  • Program announcements
  • Computer and Technical information
  • Academic assignments to prepare to return to school
  • Relocation information and classmate information

You can make your non-refundable in the following ways: personal check, credit card, money order, e-check, or wire transfer.

Access our incoming student website

Admitted students will receive access to Fuqua’s incoming student website. The student website will be your main source of information and will help you completely understand the Fuqua community and the school’s expectations to give you a better idea of what being a full-time MBA student at Duke University is. 

Apply for a visa

The visa application information will be available in your student portal along with specific deadlines for submission if applicable. It is important you apply in Early Action, Round 1, or Round 2 visa processing which can be completed in several months, so to ensure you are joining the program on time.

Visit School Website

Conclusion

That’s everything on the Duke Fuqua School of Business Review. 

The department, courses, and programs are designed to help students develop the critical and analytical skills essential for understanding economics and institutions, in both their contemporary and historical settings.

And that’s not all. You’ll be equipped with the academic background necessary for positions in industry, for work in many branches of government service, for law school, and for graduate study in business administration, economics, and the social sciences.

FAQs on Fuqua School of Business Review 

Is Fuqua a prestigious school?

Fuqua is a prestigious business school well known for its solid healthcare education, and its focus on teamwork among its MBA student. 
The school offers the full-time MBA, the Accelerated Daytime MBA, Global Executive MBA and Weekend Executive MBA, and various degree-seeking programs, including non-degree business education, professional development programs, and other postgraduate offerings in business

Is Duke Fuqua MBA hard to get into?

Admission into Duke MBA is pretty hard. Over 36,000 applications are received by the school each year and 22-23 percent of the candidates who apply are accepted. 

Is Duke MBA good?

Duke MBA includes a full-time MBA, the Accelerated Daytime MBA, Global Executive MBA, and Weekend Executive MBA. In 2019, The Economist  Fuqua ranked the school’s MBA program #9 best business school in the US, while the Financial Times in 2022 ranked it 13th in the US.

What is Fuqua School of Business Tuition?

Fuqua’s full-time tuition is: $70,000 per year; executive MBA: $152,000 total program; and specialty master’s program: $73,290 total program.
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