MBA Admissions: Duke Fuqua & Nonprofit Management

By - Feb 19, 07:14 AM Comments [0]

A quick glance at Duke Fuqua currently ranks in 12th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in 7th place for nonprofit management.

Duke Fuqua’s Class of 2014 and Management

The class of 2014 Daytime MBA class size is 432 students with an average age of 29.

99.3% of students entered with work experience; the average years of work experience is 5.4 years. The 80% range of students scored between 640 and 740 on the GMAT and have an undergraduate GPA of 2.9 to 3.9.

Engineering and Natural Sciences is the highest represented major (32% of students). Following close after that is the Business and Accounting major (31%), followed by Liberal Arts (20%), and Economics (13%).

Fuqua Academics Related to Nonprofit Management

Since obtaining global knowledge is a foundational element of the Duke Fuqua mission, the two-year program kicks off with a four-week Global Institute featuring three core courses:

  1. Leadership, Ethics, and Organizations
  2. Global Institutions and Environments
  3. Consequential Leadership

To continue their global business training, student will receive opportunities to experience international business and cultural practices head-on in other countries with the Global Academic Travel Experience (GATE) and various exchange programs. There’s also the Fuqua Client Consulting Practicum (FCCP) in which students work with businesses and nonprofit organizations to address company challenges.

Mini-Terms with Lots of Classes

To receive as diverse a range of knowledge as possible, terms at Fuqua are broken up into six-week periods – that means that each “traditional” semester (Fall and Spring) is actually broken down into two sessions for a total of four groups of classes per year.

First Year Classes

Fall 1

  • Probability and Statistics
  • Managerial Economics
  • Financial Accounting
  • Management Communication I
  • Business Computer Applications
  • Core course in finance for those with exemptions

Fall 2

  • Global Financial Management
  • Marketing Management
  • Foundations of Strategy
  • Management Communication II
  • Potential elective if core is exempted or taken in Fall 1

Winter Term

  • Optional elective: Workshop in Managerial Improvisation

Spring 1

  • Operations Management
  • Elective
  • Elective

Spring 2

  • Elective
  • Elective
  • Elective

Second Year: Students general take three elective courses per term.

Choosing a Concentration and Elective Courses

Students can choose to focus on a specialized concentration (see list of concentrations here) and then choose six elective courses in that area. Specializing in a concentration is optional; students may concentrate in up to two areas.

There are a number of concentrations that would be of interest to management students, including Social Entrepreneurship, Management, Leadership & Ethics, and Energy & Environment. (Lists of required courses can be found if you click on any of the above links.)

Examples of courses for those who want to focus on nonprofit management and social entrepreneurship include:

  • LAW 541 – Exempt Organizations
  • PUBPOL 559S/LAW 585 – Philanthropy, Voluntarism & Not-For-Profit Management
  • PUBPOL 830.02 – Nonprofit Management
  • PUBPOL 830.04 – Foundation Strategy and Impact
  • CASE Affiliated Electives
  • MGT 491 - Corporate Social Impact Management
  • MGT 426 – Social Entrepreneurship
  • STATEGY 490 – Global Consulting Practicum Spring Term 1 & 2 (trip during Spring Break – confirmed countries: India, Belize, South Africa)
  • MGT 491 – Advanced Seminar in Social Entrepreneurship
  • FINANCE 356 – Entrepreneurial Finance
  • FINANCE 491 – Small and Minority Business Finance
  • MANAGEMT 491 – Entrepreneurial Execution/Planning
  • MANAGEMT 431 – Mentored Study in Entrepreneurship
  • MGRECON 407/LAW 515A – Government, Business and the Global Economy
  • STRATEGY 333 – Entrepreneurial Strategy
  • DECISION 491 – Decision Tools for Environmental Sustainability

Students who are interested in health care management may enroll in the Health Sector Management (HSM) certificate program. You can read about the certificate requirements here. Another certificate program of interest to nonprofit management/social enterprise students is the Certificate in International Development Policy from the Duke Center for International Development at The Terry Sanford School of Public Policy. Students may also cross-register for related courses at the Duke Law School, the Terry Sanford Institute of Public Policy, the Nicholas School of the Environment, and UNC Kenan-Flagler Business School’s Center for Sustainable Enterprise (11 miles away).

Students who wish to pursue careers in nonprofit management may want to consider getting involved in the CASE Summer Internship Program in which students spend their summer working with government agencies and nonprofit organizations learning about the challenges and rewards of social sector management. Past CASE Summer Internships include work with the Alzheimer’s Association – NYC Chapter, Education Pioneers, Institute for Sustainable Development (Green Plus Program), Benetech, Nature Conservancy, Social Enterprise Associates/SEEP Network, Self-Help, Teach for America and others. See the complete list here.

Nonprofit management and social enterprise students are also eligible for the CASE Social Sector Scholarship. You can read more about this and other social enterprise programs on Fuqua’s The Center for the Advancement of Social Entrepreneurship (CASE) site.

Other research centers related to this topic include:

Fuqua Nonprofit Management/Social Enterprise Clubs

2012 Nonprofit Management Hiring Stats at Duke Fuqua

The chart below shows the class of 2012 full-time employment stats for nonprofit management/social enterprise students:

Industry Percent of Grads Mean Salary ($) Median Signing Bonus ($)
Education <1% N/A N/A
Healthcare 11% 104,188 20,000
Energy/Utilities 2% 119,400 20,000
Nonprofit <1% N/A N/A

***

For class of 2013 interns (for the summer of 2012), the breakdown goes as follows:

Industry Percent of Interns Mean Monthly Salary ($)
Non-Profit 2% 3,195
Education 2% 3,600
Energy/Utilities 3% 5,229
Healthcare 11% 6,428

***

Function Percent of Interns Mean Monthly Salary ($)
Healthcare/Social Impact <1% N/A
Education <1% N/A
Other – Social Impact <1% N/A

***

See a list of hiring companies for 2011-2012 here.

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