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| FROM Fuqua Student Blogs: Why Investment Banking? |
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Like many of my Fuqua classmates, my career objectives diverged from what I wrote in my admissions essays. When I applied to the joint JD/MBA program in September 2014, only a few months into getting my Master in Accounting at The University of North Carolina, I was leaning more towards consulting, with a few other options on my radar—investment banking, tax law and ‘startup law.’ Fortunately, Fuqua’s MBA program doesn’t lock you into recruiting for a specific sector, and as it turns out, was a great platform to break into investment banking. Exploring My Career Options When I decided to complete the first year of my JD/MBA at the law school, it gave me additional time to figure out what career I did (and didn’t) want to pursue. So I spoke with former and present practitioners about the highs and lows of their job, took relevant elective courses to rule out the areas of law that didn’t interest me, and focused exclusively on recruiting through the business school before I even started my MBA. I also attended the inaugural Poets & Quants Pre-MBA Networking Festival in New York City, where I visited the offices of several bulge bracket banks, picked the brains of bankers and bank HR reps, and came to the conclusion that banking was a better fit than consulting. To be sure I knew what I was getting myself into, I spent my summer reading several (favorable and unfavorable) books on investment banking. Preparing for Recruiting As I am sure any Fuqua student would tell you, preparation for on-campus recruiting starts and accelerates in the blink of an eye, just after orientation in July. To narrow my search, I got a deep dive into different sectors during the Career Management Center’s Career Intensive days in late August, participated in both the Consulting Club’s and the Finance Club’s Symposia in early September, and then met with bank representatives at company presentations almost every evening from late September until fall break. I spent most of fall break in New York, participating in the Finance Club’s Week on Wall Street networking receptions, followed by personally organized informational and behavioral interviews. November through early January is when final round interviews take place. I’ll travel to New York and meet with the banks where I’ve gained the most traction, prepare for technical interviews, and hopefully, attend invite-only events as they narrow down their candidate lists. Future bankers #weekonwallstreet #fuqua #mba #fuquatravels #fallbreak A photo posted by cl. (@cheney_li) on Oct 19, 2016 at 5:58pm PDT Why Investment Banking? One question that you’ll be asked during the interview process is why you’re interested in this particular career. My answers are:
Why Fuqua? If you want to recruit for investment banking but are undecided which MBA program will give you the best background, I’ll tell you that:
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| FROM Fuqua Student Blogs: Around The World: A Highlight of Fuqua’s Social Calendar |
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Once a term, you will find MBA students queuing up patiently to buy tickets to Around The World, the flagship event hosted by the Duke MBA Wine Club. This social event takes place on the penultimate Tuesday of each term, giving students the chance to taste wine and learn about a carefully curated selection from a specific world region. Informally known as “ATW” on campus, this event is in such high demand that all 200 tickets typically sell out within 15 minutes. To me, it exemplifies everything fantastic about Fuqua. But of course I’m biased—I’m the co-president of the Wine Club). Not only does the event enable students to relax with friends after a long day of classes, it is also a great opportunity to meet and get to know classmates you may not have previously. Attendees are split into groups of 25 to foster a more intimate experience, and each group visits three different wine “regions” to taste different wines over the course of the two-hour experience. Groups are randomized so that students have a greater chance of meeting people from different backgrounds, different sections, and different graduating classes. What’s the longest line in the Fox Center this week during lunch? Tickets for the Around the World event put on by the Duke MBA Wine Club. One of the more popular events get to know your classmates while learning about wine from different regions A photo posted by Duke Fuqua (@dukefuqua) on Sep 29, 2016 at 8:50am PDT Additionally, the organization of the event speaks to the highly collaborative nature of Fuqua. The Wine Club Cabinet (or “Cabernet” as I like to call it) is comprised of 15 first- and second-year students, all of whom work tirelessly to ensure successful club events each term. So much work goes on behind the scenes when planning the logistics of the evening: securing funding, choosing a theme and the wines, distributing tickets, randomizing groups, buying the wines, and of course hosting the event across nine mini-venues. The Wine Club also collaborates with other Fuqua clubs (such as the Marketing Club, the Consulting Club, the Culinary Club, and the Cocktail & Spirits Club) to host a wide range of events each term. On a personal level, I have found the position of Wine Club Co-President to be extremely rewarding, enabling me to hone my leadership skills and practice the (sometimes daunting) task of leading peers. I have learned so much from the experience so far, and crucially, have had a great time doing so. Even though I have hosted six of these wine tasting events to date, each continues to be a highlight of Fuqua’s social calendar that term. https://blogs.fuqua.duke.edu/duke-mba/w ... 24x576.jpg The post Around The World: A Highlight of Fuqua’s Social Calendar appeared first on Duke Daytime MBA Student Blog. |
| FROM Fuqua Student Blogs: Beginning a Career in Energy: My PG&E Internship |
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What do you want to be when you grow up? How many children hear this question and with palpable excitement in their eyes say, “I want to work at a UTILITY!” I’m that kid in an adult body. The idea probably sounds ludicrous, because who wants to work at a utility? Maintaining this complex, resilient system is critical, but for the last 100 years, it has not necessarily been interesting. But that conventional wisdom has changed dramatically. As an MBA, Pacific Gas & Electric (PG&E) rocketed to the top of my most-desired employer list, because the utility of the past is being upended by climate change, the natural gas revolution, and renewable energy. Renewable energy is arguably the greatest single opportunity to overcome the looming threat of climate change. But with that promise comes the kind of thorny systemic, financial and business model challenges that can light a fire under the most ambitious of MBAs. All of these challenges are connected by the grid. That’s why, when I was offered an internship at the San Francisco-based PG&E, the utility at the forefront of all these transformations, it felt like I won the recruiting lottery. Before Fuqua, I was a Foreign Affairs Major Fuqua has the kind of sterling reputation among the wider energy industry that lends you the credibility you need to get the attention of employers like PG&E. Before Fuqua, I’d never worked in or studied energy (I was a foreign affairs major), nor worked in an engineering, operations, or strategy function. All I really had was an unbridled passion for the subject. When I was applying for schools, I choose Fuqua because Duke’s MBA not only offered an unparalleled business education, but it was also the best energy school in the country. Unlike many schools which specialized in a single industry segment, Duke was strong across the full spectrum of energy—from oil & gas, to clean tech, to renewables—with the community and resources to help me leapfrog into interesting, impactful work. The Amazing Energy Opportunities at Fuqua When I arrived as a first-year student, the first thing I did was join the Fuqua Energy Club. I went to events hosted by the Duke University Energy Initiative. I took the Center for Energy, Development, and the Global Environment (EDGE) Seminar—a distinguished speaker series that covered Chevron, Opower, NextEra and Duke Energy. I signed up for an Fuqua Client Consulting Practicum (FCCP) studying the market impact of the Clean Power Plan. Second-years who had interned in the industry and Duke alumni spent hours talking to me about potential employers. Fuqua provided the resources and network to build the knowledge, network, and experience I needed to get that summer internship at PG&E and begin a career in energy. https://blogs.fuqua.duke.edu/duke-mba/w ... 24x602.jpg The Internship: Real World, Real Problems While at PG&E, I was assigned a project I didn’t initially think I would like—working with the Gas Regulatory Strategy team on the Gas Safety Plan. However, it didn’t take me long to realize that I had hit the goldmine. I found that I knew very little about Natural Gas, which is often considered a bridge fuel to a clean energy future. Since safety is the core thread that winds through all natural gas operations at PG&E, I got a crash course from nearly every manager in the gas business (also an excellent networking opportunity) and had several opportunities to present directly to the senior leadership of Gas Operations. I got the exposure I never dreamed of, learned more about natural gas in 10 weeks than I had in the last 10 years, and was able to publish a critical safety report, all during one summer. https://blogs.fuqua.duke.edu/duke-mba/w ... 00x225.jpg But the best part was the MBA program—I met five friends with whom I bonded instantly. We had the opportunity to tour hydropower plants, participate in the PG&E float in the San Francisco Pride Parade, go to a Giants game together, eat pizza at Indian Rock Park watching the sunset in Berkeley, and hear from senior executives like the CFO of the company. We celebrated together when we all got offers, and I signed mine shortly after I returned to Fuqua with a great deal of excitement and anticipation. To that little kid inside, it feels a bit like Fuqua has made it possible for me to do all these things, and to use these two years to make myself into the type of person that can achieve the things I want for my life and career. The post Beginning a Career in Energy: My PG&E Internship appeared first on Duke Daytime MBA Student Blog. |
| Duke EA+R1 Stats (GMATClub Users) | ||||
| Avg GMAT | GMAT Range | Avg GPA | Work Experience (in Years) | |
| Overall | 720 | 610-780 | 3.47 | 5 |
| Admitted | 728 | 670-770 | 3.59 | 5 |
| Denied/Waitlisted | 717 | 610-780 | 3.43 | 5 |
Success stories and strategies from high-scoring candidates.