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Duke Q&A Part 13: Fuqua Free For All
Our FuquaTalk Finale - you ask; we answer.
April 29, 2003
Ying Sha: Many schools specify the maximum credits a student can take during the two year MBA program. As I have strong interests in operation, marketing, production and corporate organization, can I take as many courses as I want at Fuqua?
Nichelle: We do NOt have any limits on how many courses you can take. You will have to get approval for an overload (which is 4 classes in your second year and 5 during your first year). Also, we don't have concentrations so you won't have a problem taking courses in different disciplines.
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Phiip: If a student is interested in a course outside of Fuqua, for example a photography course, can that student take that course Pass/Fail or on a not-for-credit basis through the larger Duke University? If yes, are there restrictions (e.g. limit on number) or requirments (e.g. only graduate level classes) placed on the additional interest classes which a student may take.
Nichelle: You can take courses outside of the business school. Many students take advantage of this from ballroom dancing to law school courses. You can take 4 classes outside of Fuqua for credit towards your MBA.
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Sadhna Sachdev (Philadelphia): I understand Fuqua faculty are Nobel Laureates and experienced business people able to bring innovative theories and business trends to classrooms. What do you feel allows Fuqua's faculty to stand out?
Eric Wichems: There are several things that I think allow them to do this. First of all....they are part of an excellent network of professors at other schools and there is a frequent exchange of professors for 1 year sabbaticals and visiting professor programs. These exchanges allow professors to exchange a lot of good ideas. The other parts are that students pretty much demand to know the latest research (we have very interactive classes) which encourages the faculty to "bounce" ideas off of students. There are also a lot of research opportunities that involve students. Does this answer your questions?
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Monica (chicago): What is the job placement percentage right now for the 2nd years?
Nichelle: I think we are over 60% based on the last statistics that I saw. We are doing well compared to our peer schools. The Career Management Center told us that we are 3rd in comparison to the other top 20 programs. They are still working hard to help us in this tight economy!
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Pedro (Buenos Aires): How does it defer an average week from a MBA student concentrating in Health Care Management from a week of the others students?
Eric Wichems: The difference is in the types of classes you take. I believe that the Health Care Management program requires you to take 5 classes plus a seminar at the beginning of the year. In addition, they have a lot of interaction with the Health Sector Management faculty. However, HSM classes are open to all students (if there is room) and everyone can participate in the Health Care Club activities. Thus, it is not that different except for the fact that you truly are focusing and you take 5 fewer electives (unless you overload) because of the HSM requirements
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Guim Barbour (Washington, DC): I am interested in your opinion of placing out of first year classes. Do you think that it worth taking a more advanced class if you can, or is it better to just stay in the required class and participate with the students in your section?
Nichelle: I would suggest that you place out of as many classes as you can. One reason is that...say you're a CPA, you would be bored in a core accounting class. You would probably prefer to take classes in whatever field you want to work in after business school. Also, you can get more exposure to more topics or get deeper knowledge in your field in you place out of classes.
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sergio civetta (miami): I think Fuqua is a school with a very solid culture, per the work interviews that you have conducted, what are the main elements of that culture that are regarded as valuable by recruiters?
Eric Wichems: One of the number one attributes that is valued is the ability to work in teams. Other elements include the fact that we are very multidisciplinary in the classes we take which make us pretty well rounded. I think those are the main two but there are lots more.....
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Kamalakar (Hyderabad): I am on the waitlist for the class entering in fall 2003. Can I still hope to be admitted?
Nichelle: I'm just a student and I really don't have any insight into that process. If you haven't already been in contact with the admissions office, you could do that.
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Phiip: Based on your experience, what percent of Fuqua students buy a house/townhouse as oppose to rent? Do you have any advice for those students who are considering buying?
Eric Wichems: I was a former homeowner before I came here and decided to rent. People that want to stay in the area tend to buy more. I think the number of people that buy is very low because you are only here for 2 years. I decided to rent a house because I didn't want to go through the hassle of reselling my home and real estate agents also take about a 6% cut for trying to sell your home. Unless you know you want to stay here for sure...I would rent. Even if you stay here, you may want to move again anyway because of where work is.
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Tim (Boston): Understanding that no day is typical, what is a "typical" day like for you at Duke (particularly first year)?
Nichelle: A typical day is atypical!!! You probably have 2 classes (2.25 hour classes with a 15 minute break). Then you likely have team meetings to prepare assignments for class. During the Fall you will have SIPs (Special Interests Presentations) which is a company recruiting presentation. Then, you will probably have reading to do to prepare for class and more assignments. Because students at Fuqua are very involved, you will likely have a club meeting or some other leadership positions, etc. In all, you can take on as much as you can handle outside of class! And we tend to bring it on! ;) In all, there is
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Ying Sha: Thanks! My second question is: What does the two-year Fuqua experience impact most on a person's value, in terms of both personal and professional perspective?
Nichelle: I think the greatest impact for me professionally is the ability to think very broadly about business and business issues. I have the proper context for the business world and how to run a corporation. Personally, the scope of things that I can juggle at one time, has grown exponentially. I think I am a better communicator. I have a bigger network and I have learned from some of the industry leaders that visit campus.
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Ellen Schwartz (New York): Is there any pre-course work that is required to be completed before the term begins? Also, what topics does the math camp cover and how worthwhile do you think it is to attend for an individual with a moderate quantitative background?
Eric Wichems: There usually is a pre-assignment due for every class before the term starts. In other words, you hit the ground running on the first day of class. For incoming students, though, there is no pre-course work assigned until you finish ILE1. Math Camp is a review of algebra, time value of money, calculus, etc. I didn't do it (I'm an engineer) and Nishelle said that you "don't necessarily need to do it". I would suggest that if you are weak in math that you consider it because you take statistics in the first term.
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Sadhna Sachdev (Philadelphia): Yes, thank-you. How can students get involved in research, by researching faculty interests and signing up before the term? Are these research positions paid or do they allow one to obtain credits?
Eric Wichems: You can contact professors in the area you are interested in. Sometimes the faculty will have their interests on the bio sheets. Whether they are paid or not really depends on the complexity of what you need to do and whether the professor has funding for your activities. You can arrange with the professor to do research as an independent study for class credit. This is an arrangement that needs to be worked out with the professor and the academic center.
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Dinesh (San Diego): Looking back over your experiences, what would be the one or two things you wish you had taken advantage of earlier at Fuqua
Nichelle: I wish I would have tried to place out of more classes. I wish I would have looked at more entrepreneurial activities than I did. (There are lots of things that I could have done, but I just took couple classes.) There are also some classmates that I wish I would have gotten to know sooner. We have such wonderful people here from all over the world and it would be a shame not to know almost everyone when you leave.
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Phiip: Is there a limit to the number of core classes which a student may exempt? Also, on average, what percent of students exempt courses/how many courses do they exempt?
Eric Wichems: There is no limit. I know someone who exempted out of 7 courses! I don't know the percentages but I'm guessing that about a third to a half exempt out of one course or another.
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Omkar (Mumbai): Hi Eric and Nichelle, Thanks for your time. How strong is information technology consulting in terms of student participation, experienced faculty and career opportunities thereafter?
Nichelle: There are some courses that focus on this topic, but in general, business school is not teaching you technology, but rather how to manage technology. Some of the small business consulting opportunities are around IT management.
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Omkar (Mumbai): What were your expectations from duke MBA and how would you rate quality of your experiences at duke against those expectations in terms of achieving those?
Nichelle: My expectations were to gain a solid business foundation and get a agreat start to my career after graduation. Fuqua has definitely set me up very well. I can proudly say that I have accomplished those goals. I gained so much more than I expected. I am more savvy about so many more things. I have been exposed to so many more opportunities.
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Pedro (Buenos Aires): Based on your experience, how early it is advisable to arrive at Fuqua before the Program starts?
Nichelle: Absolutely!!!! I got here about 3 weeks before orientation. I would advise that you have at least that much time too. The reason is, once orientation starts, you are going to be very busy!! Your load will not get lighter until the winter holidays!!! ;) If you are required to attend Summer Institute or you want to go to Math Camp or Computer Camp, you should come even earlier.
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Eric Miller (Minneapolis): Are there any Fuqua-affiliated activities during the summer, prior to orientation? I'm moving down from MN in July, and was wondering any way to get involved.
Nichelle: There is math camp and computer camp. There is also the LEAD program for which incoming students occasionally volunteer to be counselors for high school students learning business here at Fuqua. (check out the website for more details.) Other than that, there are always students that are getting together to hang out and learn the area. But nothing else official that I can think of.
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Daniel Beckmann (Princeton): First: Thank you, Eric and Nichelle, for hosting the final Fuqua Talk. Second: Now that you are near completion of the Fuqua MBA program, is there any advise you can give us in regards to things you would do differently if you could go through the program again?
Eric Wichems: Great question! I had a great time here and there is not much I would change. I might take different classes. That, however, is probably a copout answer. So...if I had to do it over again I would try to do some more work outside of school to apply my business skills. I did this during my second year when I worked pro-bono for a local non-profit. It was very rewarding and I might have done that. However, this would mean having to sacrifice something I did and it would be tough to decide what I would "let go".
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Guim Barbour (Washington, DC): I will pursue a job from companies that are unlikely to recruit on campus. How has the CMC been helpful in helping students attain jobs from non-recruiting firms?
Eric Wichems: I think they do pretty well. They will give you a lot of tools that you can use. I pursued an internship for a company that did not recruit on campus and found the alumni network to be very valuable.
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Gene Lee: What was the most difficult task that you endured over two years of hard work?
Eric Wichems: I think the most difficult task for me was time management. There are so many things to do inside and outside of the classroom. The piece of advice that I would give is that you really should take some time to think about what you want to get out of the program....academically and personally. Then focus on activities that will enhance these. Everyone has a different system but you can become overwhelmed with all the stuff there is to do here!
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Gilbertson (Bismarck, ND): I know at some b-schools, it's difficult to find accessible professors with consistent office hours. How accessible have you found the Fuqua professors?
Nichelle: Fuqua professors are EXTREMELY accessible! They all have office hours and are available by appointment. But, what I think is even better is that they professors hang out with us at Fuqua Friday (Fuqua staff, students, and faculty social every Friday). The faculty is available for other things outside of class as well. I have approached faculty about being advisors for case competitions or just to advise me on a business idea I have personally. They are genuinely interested in us. Several of my core professors from last year ask me about the job search and what I am doing now.
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Daniel Beckmann (Princeton): Do either of you have experience with family life at Fuqua (i.e. spouse and children)? If yes, can you share some of your thoughts on issues and/or problems that surfaced with combining both family and MBA? How did Fuqua address these issues?
Eric Wichems: I'm married. The Fuqua Community was one of the reasons I came to school. My wife has made lots of friends and some of my classmates will actually go do things with my wife without even inviting me (girls night out and such). I think this is a very comfortable life here. I only live 3 minutes away from campus, Fuqua Fridays bring everyone together at the end of the week, and it is a pretty nice place. Families are almost a part of the student body. The big thing again, is time management. There are times when I had to say no to pretty fun activities because I thought it was important just to spend time with my wife alone.
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sergio civetta (miami): Can you broadly comment about the financing alternatives, and how easy or difficult the access to credit to study at Fuqua?
Eric Wichems: For all: Scholarships, internships For U.S./Permanent Residents: Stafford Loans, MBA Loans, etc. For international students: Duke Opportunity Loan (can borrow up to the amount of tuition every year). Access to credit is almost too easy....have to be careful not to go overboard with your debt!
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Sadhna Sachdev (Philadelphia): Do students take core classes with a specific group of peers? And how are classes conducted to promote multidisciplinary learning?
Nichelle: Yes, you take your core classes in your section (unless you place out of something). This helps you to get to know 60 people pretty well and pretty quickly. The administration designs each section to be a microcosm of the school in terms of diversity of professional experience, geography, international, gender, race, etc. Multidisciplinary learning is always going on because within those sections, everyone is sharing ideas. The teams that you are assigned to as a first year are also multidisciplinary.
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Pedro (Buenos Aires): What would you recommend, living on campus and walking to Fuqua or living off campus and commuting by car?
Eric Wichems: I would recommend living off campus and commuting by car. You will need a car anyway to do grocery shopping and to get around. Off campus housing is also much nicer than apartments that are adjacent to the school.
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Pedro (Buenos Aires): Do students have the time and opportunity to actively organize meetings and events during school?
Eric Wichems: Yes they do....it is again all a matter of time prioritization
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Phiip: Do you all know how a course which a student exempts is reflected on their transcript? Does the course appear with a designation that the student exempted it or are these courses simply not reflected?
Nichelle: I am not sure how it shows on your transcript. I would contact the registrar's office when you get here. Sorry!
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Vijay (New York): Fuqua is a great school and the culture there rocks!! However, can u tell us about what Fuqua lacks?
Eric Wichems: Hmmmm....I guess it depends on what you really want. I did a lot of investigating and wanted to come to a school that was VERY good in finance, accounting, and marketing and this school definitely met my expectations. If, however, your interests lie in manufacturing operations and this is the sole focus of your MBA then you probably would be better off somewhere else. Another thing that it lacks is a large alumni base since we are so young. The alumni I have interacted with, though, are very supportive and one even helped me get my internship!
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Scott: How about laptops? Necessary? Could you bring, for example, a tablet PC into a classroom and take notes on it? (its less disturbing to profs than a laptop, I would think)
Nichelle: We have a wireless network which is awesome! And you will see many people using laptops all around the building but, we do NOT do laptops in class. There are plenty computers here. (In fact, Eric and I are sitting in a brand new computer lab right now!!!) As far as a tablet PC, it's probably not permitted either. Laptops and the like can be a distraction. (I know because I have friends at other schools who send me instant messages during their classes.)
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Dan (New York): Hi, do you have an idea as to the general breakdown of where this year's graduates are finding employment: finance (Wall St), consulting, etc.
Eric Wichems: This is purely my own guess based on how the economy is doing. If you want to know for sure, contact the CMC...they should have statistics in a month or two. Wall Street is down...so is consulting (due to the economy). Rotational programs are up as is pharma & healthcare. A lot of people are going to solid blue chip companies like IBM, J&J, John Deere, Harley Davidson, etc.
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Dan (New York): Is it necessary to buy/lease a car?
Nichelle: Yeah, this is definitely a car place! Unlike NYC there is not a lot of public transportation that you can count on especially that match an MBA's schedule.
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Blayre (DC): Hi Eric and Nichelle. Do you find that students have time to work limited hours on or off campus?
Nichelle: YEAH! Almost all of us have little jobs here and there and they are mostly on campus positions since that is more convenient to our schedules. During orientation you can find out about all sorts of opportunities around here. As a second year, several of the leadership positions are paid, like Admissions Fellows, Career Fellows, etc.
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Jody Smith (Raleigh): Hi, I just wanted to know more about how the grading system works. What grades are there and where do most students fall?
Eric Wichems: The grades (and their equivalent GPA) are: SP - 4.0 HP - 3.5 P - 3.0 LP - ? F - 0 Grading is based on a curve. 25% of the class gets SPs for the core (30% for electives), then about half of the total get HP. About 25%-30% get P's.
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Sadhna Sachdev (Philadelphia): How many students comprise a section? And how are classes conducted to promote multidisciplinary learning?
Eric Wichems: About 65 students make up a section. They try to create sections so that there is a wide diversity of people in each sections. In your core they assign teams so you will work with people from other cultures, races, etc. I've even tried to form teams with all Latin Americans so we could do our team meetings in Spanish...just for the experience. Diversity is also rolled in the topics and class participation is usually a key part of your grade. Professors also will specifically request input from people who aren't as "vocal" in class
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Sadhna Sachdev (Philadelphia): What do you feel the CMC has done, apart from other schools, to obtain a high career placement percentage?
Eric Wichems: Here are the things I think help a lot: 1) Career Fellows Program - A group of 30 2nd year students are paid to help first years with resumes, cover letter, advice, and mock interviews. 2) They put on a lot of workshops on a lot of different topics that you will need when you do an independent or on-campus job search. 3) The CMC is a constant presence....lots of announcements, etc. You pretty much know from day one that you need to start to prepare to look for a job. 4) The CMC targets a lot of different industries which helps in times like these when banking and consulting have down years.
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Anil Bhambhani (New York): Can you talk about the cost of living? ie - how much is rent?
Nichelle: You will think rent is dirt cheap coming form New York. You can get a decent one bedroom for $500-$700. Two bedroom $700 and up. There are loft options, cottages, home rentals, etc.
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Gilbertson (Bismarck, ND): What type of initiatives has Fuqua made to ensure that it has a wide variety of very diverse voices in the classroom?
Eric Wichems: First of all the professors come from very diverse backgrounds. I've had professors from Israel, China, India, U.S., Greece, etc. Second of all, there are no laptops in the classroom which really encourages people to focus on what is happening in class. International students can be shy at first but quickly contribute to class discussions. Professors also do a good job in asking specific questions like "What do the international students think about....". Also, as I mentioned before, in core you will be assigned teams and they try to make these very diverse. Lastly, diversity is frequently incorporated in one way or other in the curriculum....company culture, international issues, etc.
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Anil Bhambhani (New York): Did either of you study abroad? Can you talk about opportunities to do so?
Eric Wichems: There are several options to study abroad....I didn't do any of them since I'm an international student and, technically, I'm studying abroad right now! However, we have exchange programs with universities in Barcelona, London, Switzerland, South Africa, Australia, Thailand, Korea, etc. The application procedure is pretty straightforward and you are usually gone for about 6 weeks (i.e. one term). Other opportunities to study abroad are the GATE program where you study here at Duke for a term and then take a trip to the focus area at the end of the term. Lots of other international opportunities beyond these two programs such as consulting for international businesses wanting to do business in the U.S., etc.
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Vijay (New York): Thank you so very much for your time and good luck. Can you briefly comment on the life in Durham......
Nichelle: Life in Durham... Well, it's not New York but you know that. We hang out a lot together and we also socialize with other grad students in the area at the schools nearby (Duke Med, Duke Law, UNC, etc.) Also, Chapel Hill has a nice little club area where there are bars and clubson the same little street. Raleigh has several pretty nice clubs too.
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Gene Lee: What was the most difficult task that you accomplished over two years of rigorous Fuqua MBA program?
Nichelle: The most difficult task was time and task management. I was a consultant prior to business school and I thought I was pretty proficient at time management, but this has tested me in new ways. Now, I know that I am even stronger in this area. I can produce quality work given the time constraints and I know that I can juggle about 40K extra things!
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Gene Lee: I have two questions: 1. How often do you have guest speakers? 2. Is there any student-run business conferences?
Eric Wichems: 1. The number of guest speakers varies based on the class. Some will have one or two, others will have a lot more...some will have none. I just took a biotech class where we had a guest speaker for every class! We also have the Distinguished Speaker Series where we try to bring a captain of industry (CEO, etc) to give a guest lecture open to the whole student body. We have about 12 a year. Lastly, there are alot of guest speakers that come to the Public Policy School and the Law School. 2. There are several student-run conferences. There is the Leadership Conference which we just had, there is the high tech conference we put on (E-vision), every club holds a one day symposium (marketing, finance, operations, general management). These are some of the ones that come to the top of my head. We also organize a lot of joint conferences with other schools.
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Anonymous: Hello, Nichelle & Eric! Duke is famous for liberal arts and science. I wonder if Fuqua students are allowed to take any courses from other schools of Duke, including undergraduate. Thank you!
Eric Wichems : Yes they are...you are allowed to take 4 courses out of Fuqua and I know someone who has taken a couple of undergraduate courses.
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Anonymous: What about the internships for first year students? How is that coming along?
Eric Wichems: I think it is coming along pretty well but it is early to tell because we finish so early. A lot of internships really become available (and get decided on) from the end of April through the end of June.
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Anonymous: Is there any Graduate Assistantship for the second year students, either from Fuqua or the larger Duke?
Eric Wichems: Maybe not in the way you are thinking....there are opportunities to make a little money at school by being a Career Fellow or an Admissions Fellow (the people that interview prospective students). You can also try to work an arrangement with a local company. Let me warn you, though, that school is very hectic and it will be difficult to hold down a steady job.
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Anonymous: Congratulations Eric and Nichelle. Can you please tell us about the internship that you pursued last year.
Eric Wichems : I pursued a marketing internship with Honeywell. Pretty cool stuff...I worked on a business development deal with a competitor, a marketing model, and an improvement of one of their return processes. I got the job through an alum which was really nice because I met everyone I was going to interview and knew what I would be doing before I accepted. My boss had about 8 projects and he asked me which ones I wanted to do. So...I was able to match my goals very nicely to specific projects. This is a bit more difficult to do with formal internship programs.
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Anonymous: I really would like to improve my leadership skills...Is it hard to obtain leadership positions within the student clubs?
Eric Wichems : No, not really. There are also lots of other opportunities for leadership. For example, I got in contact with a local non-profit and have been offering my services pro-bono for the last year.
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Anonymous: How did you guys form teams?
Nichelle: During your first year, your teams will be assigned to facilitate your meeting all of your section mates. You may independently form a study group outside of your teams for class based on who your friends are, who is good at a certain subject, etc. By your second year, you have the team thing down! You select your own diverse teams to make sure that you have finance people, marketing, etc. It makes most assignments better!!!
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Anonymous: Specific question about assistantship. Is it possible that a Fuqua student find a job as assistant for a professor either at Fuqua or the larger Duke University?
Eric Wichems : Yes, it is possible. I have friend of mine who is Finance assistant for an undergraduate class.
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Anonymous: It is said that time management is crucial to the survival and success of a B-school student. Would you like to talk about your time management at Fuqua? And any advice? Thanks!
Nichelle: Yes, time management is crucial. You have to 1) study, 2) get to know your classmates, 3) get a job, 4) be active. So, that takes some skill and the priority order on those things listed above always shift. I would make sure that group projects are covered first since you cannot let your team down! Other than that, you will juggle everything. One nice thing about school vs. work is that you can do whatever, whenever! So, other than going to classes at set times, you can work out, study, volunteer, whenever you have time! Also, take naps! ;)
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Anonymous: I got a probably odd question. How long averagely did you guys sleep everyday? I heard that first year of a top MBA like fuqua id like hell. How do you comment on your first year at Fuqua? Thanks a lot!
Nichelle: The first year at any top program is going to be tough. Sleep is for mortals!!! Just kidding! Seriously, I probably got about 5-6 hours and less during finals. But, I definitely got more sleep time with naps (it is not unusual to see classmates catching a quick nap somewhere in the building)! Also, sleep before you move to Durham! It's the best thing you can do to get ready for school! ;)
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Anonymous: I understand that there is no formal class on Friday. Correct?
Nichelle: We have Monday & Thursday classes or Tuesday & Friday classes. There is no class on Wednesday. you have team meetings and committee meetings that day.
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Anonymous: As a female, I am concerned about the safety of the area around Fuqua in the evenings, especially the walk from the school to the parking lot. Is it pretty safe to walk around Fuqua at night alone?
Nichelle: I think safety is a big issue for women in general but I am pleased to say that I have not had to worry about it here. We do keep late hours but there is good lighting to the parking lot and normally your classmates are very cognizant about safety and we tend to walk in groups. There are also emergency phones along the walk and throughout campus. In the building, I feel very secure. There are always students around.
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发表于 2003-9-23 09:11:00
