Duke Fuqua

Essay Guide 2024-2025: The Fuqua School of Business at Duke University

The Fuqua School of Business at Duke University recently released its 2024-2025 application deadlines. The required essay prompts are unique in nature, and prospective students will benefit from getting started with brainstorming and drafting early. 

Round Application Deadline   Decision Notification

Early Action 04 September 2024       18 October 2024

Round 1         01 October 2024       12 December 2024

Round 2         09 January 2025         14 March 2025             

Round 3         20 February 2025   04 April 2025 

Round 4 03 April 2025               08 May 2025

The essay prompts at Duke showcase the value the school places on creating a diverse and cohesive class. They emphasize the importance of admitting students who are a good fit for the program, with the website calling out that “Finding the right fit is important—for you, and for Fuqua—so the admissions process for each of our programs is designed to ensure we learn about each other.” A significant portion of the essay word counts are in service to learning about the applicant as a full person and to understanding how the applicant would fit into and contribute to the student body at Fuqua. 

Required Short-answer Essay: What are your post-MBA career goals? Share with us your first-choice career plan and your alternate plan. (100 words)

Don’t overthink this question. State a clear post-MBA goal using straight-forward terminology that a fellow MBA would understand. A common mistake we see in MBA admissions is applicants who, unknowingly, position themselves as an employment risk by articulating a goal set that is too vague or unrelated to any of their past experiences.

Required Essay 1: 25 random things about yourself.

The 'Team Fuqua' spirit and community is one of the things that sets the MBA experience apart, and it is a concept that extends beyond the student body to include faculty, staff, and administration. Please share with us “25 Random Things” about you. The Admissions Committee wants to get to know YOU - beyond the professional and academic achievements listed in your resume and transcript. Share with us important life experiences, your hobbies, achievements, fun facts, or anything that helps us understand what makes you who you are. (750 words maximum. Please present your response in list form, numbered 1 to 25. Some points may be brief, while others may be longer.)

Duke believes that their program is best-served by putting together a diverse community from each applicant class and that “different types of people, points of view, and experiences bring out the best in everyone.” 

For this one, you will be sharing your outside-of-work self, and you can get quirky. You don’t have to relate everything to MBA-ready qualities that you have—though it’s great for some entries to speak to your values and skills. 

When it comes to this prompt, nearly everyone ends up writing something about a travel experience, a story about childhood ends up in the mix, as does a mention of time spent on an extracurricular team or in a club. That’s all fantastic. But after this, some folks hit a wall and don’t know what else to include to strike the right balance and tone. Twenty-five is a large number, so really do a wide search of yourself: Have you written a poem you’re proud of? Were you an Eagle Scout dropout? 

You also want these entries to be illustrative. So, not just, "I love dumplings." But, "I'm on the hunt for the best dumplings in NYC. So far, my favorite spot is White Bear in Flushing." Instead of writing, "I love non-fiction.", you might write, "I love non-fiction. I'm currently reading The Black Count, about Alexandre Dumas's father." You have 750 words to work with, so you have room to share more info in your favorite entries. So, does making Italian food bring back fond childhood memories of your grandmother’s kitchen? Details like this not only show admissions counselors your love of chicken piccata but also of family and your heritage.

Required Essay 2: The Fuqua community and you.

Fuqua prides itself on cultivating a culture of engagement. Our students enjoy a wide range of student-led organizations that provide opportunities for leadership development and personal fulfillment, as well as an outlet for contributing to society. Our student-led government, clubs, centers, and events are an integral part of the student culture and to the development of leaders. Based on your understanding of the Fuqua culture, what are 3 ways you expect to contribute at Fuqua? (500 words maximum).

Show Fuqua’s admissions officers how you will be a valued member of their community by anchoring your response in experiences from your past that will inform and invigorate your plan. 

Are you a passionate environmentalist who has spent your career in corporate social responsibility and hopes to spearhead a new student-led sustainability case competition for full-time MBA students? Did you start a pro-bono consulting group at your current employer, and you’d like to partner with a local organization to offer similar services alongside a group of your Fuqua colleagues? Consider also some of the clubs and activities that already exist at Fuqua. How will you get involved and contribute? In linking your passions and expertise to your proposed contributions, you will demonstrate to the admissions directors that you are the kind of collaborative, community-minded, and determined student they are looking for. 

Optional essay: Tell us more.

If you feel there are circumstances of which the admissions committee should be aware, please explain them here (e.g. unexplained gaps in work, choice of recommenders, inconsistent or questionable academic performance). Note that you should NOT upload additional essays nor additional recommendations in this area. The Optional Information section is intended to provide the admissions committee with insight into your circumstances only. (500 words maximum)

This essay is for additional context around a weak spot in your application. Did you get a C in calculus? Or withdraw from your courses your sophomore year to help a family member? Do you feel that your lackluster GMAT score isn’t indicative of your abilities?

If you are going to address a low grade in an analytical course or a low GMAT score, don’t make excuses. Spend the majority of your word count demonstrating your ability to excel in rigorous academic or professional environments by using specific examples. Provide information on similar classes in which you achieved excellent grades or give details about a professional pursuit that resulted in success.

If you are speaking to a more sensitive situation, perhaps a big mistake or legal issue that impacted your GPA, spend approximately 20 percent of your essay addressing the situation. Then use the remaining 80 percent on the actions you took to improve and what happened as a result. Do not make excuses, simply address the situation, placing the emphasis on what you learned. Remember, everyone makes mistakes, taking accountability and moving forward demonstrates maturity.

Related:

Essay Guide 2024-2025: The Writing Process

Essay Guide 2024-2025: Haas School of Business at the University of California, Berkeley

Essay Guide 2024-2025: Harvard Business School

Essay Guide 2024-2025: The Wharton School at the University of Pennsylvania

Women’s Enrollment in MBA Programs Continues to Climb

MBA matriculation is inching closer to gender parity. According to new data released by the Forte Foundation and reported by the Wall Street Journal, women make up 42 percent of 2023 MBA enrollees. This is up slightly from last year’s 41 percent and up significantly from 34 percent in 2013.

Five MBA programs did achieve gender parity: George Washington University’s School of Business, Oxford Said, Johns Hopkins Carey, U Penn Wharton, and Penn State Smeal. An additional 15 programs came close with women making up at least 44 percent of total enrollees. Among this group are some of the world’s most prestigious MBA programs. They include Northwestern Kellogg (48 percent), Stanford GSB (46 percent), MIT Sloan (46 percent), and Harvard Business School (45 percent).

Notably, two of the five programs that achieved gender parity, Oxford Said and Penn State Smeal, are one-year programs. Administrators from both schools told the WSJ that this shorter time commitment appeals to women, particularly those who carry family responsibilities.

Programs with the Highest Percentage of Female Matriculants (Fall 2023):

  • George Washington University (65 percent)

  • Oxford University-Saïd (51 percent)

  • Johns Hopkins University-Carey (51 percent)

  • University of Pennsylvania-Wharton (50 percent)

  • Penn State University-Smeal (50 percent)

  • University of Rochester-Simon (49 percent)

  • University of Toronto-Rotman (49 percent)

  • Northwestern University-Kellogg (48 percent)

  • University of Washington-Foster (47 percent)

  • Stanford Graduate School of Business (46 percent)

  • Queen's University-Smith (46 percent)

  • MIT-Sloan (46 percent)

  • Duke University-Fuqua (45 percent)

  • Harvard Business School (45 percent)

  • Alliance Manchester School of Business (45 percent)

  • Arizona State University-W. P. Carey (44 percent)

  • Columbia Business School (44 percent)

  • Dartmouth-Tuck (44 percent)

  • ESADE (44 percent)

  • Michigan State University-Broad (44 percent)

Chicago Schools Come Out on Top in U.S. News’ Best MBA Rankings

University of Chicago Booth took the top spot in the newly released U.S. News and World Report’s “Best MBA” ranking. Booth was followed by Northwestern Kellogg at number two. University of Pennsylvania Wharton dropped to number three after sharing the top rank with Booth last year. This year’s rankings utilized an updated methodology with a greater emphasis on outcomes, which caused some shifts within the top 15. Highlights include:

  • Dartmouth Tuck saw the largest uptick, moving from the 11th rank in 2022 to share the 6th rank with Stanford. 

  • USC Marshall climbed four spots to the 15th rank, which it holds alongside Cornell Johnson.

  • Harvard maintained its 5th rank position for the third consecutive year.

  • Stanford, Columbia, and Berkeley Haas all dropped three spots from their positions last year. Columbia and Berkeley fell out of the top 10 into a three-way tie for the 11th rank with Duke Fuqua.

Along with the rankings, U.S. News shared key updates to its methodology, which increased the weight for “Placement Success,” to 50 percent of the overall rank. This is up significantly from 35 percent last year and includes two employment metrics as well as the mean starting salary and bonus for graduates. The overall rank de-emphasized the “Quality Assessment” to 25 percent of the total, down from 40 percent, and includes a peer and recruiter assessment score. “Student Selectivity” makes up the final 25 percent of the rank. It includes undergraduate GPA and acceptance rate, weighted slightly more than in previous years, and standardized test scores, weighted slightly less. 

Rank/School

1 University of Chicago (Booth)

2 Northwestern University (Kellogg)

3 University of Pennsylvania (Wharton)

4 Massachusetts Institute of Technology (Sloan)

5 Harvard University

6 Dartmouth College (Tuck)

6 Stanford University

8 University of Michigan--Ann Arbor (Ross)

8 Yale University

10 New York University (Stern)

11 Columbia University

11 Duke University (Fuqua)

11 University of California, Berkeley (Haas)

14 University of Virginia (Darden)

15 Cornell University (Johnson)

15 University of Southern California (Marshall)

17 Emory University (Goizueta)

18 Carnegie Mellon University (Tepper)

19 University of California--Los Angeles (Anderson)

20 University of Texas--Austin (McCombs)

20 University of Washington (Foster)

22 Indiana University (Kelley)

22 University of North Carolina--Chapel Hill (Kenan-Flagler)

24 Georgetown University (McDonough)

24 Rice University (Jones)

MBA Program Announcements Roundup

We’ve rounded up and summarized the most recent MBA program announcements below. 

  • Duke’s Fuqua School of Business announced this week that its MBA degree has received a STEM designation. Prior to receiving the designation, the school’s MBA offered a STEM-designated second degree in Management Science and Technology Management (MSTeM). “We had been one of the first schools to offer a STEM second major or second degree for a certain series of courses that a student would take,” says Shari Hubert, Associate Dean for Admissions at Fuqua. “But now the entire MBA program is STEM-qualifying, which, for our students, is really game-changing because it gives them that additional two years of OPT, depending on the job that they take.”

  • Columbia University announced that it will offer a Global Executive MBA starting in May 2023. The program will take a hybrid format, relying predominantly on virtual instruction, with only about a quarter of the 22-month long program expected to take place in an in-person residential format. The content will be geared towards experienced professionals who have about ten years of professional experience and five years of management experience. 

  • Georgetown’s McDonough School of Business announced a new online MBA degree, available in August 2023. The program will include two in-person campus visits, but the large majority will be offered through synchronous and asynchronous virtual classes. This MBA will be the school’s third online degree offering, which currently consists of specialized masters programs in finance and business analytics. “More and more MBA programs and business schools are moving toward online degrees,” says Prashant Malaviya, Senior Associate Dean of MBA programs at McDonough. “We have two right now. Both of them have done well. So we know the model works, that there are students who are interested in this—and we also have a nobler goal, which is to increase access to the Georgetown education outside of the DMV region.”

  • UVA Darden’s first cohort of part-time MBA students based in Washington, D.C. kicked off classes at its Rosslyn, VA campus last month. The program is designed for working individuals in the DC area and is self-paced with students obtaining their MBA in between 28 and 48 months. “A part-time program adds flexibility and optionality to the MBA,” explains Yael Grushka-Cockayne, Senior Associate Dean for Professional Degree Programs at Darden.  “It allows some students who in the past couldn’t take the time off to have an MBA experience.”

New Report Examines Changing Costs of an MBA

The cost of obtaining an MBA from a global top 20 program has increased 6.3 percent in 2022, according to the recently published Business Because Cost of MBA Report 2022. The estimated average cost now totals $189,000, including tuition, fees, living costs, healthcare, and materials. This continues the steady upward trend of the last few years; costs averaged $176,000 last year and $168,000 in 2020. 

The report’s 2022 analysis includes only the FT top 20 schools, while last year the analysis included the FT top 20 plus six other top-ranked U.S.-based schools (who had opted out of the 2021 rankings due to the covid-19 pandemic). 

Some of the key findings include:

  • NYU Stern is the most expensive MBA program within the top 20 with a total cost of $246,506. It is followed by MIT Sloan ($239,990) and Wharton ($237,160). On the other end of the scale, CEIBS comes in as the least expensive in the top 20 at $84,500, followed closely by SDA Bocconi ($85,525). These are the only two schools on the list with totals falling under $100K. 

  • Within the top 20, tuition for the U.S. programs average $225,605, significantly higher than the averages for Europe ($121,583) and Asia ($104,881). 

  • Differences in cost between the U.S., Europe, and Asia are magnified by both the strong dollar (making it more cost effective for Americans to study abroad and increasing the expense for international students to study domestically), and differences in average program lengths. MBA programs in the U.S. typically last two years. Those in Europe and Asia run for 12 to 18 months. 

  • Between 2021 and 2022, expenses increased the most at Cornell Johnson (+11.4 percent) and Berkeley Haas (+8.6 percent). The most significant decreases, which are enhanced by fluctuations in the currency markets, were reported by the London Business School (-21.1), CEIBS (-15.1), and HEC Paris (-10.5). 

  • Tuition expenses, which make up the greatest proportion of costs, are the highest at Wharton ($165,748), NYU Stern ($164,652), Columbia ($160,944), and MIT Sloan ($160,800). They are the lowest at CEIBS ($68,300) and SDA Bocconi ($64,800). 

  • Living costs vary considerably based on the school’s location. Within the U.S. schools, the estimated cost of living was highest for Stanford ($72,396), followed by NYU Stern ($67,792), and Harvard ($62,780). Cost of living was the lowest at Duke ($40,608). 

  • Healthcare costs are considerably higher in the U.S. than in Europe or Asia. Domestically, the Yale School of Management offers the least expensive healthcare coverage at $5,512. It is important to note that some schools bundle healthcare costs with other personal student costs, making it difficult to compare schools directly. 

While the price of an MBA is significant and prospective students should carefully consider each of the underlying cost components, data shows that the degree positions students well to pay off loans. This is especially true for graduates of elite programs. Prospective students should also keep in mind that all applicants are considered for merit-based scholarships (through Round 2), which are more likely with a competitive application package.  

Application Volume Drops at Top MBA Programs in US

The Financial Times reported this week that four of the most prestigious business schools in the US saw a drop in MBA application volume for 2018 matriculation. Harvard, NYU Stern, Duke Fuqua, and Berkeley Haas each reported a decrease in applications from 2017 that ranged from 4 percent to 7.5 percent.

According to Graduate Management Admission Council (GMAC) data, in the US full-time two-year MBA programs’ application volumes have been in decline since 2014. However, this is not consistent across programs. In 2017, those with larger classes (201 or more students) accounted for 6 percent of MBA programs, but 55 percent of applications and 32 percent of enrollments. Larger schools were more likely to report application volume increases in 2017, while smaller were more likely to have experienced decreases. This decrease now appears to have expanded to the large, prestigious MBA programs.

While the decline in applications has not yet affected Harvard’s 11 percent acceptance rate or median GMAT score of 730, it was fairly significant at 4.5 percent. Similarly, NYU Stern reported a nearly 4 percent drop, while Duke Fuqua and Berkeley Haas were at about 6 percent and 7.5 percent respectively.

In contrast, MBA application numbers globally continue to increase. “When looked at internationally, graduate business education is a growth stock. Applications to Canadian, European, and Asian schools are increasing at an enormous rate,” said Bill Boulding, Dean of Duke Fuqua. Other admissions representatives who spoke with the Financial Times pointed out a multi-faceted cause for the lower application rates in the US:

  • Decreasing numbers of international applicants to US schools, due to a less welcoming political climate, as well as increasingly rigid immigration requirements.

  • Increasingly competitive European and Asian MBAs, offered in English, for those wanting a global experience. Some of these well-ranked programs also offer expedited timelines.

  • Increasing tuition and a robust economic climate in the US, which increases the cost of an MBA in both direct costs and wages-lost.

  • Increasing interest in part-time, online, and/or one-year MBA programs.

Take-aways for prospective MBA students

  • If you have dual-citizenship, don’t forget to note this on your application. It could be advantageous for you in the admissions process.

  • Be sure to highlight your international experiences and interests in your application. Admissions officers want to create a diverse student body and, with fewer international applicants, these experiences are likely to stand out more.

  • Consider that in strong economic climates, with low unemployment, schools are likely to receive fewer applicants. While this may not significantly change acceptance rates at all of the most prestigious programs, it can provide some benefit with regard to both admissions likelihood, as well as the possibility for substantial merit-based scholarships.

  • Choose your MBA program carefully, rather than automatically selecting a full-time, two-year program. Learn from these trends, by thinking carefully about the type of MBA that will benefit you most. International programs, one-year or expedited programs, and part-time cohort-based programs can all be worthwhile for you and your career.

Your story set apart.