Duke University Fuqua School of Business

RECRUITMENT AND SCHOLARSHIPS/FELLOWSHIPS

What programs and initiatives has your school found successful in the recruitment of minority and/or female students? To encourage currently enrolled minority and female undergraduate students to consider a Fuqua MBA, the school hosts the following events:

Duke MBA Workshop for Minority Applicants The Fuqua School of Business has held the Duke MBA Workshop for Minority Applicants for 26 years, providing information and support to prospective students in an effort to improve the representation of minority students in business school. The workshop incorporates both formal and informal interaction with Duke MBA students, alumni, faculty, corporate contacts and administrators.

Duke MBA Weekend for Women The annual Duke MBA Weekend for Women will be held for the sixth time in 2009. This three-day event offers prospective female students a unique opportunity to sample Duke in the company of other women considering business school and to interact with current MBA students, corporate contacts, leading faculty and alumnae. The Association of Women in Business participates in the planning of the event.

Black and Latino MBA Association The Black and Latino MBA Association of the Fuqua School of Business has a presence at the National Black MBA and National Hispanic MBA conferences to provide interested prospective students with information about the opportunities available in Duke’s MBA programs.

Fuqua Pride Fuqua Pride provides a social and support network for gay, lesbian, bisexual and transgender community members and their straight allies. The group promotes educational dialogue about GLBT issues at Fuqua and fosters acceptance of diverse sexual orientations, and also serves as a professional and informational resource for prospective students, actively engaging business leaders, employers and recruiters in the job search process.

Latin American Student Association Fuqua’s Latin American Student Association works to expand awareness of Latin America’s culture and its business environment, promote the Fuqua School of Business in Latin America, ease the transition for incoming students and attract companies and business partners to complement the learning.

Asian Business Club Fuqua’s Asian Business Club helps integrate Asian students into the Fuqua community through involvement and collaboration with other Fuqua units. The club also fosters strong and long-lasting friendships within the ABC and between its members, the Fuqua community and other Asian organizations, both at Duke University and at other MBA schools; assists ABC members in the management of their career objectives, including learning about and generating career opportunities for members both in the United States and in Asia; and actively promotes Fuqua’s brand throughout Asia and within Asian communities across the world by partnering with alumni and the admissions office.

INDUS—The South Asian Business Club INDUS aims to expose the Duke community to the exciting business environment that prevails in the Indian Subcontinent and generate awareness of the myriad cultures in the countries of the region. The club includes more than a 100 members, made up of students, partners and professors.

International Business Club The International Business Club invites students to make the most of the cultural diversity available at Fuqua. The club works to help students gain interpersonal skills and cultural awareness to become more effective business leaders. Domestic and international students are both strongly encouraged to participate.

To recruit currently employed minority and female professionals, Fuqua employs the following outreach efforts:

The Black and Latino MBA Organization (BLMBAO) at The Fuqua School of Business collaborates with Fuqua’s admissions team to host the Duke MBA Minority Workshop for Minority Applicants each year, an event aimed at addressing the needs of underrepresented minority ethnic groups who are interested in careers in business and management. The three-day workshop provides information and support to prospective students in an effort to improve the representation of minority students in business school.

225 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua) of Business. Career panels, the AWIB Speaker Series, biweekly brunches, mixers and the Women of the World international dinner series are examples of the events organized by AWIB to achieve these objectives.

The Duke MBA Workshop for Minority Applicants has been in existence for 25 years and provides information and support to prospective students in an effort to improve the representation of minority students in the Fuqua School of Business. The workshop incorporates both formal and informal interaction with Duke MBA students, alumni, faculty and administrators.

Fuqua Pride holds social networking events in a number of cities and participates in the national Reaching Out LGBT MBA conference in Washington, D.C.

The Duke MBA Weekend for Women, which has celebrated its fifth anniversary, is a three-day event offering prospective female students a unique opportunity to sample Duke in the company of other women considering an MBA and to interact with current MBA students, leading faculty and alumnae.

The Fuqua School of Business at Duke University is a formal partner of the National Black MBA Association, Inc. and participates in the NBMBAA conference and exposition each year.

Please describe any scholarship and/or fellowship opportunities for minority and/or female students attending your school. Duke University’s Fuqua School of Business has active partnerships with a number of organizations that work to provide opportunities for women and minorities to earn a Duke MBA:

Management Leadership for Tomorrow ml4t.org Management Leadership for Tomorrow is an MBA prep program aimed at helping underrepresented students successfully apply to leading business schools.

Robert Toigo Foundation toigofoundation.org The Robert Toigo Foundation is the premier organization supporting the ongoing advancement of exceptional minority business students and alumni within the finance industry through scholarships, mentoring, internships and job placement.

Forté Foundation www.fortefoundation.org/site/pageserver The Forte Foundation is a consortium of major corporations, top business schools and influential nonprofit organizations that is committed to being a change agent for women pursuing business education and taking on leadership roles in business.

Riordan Fellows Program riordanalumni.com The Riordan Fellows Program provides college students and young professionals with leadership and management training, motivating participants to competitively apply and succeed in a top MBA program.

MBADiversity.org www.mbadiversity.org MBADiversity.org is an inclusive prep program committed to helping students prepare for and enroll in leading business schools.

Graduate Horizons collegehorizons.org/index.php?page=graduate-horizons Graduate Horizons is a four-day workshop designed for Native American college students and graduates to help prepare them for applying to and enrolling in graduate school.

The Fuqua School of Business also offers many scholarships for minority students, including:

Rex and Ellen Adams Scholarship Established to provide scholarship support to minority students at The Fuqua School of Business.

Alumni Minority Scholarship Established to provide scholarship support to minority students enrolled in The Fuqua School of Business with preference to African- American students.

Bristol-Myers Squibb Company Scholarship Established by the Bristol-Myers Squibb Foundation to support a minority student at Fuqua who has expressed an interest in a finance career.

Mary R. Few Memorial Scholarship Established in 1988 by Kendrick S. Few to provide need-based support to a first-year female student at The Fuqua School of Business.

226 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua)

FMC Corporation Minority Scholarship Established in 1997 to provide support to a minority student attending The Fuqua School of Business.

Ford Minority Scholarship Fund Established in 2001 by the Ford Motor Company to provide a minority scholarship at The Fuqua School of Business.

Edward A. Horrigan Jr. Business Scholarship Edward A. Horrigan Jr., a former member of Fuqua’s board of visitors, endowed this fund to provide scholarship support for an American- born U.S. citizen who is largely dependent upon financial aid for the cost of his or her education.

Morgan Stanley Dean Witter Minority Scholarship Established in 2000 to support a minority student at Fuqua. Includes a summer internship at MSDW.

The Carlos Jose Rodriguez and Latin American Alumni Scholarship Endowment Fund Established in 1999 to provide support for Latin-American students.

Charles T. Smith Jr./KPMG Peat Marwick LLP Scholarship Established by KPMG Peat Marwick to provide support to a minority student attending Fuqua.

PROMINENT ALUMNI/FACULTY

Please provide information about prominent minority faculty members at your school. Dan Ariely, James B. Duke Professor of Behavioral Economics Dan Ariely is the James B. Duke Professor of Behavioral Economics at Duke University’s Fuqua School of Business, where he holds appointments at Fuqua, the Center for Cognitive Neuroscience and Duke’s department of economics. He is the author of the best-seller Predictably Irrational: The Hidden Forces that Shape Our Decisions.

As a behavioral economist, Professor Ariely studies how people act in the marketplace, as opposed to how they should or would perform if they were completely rational. His interests span a wide range of daily behaviors, such as buying, language choices, diet, pain management, procrastination and decision making under different emotional states.

Professor Ariely grew up in Israel and earned a bachelor’s degree in psychology from Tel Aviv University, master’s and doctoral degrees in cognitive psychology from the University of North Carolina and a doctoral degree in business administration from Duke University. He is widely quoted in international media, providing frequent commentary on National Public Radio, The New York Times and CNN.

Vish Viswanathan, T. Austin Finch Professor of Finance S. ``Vish’’ Viswanathan is the T. Austin Finch Professor of Finance at The Fuqua School of Business at Duke University. He teaches courses in corporate restructuring and corporate finance. His recent research focuses on the interaction between corporate finance and asset pricing, especially to issues related to collateral and market liquidity. His work has been published in the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, the Rand Journal of Economics, the Journal of Finance and Quantitative Analysis, the Journal of Business and the Journal of Business Economics and Statistics.

Viswanathan received his BS (first class with distinction) from the University of Bombay, his MMS from the Jamnalal Bajaj Institute of Management Studies at the University of Bombay and his PhD in finance from the Kellogg Graduate School of Management at Northwestern University.

Viswanathan is a coeditor of the Journal of Financial Intermediation and a coeditor of the Journal of Financial Markets and is on the program committee of the Western Finance Association. He was the associate editor of the Review of Financial Studies from 1996 to 1999 and Management Science from 2000 to 2005. Twice, he has received awards from the Institute for Quantitative Research in Finance. In 1997, Professor Viswanathan won the NYSE Best Paper Award on Equity Trading at the Western Finance Association.

Manju Puri, J.B. Fuqua Professor of Finance Manju Puri is the J.B. Fuqua Professor of Finance at The Fuqua School of Business. She previously taught at Stanford University’s finance department. Puri’s areas of expertise include financial intermediation and capital markets, advanced corporate finance and entrepreneurship. Her most recent research explores the phenomenon of bank runs in India, detailing the contagion aspects of panic.

She was a finalist for the 2008 Daimler-Chrysler Award for Teaching Excellence and has earned a host of professional and academic honors: the Nancy Staudenmayer Research Fellowship, the National Science Foundation Award, the Richard D. Irwin Foundation Doctoral Dissertation Award, the Salomon Brothers Center Fellowship and many others.

Puri earned a PhD in finance from New York University’s Stern School of Business, with a dissertation on financial intermediation and the pricing of underwritten securities. Her MBA is from the Indian Institute of Management at Ahmedabad. She received a BA in economics from Delhi University.

227 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua)

Ashleigh Shelby Rosette, assistant professor of management Ashleigh Shelby Rosette joined the faculty of the Fuqua School of Business in 2005 and teaches classes in negotiations and managerial effectiveness. She studies systems of privilege in organizations, gender and race-related stereotypes in leadership, and culture and emotions in negotiations.

Her research has been published or is forthcoming in academic journals and books, such as Organizational Behavior and Human Decision Processes; Negotiation and Group Decision-Making; Research on Managing Groups and Teams; Gender, Ethnicity, and Race in the Workplace; and the Duke Journal of Gender and Public Policy.

She received her PhD in management and organizations from the Kellogg School of Management at Northwestern University and her BBA and MPA from the University of Texas at Austin. Prior to joining the faculty at Duke, she served on the faculty at the Kellogg School where she received an MBA Outstanding Teaching Award and on the faculty at the Bauer College of Business at the University of Houston. In addition, she worked as a senior consultant and certified public accountant with Arthur Andersen LLP in their Houston and Atlanta offices.

Otis Jennings, associate professor of operations management Otis Jennings is an associate professor of operations management at the Fuqua School of Business where he teaches courses including Stochastic Processing Networks, Operations Management and Large-Scale Service Systems. He has also taught two Global Academic Travel Experience courses that included study trips to Southeast Asia and Southern Africa. Professor Jennings’ previous teaching experience includes appointments at Massachusetts Institute of Technology and Georgia Institute of Technology.

Professor Jennings earned both a master’s degree and a PhD in industrial and systems engineering at Georgia Institute of Technology, in addition to a BSE in civil engineering/operations from Princeton University.

Please provide information about prominent minority alumni from your school. Ahmad Sharaf, Global Executive MBA 2001, chief executive officer, Dubai’s Tatweer Investments Ahmad Sharaf is CEO of Dubai’s Tatweer Investments, responsible for leading and directing the company’s domestic and international long-term growth strategies. He is also chairman of the Dubai Mercantile Exchange and serves on the audit committee for Dubai Holding.

In addition to his leadership positions in Dubai Holding, Sharaf sits on the board of the Emirates National Oil Company and the ENOC audit committee and serves as vice chairman of Dragon Oil. Sharaf serves as a member of the board of visitors of Fuqua and sits on the global partnerships committee.

Sharaf has previously held a number of senior executive positions with international and state energy companies in the United States and the Middle East. A petroleum engineer by training, Sharaf began his career with Conoco, Inc. Following the creation of ConocoPhillips in 2002, he was appointed general manager and director of business development, Middle East, responsible for managing new growth opportunities in the Middle East and North Africa region.

Malvinder Singh and Shivinder Singh, MBA 1998 and MBA 2000, respectively Brothers Malvinder and Shivinder Singh head generic drugmaker Ranbaxy Laboratories, India’s largest pharmaceutical firm. Malvinder is chief executive of Ranbaxy, responsible for global operations—spanning 40 countries—of the billion-dollar company.

Shivinder—who completed Fuqua’s health sector management program—runs Indian hospital chain Fortis Healthcare, which recently bought one of India’s leading cardiac institutions. The brothers are routinely featured on Forbes’ list of the world’s wealthiest people.

Owen May, former chairman, May Davis Group May worked for 13 years as the chairman of the May Davis Group, a full-service investment banking firm he cofounded in New York City in 1993. He started his career at Lehman Brothers in 1985 working in their high net worth division. He left Lehman Brothers in 1989 to take a position as a senior vice president with Gruntal and Co.

The May Davis Group was the first African-American firm to hold an initial public offering and exist as a full-service brokerage firm with retail and institutional sales in fixed income and equity, research, trading and investment banking. This feat placed the firm in the top-10 African-American firms on Wall Street ranked by Black Enterprise Magazine.

As chairman of the May Davis Group, May led several IPOs, numerous corporate restructurings, capital raises, mergers and acquisitions and has vast dealings in the global markets. Presently, May is involved in many venture capital projects and advising a hedge fund out of South East Asia.

He is a member of the board of visitors of the Fuqua School of Business.

Derek Penn, MBA 1984, head of equities, Pershing, LLC Derek Penn is the head of equities for the Wall Street brokerage firm, Pershing, LLC, the brokerage subsidiary of the Bank of New York. Prior to joining Pershing in 2006, Penn was the head of debt and equity trading for Fidelity Capital Markets. Before his seven-year career at Fidelity, Penn was the head trader of international equity trading in New York for Lehman Brothers. He also held prior positions at Merrill Lynch and Morgan Stanley.

In addition to his MBA from Duke University’s Fuqua School of Business in 1984, Penn earned an undergraduate degree from Duke University in 1979.

228 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua)

Nancy Spears, MBA 1997, president, Los Angeles Sparks Nancy Spears, who earned her Duke MBA in 1997, was named as president of the WNBA’s Los Angeles Sparks in 2007. She was previously director of worldwide acquisitions for Warner Bros. Home Entertainment and has held positions at Coca-Cola and Mattel.

Widely respected in marketing circles, Spears has served on the board of directors for the Women’s American Flag Football Federation, having launched a women’s flag football recreation league in Los Angeles.

Please provide information about prominent female faculty members at your school. Jennifer Francis, senior associate dean of faculty Jennifer Francis is the senior associate dean of faculty at the Fuqua School of Business at Duke University. She is also the Douglas and Josie Breeden Doctoral Professor of Accounting. Francis’ research interests focus on the use of accounting information by capital market participants. She teaches an elective course in valuation and fundamental analysis to daytime and executive MBA students at the Fuqua School of Business. She is the winner of several awards for outstanding teaching at Duke University and the University of Chicago.

Francis earned a BS in accounting at Bucknell University, and a MS and PhD from Cornell University. Prior to graduate school, she worked for Price Waterhouse. Before joining the faculty at Duke, she taught at the graduate school of business at the University of Chicago.

Katherine Schipper, Thomas F. Keller Professor of Accounting Katherine Schipper is the Thomas F. Keller Professor of Accounting at Duke University’s Fuqua School of Business. She previously served a five-year term as a member of the Financial Accounting Standards Board, the organization that establishes the United States’ standards of financial accounting and reporting.

Schipper is a past president of the American Accounting Association and from 1997 to 1998 was its Distinguished International Visiting Lecturer. She has served as editor as the Journal of Accounting Research, and was a member of the FASB Financial Accounting Standards Advisory Council from 1996 to 1999. In 2007, she was the first woman to be named to the Accounting Hall of Fame.

Schipper holds a BA from the University of Dayton and MBA, MA and PhD degrees from the University of Chicago.

Leslie Marx, professor of economics Leslie Marx is professor of economics at Duke University’s Fuqua School of Business, having served on the faculty since 2002. She previously served as chief economist for the U.S. Federal Communications Commission and on the faculty of the W.E. Simon Graduate School of Business Education.

Marx’s recent research includes a study of price collusion in the vitamin industry, decision analysis and game theory and bidder collusion at auctions. She currently sits on the editorial board of the American Economic Journal: Microeconomics and was previously associate editor of International Economic Review.

Marx was a member of the 1996 U.S. Olympic Team in Fencing, in which she placed 16th in women’s epee. She was a Pan-American Games Gold Medalist in Fencing in 1995 and 1997, as well as U.S. National Champion in Fencing in 1993 and 1996.

She earned a MA and PhD in economics from Northwestern University, and a BS in mathematics from Duke University.

Please provide information about prominent alumnae from your school. Melinda French Gates, MBA 1987, co-chair, Bill and Melinda Gates Foundation Melinda French Gates earned her Duke MBA in 1987 after receiving her undergraduate degree in computer sciences and economics from Duke. Gates served on Duke’s board of trustees from 1996 to 2003. In 1994, she married Microsoft founder Bill Gates and in 2000, the pair established the Bill and Melinda Gates Foundation. The couple has donated more than $24 billion to the foundation, which aims to enhance health care and reduce poverty globally and expand educational opportunities and access to information technology in the United States. Melinda Gates serves on the board of directors of the Washington Post Company and in recent years has taken a more active role in the Bill and Melinda Gates Foundation.

Alison Levine, MBA 2000, founder, Climb High Foundation Alison Levine graduated from the Fuqua School of Business in 2000, two years after she began pursuing an interest in mountain climbing. She has since scaled the highest peaks on six continents. In addition to her professional successes—covering more than 20 years in the health care, technology and finance industries—Levine founded the Climb High Foundation, a nonprofit devoted to training women in developing countries to become trekking guides and porters in their local mountains. Her mountain expeditions have been documented by hundreds of media outlets and she was honored with the Courage in Sports Award from the Anaheim Angels baseball team.

Mary Minnick, MBA 1983, partner, Lion Capital Mary Minnick is a partner of Lion Capital. Prior to joining Lion Capital, Mary completed a 23-year career with the Coca-Cola Company, serving in a variety of global executive positions ranging from general management to marketing, new products and sales. Most recently, she was EVP and president of marketing, strategy and innovation responsible for marketing, strategic planning, research and development, new product development, packaging, equipment and environmental policies. Prior to her last role, Mary was president and COO of Asia responsible for the P&L and operations

229 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua) of 38 countries. She serves on the board of directors for Target Corporation, a U.S.-based retailer. Minnick received a BA in business from Bowling Green State University in addition to her MBA from the Fuqua School of Business.

CURRICULUM AND RESEARCH

Please provide information on any classes and concentrations that focus on issues related to women or minorities. Finance 491: Small and Minority Business Finance This course focuses on the unique opportunities and challenges faced by businesses owned and managed by underrepresented minorities (African- Americans, Hispanic-Americans and Native Americans). Although, as a survey course, attention is given to the unique issues faced by minority business enterprises (MBEs) in areas such as marketing and strategic planning, special emphasis is placed upon funding and financial management issues that are unique to minority businesses. This course analyzes the strengths and limitations of different financing options faced by minority businesses as well as the strengths and weaknesses of traditional means of risk assessment when applied to minority businesses. In this regard, the impact that different kinds of financial institutions have upon the prospects of minority business is carefully examined. Finally, the course provides attention to the differences in the challenges faced by entrepreneurs from the different groups of underrepresented minorities.

Please describe any faculty and/or student research projects that focus on diversity, multiculturalism and minority issues. Professor Ashleigh Shelby Rosette conducts research in two primary areas: negotiation and diversity in the workplace. Rosette’s diversity research centers on privilege and leadership. In her work, Rosette finds that people with privilege frequently perceive their unearned advantages (advantages accrued from being part of a particular group) as normal, and this presumption sometimes prevents them from seeing the perspective of their co- workers who do not have such privileges.

Rosette also studies race and gender issues within the context of leadership. A recent project that she and her colleagues have just completed showed that racial bias exists in business-leader prototypes, and this bias can help explain more favorable evaluations of white versus non-white leaders. Rosette says that when people think of leadership, they usually think of the leader as white and when this expectation is not met, leadership evaluations can be lower than when the expectation is met.

In July 2008, Rosette published results of her research in the Journal of Applied Psychology. Her study concluded that despite years of progress for minorities in corporate settings, Americans still expect business leaders to be white, and they judge white leaders as more effective than their minority counterparts

Please describe any symposiums or special lectures that focus on diversity and minority issues organized and/or sponsored by your school. The Black and Latino MBA Organization (BLMBAO) at the Fuqua School of Business holds the Duke MBA Minority Workshop for Minority Applicants each year, an event aimed at addressing the needs of minority ethnic groups who are interested in careers in business and management. The three- day workshop provides information and support to prospective students in an effort to improve the representation of minority students in business school.

Duke’s Association of Women in Business (AWIB) at the Fuqua School of Business provides programming opportunities for the organization’s membership to network with other women in their chosen industry/functional fields, hosts panel discussions to address academic and career challenges in a supportive environment and plans social opportunities designed to foster a sense of community among all women at the Fuqua School of Business. Career panels, the AWIB Speaker Series, biweekly brunches, mixers and the Women of the World international dinner series are examples of the events organized by AWIB to achieve these objectives.

ORGANIZATIONS AND STUDENT LIFE

Please provide information on your school diversity student and alumni organizations. Black and Latino MBA Organization (BLMBAO) mbaa.fuqua.duke.edu/blmbao/prospectives/prospectives.htm The goals of Duke’s Black and Latino MBA Organization are to provide Black and Latino American club members the tools, skills and opportunities necessary to challenge themselves and others to be successful business leaders; to increase the organization’s impact on Black and Latino recruiting both professionally and academically; to organize activities aimed at career development and professional leadership of its members; and to sponsor activities that benefit the local minority community. The group meets regularly throughout the year.

Association of Women in Business (AWIB) mbaa.fuqua.duke.edu/awib The purpose of Duke’s Association of Women in Business is to facilitate a positive environment for female students at the Fuqua School of Business; to raise awareness of the unique issues and challenges facing women in the workplace; and to improve the visibility of women in Duke’s MBA programs. AWIB helps the women of Duke’s MBA programs to leverage each other’s professional and personal experiences and perspectives, build powerful and

230 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua) long-lasting networks and increase the quantity and quality of female applicants to the Fuqua School of Business. AWIB meets and holds events several times each month.

Please provide information on any programs, including on-campus and universitywide programs in which MBA students participate that focus on issues related to women or minorities. The office for institutional equity (OIE) at Duke provides a number of programs for the university in a range of program areas:

Diversity and equity programs This program area provides leadership to the university community in formulating and implementing organizationwide diversity initiatives to enhance equity and inclusiveness in the workplace. Duke’s Diversity and Equity Programs provide consultation with managers about the development of diversity initiatives, designing/facilitating diversity workshops and learning experiences; and coaching with managers about problematic cross-cultural interactions in their work environment.

Disability compliance The primary focus of the disability compliance section of OIE is to provide for prompt and equitable resolution of complaints from faculty, students, staff and the public alleging discrimination based on disability. OIE works in collaboration with the disability management system office and other units to ensure compliance with the American with Disabilities Act and the Rehabilitation Act. OIE also provides training to the Duke community related to the ADA and Rehab Act.

Equal opportunity/affirmative action Duke University’s equal opportunity policy is an important part of our compliance with federal and state laws and regulations and more importantly, guides us in our institutional commitment to diversity and fairness. The equal opportunity and affirmative action (EO & AA) programs offer universitywide guidance on Title VI and VII of the Civil Rights Act, and Title IX of the Education Amendments Act and the Vietnam Era Veterans Readjustment Assistant Act. The office serves as Duke’s liaison to the federal government in matters related to contract compliance concerning equal employment opportunity. EO/AA develops the university’s affirmative action plan, oversees its implementation, reviews employee recruitment, hiring and other personnel actions. EO/AA also offers technical assistance, consultation and resources for individuals and departments.

Harassment prevention and gender equity programs The harassment prevention program area administers Duke’s harassment policy. This program is responsible for implementing and monitoring Duke’s harassment policy and provides advice, assistance and education to individuals and groups on issues concerning harassment prevention and complaint handling. Additionally, this program area addresses gender equity and Title IX issues in the workplace and educational contexts.

Please provide information on any institutes and/or related programs that focus on diversity. MBA JumpStart Elton Ndoma-Ogar and John T. Burt, Jr.—both Duke MBA graduates—cofounded MBA JumpStart, a targeted, prematriculation forum through which consulting and financial services firms can identify, educate and recruit minority talent at top-tier MBA programs.

Ndoma-Ogar hails from Nigeria and graduated with honors from Wake Forest University with a degree in health sciences. At Wake Forest, he earned President’s List recognition for academic excellence, was awarded the Arthur Ashe Scholarship and was noted as an Academic All-American. At the Fuqua School of Business, he served as vice president of sponsorship for the inaugural Fuqua School of Business Leadership Conference and served as finance chair for the Black and Latino MBA Organization. In early 2006, Ndoma-Ogar joined Merrill Lynch, heading the firm’s minority recruiting efforts.

Burt received a degree in finance from Indiana University and met with professional success—including sponsorship to pursue an MBA—in the finance component of Eli Lilly. During his time at the Fuqua School of Business, Burt served as an executive fellow of the dean’s office and as consultant to a small business in the Durham community. After graduation, Burt joined Booz Allen Hamilton in New York before taking a consultant position with Eli Lilly. He was eventually named CFO of a $2 billion business unit of the company. Today, Burt is the recruiting director for Boston Consulting Group’s Black and Hispanic Initiative.

Please describe any off-campus resources, activities, programs and/or organizations that may be of interest to minority or female students. North Carolina Institute for Minority Economic Development www.ncimed.com The Durham-based North Carolina Institute of Minority Economic Development is a statewide nonprofit representing the interests of underdeveloped and underutilized sectors of the state’s economic base. The institute’s working philosophy is that: information and business development are critical to wealth creation and to building the asset base among low-wealth sectors of the population.

231 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua)

Women’s Business Center of North Carolina www.ncruralcenter.org/guidebook/viewresource.asp?id=290 Also based in Durham is the Women’s Business Center, a partnership program between the U.S. Small Business Administration’s office of women’s business ownership and the North Carolina Institute of Minority Economic Development. The center’s mission is to provide training, counseling and technical assistance to aspiring and existing women business owners. The Women’s Business Center can empower women with the tools needed to: establish businesses, stabilize their companies, generate sustainable profits, enhance their companies’ infrastructure, strategize for future growth, create jobs and contribute in the growth and economic development of the community.

National Black Business Council www.nbbc.org With a local office in Research Triangle Park—minutes from Duke University—the National Black Business Council is a nonprofit organization dedicated to the creation and advancement of African-American- and minority-owned businesses. The organization creates and supports programs that will close the economic and digital divides between minority and majority businesses. The council works closely with state and federal legislators to communicate the issues that are most important to Black businesses.

CAREER OPPORTUNITIES

Please describe any diversity recruiting events for employers recruiting minority and/or female students at or near your school. The Duke MBA Workshop for Minority Applicants has been in existence for 25 years and provides information and support to prospective students in an effort to improve the representation of minority students in the Fuqua School of Business. The workshop incorporates both formal and informal interaction with Duke MBA students, alumni, faculty and administrators.

The Fuqua School of Business at Duke University is a formal partner of the National Black MBA Association, Inc. and participates in the NBMBAA conference and exposition each year.

STRATEGIC PLAN AND LEADERSHIP

Please provide your school’s diversity mission statement. The Fuqua School of Business appreciates and values differences inherent within our community. As an organization we are committed to building and sustaining an environment conducive to capitalizing on the diversity within our community as a source of intellectual, personal and professional growth and innovation.

How does your school’s leadership communicate the importance of diversity to your student body, faculty and administration? Duke University’s Fuqua School of Business employs a full-time director of diversity initiatives within the admissions office to oversee the school’s diversity outreach and programs.

Fuqua maintains an active email listserv of all students, providing updates on important school news and alerting students to events and speakers on campus. These electronic communications include notifications of minority and women club events, symposiums and relevant guest speakers.

The Fuqua School of Business website contains home pages for the various minority and women student associations and clubs, where students can find detailed information about their activities and opportunities such as scholarships and recruiting events.

The Fuqua Times is a student-operated newspaper providing news and discussion of important school events and issues. Diversity-related news and events are covered in detail in the paper.

Diversity has been an important part of Fuqua’s external messaging, with a renewed emphasis on communicating the urgency of diversity in light of the school’s international expansion initiative.

232 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua)

DEMOGRAPHIC INFORMATION

Please describe the demographics of your most recent entering class. The demographics below are for the Duke MBA daytime class of 2010 and do not include Fuqua’s executive MBA programs.

Percentage of female students: 39 percent

Percentage of minority students: 19 percent

White/Caucasian: 61 percent African-American/Black: 8 percent Hispanic/Latino: 4 percent Asian: 19 percent Chose not to report: 8 percent

Average age of students: 29

Please describe the geographic diversity of your most recent entering class. Percentage of U.S. citizens and permanent residents: 60 percent

Distribution of students from different U.S. regions:

Mid-Atlantic: 19 percent Midwest: 12 percent Northeast: 25 percent South: 17 percent Southwest: 6 percent West: 17 percent

Please describe the selectivity of your school for the most recent application cycle. Number of applicants: 3,044

Number of admits: 932

Number of matriculants: 434

Please describe the academic and employment backgrounds of your most recent entering class. Average years of pre-MBA work experience: 5.4

Percentage of students coming from different industries pre-MBA:

Consulting: 7 percent Consumer products: 3 percent Education: 3 percent Energy: 3 percent Financial services: 18 percent Government: 3 percent Manufacturing: 4 percent Media/entertainment: 7 percent Nonprofit: 5 percent Pharmaceuticals/biotechnology/health care products: 8 percent Real estate: 1 percent Technology: 17 percent Other: 20 percent

233 Vault/CGSM Guide to Business School Diversity, 2010 Edition

Duke University (Fuqua)

Percentage of students who studied different undergraduate disciplines:

Humanities: 7 percent Social sciences: 8 percent Science: 9 percent Business/commerce: 32 percent Other major/field of study*: 44 percent *Includes all disciplines not listed above including: computer science, economics, engineering, law, etc.

Please provide student employment information for the most recent graduating class. Average starting salary: $100,136

Average signing bonus: $24,752

Percentage of students entering different industries:

Financial services: 31 percent Consulting: 25 percent Consumer products: 13 percent Pharmaceuticals/biotechnology/health care products: 8 percent Other services*: 7 percent Computer hardware: 4 percent Media/entertainment: 1 percent Retail: 1 percent Technology services: 1 percent *Includes those in which less than 1 percent of graduates accepted jobs: airlines, education, energy/utilities, executive search firms, telecommunications, insurance, media and sports/entertainment.

Percentage of students working in different functions:

Finance: 32 percent Consulting: 30 percent Marketing: 23 percent General management: 10 percent Operations: 2 percent Other functions*: 1 percent *Includes those in which less than 1 percent of graduates accepted jobs: human resources, product development and management information systems.

Major recruiting companies:

Accenture Bain & Company Bank of America The Boston Consulting Group Citi Johnson & Johnson Dell, Inc. Deloitte Consulting Eli Lilly and Company Goldman Sachs J.P. Morgan Kraft Foods Lehman Brothers McKinsey & Company Merrill Lynch PricewaterhouseCoopers LLP Procter & Gamble

234