Duke - The Fuqua School of Business

News Release

In Two New Surveys, CEOs, Economics Professors Rank Duke in Top 10 of Nation’s Business Schools

July 14, 2005

Duke University’s Fuqua School of Business was ranked No. 9 in a Chief Executiv e magazine survey of 490 CEOs, the magazine reported on June 23, 2005. The Chief Executive survey was part of its ongoing CEO Confidence Index.

Duke is ranked No. 5 in a separate study by economics professors at Central Michigan University, the University of Nevada at Las Vegas and the University of Connecticut. The study, “MBA Program Reputation: Quantitative Rankings for Students, Employers, and Program Administrators,” examined what it calls more “quantitative and objective” data than BusinessWeek and other news media use for their rankings.

“We are delighted to be in the Top 10 in these two surveys,” Fuqua Dean Douglas T. Breeden said. “I think they show the steady progress we are making to be among the very best business schools in the world.”

In the CEO study, Harvard Business School was rated the top school, followed by the University of Pennsylvania's Wharton, Stanford, Northwestern's Kellogg and the University of Chicago. Among the reasons they cited for their choices were the ability to teach "hands on," the ability to manage people creatively and not just solve problems, and the capability to instill an "entrepreneurial mindset," rather than the stereotypical "Nobel Prizes and published papers" that many schools like to advertise.

Additionally, CEOs were asked whether they use business schools to educate themselves and their management. According to their responses, approximately 56 percent of the CEO community actively seeks business schools to enhance the skills of the top management of their companies. "CEOs in this country fully appreciate the investment of an education," said Edward M. Kopko, CEO of Chief Executive Group. "Over half of the CEOs seek the help of business schools to stay competitive, and we should be proud that our executives value education the way they do.”

For more information on the Chief Executive magazine rankings, go to http://www.chiefexecutive.net/ceoindex/0605/default.asp

The academic study was done by Yongil Jeon of Central Michigan, Stephen M. Miller of UNLV and Subhash C. Ray of Connecticut. Their research focused on how three related but separate groups view business schools. They studied the quantitative data that would be most important in the point of view of students, employers and MBA program administrators. The data included net salary gain pre- and post-graduation; the job placement rates; the faculty-student ratios; GMAT scores; selectivity of the schools’ admissions; expenditures per student; the gender ratios of the student body; and the U.S. versus non-U.S. student ratio.