Duke - The Fuqua School of Business

News Release

33 Students Enroll In Duke Goethe Executive MBA Program

May 30, 2005

Frankfurt, Germany -- The Duke Goethe Executive MBA program’s inaugural class began its first academic term Tuesday in Frankfurt, Germany, with a full class of international students. Of the 33 students in the class, 73 percent are German. The rest are from Australia, China, France, Slovakia, Switzerland, United Kingdom and the United States. Students enrolled in the program have an average of 7.16 years work experience.

To commemorate the launch, Duke University’s Fuqua School of Business and Goethe Business School hosted a celebration in Frankfurt on May 30. Professor Rudolph Steinberg, president of Johann Wolfgang Goethe Business School; Douglas T. Breeden, dean of Fuqua; Petra Roth, mayor of Frankfurt; John Payne, deputy dean of Fuqua; Joachim von Harbou, president of Frankfurt Chamber of Commerce; and Udo Corts, minister of education and culture, state of Hessen, made celebratory remarks to the 227 people who attended the ceremony and reception. Duke Goethe students, corporate sponsors, Frankfurt business leaders, local government officials and staff from both Goethe and Fuqua attended the event.

“We’ve put this innovative program together in a very short cycle-time from design to implementation, as cooperation between our two schools has been excellent,” said Breeden. “We are extremely pleased with the level of interest in the Duke Goethe Executive MBA program from both potential students and their employers.”

The Duke Goethe Executive MBA is a dual-degree, 22-month executive MBA program for working executives. Teaching takes place mainly at Frankfurt’s new Campus Westend, which is located in a historic park in central Frankfurt. The teaching in Frankfurt by faculty from both schools is combined with two weeks of in-residence classroom instruction at the Duke campus in Durham, as well as through the Internet using Duke’s distance-learning platform. The curriculum is based on both Duke’s Cross Continent and Weekend Executive MBA programs. Initially, Duke faculty will teach two-thirds of the courses (including three-quarters of the courses required for the Duke MBA degree), and Frankfurt faculty one third. Over time, the plan is for both parties to contribute an approximately equal amount of teaching. Some courses are offered in a weekend format with classes running from Thursday to Saturday, and other courses are offered in a place and space format.

Goethe Dean Mark Wahrenberg said, “Academic concepts and performance tools from the program can be immediately applied in the workplace. The employee’s value to his or her organization increases over the individual’s time in the program.”

Several world-class companies are sponsoring students in the Duke Goethe Executive MBA program. They include Deutsche Bank, Deutsche Borse, Ernst & Young, Accenture, Royal Bank of Scotland, Dresdner Bank, IBM Deutschland, PriceWaterhouseCoopers, Ford Motor Company, Merck, GlaxoSmithKline, Microsoft Deutschland, Telecom Slovakia, UBS, Helaba Trust, Messe Frankfurt, Nu Skin Enterprises, Fraport, Commerzbank, Metzler Investment and GIAT Industries S.A.

The Schools
Founded in 1914 as a private educational institution by Frankfurt citizens, Frankfurt University has always been the academic center of the greater Frankfurt area. Today it is one of the Top Ten German universities in the research ranking by the Centrum fur Hochschulentwicklung. By 2007, Frankfurt University’s new world-class executive education facilities in the “House of Finance”, will open their doors to the public.

Duke’s Fuqua School of Business was founded in 1969 and renamed in 1980 in honor of entrepreneur and philanthropist J.B. Fuqua. Approximately 1,400 students are enrolled in the Daytime MBA program or one of three executive MBA programs: The Duke MBA – Global Executive; The Duke MBA – Cross Continent; and The Duke MBA- Weekend Executive. The school also has a highly ranked Ph.D. program and operates the No. 1 non-degree executive education program in the world (the Financial Times ranking, May 16, 2005).

For more information about the Duke Goethe Executive MBA program, visit www.duke-goethe-emba.org.