Deloitte Top Fuqua Employer For 2nd Year

by John A. Byrne on

Duke University's Fuqua School of Business is ranked tenth among the best U.S. B-schools by Poets&Quants.

Duke University's Fuqua School of Business

Deloitte Consulting hired at least 30 MBAs from Duke University’s Fuqua School of Business this year, the second year in a row that Deloitte is the school’s top employer. Other companies in double digits were McKinsey & Co. (18), Boston Consulting Group (12), Johnson & Johnson (12), and Samsung (11), according to preliminary employment statistics released by Fuqua.

Deloitte became Fuqua’s top employer of full-time MBAs last year after Johnson & Johnson’ had been number one for many years. Deloitte hired 33 graduates and 25 interns for a total of 58 hires last year. The new preliminary results show Deloitte hiring a total of 44, including 14 interns and 30 MBA grads. As recently as 2007-2008, Deloitte hired a total of only 16 Duke MBAs, so their increased presence and success is both notable and important.

The school said the median base salary of a Fuqua MBA this year was $103,000, up slightly from $102,250 last year. The lowest reported salary this year was $36,000 by an international graduate without permanent U.S. work authorization. The highest was $225,000. Some 89% of the students in the preliminary sample reported median signing bonuses of $25,000, ranging from a low of $2,000 to a high of $60,000. Another 59% of Duke’s graduating MBAs received median “other guaranteed compensation” of $10,000, with a low of $2,000 and a high of $123,750.

HIGHEST MEDIAN PAY LANDED BY MBAS WHO WENT INTO CONSULTING

Duke’s highest median base salaries were paid by the consulting industry: $130,000, with median signing bonuses of $25,000. Not surprisingly, the largest percentage of Fuqua grads headed into consulting: 36%. Fuqua’s highest reported base salary of the year–$225,000–went to an MBA who landed a strategic business planning job. Another MBA, who went into sales and tradiing, also reported a base of $218,000. Technology services and telecommunications paid the second highest bases, $125,000 and together lured about 3% of Fuqua’s graduating class.

Financial services, which claimed 22% of the Class of 2012, paid median base salaries of $100,000, with median signing bonuses of $40,000.

WIDE RANGE OF COMPANIES CONTINUE TO HIRE FUQUA MBAS

The school’s report showed a wide range of companies recruiting Fuqua talent. Among this year’s major employers were Bain (9), Accenture (8), PricewaterhouseCoopers (8), Apple (7), Citicorp (7), Goldman Sachs (6), Microsoft (6), ZA Associates (6), Bank of America (5), John Deere (5), Google (5), and Medtronic (5).

Some 85% of Fuqua grads seeking employment said they received at least one job offer by the school’s graduation on May 15th, versus 84% a year earlier.

The preliminary report is based on self-reported data from 402 Fuqua MBA grads. Nearly one in three of the MBAs—31%–said they landed their full-time jobs as a result of their summer internships.

DON’T MISS: WHAT HARVARD MBAS MADE THIS YEAR or LONDON MBA LANDS HIGHEST MBA SALARY IN 2011

  • sanders

    Solid stuff. I have felt for a few years now that Fuqua is a b-school on the way up. It has the potential to be in that tier with Booth, Columbia and Tuck. I have also felt that Fuqua doesn’t seem to get too much love from P&Q and Mr. John Byrne.

  • Pinto

    Yeah Fuqua was on the way up but had a major cheating scandal in 2008. I think it turned off quite a few students and several recruiters. Moreover, Fuqua took a big hit in its reputation. It was one of the biggest cheating scandals in history. I agree with you that Fuqua has a chance to really shine; the research triangle park is a terrific place to live and work.

  • Guest

    It’s ZS Associates (not ZA Associates)

  • Juan

    Fuqua’s expansion strategy of various executive programs and overseas campuses is supposed to enhance the brand. But this strategy is even divisive among faculty and applicants. The main concern is that Fuqua redirect too much resources from main MBA program.

  • Jon

    If you believe cheating to doesn’t happen elsewhere, you are too naive. Fuqua came out with it and actually stood by its honor code. If anything, that says more about the quality of the school. Let’s not forget that graduates from other great top schools have gotten our country into a lot of mess—- where was the honor code in that?

  • Schucheng Wang

    What about Chinese students? Are we getting good jobs?

  • SV

    @ Pinto. Ridiculous logic.

  • Ashank Gupta

    Best jobs for internationals at Duke are in the Masters of Engineering Management Program. 100% placement in top consulting firms.

  • Harish Patwardhan

    Can you able 2 share link / details plz? Should I give gre or gmat for this. how to get addmissen?

  • Sajany

    Let’s see if you can crack the TOFEL first before you think about “addmissen”….You might want to learn English first and also please learn to spell correctly. It’s the medium of instruction in business schools. It’s people like you that give international students a bad rep.

  • Ricky

    Ok Sanjay! You are your 3.5 years of experience at some sweatshop IT services company now want to go to HBS or Booth to get into private equity. You take two years off to write the gmat and on the 4th attempt you get 730. Then you hire some consultant to write your essays and make up all kinds of things about starting some non-profit to help autistic elephants in Antartica. After all this you get into some MBA program at a Ohio St or Maryland or NC State…you most likely cheat your way through school. You apply to Bain and BCG and McKinsey..and don’t even get an interview call. You send the same cover letter to all the top banks making up some lame reasons about why you want to be an investment banker…The JPs and GS won’t even give you a second look. Finally, you will end up with some lame job selling insurance policies. So next time you want to make fun of someone..think again!

  • http://www.facebook.com/profile.php?id=25503923 Bruce Vann

    Wow. It’s really not that serious, Sanjany.

  • Nick

    As someone who has worked at JPMorgan and Goldman Sachs in IBD and as someone who has recruited at the b school level for i-banking positions, I respectfully disagree with you. I (and many business professionals) believe that Fuqua is way ABOVE schools like Tuck (and no I don’t go to Fuqua).

    What’s great about Tuck? Solid general management school, but what else? Go visit Tuck – absolutely not impressed with student body and not engaging professors like Matt Slaughter (I almost feel like they broke top 10 by inflating their GMAT and GPA scores by extending offers to people with high scores – not leaders). At least Fuqua is extremely well-balanced…great in health care, marketing, general management, and actively growing finance and hi-tech. Great launch pad.

    Is Fuqua a Harvard or Stanford? No (not yet because it is super young). But definitely a top 10 program. I would take a Fuqua grad over Tuck any day (and frankly Columbia…has met many idiots…they need a huge talent check…I teach at the undergrad/ b school level and every Columbia grad I’ve met has been a moron).

  • Nick

    True…this scandal was terrible. Truthfully, I feel that this happens everywhere and unfortunately this instance at Fuqua blew up. Do I believe that people at Harvard, Stanford, Booth, and Kellogg don’t cheat? No – they also do…so while I agree this sucks for Fuqua, I strongly believe this happens everywhere…

  • Jamie

    What?? Ridiculous! In time it will be Harvard, Stanford, and Tuck among the choices of TOP applicants…not second grade applicants. Tuck is the best school ever. We are better than all these other crappy business schools. You probably didn’t get into Tuck…Frankly Tuck is better than Harvard or Stanford more than likely….

  • Nick

    Thanks Jamie…you JUST proved my point…look how douchey Tuckies are…what have you been up to this weekend? Oh wait, nothing because aside from Murphy’s you have nothing to do in Hanover!

    You think Tuck is better than Harvard or Stanford? Lol! You are out of your mind…although I have to give you credit for being a loyal Tuckie (since that is really all you guys have…is alumni loyalty).

    Jamie, here is a homework assignment (since none of you seem to work up at Tuck according to my observations)…poll a bunch or recruiters on their thoughts on Fuquans vs. Tuckies…would love to hear the outcomes…data doesn’t lie…Tuck places excellent in consulting (and some finance)…what else though?

    And, did I get rejected from Tuck? Actually funny, when I applied to MBA programs two years back, I was admitted to HBS and had a scholarship offer from Wharton. Turned down both because an MBA is a waste of time to begin with. I’m just saying out of the top 10 schools (for those suckers that want an MBA), Fuqua has impressed the hell out of me. Made great strides and has an excellent vision. And low douche factor (unlike Tuck).

    If you think I’d apply to Tuck (and waste $250 app fee) to be stuck in sh*tty Hanover, keep on dreaming, my friend! I really hope that Jamie is not a true sample of Tuck…although sadly, I think he (she?) is….

  • Katie

    When I applied to business school, I got into Fuqua, Kellogg, Darden, Ross, and Wharton. I chose Fuqua. No regrets at all. Has been an AMAZING time so far! Go Blue Devils!

  • Justin

    Why did you apply if an MBA is a waste of time? There is absolutely no logic in your choices. If you think an MBA is useless, fine, that’s your prerogative. However, I highly doubt someone would go through the GMAT, application, and interview process (and at schools like Harvard and Wharton to boot), and then ultimately turn down those opportunities because “an MBA is a waste of time to begin with.” No, logic says you didn’t get in at either (if you even applied). In short, you dislike Tuck either b/c you have an inferiority complex (did not get in), or you just don’t like business school in general, thus never applied anywhere, and have no point of reference to make any knowledgeable comments regarding said institution. I’m sure you’re an intelligent, successful individual, so if the reason is the former proposition, then just let it go…Tuck’s loss.

  • Nick

    Justin, I did apply to business school because, at the time, I hated my job and wanted an out, and I thought business school was the only solution. Clearly, I was wrong – if you already have business experience and not looking to change careers – not sure what the point of the MBA is…I am sure there are definitely benefits…but it depends on what you want to do…Leaving investment banking to drop 160k on b school to go back into investment banking does’t make a whole lot of sense to me (same logic applies to consulting, in my opinion).

    And actually, I do have a point of reference…I’ve visited Tuck quite a few times – I’ve observed the school in action. Completely unimpressed…but you are right in that I am only one opinion. What year are you at Tuck? Clearly my post has hurt your feelings…

  • Nick

    And, one more thing…can you explain to me how your fellow peer – Jamie – believes that Tuck is a better school than Stanford or Harvard? Tuckies, get over yourselves….you are not THAT good…

    You match an HBS or Stanford guy (and I could keep most of the other top ten schools) against a Tuckie…would be a no brainer – I bet you most executives would agree with such a statement.

    Sorry if that also hurts your feelings, Justin. But, I completely get it – you are protective of your degree! Clearly, you will be a loyal Tuckie in time and that’s wonderful! (yes, sarcasm.)

  • Jorge

    Tuck F*cking S*cks. :) You like that? I felt the need to add some wood to this fire. No but seriously, I stand by this statement.

  • Nick

    Jorge, lol! As funny as that statement is, I think that’s going a bit far…haha.

    I just think it is a highly overrated business school – simple as that! I gotta say – I love the back and forth…making my day go MUCH quicker.

  • Jorge

    way to throw me under the bus even though I was supporting your anti-Tuck sentiment….

  • theKomodo

    Katie, could you elaborate on the factors that sway you 1) away from Kellogg and Wharton, which are generally higher-ranked than Fuqua, and 2) towards Fuqua?

  • Katie

    theKomodo: all the schools I got into are incredible; no one can doubt that. For me, the decision came down to people (both Kellogg and Wharton have broad platforms to launch from after the MBA, so Duke’s strengths in multiple programs wasn’t a factor). At the end of the day, it came down to people and my visits. I thought the class I observed at Fuqua was engaging – was very impressed with the student engagement. Wasn’t as impressed at Kellogg or Wharton (but could have been luck of the draw). I have found that all my classmates here at Fuqua are incredibly accomplished (and also had many choices in terms of “higher ranked” b schools) but choose Fuqua because of its sense of community. Truthfully, I just didn’t get that kind of vibe at Kellogg or Wharton (especially Wharton). I hope this helps, but please keep in mind everyone is different – what works for me may not work for you. Fuqua felt like home to me after my three visits, and I am extremely happy with my decision to attend. I wish you the best of luck in your search.

  • SteakSauce

    Hi Katie, Thanks for your insight! I hadn’t really looked closely at Fuqua, but I think I will now visit campus and apply either in a later round this year or next fall. I definitely value sense of community and you are not the first person to metnion this about Duke/Fuqua. Thank you again. I wish you success at Duke and with your future goals.

  • Justin

    Actually, Nick, I’m not in business school at the moment. However, Tuck is on my short list of schools to which I’ll be applying (including Fuqua, Stanford, HBS, and Haas). Thus, my response wasn’t “defending” my degree, and I do agree that the person you were responding to did seem a bit immature. But using phrases like “s****y Hanover” makes your entire argument sound irrational. That was my basis for calling you out. You claim to have all this knowledge about Tuck, but use childish banter to grind your axe. I think Fuqua is a great school, which is why I’ll be applying there. Also, if I get bad vibes from Tuck when I visit, then they may drop from my list. You supported your reasoning with seemingly logical points (e.g. Tuck is good at management, but not really anything else, etc.), but then went on a rant about the dbags that inhabit the atrocity of Hanover. Grow up…if someone with your astute ability to debate, reason, and convey a message can get as far as you claim you have (JPM, GS), then perhaps we need to re-examine the requirements to move up in this world.

  • DesiGirl

    I currently go to business school in New York. I looked at all the top 15 schools including duke and Dartmouth. I hope what I am about to say doesn’t offend anyone as I am not trying to stir up drama. I think duke is way better because as an Indian female, I felt tuck was too Caucasian and this sounds weird but I felt like students were judging me because I am not white. I don’t know. I just never felt more uncomfortable leaving a business school than I felt leaving tuck. Never felt that way at duke since it is much more diverse. I wouldn’t recommend tuck to minorities, personally. Again, I hope I didn’t offend anyone. This is purely my own observations. Good luck to all who are applying!

  • Nick

    Justin, have you visited sh**ty Hanover? Visit then please comment. My guess is this debate will end once you step foot there. And, to further support my point, do it now – in the middle of winter! Enjoy! (yes, sarcasm)

  • SlamBunk

    Justin–I got into Tuck, Kellogg, and Darden when I applied to business school. The choice really came down to Tuck and Kellogg. I have to agree with Nick (even though I agree he is being harsh). Hanover is not somewhere you want to spend 2 years in your mid-twenties (especially if you are single), seriously. And, you have to think about how its remote location affects recruiting. They have excellent recruiting but you need to realize that the excellent recruiting is a function of Tuck alums coming back – not unaffiliated employers .(Tuck will never admit that, by the way…but you tend to learn more about schools after you are admitted). Check out Kellogg…I loved it there. But, if I have to voice my opinion on the duke/dartmouth topic, I would have to say duke wins this competition. Again, others may disagree with me and that is completely fine with me. I wish you the very best with your applications. I remember that process once – hang in there – everything works out…:)

  • theKomodo

    Thanks, Katie! I’m interviewing with a 2nd year soon. I’m really excited at the prospect of joining Team Fuqua!

  • Katie

    theKomodo: Good luck to you!! You’ll do just fine. The interviews are very relaxed…:)

  • TuckHater

    Tuck Blows!!! It’s like the “Special Ed” business school with all its hand holding and teamwork – ha! Also I don;t like their admissions gals either….very rude. I feel that Tuck students think they are the sh*t and they definitely arent…Why do recruiters even make the trip there with MIT, Harvard, Cornell, Columbia, and Penn dominating the Northeast? Seems like a waste of a trip. Dartmouth should just cut the loss and close down Tuck.

Partner Sites: C-Change Media | Poets & Quants for Execs | Tipping the Scales