Ask a Fuqua Student

Greetings prospective Executive MBA students!

It looks like there are at least a few of you out there that are looking for information about the Cross Continent MBA program or Duke/Fuqua in general, and you eventually make your way here.  Cool.

In the comments section, leave a question you have about the program and I’ll pass them along to some classmates to get a wide range of answers.  The intent here is to talk more about the program experience, not to answer specific questions related to admissions or other info easily found on the Duke website.  There are plenty of great books and highly qualified admissions consultants out there that can answer questions about GMAT scores, essays, etc.

Note:  Standard disclaimers apply…none of us work for Fuqua, comments are the only the opinion of whomever expresses them, this doesn’t constitute any guarantee for admission, etc.


Questions/Answers:

1.  $120k is a significant amount of money for an MBA.  What is it about the Cross Continent MBA program that makes it worth this price tag?

  • Coming from Real Estate, I’m definitely a non-traditional MBA student!  An MBA was part of my personal growth plan when I moved to Russia, and the Cross Continent MBA is a realization of that goal.  From a professional standpoint, I look to improve my skill set and increase my business network. The majority of my working career has been in Russia, so I look to the Duke MBA to solidify my position in the U.S. business community as well as providing myself with additional tools and confidence in the workplace.  That alone will be well worth the investment.  - Bob Aubrey, Real Estate, Russia
  • $120K is a significant amount of money, but it is not much more than most EMBA programs at any top 10 school.  I am paying the premium for several reasons.  I am paying for Duke’s brand.  I am paying for a program that gives me more international exposure then any program on the market.  Most importantly, I am paying for a global cohort of individuals in my class.  The diversity of experience in my classmates is important to me and no other program out there gives me this kind of diversity- even programs I researched located in other countries. – Marisa Eddy, Consultant, United States
  • You can get this MBA from anywhere in the world, you aren’t tied to a specific city, region, or country while in the program.  You will also gain international competence.  I’ve already begun to look at the world with a different set of eyes. – Wasim Al-Abed, Wireless Telecommunications, United States
  • I was originally considering going to a full-time program.  Given that tuition and expenses for full time programs are comparable–and I’m still getting paid a salary for 2 years–the cost wasn’t as hard to swallow.  The ability to keep working and progressing in my career, while also traveling the world while learning, is the perfect combination.  - Adam Ball, Finance (Entertainment/Media), United States

2.  How do you plan on financing your education?  How quickly do you plan on paying of this debt?  Do you believe that your increase in salary after graduation will be worth such a hefty initial investment?

  • Unfortunately, my company is providing no additional time off or financial support. However, one of the advantages of living in Russia is a lower cost-of-living, so I will be able to pay for tuition out of salary and savings over the next 16 months. In terms of being “worth it”, this degree gives me career flexibility, which is priceless.  Before entering the program, I was being pigeon-holed by my boss and “squeezed” on compensation. This trend has reversed substantially in the last several months since I started the program.  - Bob Aubrey, Real Estate, Russia
  • I’m financing the tuition costs through student loans. I plan to pay the loans off within a 5 – 7 year period. Once I factored in the difference in graduating salary between several schools, the Cross Continent MBA was a calculated risk that I was willing to take. – Wasim Al-Abed, Wireless Telecommunications, United States

3.  Although Duke has just 1 MBA degree, will it be correct to say that the professors don’t take a Cross Continent MBA program as seriously as they take the regular MBA? I mean would it be like a second class MBA?

  • The difference between the programs is not in the quantity of material or quality of instruction, just the program delivery.  A co-worker of mine is currently going through the Wharton EMBA program, and her stories about the material and workload aren’t any worse than mine, just different. – Randy Zwitch, Financial Services, United States

 

The Fuqua (pre-)Application – Duke initiates contact!

An interesting “feature” of the GMAT exam is that before the test, you are asked which schools you intend to apply to, so that you can electronically submit your test results.  After taking the exam, you are given three choices:

  1. Submit the results to your school(s) of choice immediately after the test session, but before you know the results (free)
  2. Don’t specify where you will be applying up front, find out your test results, then submit  to the school(s) of choice (additional $ per school submission)
  3. Cancel the test (no one finds out the results, results purged from record, waste $250 and 4 hours of your time)

I’ve never been one to second-guess myself, so for both sittings I chose the free option and submitted my test results.

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…And then there were two

With my GMAT score in place, and four business schools remaining on my short list, it was time to do some research to determine which school(s) to apply to, and in which order.  As I learned from my test taking fiasco, without proper preparation and research you can spend a lot of time, effort and money and get very little to show for it.

Rather than rely solely on school rankings such as those published by BusinessWeek or U.S. News & World Report, I decided to thoroughly research each program, starting with the school website.  Here’s what I learned:

Wharton (UPenn) – The first collegiate business school, claims to have the largest business school faculty and alumni network in the world.  Program takes 2 full years, offers no scholarships, and segments students at admissions into “fellows” program if under 30, requiring additional sections on the application.  Classes meet every other weekend in Philadelphia.  Total cost:  $156,600

Stern (NYU) – Program takes 22 months to complete, classes meet every other weekend in NYC .  Applicants must have at least six years work experience, with an average of 14 years experience and 38 years of age.  Total cost: $137,000

Fuqua (Duke) – School ranked #1 by BusinessWeek for intellectual capital, a proxy for faculty quality.  Program takes 16 months to complete, August 2009 – December 2010.  Rather than meeting every other weekend in fixed location, program broken into six terms with five overseas residencies: London, Dubai, Delhi, Shanghai, and St. Petersburg.  Average student age: 30.  Total cost:  $115,500

Columbia – Program takes two full years to complete, and like Wharton, no scholarships or grants available.  Students average 10 years work experience, 32 years of age.  Classes meet Friday-Saturday in NYC, 86% of students live in local NYC metro area.  Total cost: $144,000

From my research, I immediately ruled out NYU.  From their description of the “average” student, it was clear that the “Executive” part of their EMBA program truly meant upper levels of management, rather than a description of the program delivery.  I also eliminated Columbia, as continuous travel to NYC would be quite taxing and expensive.

That left Wharton and Fuqua as my two remaining schools.  Wharton, a top-notch school in my backyard.  Fuqua, a top-notch school with classes around the world.  With two remaining schools, the stress was already mounting:  I had chosen them, but would they choose me?