Duke University’s Fuqua School of Business continues to innovate. The school has just announced a new master’s program designed to provide basic entry-level business skills to recent college graduates and advanced degree holders with no prior full-time work experience.
The school’s new Master of Management Studies in Foundations of Business (MMS) program consists of 12 business courses taught over four six-week terms. MMS coursework will cover all of the basic areas of business training: finance, accounting, marketing, strategy, operations, decision analysis and management. All MMS courses will be taught by the same Fuqua faculty that teaches in the core MBA program. The first MMS class will enter Fuqua this fall.
The MMS program requires no previous business studies, although a basic knowledge of calculus, statistics and computer skills is required. For students who enter the program with no training in these areas, “boot camps” in statistics and computer skills are available. It’s noteworthy that, while the majority of the MMS program’s students will be recent college grads, it is actually designed for anyone with little or no work experience, including Master’s degree and PhD holders.
Is this program right for you? While there is no single rule that can be applied to everyone, we often tell our MBA admissions clients that they’re better off getting at least a couple of years of full-time work experience before they pursue a graduate business degree. We still believe this to be true, although there may very well be a place for programs such as MMS in the education market.
If you have just graduated from college and think you will one day want to earn an MBA, then we recommend getting two to five years of work experience before applying to business school. However, if you don’t plan on pursuing an MBA and want a basic level of business training in order to get your professional career started, then the Master of Management Studies program may be a good fit for you.
For more information about Duke’s Fuqua School of Business, visit the Veritas Prep Fuqua information page.