Minority Interest in Obtaining Business Ph.D.s Reaches an All-Time High
ROSEMONT, Ill., Nov. 20 /PRNewswire/ -- More underrepresented minorities are expressing interest in entering business Ph.D. programs than ever before, according to the 1997 results of a four-year partnership between corporate America and academia that aims to diversify the faculties of business schools. According to the results announced today, 1,153 underrepresented minorities (African-Americans, Hispanic-Americans and Native Americans) expressed interest in attending the 1997 PhD Project Annual Conference in Chicago, the forum where prospective minority doctoral students learn the many facets of pursuing business Ph.D.s. This is more than double the number of people who expressed interest in earning a business Ph.D. three years ago. "When we began The PhD Project in 1994, many people looked at the nearly all-white faculties at most business schools and questioned whether large numbers of minorities had interest in becoming business school professors," said Bernard J. Milano, director of The PhD Project and executive director of the KPMG Peat Marwick Foundation. "The number of people who've expressed interest this year shatters the myth that talented minorities aren't interested in pursuing business Ph.D.s." The PhD Project, co-lead sponsored by KPMG Peat Marwick Foundation and the Graduate Management Admission Council (GMAC), is a program to attract talented minorities to pursue business degrees. Applications are sent to potential minority doctoral candidates, many of whom currently hold positions in corporate America. Applicants are screened by The PhD Project, and about one- third are invited to the conference. There, this group meets with representatives from corporations and 75 B-schools to discuss trading their corporate jobs for teaching careers -- and becoming role models for the next generation of minority students. The message for conference attendees is clear -- careers in academia are viable, challenging and rewarding -- and a great opportunity to impact the lives of future business leaders. In addition to KPMG and GMAC, The PhD Project sponsors include: Citibank Abbott Laboratories Participating Universities Fannie Mae Foundation AACSB General Mills Foundation Chrysler Corporation Fund James S. Kemper Foundation Ford Motor Company Westinghouse Foundation Texaco The PhD Project Conference will be held Thursday, November 20th and Friday, November 21st, in the Hyatt Regency O'Hare Grand Ballroom.
SOURCE The PhD Project
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