Minority Interest in Obtaining Business Ph.D.s Reaches an All-Time High

Nov 20, 1997, 00:00 ET from The PhD Project

    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
     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