Nearly 500 Minorities Consider Switch from Board Room to Classroom At Doctoral Program Conference

Nov 19, 1997, 00:00 ET from The PhD Project

    ROSEMONT, Ill., Nov. 19 /PRNewswire/ -- The PhD Project released the
 following today:
     African-American, Hispanic-American and Native American business
 executives are being encouraged to leave the corporate suite and enter new
 careers as students -- to earn their Ph.D.'s and then become business school
     As part of a nationwide initiative, 465 minorities were scheduled to hear
 from professors and current doctoral students about the benefits of pursuing
 a business Ph.D. at the Fourth Annual PhD Project Conference, sponsored by
 KPMG Peat Marwick Foundation, Graduate Management Admission Council and other
 leading corporations in Chicago (November 20-21).
     "The ultimate goal is to draw more minorities to corporate America by
 increasing the number of minorities in business school faculties -- research
 shows more minority mentors means more minority students will see business as
 a viable option," said Bernard J. Milano, director of The PhD Project and the
 Foundation's executive director.
     "Over 90 percent of business school faculties are white -- our program is
 helping correct this imbalance," said Milano.  "At The PhD Project Conference,
 we aim to give participants a full understanding of how a Ph.D. can affect
 their lives and the lives of future minority students."
     Conference attendees learn careers in academia are viable, challenging and
 rewarding -- and that a Ph.D. doesn't always cost money.  Typically tuition is
 waived and doctoral students earn stipends for research or teaching, while
 business school professors are well-paid -- earning up to $100,000 yearly.
 Additionally, potential students learn about the enrollment process, funds
 available and curriculum possibilities, all explained by representatives from
 75 B-school doctoral programs.
     "Diversifying the front of the classroom -- the population of professors
 -- will diversify the business school student population," Milano adds.  "That
 can't happen fast enough for corporate America, which needs talented
 minorities to meet the demands of today's and tomorrow's marketplace."
     In addition to KPMG and GMAC, The PhD Project sponsors include:
     Citibank               AACSB                       Ford Motor Company
     Abbott Laboratories    General Mills Foundation    Westinghouse Foundation
     Participating          Chrysler Corporation Fund   Texaco
       Universities         James S. Kemper Foundation
     Fannie May Foundation
     The PhD Project Conference will be held starting at 8:00 a.m., Thursday,
 November 20th and Friday, November 21st at the Chicago Hyatt Regency O'Hare
 Grand Ballrooms.

SOURCE The PhD Project