ROSEMONT, Ill., Nov. 19 /PRNewswire/ -- The PhD Project released the
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
SOURCE The PhD Project