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 professors. 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