University of Maryland's Smith School and the Deloitte Foundation to Fund Scholarships for Students Pursuing a Fifth-year Master's Program in Accounting

COLLEGE PARK, Md., Jan. 25, 2023 /PRNewswire/ -- In an effort to support a racially and ethnically diverse student population and help strengthen the pipeline of diverse CPA talent, the University of Maryland's Robert H. Smith School of Business has announced its collaboration with the Deloitte Foundation in the Deloitte Foundation Accounting Scholars Program (DFASP).

Launched in 2021, the DFASP works in parallel with Deloitte's* MADE (Making Accounting Diverse and Equitable), a $75 million commitment to fuel greater racial and ethnic diversity in accounting and tax and generate more opportunities and leadership pathways for the next generation of certified public accountants (CPAs). The Deloitte Foundation expects to fund $30 million in scholarships for students over the next several years, including students interested in pursuing a fifth-year master's degree in accounting, master's of tax or master's of accounting with a concentration in audit, advisory or tax through the Deloitte Foundation Accounting Scholars Program. The Deloitte Foundation is collaborating with nearly 20 participating colleges and universities across the U.S., including UMD's Smith School, in an effort to increase representation of racially and ethnically diverse students in these programs. DFASP participating schools and the Deloitte Foundation will cover 100% of tuition (excluding books and living expenses) for selected students.

"The Deloitte Foundation helps accelerate innovation and equity in education to build pathways to opportunity for the workforce of tomorrow," said Erin Scanlon, Deloitte Foundation president. "We are very excited to bring the Deloitte Foundation Accounting Scholars Program to more colleges and universities this year to engage more diverse students in pursuing a career in accounting or tax."

Assistant Dean of MS Programs for the Smith School, Emanuel Zur says, "The Deloitte Foundation's collaboration with the Smith School is a vital move to expand the opportunities for students who are underrepresented in accounting and tax to gain advanced knowledge extending far beyond the fundamentals in accounting. In doing so, we are proud to enhance the Smith School's equitable environment to critically strengthen the pipeline of racially and ethnically diverse talent entering a CPA profession that is becoming more perceptive and sensitive to the changing landscape of diversity, equity, and inclusion in the workplace."

Applications for the 2023-2024 school year opened in the fall, with scholarships to be granted in Spring 2023. Interested students should apply for admission to the Smith School, and then separately apply to be considered for the DFASP. Each school will select the scholarship recipients.

For more information, visit the Smith School website or the Deloitte Foundation Accounting Scholars Program website.

About the University of Maryland's Robert H. Smith School of Business

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master's, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

About the Deloitte Foundation

The Deloitte Foundation, founded in 1928, is a not-for-profit organization that supports education in the U.S. through a variety of initiatives that help develop the next generation of diverse business leaders, and their influencers, and promote excellence in teaching, research and curriculum innovation. The Foundation sponsors an array of national programs relevant to a variety of professional services, benefiting high school students, undergraduates, graduate students and educators. Learn more about the Deloitte Foundation.

*Please see www.deloitte.com/us/about for a detailed description of our legal structure.

Contact: Greg Muraski at [email protected]

SOURCE University of Maryland's Robert H. Smith School of Business