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334 Potential Business Professors Attend Award-Winning PhD Project Conference

334 Potential Business Professors Attend
Award-Winning PhD Project Conference

Program Supports Diversity In Corporate America

December 5, 2012—The PhD Project, an award-winning program to create diversity in management, gave 334 minority participants an in-depth, three day opportunity to change their lives – and the face of management education in the U.S.—by becoming business professors.

At its 19th annual conference in Chicago, The PhD Project brought 334 African Americans, Hispanic Americans and Native Americans together to explore the benefits of pursuing a business Ph.D. and becoming a business professor.

The conference participants, who were selected from 800 applicants after a rigorous application process, listened to presentations by deans, professors and current minority doctoral students. They were then able to meet with representatives from over 90 doctoral-granting universities at the university recruiting fair.

The PhD Project addresses the severe under-representation of African-Americans, Hispanic-Americans and Native Americans in management by diversifying the front of the classroom-the business school faculty. A diverse faculty encourages more minorities to pursue business degrees, thereby increasing the pool of minority applicants for positions in today’s multicultural corporate environment. Primarily due to The PhD Project, the number of minority professors has nearly quadrupled since the Project’s inception in 1994.

“Approximately 334 potential doctoral candidates were encouraged to change careers and consider becoming business school professors,” said Bernard J. Milano, President of The PhD Project and the KPMG Foundation, founder and lead funder of the program. “The PhD Project gives these participants all the tools they need to make an informed decision about entering a doctoral program. We hope to see many of them begin their Ph.D. journeys soon.”

When The PhD Project was created in 1994 by the KPMG Foundation, there were only 294 doctorally qualified African-American, Hispanic American or Native American minority business professors in  U.S. university business schools.  Today there are 1,168 minority business professors, a nearly 300% increase. Further, 359 minorities are currently enrolled in doctoral programs, and will take a place at the front of the classroom over the next few years.

Some of America’s top companies, foundations, associations and academic organizations support The PhD Project. They are: KPMG Foundation, Graduate Management Admission Council, Citi Foundation, AACSB International, 275+ universities, AICPA Foundation, DiversityInc, JPMorgan Chase Foundation, The Merck Company Foundation, Microsoft Corporation, Dixon Hughes Goodman LLP, Rockwell Collins, American Marketing Association, John Deere FoundationAT&T, CIGNA, ADP, American Express, The Federal Reserve Bank of Chicago, California State University SystemEdison International, Lincoln Financial Group, Greater New York Hospital Association and Aerotek/TEKsystems (operating companies of Allegis Group).

To view a short video overview of The PhD Project Conference, and for more information on The PhD Project, please visit: www.phdproject.org.

For more information contact Lisa King at 646-234-5080 or lisak@mediaimpact.biz.

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