In 1966, a professor at Washington University, Sterling Schoen created The Consortium for Graduate Study in Management in order to give African American men the business skills they needed to secure positions in American corporations. Just two years after the Civil Rights Movement, this was a bold endeavor, and one whose impact is stronger than ever today.
While no longer restricted to males or African Americans, the Consortium and its member schools and companies provides critical focus on diversity in higher education and the workplace. In 2004, in fact, they decided to include all U.S. citizens and permanent residents who have demonstrated a commitment to The Consortium’s mission: to reduce the under-representation of African Americans, Native Americans and Hispanic Americans in education and business.
Schoen and his team created a cooperative network of universities which has grown over the years and today includes:
- University of California, Berkeley, Haas School of Business
- University of California, Los Angeles, UCLA Anderson School of Management
- Carnegie Mellon University, Tepper School of Business
- Cornell University, Samuel Curtis Johnson Graduate School of Management
- Dartmouth College, Tuck School of Business
- Emory University, Goizueta Business School
- Georgetown University, McDonough School of Business
- Indiana University-Bloomington, Kelley School of Business
- University of Michigan-Ann Arbor, Stephen M. Ross School of Business
- New York University, Leonard N. Stern School of Business
- University of North Carolina at Chapel Hill, Kenan-Flagler Business School
- University of Rochester, Simon School of Business
- University of Southern California, Marshall School of Business
- The University of Texas at Austin, McCombs School of Business
- University of Virginia, Darden School of Business
- Washington University in St. Louis, Olin Business School
- University of Wisconsin-Madison, Wisconsin School of Business
- Yale University, Yale School of Management
1. Saves Time and Money
One of the advantages to applying to these schools through the Consortium, is that a single application allows you to apply to up to six member schools, which everyone knows who is applying to b-school, saves critical time and also money. Speaking of money, last year, the Consortium also offered 380 fellowships to selected MBA students around the country including full tuition and mandatory fees for two years of full-time study.
2. Convenient Interviews
Another way it saves time by applying through the Consortium, is by leveraging recruitment events they offer. These events, taking place in September, October and January, include a half-day overview of the full-time MBA program of choice, plus a chance to actually interview the same day. Other information presented includes a preview of Career Management Centers, senior faculty panels, and an admissions workshop to help prepare the best possible application.
3. Job Opportunities
Perhaps the biggest advantage of all, however are the post MBA job opportunities which come from member corporations who are committed to hiring Consortium fellows. If you fall into one of the target categories, you should definitely give the Consortium application strong consideration!
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Scott Bryant has over 25 years of professional post undergraduate experience in the entertainment industry as well as on Wall Street with Goldman Sachs. He served on the admissions committee at the Fuqua School of Business where he received his MBA and now works part time in retirement for a top tier business school. He has been consulting with Veritas Prep clients for the past six admissions seasons.