Diversity has become a buzzword throughout the business world, however one place where its potential has not been fully realized is in the classrooms of some of the top MBA programs in the world. In this way, many business schools struggle to emulate the markets to which they send graduates to.
We can all agree diversity in the workplace and in the classroom make for a more rewarding experience for all. Let’s discuss how diversity can manifest itself during the MBA application process:
In the United States, this is one of the most important and severely-lacking forms of diversity in top MBA programs. Underrepresented minorities – such as African-Americans, Native Americans, and Hispanic Americans – in the U.S. still represent tiny portions of most schools’ incoming classes.
Many blue chip companies rely on MBA programs to serve as feeders for their talent, and if MBA programs remain barren of diverse candidates, then top companies will also struggle in this department. Given this need, qualified, underrepresented minorities really can stand out in the application process if they package together the “right” application.
Business schools have made remarkable strides when it comes to gender diversity. MBA programs have historically been a “boys club,” but most programs have narrowed the gap here and come closer to the desired 50/50 gender ratio. This year, Northwestern’s Kellogg School even reported a record 43% of female MBA students in their Class of 2018. Even with these improvements, women still remain a minority of sorts, which can prove advantageous in the application process.
The business world has become truly global – a shift that most programs have tried to mirror. The business school campus of today can take on the look of the United Nations, itself. The array of experience and thought this diversity brings to the classroom can help shape a class set out to become the global leaders of tomorrow. Remember, there are certain regions of the world that are underrepresented and others that are over-represented, so international diversity can go both ways when it comes to admissions.
With the holistic nature of the MBA admissions process, diversity can play a huge role in shaping the student community for the incoming class. This diversity of thought, perspective, and experience is certainly a hallmark of the MBA experience.
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Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can read more articles by him here.