413! That's how many full-tuition scholarships the Consortium for Graduate Study in Management awarded in 2017 to promising MBA applicants through its Consortium Fellows program. The Consortium, a nonprofit organization established in 1966 to increase access for diverse candidates in America, offers merit-based, full-tuition scholarships to any of its 19 member business schools.
The Consortium Fellowship is open to MBA applicants with strong academic records who demonstrate a commitment to the Consortium's mission of expanding access for African Americans, Hispanic Americans, and Native Americans in American business. Since its founding, the Consortium has awarded more than $390 million in scholarships. But in addition to covered scholarship dollars, Consortium Fellows also benefit from recruitment events, webinars and chats, networking opportunities, and more.
The Consortium's October 15th early application deadline is fast approaching, so don't miss today's post covering everything you need to know about the application process. The regular application deadline to apply to the Consortium is January 5, 2019.
Inside the Consortium Application Process
The representation of minority students in MBA programs has long been an area of concern. Though African Americans account for 12 percent of the U.S. population and 10 percent of bachelor’s degree earners, they make up only 8 percent of people who sat for the GMAT in 2015. For Hispanic Americans the numbers are even lower: They comprise 17 percent of the U.S. population, but only 10 percent of bachelor’s degree earners and 7 percent of GMAT examinees, according to Understanding Underrepresented Populations in the Business School Pipeline, a research report produced by the Graduate Management Admission Council. Fortunately, groups like the Consortium for Graduate Study in Management are working to change this reality.
The Consortium is a nonprofit organization dedicated to helping more underrepresented minority candidates earn an MBA degree and become corporate leaders. It does this by providing access to merit-based, full-tuition fellowships, recruitment events, webinars and chats, networking opportunities, and more. Think of the Consortium as a thriving network of leading graduate schools, corporate partners (including Fortune 500 companies), MBA students and alumni (9,000 total), government agencies, and entrepreneurial ventures.
With the first application deadline for the Consortium approaching on October 15th, we wanted to cover the details of applying. The Consortium typically recruits a class of 400 students each academic year, asking that those who apply demonstrate a commitment to increasing the ranks of African Americans, Hispanic Americans, and Native Americans in business education and corporate leadership. You do not have to be an underrepresented minority yourself to apply, just committed to the Consortium vision.
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