News Column

Top 10 Business Schools for Hispanics

September 2005, HISPANIC BUSINESS Magazine

1. Stanford University
Graduate School of Business
Stanford, CA
(650) 723-2766

Total graduate enrollment 753
Hispanic graduate enrollment 99
Percent Hispanic graduate enrollment 13.1%
Total MBA degrees earned 381
MBA degrees earned by Hispanics 57
Percent of MBA degrees earned 15% by Hispanics

Diversity begins in the application process with information sessions around the United States for underrepresented audiences. The MBA Admissions office also offers the "Many Voices" weekend program for prospective candidates. In the Charles P. Bonini Partnership for Diversity fellowship program, students are placed in a nine- to 12-month internship with a participating corporate partner. Students receive a salary plus a full-tuition grant for two years. On campus, the Hispanic Business Students Association honors a Hispanic alumnus every year at its Jerry I. Porras Latino Leadership Award banquet, named for the Stanford professor and best-selling author. Last year the Business School Alumni Association introduced a Stanford Business School Hispanic Alumni Association Directory to allow Hispanic alumni to network professionally.

2. University of California, Berkeley
Haas School of Business
Berkeley, CA
(510) 642-1405

Total graduate enrollment 495
Hispanic graduate enrollment 41
Percent Hispanic graduate enrollment 8.3%
Total MBA degrees earned 249
MBA degrees earned by Hispanics 21
Percent of MBA degrees earned 8.4% by Hispanics

The Haas School fosters diversity through participation in the National Society of Hispanic MBAs, Management Leadership for Tomorrow, Riordan Fellows programs, Haas Merit Scholarships, and Haas Achievement Awards. These programs and external resources such as the Robert Toigo Foundation and Infusion scholarships ensure that students with the talent to thrive in the program have the financial support to do so. MBA applicants can attend the Haas Diversity Conference and Workshop on October 28 through 29, which will cover the value of an MBA, the Haas admissions process, curriculum, student life, and the benefits of a strong global alumni network. In the program, the Latin American and Hispanic Business Association organizes business projects, trips, and social events.

3. University of Texas at Austin
McCombs School of Business
Austin, TX
(512) 471-7612

Total graduate enrollment 705
Hispanic graduate enrollment 102
Percent Hispanic graduate enrollment 14.5%
Total MBA degrees earned 486
MBA degrees earned by Hispanics 62
Percent of MBA degrees 12.8% earned by Hispanics

Hispanic Americans comprise 10 percent to 15 percent of each MBA class at McCombs, and many Fortune 500 corporations consider it a top school for recruiting Hispanic MBAs. "McCombs is uniquely positioned to serve as one of our strategic diversified talent sourcing institutions to recruit future Latino and Latina leadership talent," says Louis Laguardia, vice-president for Staffing and Diversity at Frito-Lay North America. Bob Koudelka, managing director of Deloitte Consulting, says: "The quality and breadth of the Hispanic MBA students at McCombs is impressive and we invariably find a long list of candidates who are suited to our culture and practice." Student organizations include the Hispanic Graduate Business Association and the International MBA Students Association.

4. Yale University
Yale School of Management
New Haven, CT
(203) 432-5932

Total graduate enrollment 468
Hispanic graduate enrollment 29
Percent Hispanic graduate enrollment 6.2%
Total MBA degrees earned 227
MBA degrees earned by Hispanics 26
Percent of MBA degrees earned 11.5% by Hispanics

The Yale School of Management recruits a diverse student body, including Hispanic students, through its Diversity Reception, its Explore Diversity weekend, and its affiliations with the National Society of Hispanic MBAs, the Robert Toigo Foundation, Management Leadership for Tomorrow, and the MBA Diversity Alliance. Student clubs include the Hispanic MBA Advisory Council and the Latin American Student Club. In addition, MBA students have the opportunity to participate in Yale's university-wide organization, La Casa Cultural. To apply to attend the Explore Diversity weekend, prospective applicants can visit the Web address above, contact the admissions office via telephone, or e-mail

5. University of Miami
School of Business Administration
Coral Gables, FL
(305) 284-4607

Total graduate enrollment 302
Hispanic graduate enrollment 60
Percent Hispanic graduate enrollment 19.9%
Total MBA degrees earned 113
MBA degrees earned by Hispanics 24
Percent of MBA degrees earned 21.2% by Hispanics

Situated on a tropical campus in the Mediterranean-style city of Coral Gables, the University of Miami School of Business Administration has been described as the "Ivy League School of the South." Located at the gateway to Latin America, the school provides educational opportunities in a global community. The professors understand Hispanic culture and business by publishing in top-tier journals and working as consultants to Fortune 500 companies. Upon graduation, students become part of the sixth largest alumni network in the country. Organizations include the Hispanic Heritage Month Association, Latin American Student Association, and Federacion de Estudiantes Cubanos. The school recently built a $23 million facility complete with computer access at every seat, and a "paperless library."

6. Duke University
Fuqua School of Business Durham, NC
(919) 660-7705

Total graduate enrollment 806
Hispanic graduate enrollment 29
Percent Hispanic graduate enrollment 3.6%
Total MBA degrees earned 343
MBA degrees earned by Hispanics 14
Percent of MBA degrees earned 4.1% by Hispanics

The school reaches out to Hispanic students early through programs such as LEAD, in which high school juniors and seniors attend a summer program to develop business plans. The Duke MBA Workshop for Minority Applicants is held each fall to give prospective students an overview of national MBA programs from the admission process to the career and job search. The Black and Latino MBA Organization partners with the admissions office to serve as host for the three-day workshop. The diversity pipeline continues with programs such as the Riordan Fellows, Management Leadership for Tomorrow, and the MBA Diversity Alliance. The Duke MBA experience does not end with graduation: Many alumni are actively engaged in the recruitment of minority students.

7. Columbia University
Columbia Business School
New York, NY
(212) 854-1961

Total graduate enrollment 1,196
Hispanic graduate enrollment 43
Percent Hispanic graduate enrollment 3.6%
Total MBA degrees earned 663
MBA degrees earned by Hispanics N/A
Percent of MBA degrees earned N/A by Hispanics

Located in New York City, Columbia Business School features an international student body, opportunities to meet with recruiters and managers from every industry, and the support of a global alumni network. On campus, the Hispanic Business Association (HBA) provides a forum for Hispanic MBA students. The Latin American Business Association is one of the most active student organizations, with more than 170 members from all around the world. In recruitment, admissions officers and HBA members attend forums and receptions in cities nationwide including New York, San Francisco, Dallas, Boston, and Washington, D.C. They also attend functions such as the National Society of Hispanic MBAs Conference and host minority receptions for Hispanic and African-American students.

8. University of Michigan
Ross School of Business
Ann Arbor, MI
(734) 763-5796

Total graduate enrollment 853
Hispanic graduate enrollment 27
Percent Hispanic graduate enrollment 3.2%
Total MBA degrees earned 486
MBA degrees earned by Hispanics 17
Percent of MBA degrees earned 3.5% by Hispanics

The Ross School of Business recruits Hispanic MBA students through a partnership with the Consortium for Graduate Studies in Management and representation at the events organized by the National Society of Hispanic MBAs and the Society of Hispanic Professional Engineers. Ross continues to have a strong recruiting presence in Latin America. Every November, the school's Hispanic and Latin Business Students Association partners with the Office of Admissions to offer a select group the opportunity to attend the Ross "UpClose" weekend with workshops, career development presentations, class sessions, and social events. According to The Wall Street Journal, when asked which business schools are good sources for hiring minorities, recruiters named Ross more often than any other MBA program.

9. Florida International University
Chapman Graduate School
of Business
Miami, FL
(305) 348-7398

Total graduate enrollment 922
Hispanic graduate enrollment 450
Percent Hispanic graduate enrollment 48.8%
Total MBA degrees earned 41
MBA degrees earned by Hispanics 20
Percent of MBA degrees earned 48.8% by Hispanics

The Chapman Graduate School of Business at Florida International University (FIU) prepares Hispanic professionals for today's entrepreneurial, technology-driven, global economy. FIU has organizations specific to Hispanic heritage such as the Venezuelan Student Association, Colombian Students Association, Cuban-American Student Association, and the Dominican-American Student Organization. "In assessing B-school opportunities, I selected FIU as my top choice due to the quality/value equation," says Albert Couto, now vice-president of finance at Burger King. From a recruiter's perspective, "FIU is a gold mine of well-prepared diversity candidates," says Olga Bowie, diversity program manager at IBM. "FIU provides high quality education and service to the students, making them a highly sought commodity by employers."

10. University of New Mexico
The Robert O. Anderson Schools of Management
Albuquerque, NM
(505) 277-3147

Total graduate enrollment 454
Hispanic graduate enrollment 99
Percent Hispanic graduate enrollment 21.8%
Total MBA degrees earned 130
MBA degrees earned by Hispanics 21
Percent of MBA degrees earned 16.2% by Hispanics

The university's corporate partners include Ford, KPMG, Target, Goldman Sachs, Pulte Homes, and Grant Thornton. The Hispanic Business Student Association and the Association of Latino Professionals in Finance and Accounting encourage excellence in the classroom. In 2006 the school will open an investment center, where finance students will manage funds in excess of $2 million. Placement for Anderson graduates exceeds 90 percent within three months of graduation.

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