The PhD Project drew hundreds of minority participants to a three-day annual conference in Chicago last month that was designed to bolster diversity leadership in business schools.
"At this year's conference, over 350 potential doctoral candidates were encouraged to change careers and consider becoming business school professors," Bernard J. Milano, president of the PhD Project and the KPMG Foundation, said in a news release.
The PhD Project aims to address the under-representation of Hispanics, African Americans and Native Americans on business school faculties by encouraging minority students to pursue business degrees.
Participants, who had been selected from among 800 applicants, explored the benefits of pursuing a business Ph.D. and becoming a business professor.
"The PhD Project gave these participants all the tools they need to make an informed decision about entering a doctoral program," said Mr. Milano, who is also the founder and lead funder of the program. "We hope to see many of them begin their Ph.D. journeys soon."
Participants listened to presentations by deans, professors and minority doctoral students, and met with representatives from more than 100 doctoral-granting universities at the university recruiting fair.
Related: 2013 Best Business Schools for Hispanics
When the KPMG Foundation created the PhD Project in 1994, there were only 294 doctorally qualified Hispanic, African American or Native American minority business professors in U.S. university business schools, according to the release. That number has climbed to 1,217 today.
Currently, 361 minority students are enrolled in doctoral programs, and will take a place at the front of the classroom over the next few years.
Companies, foundations, associations and academic organizations supporting the PhD Project include Microsoft Corp., 3M and the Hershey Co.; the Citi, JPMorgan Chase and The Merck Co. foundations; the American Accounting Association; and more than 275 universities.
Here's a video overview of the PhD Project conference:
For more information on the PhD Project, click HERE.
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