As one of the first three schools to form The Consortium for Graduate Study in Management, the Wisconsin School of Business was recognized in a recent Wall Street Journal article for its commitment to recruiting a more diverse student body.
“The Consortium for Graduate Study in Management, a group of 17 schools (including Dartmouth College’s Tuck School of Business, University of California, Berkeley’s Haas School of Business and University of Wisconsin-Madison’s Wisconsin School of Business)” join more than 80 companies—including large corporations like ExxonMobil, Goldman Sachs, and Wal-Mart—in providing application discounts to prospective students, offering over 200 full scholarships to underrepresented groups annually, and granting access to coveted jobs after these students graduate, writes the Journal.
According to Consortium CEO Peter Aranda, Consortium member schools like Wisconsin have substantially higher minority enrollment than top-50 programs that are not members of the group. Among Consortium schools, 10% of enrolled students are underrepresented minorities—a small number, but still higher than in non-member programs and large enough to deliver the competitive advantage the consortium strives to maintain, keeping them on par with top non-member institutions such as Harvard Business School, Stanford Graduate School of Business, and University of Pennsylvania’s Wharton School.
Aranda, a member of the Cherokee and Otomi tribes whose fellowship through the consortium helped him earn his own MBA, believes business schools must prepare future leaders to succeed in the world’s current diverse business climate because “someday soon everyone will be a minority. If you want to retain a workforce that is comprised of different ethnic groups, then you need to have management types that represent those groups.”