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50 Years of History: The Consortium for Graduate Study in Management

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50 Years of History: The Consortium for Graduate Study in Management

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The Consortium is commemorating its 50th anniversary in 2016. Learn about the organization, the people who created it, the stories behind it and opportunities to cover this landmark moment in our nonprofit's life.

The Consortium is commemorating its 50th anniversary in 2016. Learn about the organization, the people who created it, the stories behind it and opportunities to cover this landmark moment in our nonprofit's life.

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50 Years of History: The Consortium for Graduate Study in Management

  1. 1. THE CONSORTIUM: 1966-2016 M E D I A K I T
  2. 2. 2 0 1 6 : A M I L E S T O N E A N N I V E R S A R Y Y E A R Driving diversity in MBA education and corporate leadership since 1966. Bringing 1,200 students, alumni and partners to St. Louis for our 50th annual Orientation Program & Career Forum. Celebrating throughout 2016 on social media: Looking ahead, looking back. 50 years STL #CGSM50
  3. 3. W H A T I S T H E C O N S O R T I U M ? STUDENTS The Consortium is a nonprofit alliance of top-tier MBA programs and corporate partners dedicated since 1966 to one mission…
  4. 4. T H E C O N S O R T I U M ’ S M I S S I O N “To enhance diversity in business education and leadership by reducing the serious underrepresentation of African Americans, Hispanic Americans and Native Americans in our member schools’ enrollment and the ranks of management.” “It was (in Chicago) I first conceived that our business schools might take a more active and constructive role in promoting equal opportunity employment in our country.” Founder Sterling Schoen, Washington University in St. Louis, writing in 1996
  5. 5. W H A T T H E C O N S O R T I U M D O E S Provides merit-based, full-tuition fellowships to MBA prospects attending member schools. Provides early access to corporate partners recruiting leaders for internships and jobs. Recruits MBA prospects, growing the pool of underrepresented minority candidates. Maintains a vast network of students, alumni, member schools & corporate partners.
  6. 6. R E S U L T S Among the top 50 MBA programs nationwide, enrollment by underrepresented minorities dropped 8 percent between 2003 and 2010. Fully half the minority MBA students matriculating at the top 50 full-time programs have been recruited through The Consortium. “We are the schools.” Some with us 50 years; some as recently as 2013. Committed corporate partners. We have partners that have been with us since the beginning, yet we add new ones every year. Bucking that trend, in MBA programs affiliated with The Consortium, minority enrollment was up nearly 30 percent.
  7. 7. C O N S O R T I U M T I M E L I N E 1963: Zero African American managers in Fortune 500. 1966: Schoen organizes “Feasibility Conference” at Washington University. 1966: Washington University, Indiana University and the University of Wisconsin join The Consortium. 1967: First class: 21 African American men attend WashU Orientation Program. 1968: The University of Rochester and the University of Southern California join The Consortium. 1970: Mission expands to include women, Hispanic Americans and Native Americans. 1980: Founder Sterling Schoen retires as program director. 1983-84: Consortium grows to include nine member schools. 1985: Peter Aranda becomes a Consortium fellow, attending Washington University. 1986: Consortium moves its offices off the Washington University campus. 1999: Sterling Schoen dies. 2003: Aranda becomes first alumnus to lead The Consortium. 2005: Eligibility for membership expands to anyone with a “demonstrated commitment” to the mission. 2013: Georgetown becomes the 18th member school in The Consortium. 2014: Combined fellowship support for MBA students exceeds $300 million.
  8. 8. T H E C O N S O R T I U M B Y T H E N U M B E R S $300 million in combined fellowship support since 1967. 8,500 alumni worldwide. 1,075 applications received in 2015. 800 students at member schools annually. 650: Average GMAT score. 86 cents per dollar spent on student services. 50 years of service. 27.4: Average age of new members. 18 member schools 1 mission
  9. 9. Peter J. Aranda III, CEO, Executive Director On the job since 2003, Peter was the first of the four Consortium leaders to be an alumnus of the organization. He’s modernized and streamlined the organization, bringing with him his background in consulting. W H O W E A R E : O U R L E A D E R S H I P T E A M Janice Wells-White, VP, Program Administration Since 2008, Janice has overseen recruiting, events, communications, database management and other day-to-day operations for The Consortium, with a background in higher education, private business, government, nonprofits, specializing in driving efficiency. Glenn Wilen, VP, Finance and Administration Glenn maintains the integrity of The Consortium’s financial records, supports other departments and manages HR. His comes with a financial planning background in consumer product and entertainment companies. Anthony J. Davis, VP, Development Responsible for managing corporate relationships and developing new partners, Anthony also applies his background in philanthropic giving to our individual giving campaigns and The Consortium’s alumni relations.
  10. 10. W H O W E A R E : O U R M E M B E R S C H O O L S University of California, Berkeley University of California, Los Angeles Carnegie Mellon University Cornell University Dartmouth College Emory University Georgetown University Indiana University- Bloomington University of Michigan- Ann Arbor New York University University of North Carolina at Chapel Hill University of Rochester University of Southern California The University of Texas at Austin University of Virginia Washington University in St. Louis University of Wisconsin- Madison Yale University
  11. 11. W H O W E A R E : 8 0 C O R P O R A T E P A R T N E R S “We were blown away by the knowledge, passion and commitment we see from The Consortium. We definitely feel as though our corporate partner relationship is in fact a partnership for mutual gain.” — Kirsten Gates, program manager, finance strategy & transformation “We have the benefit of utilizing The Consortium as an extension of our recruiting team. They make it easier for me to do my job.” — Patricia K. Hernandez, director, organization development “As a founding partner, our association with the Consortium has long-provided us with a source of exceptional talent. We believe in its mission.” — Scott Swayne, director, U.S. recruiting
  12. 12. W H A T ’ S N E X T ? O U R S I G N A T U R E E V E N T 50th annual Orientation Program & Career Forum • June 3-8. • Marriott St. Louis Grand, 800 Washington Ave. • 1,200 students, alumni, corporate partners and member school representatives. • 50th class photo with 400 students. • Workshops, networking, events.
  13. 13. W H A T ’ S N E X T ? S T O R Y A N G L E S More Growth Needed: Though The Consortium recruits fully half of the underrepresented minorities attending top-tier MBA schools annually, total minority enrollment has remained flat for years. Why? Profiles: An impressive array of alumni have come through The Consortium, many of whom have made a difference in corporate America and the diversity arena. Changes in MBA education: How has an MBA changed in the past 50 years? Is the investment worth it? Changing demographics: Caucasians will be the minority among the U.S. population by 2043; how are forward-thinking companies dealing with this shift? Profiling an institution: How The Consortium went from a class of 21 African American men in 1967 to more than 400 men and women annually today.
  14. 14. W H A T ’ S N E X T ? S O C I A L M E D I A Posts throughout the year on Facebook, Twitter, Instagram and LinkedIn
  15. 15. THE CONSORTIUM FOR GRADUATE STUDY IN MANAGEMENT ONLINE http://www.cgsm.org Facebook.com/cgsm.org Twitter.com/cgsm_mba Instagram.com/cgsm1966 CONTACT Kurt Greenbaum Communications Director greenbaumk@cgsm.org 636-681-5449 Janice Wells-White Vice President for Program Administration wells-whitej@cgsm.org 636-681-5451 C O N T A C T T H E C O N S O R T I U M 229 Chesterfield Business Parkway Chesterfield, MO, 63005

Editor's Notes

  • Good morning/afternoon/evening.

    Introduce the presenter.

    Format of the presentation:
    Brief overview of the need UPSTART is designed to address.
    A brief overview of The Consortium and why we’re positioned to address this.
    A deeper exploration of the issue that must be addressed
    How The Consortium’s UPSTART program would work.
    What we’re here to ask.
  • We’ve been around for a half-century, and we’ve grown and evolved, while maintaining our focus on our mission to increase the number of underrepresented minorities in business schools and corporations. We have demonstrated the ability to serve that mission and continue to grow our organization, with record student numbers recruited over the past two years and more than 8,000 alumni in our network.

    For all intents and purposes, we ARE the 18 member schools when it comes to diversity recruiting. We essentially serve as their arms and legs while we’re out seeking recruits for their programs. They trust us, and our relationships are strong. We don’t have any “former” member schools, and we’ve shown 50 years of success in the educational space.

    The same goes for our corporate partners, some of which have been with The Consortium since our beginning. We have many, many long-standing partners in this work, but we’re not stagnant. We continue to attract new partners in this work, some as recently as last year.

    Experience with the URM communities. Sensitive to challenges and needs in those communities.
  • Over our history, we have developed a large and tight-knit community of individual alumni, corporate partners and member schools that collaborate and work together to carry out our mission. This community is among our strongest assets. We could not carry out our mission without this community.

    Our member schools collaborate closely with us to recruit talented students into their programs. They work with us on programming to prepare those students for their MBA education.
    Our corporate partners underwrite that preparation work, which is largely focused on our annual Orientation Program and Career Forum. They help finance merit scholarships for Consortium fellows.
    Our alumni support us financially and through their volunteer work with students, at our Orientation Program and at the member schools.

  • The need, as we see it, and as borne out by numbers, affects students as they try to finish college, as they prepare for careers or as they plan for post-graduate educational opportunities.

    It affects those corporations that are committed to diversity because the pipeline for talented underrepresented minorities at the undergraduate level is nowhere near where it needs to be.

    Let’s dive a little more deeply into each of these areas.
  • Let’s talk a little about those capabilities and The Consortium’s success in putting our capabilities to work.

    Our work has had a clear effect on the number and proportion of minority students – or students with a demonstrated commitment to diversity – in the leading MBA programs around the country.

    While it is discouraging to see that the percentage of underrepresented minorities has actually fallen nationwide in MBA programs, our member schools have seen enrollment increase among that group of students.

    Looking nationally, about 8 percent of each year’s incoming class of 10,000 MBA students are minorities. The Consortium routinely now contributes more than 400 students a year to that pipeline – about half of all incoming minority MBA candidates.
  • Our work has paid dividends beyond the entering MBA classes.

    We have corporate partners that have come aboard with us since our earliest years. General Mills has been part of The Consortium family for 48 years and returns with us annually to provide support for scholarships, our annual Orientation Program and our corporate advisory board.

    Likewise, Emerson has been associated with The Consortium for 26 years and serves on our corporate advisory board.

    And we continue to recruit and attract new companies that want to associate themselves with our work, help us prepare new generations of students and reap the benefit of the talent that emerges. Hewlett-Packard has been a member for four years and also holds a seat on our corporate advisory board.

    Danaher Corporation just joined as a Consortium partner and was an active participant in our last Orientation Program. A member of Danaher’s team sits as the alumni representative on our Board of Trustees.
  • The Consortium for Graduate Study in Management has begun its 50th year in service to the mission you see before you here.

    Our roots were planted by a management professor at Washington University in St. Louis who noticed that none of the Fortune 500 companies at the time had a single African American in a management position.

    His work led to the creation of The Consortium, which steadily expanded its work and its reach throughout our half-century.

    We now work to increase the representation of African Americans, Hispanic Americans and Native Americans in MBA programs and corporate management, as well as individuals who share our commitment to these principles of diversity and inclusiveness.
  • The Consortium for Graduate Study in Management has begun its 50th year in service to the mission you see before you here.

    Our roots were planted by a management professor at Washington University in St. Louis who noticed that none of the Fortune 500 companies at the time had a single African American in a management position.

    His work led to the creation of The Consortium, which steadily expanded its work and its reach throughout our half-century.

    We now work to increase the representation of African Americans, Hispanic Americans and Native Americans in MBA programs and corporate management, as well as individuals who share our commitment to these principles of diversity and inclusiveness.
  • The Consortium for Graduate Study in Management has begun its 50th year in service to the mission you see before you here.

    Our roots were planted by a management professor at Washington University in St. Louis who noticed that none of the Fortune 500 companies at the time had a single African American in a management position.

    His work led to the creation of The Consortium, which steadily expanded its work and its reach throughout our half-century.

    We now work to increase the representation of African Americans, Hispanic Americans and Native Americans in MBA programs and corporate management, as well as individuals who share our commitment to these principles of diversity and inclusiveness.

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