Providing peer support to future business professors.
GMAC is a founding partner and sponsor of this award-winning program aimed at increasing faculty diversity at the world’s leading business schools.
As a founding sponsor of The PhD Project, GMAC can proudly boast of being instrumental in growing the number of historically underrepresented business professors in the U.S. from 294 in 1994 to over 1,700 today. Recognizing the power of representation, The PhD Projects aims to increase the number of Black/ African American, Latinx/Hispanic American, and Native American/Canadian Indigenous in front of the classroom to increase the success rate of these racial groups in the classroom and as business leaders in the workplace.
GMAC has invested over $5 million in the Project’s efforts to support students of color in realizing their dream of earning a doctoral degree.
Goals of the PhD Project
- Inform and educate minorities about all aspects of a business doctoral program, and encourage them to follow their dreams of becoming a professor
- Provide a nurturing support network for minorities as they navigate their doctoral program
- Increase the number of minority business professors who can function as role models and mentors
- Influence more minorities to pursue business degrees and careers
- Increase the number of minority applicants to fill critical positions in the business disciplines
- Improve the preparation of all students by allowing them to experience the richness of learning from a faculty with diverse backgrounds
- Reach the goal of a better prepared and more diversified workforce to service a diversified customer base