The Consortium MBA Application: Benefits

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The Consortium MBA Application: Benefits

The Consortium for Graduate Study in Management is an organization that has formed alliances with many of the best U.S. business schools and major corporations. The list of graduate business programs that participate in the Consortium include:

• University of California, Berkeley, Haas School of Business
• University of California, Los Angeles, UCLA Anderson School of Management
• Carnegie Mellon University, Tepper School of Business
• Cornell University, Samuel Curtis Johnson Graduate School of Management
• Dartmouth College, Tuck School of Business
• Emory University, Goizueta Business School
• Indiana University-Bloomington, Kelley School of Business
• University of Michigan-Ann Arbor, Stephen M. Ross School of Business
• New York University, Leonard N. Stern School of Business
• University of North Carolina at Chapel Hill, Kenan-Flagler Business School
• University of Rochester, Simon Graduate School of Business
• University of Southern California, Marshall School of Business
• The University of Texas at Austin, McCombs School of Business
• University of Virginia, Darden School of Business
• Washington University in St. Louis, Olin Business School
• University of Wisconsin-Madison, Wisconsin School of Business
• Yale University, Yale School of Management

The Consortium aims to improve education and workplace diversity in American communities. Specifically, the Consortium seeks to improve the representation of African-Americans, Hispanic-Americans, and Native Americans in graduate business programs and within the ranks of management. Candidates who support the organization’s mission through their personal, professional and community involvement are invited for membership. Applicants of all races and ethnicities who demonstrate a commitment to the Consortium’s mission can apply if they have U.S. citizenship or permanent residency.

Applying to business schools through the Consortium has a number of benefits.

One Common Application

Students can apply to six member schools in one admissions year using one common application. Many of the participating school are among the best graduate business programs in the United States, including Cornell, Carnegie Mellon, UCLA, NYU and Yale. In 2010, after a seven year absence, the Haas School of Business at the University of California, Berkeley, rejoined the Consortium. Students also save money because the Consortium only requires one official school transcript and GMAT score for all member schools.

Reduced Application Fees

The application fee is also significantly reduced compared to applying individually to each MBA program. Last year, under a tiered fee structure, candidates could apply to two schools for $150, three schools for $200, four schools for $240, five for $275, and six for $300.

Financial Assistance

Consortium applicants may be awarded merit-based, partial or full-tuition fellowships to cover the cost of attending business school. Last year, 350 fellowships were awarded to qualifying candidates, 330 of which covered tuition and mandatory fees for two years. Candidates can qualify for additional merit-based fellowships and financial aid from member schools.

Membership and Access to Excellent Employers

Consortium members gain access to more than 70 corporate partners who are leading global businesses, including Johnson and Johnson, Target, Deloitte, Goldman Sachs, IBM, Genentech, and Starbucks. These corporate sponsors will typically recruit participating students for mid- and senior level management positions upon graduation. In addition, candidates attend a members-only Annual Orientation Program and Career Forum that equips students with tools to enable their academic and professional success. Finally, in addition to the graduate school network, members gain access to a collegial group of 6,000 Consortium alumni.

The Consortium was formed through the vision of Professor Sterling Schoen of Washington University in St. Louis. Established in 1966, two years after the landmark Civil Rights Act, the founding mission was to establish a program to help African-Americans earn MBAs and become senior executives in American businesses.

Over the years, it has been a pleasure watching some of our candidates win full scholarships to top business schools through the Consortium. If you think you are qualified to apply through the Consortium, consider exploring the program in greater detail. The official website for the Consortium is: http://www.cgsm.org/.

Best wishes,
Dr. Shel (Shelly Watts)
President, MBAAdmit.com
www.mbaadmit.com

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