The Consortium Application: Benefits
From The Staff of MBA Admit.com
The Consortium Application: Benefits
The Consortium for Graduate Study in Management is an organization that promotes the equal representation of under-represented minorities including African Americans, Hispanics, and Native Americans by forming alliances with some of the U.S.’s top business schools. Through these alliances, the Consortium ensures that these under-represented students have greater representation in the business community.
The Consortium was first 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.
The list of graduate business programs that participate in the Consortium include:
• University of California, Berkeley, Haas School of Business
Candidates who support the organization’s mission of promoting diversity in education and business through their workplace and community involvement are invited to apply 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.
One Common Application
Consortium candidates can apply to a maximum of six member schools in one admissions year using one common application. The Consortium is extremely exclusive, allowing only top-tier business schools to join as members. Current members include 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. Most recently, Georgetown University's McDonough School of Business joined the Consortium in 2013. Students also save money because the Consortium only requires one official school transcript and GMAT score in order to apply all member schools. By streamlining the application process, Consortium candidates save both time and money.
Reduced Application Fees
The application fee is also significantly reduced compared to applying individually to each MBA program. For the 2014-2015 application cycle, candidates can apply to two schools for $150, three schools for $200, four schools for $240, five for $275, and six for $300. Applicants who apply to business schools individually can pay anywhere between $100 and $300 per application.
Consortium applicants may be awarded merit-based, partial or full-tuition fellowships to cover the cost of attending business school. You are first considered for a fellowship by your highest ranked school; if that school does not choose to award you, the option passes to your next highest ranked school to which you were admitted, and so on. Hence, fellowship decisions are ultimately made by the admissions and scholarship committees at each school. Since the Consortium first began, over $260 million have been awarded in fellowships.
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, Bank of America, Deloitte, Goldman Sachs, IBM, 3M, and Starbucks. These corporate sponsors will typically recruit participating students for mid- and senior level management positions upon graduation. Corporate recruiting and networking often takes place during the members-only Annual Orientation Program and Career Forum, and Consortium members often have exclusive access to the job postings of corporate sponsors. Finally, in addition to the corporate connections, members gain access to a network of 6,800 Consortium alumni.
Last year, we at MBAAdmit.com had the pleasure of helping several of our clients earn full scholarships to top MBA programs through the Consortium. If you think you are qualified to apply through the Consortium, consider exploring the program in greater detail at http://www.cgsm.org/.