The University of Chicago Graduate School of Business has been named the outstanding educational institution of 2005 by the National Black MBA Association.
The award recognizes Chicago GSB for its successful efforts encouraging African Americans to enter the field of business, according to an announcement by the association. The award was presented October 14 at the group’s annual conference in San Diego.
In 1964, Chicago GSB created the first scholarship program for minorities attending business school and students at the school founded the first national organization of African American business students, the National Black MBA Association, in 1972.
Today Chicago GSB continues as an innovator in helping minority students. It is the only top-tier business school with an office of diversity affairs that supports admissions recruiting, and provides individual academic support and career services programming for African Americans, Hispanic Americans and other minorities, the school said.
“We are delighted to be recognized for our efforts at educating the next generation of African American business leaders,” said Edward A. Snyder, dean of Chicago GSB and the George Pratt Shultz Professor of Economics.
“Getting to the best approach in any business setting requires that you leverage the full range of knowledge, experience, and insight,” Snyder stated. “So at Chicago, diversity enriches both our community and our core mission. We know that each voice should be heard.”
In addition to support from the school, the student-led African American MBA Association provides interaction between students of African descent, corporations, the City of Chicago and the school community. Chicago GSB also has a Hispanic American Business Students Association offering similar programs.
The University of Chicago Graduate School of Business is one of the oldest and largest business schools in the world. It offers full-time and part-time M.B.A. programs, a Ph.D. program, open enrollment executive education and custom corporate education. The school has campuses in London and Singapore in addition to two campuses in Chicago.
Included among the school’s successful minority alumni Arnold Donald, chairman of Merisant Corp., Basil Anderson, vice chairman of Staples, and Arthur Velasquez, chairman, president and chief executive of Azteca Foods.