Chesterfield, Mo. — The Consortium for Graduate Study in Management, a national nonprofit organization focused on diversity, equity and inclusion in graduate business education and American business, is proud to announce the addition of the 21st university to its membership ranks: Columbia University’s Columbia Business School. The Consortium’s Board of Trustees approved the school’s membership on March 25, 2021, which will be effective beginning July 1, 2021.
Established in 1916, this top-ranking New York-based institution is one of the oldest business schools in the world and one of six Ivy League business schools. The Consortium works with top-ranked MBA programs around the country to increase the ranks of underrepresented minorities in business education and corporate leadership and looks forward to working with Columbia to further advance this mission.
“We are excited to welcome Columbia to our list of top-ranking member schools that are dedicated to advancing opportunities for underrepresented minorities in graduate business education and leadership,” said Consortium Executive Director & CEO Peter J. Aranda, III. “It is clear that Columbia Business School will be a passionate, dedicated and enthusiastic partner in furthering our mission. We look forward to working with Dean Costis Maglaras and his team.”
“Business schools like Columbia have a number of essential responsibilities when it comes to enhancing and improving diversity, equity and inclusion,” said Costis Maglaras, Dean of Columbia Business School. “We must endeavor to diversify our own communities with the goal of building a student body reflective of what we want to see in the business world. We must teach students to recognize the value that diversity adds to business. And we must enhance their abilities to lead in a more inclusive and equitable manner. All of these efforts will be strengthened considerably through our partnership with The Consortium, and we are extremely proud and humbled to be a part of their efforts.”
About The Consortium
The mission of The Consortium is to enhance diversity in business education and leadership by helping to reduce the serious underrepresentation of African Americans, Hispanic Americans and Native Americans in both our member schools’ enrollment and the ranks of management.
We will achieve this mission by recruiting for graduate business education qualified U.S. citizens and U.S. permanent residents who can demonstrate a commitment to The Consortium’s mission and can best assist The Consortium in pursuing this mission.
Since its inception in 1966, The Consortium for Graduate Study in Management has secured $510 million to advance its mission of promoting diversity and inclusion in American business. During Peter Aranda’s tenure, the organization has seen marked growth. The number of member schools has increased from 12 to 20. Revenue has more than tripled, up from $14 million to $47 million annually. The organization’s incoming classes have almost tripled in size, from 200 to nearly 600 students a year. And corporate sponsorships have grown as well. More than 90 Fortune 500 companies support the organization’s mission.
The Consortium’s member schools include 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; Rice University; University of Rochester; University of Southern California; The University of Texas at Austin; University of Virginia; University of Washington; Washington University in St. Louis; University of Wisconsin–Madison; and Yale University.
For additional information regarding The Consortium for Graduate Study in Management, visit cgsm.org or call (636) 681-5553.
About the researcher
Costis Maglaras is dean and the David and Lyn Silfen Professor of Business at Columbia Business School. He received his BS in Electrical Engineering...Read more.