Close this search box.

The Consortium For Graduate Study Announces Addition of Chicago Booth School of Business as New Member School

Janice Wells-White, Ed.D.



Chesterfield, Mo. (June 11, 2024) — 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 25th university to its membership ranks: The University of Chicago Booth School of Business. The Consortium’s Board of Trustees approved the school’s membership on April 26, 2024, which will be effective beginning July 1, 2024.

The Consortium works with top-ranked MBA programs around the country to increase the number of underrepresented minorities in business education and corporate leadership, and the organization welcomes the opportunity to build upon Chicago Booth’s commitment to diversity and inclusion to further advance this mission.

Since its founding in 1898, Chicago Booth has been producing the next generation of business leaders, breaking diversity and inclusion barriers along the way. In 1964, Booth became the first business school to establish a minority scholarship program, and by 1985, it had become the first business school to establish an office dedicated to supporting underrepresented student populations. It was also at Booth that, in 1970, MBA students founded the National Black MBA Association (NBMBAA). Through research, initiatives, resources, partnerships and its Diversity and Inclusion Action Plan, Booth — led by Dean Madhav V. Rajan — has continued to make diversity and inclusion a top priority. Through its membership in The Consortium, Booth is further demonstrating its commitment to this important work. The school will begin recruiting its first Consortium class in August of 2024.

“We are thrilled to welcome The University of Chicago Booth School of Business as our 25th member school, as it carries on its historic legacy of inclusion,” said Consortium Executive Director & CEO Peter J. Aranda, III. “Dean Rajan and his team understand the importance of diversity to fostering robust inquiry and to addressing some of today’s most complex business challenges. We look forward to joining forces to help them have even greater impact while advancing The Consortium’s mission to ensure equal opportunity in graduate management education and American business.”

“As a member school, Booth hopes to enhance our efforts to increase the diversity of our student
body and support the aspirations of our students so they can become successful leaders in business and government,” Rajan said. “We look forward to partnering with The Consortium and fellow member schools to support our shared mission.”

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 more than $600 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 25. Revenue has quadrupled, up from $14 million to $56 million annually. The organization’s incoming classes have more than tripled in size, from 200 to over 700 students a year. Corporate sponsorships have grown as well, with more than 100 Fortune 500 companies supporting the organization’s mission.

The Consortium’s member schools include University of California, Berkeley; University of California, Los Angeles; Carnegie Mellon University; Columbia University; Cornell University; Dartmouth College; Duke University; Emory University; Georgetown University; Indiana University–Bloomington; University of Michigan–Ann Arbor; New York University; Northwestern University; University of North Carolina at Chapel Hill; Rice University; University of Rochester; Stanford University; 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 or call (636) 681-5553.

More Blogs