Taking a Systemic Approach

By Milano, Bernard J. | Journal of Accountancy, May 2008 | Go to article overview

Taking a Systemic Approach


Milano, Bernard J., Journal of Accountancy


For the better part of two decades ending in the late 1990s, I was responsible for university recruiting at KPMG LLP. While we worked to increase diversity in the firm, it was frustrating because so few people of color were studying business and, therefore, there was little diversity among the candidates applying for positions within the firm. Specifically, very few were majoring in accounting and studying auditing and tax.

Determined to change that, the KPMG Foundation in the 1990s started three programs--The PhD Project, a minority accounting doctoral scholarship program, and grants for Historically Black Colleges and Universities (HBCUs) that seek accreditation from the Association to Advance Collegiate Schools of Business (AACSB).

The PhD Project began when in 1993, the KPMG Foundation, the program's creator and lead sponsor, convened academics and corporate representatives who shared our concern and frustration about diversity in America's business management ranks. We initiated a systemic and fundamental program to correct a major problem: U.S. business school faculties consisted of less than 1.5% minorities. With no faculty of color in the front of the classroom, how were colleges and universities going to attract minorities to study business disciplines?

The founders of The PhD Project believed that the source of talent for the accounting profession was the nation's business schools. If business schools couldn't produce a diverse set of graduates, we could not have diversity in our firms and, therefore, we could not have diversity in our profession. Something needed to be done. There were no role models, and there was an absence of natural and approachable mentors.

CONNECTING WITH CANDIDATES

The nonprofit PhD Project Association, with the backing of sponsors including the AICPA (see a full list of sponsors at www.phdproject.org), uses a three-pronged approach to increase the population of minority business professors. We begin with a marketing campaign to identify the best potential Ph.D. candidates of color already at work in successful careers. Qualified candidates then attend a two-day conference in November where they hear from deans, professors and minority doctoral students about the benefits of pursuing a business Ph.D.

The third component of the program is a network of minority doctoral student associations formed to combat the high attrition rate (25%) inherent among all business doctoral students. The associations provide networking, peer support, mentoring and joint research opportunities for minority doctoral students in each of five disciplines--accounting, finance, management, marketing and information systems. Our retention rate of students who are members of these associations exceeds 90%.

ADDRESSING ACCREDITATION, TUITION COSTS

The KPMG Foundation launched the HBCU accreditation grant program along with The PhD Project because 35% of African Americans earning degrees in business did so at HBCU institutions. Without accredited HBCUs, the pipeline of talented minority business school graduates would suffer. Accreditation requires attention to continuous improvement, thereby improving the preparation of those entering our profession. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Taking a Systemic Approach
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.