Business schools are supporting the LGBTQ+ community more than ever before. According to the Graduate Management Admission Council (GMAC)’s 2022 application trends survey, 47 percent of full-time MBA programs in the U.S. conducted special recruitment outreach to the LGBTQ+ community. This is up from 31 percent in the same survey in 2019.
Last year, GMAC announced the GMAT™ Talent and Opportunity Scholarship. This scholarship is aimed at financially supporting individuals from underrepresented communities, including those from the LGBTQ+ community, who want to attend business school. This scholarship is just one of the many new initiatives GMAC has introduced to support LGBTQ+ students.
GMAC CEO, Joy Jones says: “It’s absolutely essential that these initiatives exist and that business schools and companies become more representative of society at large to promote the benefits of diversity and the power of inclusive environments.”
While there is still work to be done to target discrimination and prejudice faced by the LGBTQ+ community, many business schools around the world are joining efforts to recruit and support LGBTQ+ candidates and students.
As part of Pride month, here are 9 LGBTQ+ initiatives from business schools and their partners around the world.
The International Masters Program for Managers (IMPM) is an Executive Diploma in Global Management from five top international universities, including Canada’s McGill University’s Desautels Faculty of Management.
IMPM has recently launched a scholarship for leaders of the LGBTQ community. The institution prides itself in having a very diverse cohort of senior executives from many countries and backgrounds, which is why this scholarship is open to applicants anywhere in the world.
The scholarship provides up to $10,000 USD towards IMPM tuition for LGBTQ leaders, whether they are leaders in their community, or leaders in their organizations.
“Business has a lot of power in most countries, and therefore has an important role to play in influencing culture and governments to fully accept LGBTQ+ individuals,” said Ron Duerkson, the Global Executive Director of IMPM.