Can the Consortium Help You Get Accepted and Fund Your MBA?

Our consultants receive a lot of questions from clients about applying to MBA programs through The Consortium for Graduate Study in Management. I’ve heard myths that suggest that applying to one (or more) of the 22 Consortium schools through The Consortium’s application is disadvantageous. But as the former director at two Consortium schools, I can assure you that nothing could be further from the truth — provided you meet The Consortium’s minimum qualifications.Though the requirements, participating schools, and corporate partners have changed over The Consortium’s 57-year history, not only is the organization the best deal in town but it also gives its members an alumni network that extends throughout the 22 member schools.The Consortium history and missionInitially, The Consortium provided opportunities for young African-American men to have a fair chance at rising up the corporate ladder via the MBA. Later, The Consortium added Hispanic Americans, Native Americans, and women to its mix. Membership came along with the fellowship.However, after the Supreme Court decided the Gratz v. Bollinger and Grutter v. Bollinger cases, The Consortium opened its doors to offer membership to selected applicants that further The Consortium’s mission to promote the “inclusion in global business education and leadership . . . of African Americans, Hispanic Americans and Native Americans.” Members do not need to belong to one of these groups but must demonstrate the mission through community and professional action and impact. Thus, membership is no longer race based but rather mission driven. Applicants must also demonstrate the ability to succeed in a Consortium member school’s MBA program.Consortium member benefitsLike the undergraduate Common App, candidates can apply to up to six schools with only one application for a fraction of the cost that the candidate would incur by applying to each school separately. The Consortium membership grants the candidate access to the orientation and corporate partners. Many members receive internship offers before the start of school.To summarize the benefits:Applicants can use a single application for up to six schools at one low cost.Members gain access to a vast alumni network of 22 schools, including mentorship from among the approximately 9,000 Consortium alumni (formal or informal).Students gain access to corporate sponsors at orientation if selected as a member.If selected as a fellow, students receive full tuition and a stipend.READ: The Consortium Application: Tips for Your CGSM Essays >>Consortium member schoolsConsortium Member SchoolAverage GMAT Score (Class of 2024)Average Undergraduate GPA(Class of 2024)Carnegie Mellon University, Tepper School of Business7023.33Columbia University, Columbia Business School7293.60Cornell University, Samuel Curtis Johnson Graduate School of Management7103.30Dartmouth College, Tuck School of Business7263.52Emory University, Goizueta Business School7003.38Georgetown University, McDonough School of Business6973.29Indiana University-Bloomington, Kelley School of Business6853.38New York University, Leonard N. Stern School of Business7333.62Indiana University-Bloomington, Kelley School of Business6853.38Northwestern Kellogg7293.7New York University, Leonard N. Stern School of Business7333.62Rice University, Jones Graduate School of Business7023.43Stanford University, Stanford Graduate School of Business7373.76The University of North Carolina at Chapel Hill, Kenan-Flagler Business School 7063.43The University of Texas at Austin, McCombs School of Business7063.48U

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