As a result of the growing number of people enrolling in advanced degree programs, some organizations that promote ethnic equality have launched scholarship opportunities. By creating these programs, associations hope to encourage more minority students to pursue higher education.
In an effort to continue its support of academic opportunities for African American, Hispanic American and Native American people, the KPMG Foundation has awarded $470,000 in scholarships to minority students enrolled in accounting doctoral programs. Of the 47 recipients, a total of 12 individuals are new honorees.
Each winner has been awarded $10,000 to be used during the 2010-2011 academic year, and all scholarships are renewable for up to five years.
Bernie Milano, president of the foundation, stated that "we are pleased to provide financial support, career guidance and other resources to each of these talented men and women." He added that "it has been a pleasure to see the impact the recipients of these scholarships have had on improving diversity in business schools and we look forward to the accomplishments of these 47 individuals."
In 2008, accountants and auditors earned annual salaries ranging from $36,720 to $102,308, according to the U.S. Bureau of Labor Statistics.
