The PhD Project Announces IMA's Support to Inspire a New Generation of Diverse Leaders

Lisa King
Media Impact

(Montvale, NJ) March 29, 2019—The PhD Project, an award-winning program to create a more diverse corporate America by diversifying business school faculty, today announced that IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, will join some of America’s largest and like-minded corporations, foundations, academic organizations and individuals as a co-sponsor of The PhD Project.

The PhD Project was created in 1994 to address the severe under-representation of African-Americans, Hispanic-Americans and Native Americans in management by diversifying the frontlines of the business school classroom. The PhD Project believes a diverse faculty encourages more minorities to pursue business degrees, thereby increasing the pool of minority applicants for positions in today’s multicultural corporate environment. The expansive network of supporters, sponsors and universities helps diverse individuals attain their business PhD and be in a position to mentor the next generation of leaders.

“IMA is proud and honored to be a sponsor of The PhD Project. The call to action is a more diverse pool of (PhD) academic influencers in business schools, who in term inspire a more diverse group of students and ultimately, business professionals who make a difference in society. IMA will do its part, and then some, to expand this pool with our full set of benefits including the CMA scholarship program. Additionally, we hope to attract a more diverse pool of future IMA volunteer leaders through this collaborative partnership,” said Jeff Thomson, CMA, CSCA, CAE, President and CEO at IMA.

“IMA’s support speaks volumes about its understanding of our mission: diverse business school faculty attracts a diverse student body to study business. This, in turn, enables employers to improve the diversity in their workplace and all students to be better prepared to function in our diverse society,” said Bernard J. Milano, President of The PhD Project and the KPMG Foundation, the founder and lead sponsor of the program. “IMA’s support of The Project will help carry on our momentum, which has more than quintupled the number of minority business professors over the past 24 years. We receive great support from the Accounting profession with KPMG Foundation, Dixon Hughes Goodman, AICPA, American Accounting Association, NASBA and now IMA as Sponsors.”

About The PhD Project
The PhD Project, which was founded by the KPMG Foundation in 1994 and became a separate 501(c)(3) in 2005, recruits minority professionals from business into doctoral programs in all business disciplines. Since its inception, The PhD Project has been responsible for the increase in the number of minorities earning a business Ph.D. from 294 to 1,493. Further, 270 minorities are currently enrolled in doctoral programs, and will take a place at the front of the classroom over the next few years. The Project attacks the root cause of minority under-representation in corporate jobs: historically, very few minority college students study business as an entrée to a corporate career. Diversifying the faculty attracts more minorities to study business and better prepares all students to function in a diverse workforce.

Along with the IMA® The PhD Project has received ongoing support from its sponsoring companies, participating universities, individuals and organizations. The founding organizations in addition to the KPMG Foundation, are the Graduate Management Admission Council and AACSB International. Other financial sponsors of The Project include: AICPA Foundation, DiversityInc, Dixon Hughes Goodman LLP, American Marketing Association, Rockwell Collins, John Deere Foundation, California State University System, Lincoln Financial Group, Academy of Management, American Accounting Association, City University of New York System, Aerotek, NASBA, Thrivent Financial, American Express Foundation, Fidelity Investments, Bentley University, LinkedIn, Annette L. Nazareth and Roger W. Ferguson, Jr., New York Life and over 300 Participating Universities.

For more information on The PhD Project, visit: or contact Lisa King at 646-234-5080 or Visit us on Facebook at; Follow us on Twitter at

About IMA® (Institute of Management Accountants)
IMA®, named the 2017 and 2018 Professional Body of the Year by The Accountant/International Accounting Bulletin, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking and advocacy of the highest ethical business practices. IMA has a global network of more than 100,000 members in 140 countries and 300 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/India.

For more information about IMA, please visit or contact Giuseppe Barone at (201)-474-1681 or