June 21, 1999
Texas Business School Rises Again in National Rankings
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Texas earns best rating of top business schools, but national stats are "gloomy"
AUSTIN, TX. -- In a survey ranking the number of tenured minority faculty at top business schools, Business Week cited Texas as the #1 institution in the country. With a 6.0% level of tenured minority faculty, Texas outperformed a rather dismal field, which included ten top schools that have 0% tenured minority faculty.
Business Week compared levels of underrepresented minorities -- "African-Americans, Hispanic Americans, and Native Americans but not including Asian Americans." According to the magazine, among all top 25 business schools, "Underrepresented minorities make up just 3.2% of all faculty members -- including adjuncts and non-PhDs -- and a paltry 2.0% of tenured faculty."
With eleven minority faculty and five tenured minorities, Texas led the field of top 25 business schools. The survey appeared in the Business Week Online edition of June 21, 1999, along with an article profiling the challenges of attracting and retaining minority PhDs in business.
The article cited the PhD Project for its efforts to promote diversity in the workplace. Sponsored by over seven million dollars from national corporations, the PhD Project advocates for greater levels of minority business school enrollment. Improving the number of minority business faculty is a crucial first step in this overall process. Ultimately, greater b-school enrollment serves the Project's goal of helping diversify corporate America.
On the whole, Business Week seemed to find top 25 business school behind the curve in efforts to increase corporate diversity. Surveying minority participants in the PhD Project, 74% of them told the publication that "B-schools didn't meet the concerns of minority students." Respondents included UT assistant professor Michael B. Clement, who was jokingly described as "Dr. Gloom" for his straightforward assessments of the challenges faced by himself and other minority business scholars.
Despite the grim situation nationally, Texas can take pride in its favorable ranking comparable to other schools. UT has among the highest absolute numbers of minority faculty and tenured minority faculty, and on a percentage basis of the faculty as a whole, UT's only close competitor is Harvard. See the Business Week tables for further details:
For information on specific programs at the McCombs School, consult our contacts page. For media information, contact the Communications Director by phone at 512-471-3314 or by email at CommunicationsDirector@mccombs.utexas.edu.
