$4 Million Gift Stirs Hope of Increasing Number of Nonprofit Workers with an MBA

Source: Inside Philanthropy

It should come as no surprise that most graduates of top business schools go into private sector jobs right out of school, with fewer than five percent taking jobs at nonprofits. As Inside Philanthropy points out, “Just 9 percent of students from Yale School of Management’s 2011 class entered nonprofit jobs with an average salary of just below $80,000, compared to an average starting salary of $120,000 for consulting gigs.”

A recent $4 million gift to the University of Chicago Booth School of Business may help to change the job-scape of MBA graduates. This generous gift from the Neubauer Family Foundation will launch the new “Civic Scholars Program” to fund annual full-tuition scholarships to full-time workers in the nonprofit and government sectors to attend Booth’s Weekend MBA Program.

These scholars will be able to keep their current jobs while learning important skills and theories in the classroom to bring to their positions.

Read full story at: Inside Philanthropy