User:Mhalprin/MLT

This is an old draft; it needs updated data, inline citations for key facts, and less promotional language. Compare for instance Better Business Bureau.

Management Leadership for Tomorrow also known as MLT is a national nonprofit that develops African American, Hispanic and Native American young people for leadership positions in corporations, nonprofits, and entrepreneurial ventures where these minority groups are dramatically under-represented. In partnership with the top MBA programs and several blue-chip corporations (including McKinsey & Company, Goldman Sachs, PepsiCo and Citigroup), MLT delivers programming at the critical career transition points: high school to college, college to early career, early career to MBA, and MBA to executive leadership.

MLT equips high-potential minority talent with the hard and soft skills they need to succeed in corporations, nonprofits, and entrepreneurial ventures. With over 500 MBA Prep alumni and 300 Career Prep alumni, MLT is creating a generation of high-impact business and community leaders that will have the skills, relationships, capital, and commitment needed to make a difference in their communities.

History
Despite representing 28% of the U.S. population, minorities comprise only 16% of graduates from the top 100 colleges, 8% of all students at the 30 top MBA programs (versus 12%-13% at top law and medical schools) and only 3% of those in senior management positions, according to a joint study by MLT and the Boston Consulting Group (2001). MLT envisions a world where all motivated minorities have the opportunity to realize their full career potential. Their mission is to increase the presence of minorities in fast track entry-level jobs and major graduate business schools as preparation for leadership positions in corporations, non-profit organizations and entrepreneurial ventures. The organization was founded by John Rice in 1994.

Programs
As of 2002, MLT launched a MBA Prep program. From MLT's MBA Prep program, 55% of applicants to top MBA programs in 2005 were accepted compared to the 18% for all applicants. In addition, over 90% of MLT students were accepted into one of their top three business schools. Furthermore, MLT students scored an 600 out of 800 on the Graduate Management Admissions Test (GMAT), whereas only 30% of all persons taking the GMAT score this high.

Today, MLT is the number-one source of minority students for the nation’s top ten MBA programs. For example, 40% of the minority students in the Harvard Business School and The Wharton School are alumni of MLT’s MBA Preparation Program. At the undergraduate level, over 90% of MLT’s Career Preparation fellows secure internships at the company of their choice and over 95% secure full-time job offers upon graduation.

MBA Prep
The MLT MBA Preparation Program's mission is to prepare minority young professionals for successful application to leading MBA programs by focusing on individual work-plan development and execution. The 12-month program offers monthly 1-on-1 business school readiness coaching and 4 weekend leadership seminars to prepare fellows for the rigorous business school application process via skill development workshops, exposure to a wide range of business schools, and door opening relationships.

Program Results: * 90+% of MBAP Fellows get into one of their top three business school choices, making MLT the #1 source of minority students in the nation's top ten business schools * over 450 fellows have graduated from the MBA Prep Program and are currently attending or have graduated from business school * Currently 132 MBAP Alumni are attending top 25 business schools * MBAP Fellows have an average GMAT score of 638 (class of 2006) * 75% say MLT has been a life changing experience * 86% of Fellows say that they built life-long relationships through MLT * 95% of Fellows say that MLT can become their most important professional affiliation for their career development * 75% say that they would not have gotten into the school they did without MLT

Career Prep
The MLT Career Preparation Program's mission is to prepare high-achieving minority college juniors and seniors for success in the leading entry-level business-related jobs. The program involves monthly 1-on-1 career coaching and 4 weekend leadership seminars to equip fellows with the business skills they need to succeed in an internship after their junior year and beyond.

Program Results: * 92% of CP Fellows secure summer internships at top companies * 98% of CP Alumni get full-time offers from top companies * over 300 Fellows have graduated from the Career Prep Program * Currently, 170 Fellows from over 50+ schools are part of the Career Prep Program

Press Coverage

 * NY1: Organization Helps Minorities Achieve Goals In Business World June 18, 2007


 * National Public Radio (NPR): The Persistent Lack of Diversity in Executive America May 30, 2007


 * Fortune: The race to bring more diversity to business November 21 2006


 * BusinessWeek Online: A B-School Boot Camp for Minorities June 14, 2006


 * KARE11: Kevin Garnett giving teens a chance to connect to promising futures
 * Financial Times: Giving Minority Applicants a Helping Hand MANAGEMENT LEADERSHIP FOR TOMORROW
 * WSJ CollegeJournal: An Innovative Program Diversifies M.B.A. Ranks
 * WSJ CollegeJournal: Top Programs Compete For Minority Candidates
 * Yale SOM: Management Leadership For Tomorrow and Yale School of Management Launch MBA Preparation Program for Aspiring Minority Applicants
 * Hispanic Business.com: Credit Suisse First Boston & Management Leadership for Tomorrow Host Kickoff Event to Prepare Minority College Students for Business Careers
 * IMDiversity.com: The MBA: An Opportunity for Change

Category:Non-profit organizations based in the United States Category:Business schools Category:Business_organizations