Business degrees offer an education that is easily transferable to many fields and circumstances. Many business schools come highly recommended, but the following schools on this ranking offer additional focused resources and support for people of color. When considering what would make one of the best business school for people of color, we factored in the number of students who identify as people of color, whether people of color are represented as faculty and leaders within the campus communities, and clubs, organizations, resources, or initiatives that support diversity and people of color as they work towards achieving their academic and personal goals.
Best Business Schools for People of Color
There are many reputable business schools available, but it can be overwhelming to find a school that meets your unique needs. According to the National Center for Education Statistics, the percentage of those enrolled in college has drastically increased since 2000. In fact, from 2000 to 2016, enrollment rates increased for Black Americans from 31% to 36% and for Hispanic Americans from 22% to 39%. Young adults who identified as two or more races had a 49% enrollment. The schools included in our Best Business Schools for People of Color ranking are rising to meet this increase in diversity and create a space for support and growth within communities from all backgrounds.
The College Consensus 2021 ranking of the Best Business Schools for People of Color lists the top business schools intentionally investing in leadership in underrepresented communities. All the business schools in this ranking are AACSB accredited and are listed among leading ranking systems: Bloomberg Businessweek, The Financial Times, The Economist, U.S. News and World Report, and Forbes. Among these top business schools, we identified the ones with the highest percentage of people of color: Black, Hispanic, American Indian, Asian, Pacific Islander, and two or more races. This data informed our ranking order. Finally, each business school was required to have POC representation in leadership.
The School of Business at South Carolina State University carries AACSB accreditation. SCSU is a historically black university that was established in 1896. They are a member of the Thurgood Marshall College Fund, accredited by the SACS, and the only historically black land-grant institution in the state of South Carolina. There are three Bachelor’s of Science degrees available through the Department of Accounting, Agribusiness, & Economics. A Master’s of Business Administration can also be earned in General MBA, Agribusiness, Entrepreneurship, or Healthcare Management. The Business programs at SCSU offer a supportive environment to people of all backgrounds. There are many ways for business students to get involved with peers, including business-specific organizations like Beta Gamma Sigma, Beta Alpha Si, National Association of Black Accountants, or The Society for Human Resource Management. The School of Business’ student body is comprised 100% of people of color.
Clark Atlanta University’s School of Business Administration has a student body that is 95.9% comprised of people of color. The SoBA has held accreditation with the AACSB since 1974. This long-standing recognition is a symbol of the School’s commitment to delivering the highest level of business education to its students. They are also a part of the National Black MBA Association and have one of the largest groups of African American business students in the country, with representation from more than 40 states and 30 countries. The CAU Master’s of Business Administration program is well recognized. Participants can choose to specialize in Entrepreneurship Management, Marketing, Finance, Sports & Entertainment Management, or Supply Chain Management. CAU is a private, methodist, historically black research university. The campus is located on 126 acres in Atlanta, Georgia. Founded in 1865, Clark Atlanta University was the first historically black university in the south.
Prairie View A&M University was started back in 1876. Their College of Business carries AACSB accreditation, placing it among the top 5% of business schools in the world. PVAMU is the second oldest university in the state and is one of only two Texan land-grant universities. It is a public, historically black university, and 91.6% of their business students identify as people of color. Prairie View A&M is a member of the prestigious Texas A&M University System, as well as a member of the Thurgood Marshall College Fund. Their focus on functional business carries throughout all areas of the learning process. Undergraduate students can earn a BBA in Accounting, Finance, MIS, Management, or Marketing. At the graduate level, options are available as a Master’s of Science in Accounting or MBA. The MBA offers several convenient formats to fit a variety of needs. Clubs, organizations, honors societies, and special interest groups all give students opportunities to connect outside of the classroom.
The Howard School of Business has over 11,000 alumni, many of whom are people of color. Within the School of Business, students will also find much diversity among leadership and staff, helping them to feel supported in their journey every step of the way. There are several AACSB accredited degree options in areas like finance, international business, marketing, supply chain management, or computer information systems. The Howard MBA is well-recognized and offers a three-to-one student-to-faculty ratio, flexible program options, scholarships & graduate assistantship programs, and international travel opportunities. Howard University is a federally chartered, historically black research university that has been supporting people of color in their educational endeavors for more than 150 years. Howard is located in Washington, DC, and is regionally accredited by the Middle States Commission on Higher Education. Each semester the University serves around 9,000 students on their 300-acre campus.
The Willie A. Deese College of Business and Economics at NC A&T holds esteemed AACSB accreditation and strives to be a “national leader in global business education that transforms students’ lives.” There are many well-rounded degree options available through the College, including but not limited to a Bachelor’s of Science in Accounting, Economics, Management, Finance, or Marketing. A Master’s of Business Administration can also be completed with concentrations in General Business, Accounting, Human Resource Management, and Supply Chain Systems. North Carolina A&T State is a land grant research university and was the first establishment for people of color in the state of North Carolina. Located in Greensboro, North Carolina, they serve over 12,000 students each semester. This enrollment has earned the University recognition as the largest historically black university in the nation since 2014. Of their student body, 90% identify as people of color. The staff, professors, and leadership teams are also from a variety of ethnic and professional backgrounds.
More than 85% of the business students at California State University, East Bay, identity as people of color. The College of Business and Economics has been AACSB accredited for more than 40 years and offers degrees through the departments of Accounting & Finance, Economics, Management, and Marketing. CSU East Bay’s One Year Master’s of Business Administration program was recently ranked at #3 for return on investment in the United States. California State University, East Bay is a public university and a part of the greater California State system. The University’s main campus stretches 200 acres in Hayward, California. The College of Business and Economics was started in 1957 and serves students from the main campus, as well as online programs, satellite campuses, a local conference center, and more. The CBE’s business program’s affordable price point makes it accessible for individuals from a variety of socioeconomic and cultural backgrounds. Supporting students of all cultures is important to the University. A few of the cultural student organizations on campus include the Black Student Union, Black Graduation Celebration Committee, and Sistas of Success.
The Shidler College of Business is AACSB accredited and offers a truly international focus with particular expertise in the Asia-Pacific region. The student body of the University and College of Business is made up of many ethnicities and cultures from around the world, with a large portion from Pacific Rim nations. The faculty is diverse as well, with a strong knowledge of Asia-Pacific culture and economies. The College supports local businesses and the economy in a variety of ways, including several unique institutes and centers designed to serve the local region through comprehensive programs, research, and services. The University of Hawaii at Manoa is the flagship campus of the University of Hawaii system. UH Manoa holds the prestigious classification as an R1: Doctoral Research University with very high research activity. The University holds regional accreditation from the WASC, is a land-grant university, and participates in sun-grant, space-grant, and sea-grant research consortia. They are one of only four universities in the nation with this distinction.
The business programs offered through the College of Business at UTSA were recently rated within the Top 5 Undergraduate Business Programs in Texas by Businessweek. Within the business school, 72% of students identify as from a minority background, and 53% are of Hispanic heritage. Student organizations are an indispensable part of the culture of the campus and the business school. A few of the organizations within the College of Business include the Association of Latino Professionals For America, Prospanica Student Chapter, and the Global Business Club. The University educates nearly 35,000 students each semester, and eighty-five percent of business students on campus are people of color. Its location in San Antonio, Texas, lends itself to a unique blending of cultures and diversity. UTSA is the largest university in the city and is within the top ten largest universities in the state. Three campuses are spread across the city to cover more than 700 acres.
The Jesse H. Jones School of Business was established in 1955. The School has been named among the Best 300 Business Schools in the nation by the Princeton Review and has earned elite business accreditation through the AACSB. Texas Southern University is one of the biggest historically black universities in the United States. Each semester they enroll more than 10,000 students and offer over 100 comprehensive academic programs. The University holds regional accreditation through the SACSCC and is a member of the prestigious Thurgood Marshall College Fund. Because of the business school’s location in Houston, Texas, the fourth largest city in the country, the students benefit from the many connections, internships, and networking opportunities that are just a short drive away. The Office of Diversity, Equity, and Inclusion strives to engage, empower, and educated students from all backgrounds. The Center creates programs, trainings, mentoring opportunities, as well as advocacy and outreach efforts that work towards solving issues related to inclusion, equity, diversity, and social justice.
The AACSB accredited College of Business Administration at UTEP works to support students through innovation, engagement, and the teaching of ethical business practices with a goal of positively impacting the Paso del Norte region and more. The College’s unique location is utilized to give many experiential learning opportunities that embrace culture and diversity. Leadership plays a large role in campus culture. There are several organizations on campus that help students build their leadership skills, such as the UTEP Edge Student Leadership Series, LEAD Workshops, Orange eXchange, Powerful Pages, Leadership Week, and more. UTEP is a proud member of the University of Texas system. The University of Texas at El Paso is a public research university and the second-largest university in the nation to have a student body comprised of a Mexican American majority at around 80%. The University holds regional accreditation and is classified as an R1: Doctoral University with very high research activity.
The Stetson School of Business and Economics is widely recognized for its excellence. Their prestigious AACSB accreditation places them in alignment with the top 5% of business schools in the world. More than 65% of Stetson students identify as people of color. Mercer University was founded in 1833 and is Georgia’s oldest private university. Over the years, it has grown each semester to enroll around 9,000 students. U.S. News has recognized Mercer University within the top two private universities in the state for nearly 25 years. Along with academic goals, Mercer business students are also encouraged to work effectively, identify ethical implications of decision making & ethical dilemmas, apply business theory to real-world scenarios, value community service, and more. The Office of Diversity and Inclusion at Mercer works diligently to create a “culture of acceptance, equity, justice, and access” for all students. Trainings are held on relevant topics like microaggressions, bias, diversity, and inclusive leadership.
The A.R. Sanchez, Jr. School of Business carries esteemed AACSB accreditation and offers a variety of degrees at the undergraduate and graduate levels. More than 60% of TAMIU business students are people of color. In fact, the University’s student body represents over 40 countries from across the globe. Texas A&M International University is an extension of the Texas A&M system located in Laredo, Texas. Each semester they serve over 7,000 students on their 300-acre campus. The University is often recognized as being one of the best colleges for Hispanic students, and U.S. News lists them as offering one of the Top 350 Best Undergraduate Programs. A focus on global awareness is facilitated in many ways. A few examples are the Reading the Globe program, international leadership series, Holi Festival of Colors, International Education Week, and the International Student Mentor Program.
Morgan State is a public, historically black university with a history of educating students in Baltimore for more than 150 years. MSU is the largest historically black university in Maryland, with an average student enrollment of around 7,500. The University is regionally accredited and a member of the Thurgood Marshall College Fund. The Graves School of Business and Management is also prestigiously accredited by the AACSB. Many professors in the SBM are people of color, and more than 90% have completed a PhD in their discipline. This representation of success creates an inclusive environment for all students to learn and reach their academic and career goals. There are nine undergraduate degrees available, as well as several master’s and a PhD program. On-campus there are many inclusive clubs and organizations like the African Student Organization, International Association of Black Actuaries, National Association for the Advancement of Colored People, and the National Council of Negro Women.
The Feliciano School of Business is AACSB accredited and offers many bachelor’s and master’s degrees. Their graduate programs include a weeknight MBA with an executive speaker series, a 9-10 international study trip, and a globally focused curriculum. Nearly 60% of Montclair State University business students are people of color. Montclair prides itself on the diversity of its community and more than 20,000 students who enroll each semester. The Multicultural Center offers general diversity workshops that dive into topics such as microaggressions, stereotypes, inclusion, social justice, privilege, and more. Discussion groups are also hosted as a way to facilitate community and encourage students of all backgrounds to share their experiences. OSJD Ambassadors is another way for both undergraduate and graduate students to volunteer and develop both small and large diversity education programs and initiatives. Even though the current health crisis has changed things a bit on campus, the University still recently celebrated Black Heritage Month with a series of virtual events.
The Greehey School of Business has been educating those hoping to enter the business world since 1923. A few of the AACSB accredited undergraduate degrees offered are Accounting & Data Analytics, International Business, Management, Accounting, or Marketing. St. Mary’s University is situated in San Antonio, Texas. St. Mary’s is a private Marianist liberal arts institution and the oldest Catholic university in the state of Texas. The University was established around 160 years ago and now serves a diverse student population of around 4,000 students each semester. Clubs and organizations offer an important pathway for business students of all backgrounds to come together. There are several minority and internationally focused groups on campus. These include the Black Student Union, International Students Association, League of United Latin American Citizens, and the NAACP. One of the goals of St. Mary’s is outreach to local neighborhoods and those from disadvantaged backgrounds.
The Satish & Yasmin Gupta College of Business is named after two business students who attended UT Dallas looking for an international business education. They then went on to create SB International and gift the University a state-of-the-art business hall. More than half of the University of Dallas’s business students identify as people of color. The University’s location in Irving, Texas, places students near the center of one of the country’s busiest and most diverse cities. UD is a private, Catholic university that holds both AACSB business accreditation and regional accreditation with the Southern Commission of Colleges and Schools. The University of Dallas takes many steps to ensure that all students on campus feel safe and represented. One way that this is addressed is through scholarships such as the First Generation/Constantin Scholars Program, scholarships specifically allotted for underrepresented and first-generation students, and the Cristo Rey Network Scholarship.
California State University, San BernardinoJack H. Brown College of Business and Public Administration
The Jack H. Brown College of Business and Public Administration carries prestigious AACSB accreditation. Their programs are nationally recognized and include majors in Entrepreneurship, Management, Marketing, Public Administration, Information & Decision Sciences, or Accounting & Finance. Students are supported through advising, internship opportunities, and workshops. Workshops focus on applicable skills like internships, interview skills, resumes, and networking. Cal State San Bernardino was established in 1965 as a part of the larger California State University system. The 440-acre campus serves nearly 20,000 students each semester. Fifty-six percent of those enrolled in the business school are people of color. The Diversity, Equity, and Inclusion Board seek to ensure that CSUSB is an inclusive environment that supports belonging, diversity, equity, inclusion, social justice, and an overall inclusive climate. Employees of the University are trained through workshops that discuss ways to improve on-campus inclusion, work with diverse teams, manage with diversity in mind, and more.
The Robert C. Vackar College of Business and Entrepreneurship is AACSB accredited and offers bachelor’s degrees in Economics, Accounting, Entrepreneurship, Finance, International Business, Information Systems, Management, Hospitality, and more. Master’s can be earned in MBA, MSBA, or MAcc. Outside of academics, students can utilize resources such as the Child Development Center, counseling services, health services, mental health resources, student food pantry, or the Military & Veteran Success Center. The University of Texas Rio Grande Valley is the southernmost member of the University of Texas System. UTRGV has multiple campuses throughout the region and serves one of the highest Hispanic populations in the nation. Recently, the Hispanic Outlook in Higher Education Magazine has ranked UTRGV 3rd in the country in awarding bachelor’s degrees to Hispanic students. The University’s property covers over 500 acres and educates students in Brownsville, Edinburg, McAllen, Harlingen, Rio Grande City, and South Padre Island. Tuition for both the undergraduate and graduate programs are recognized for their affordability.
Stanislaus State’s College of Business Administration holds the elite AACSB accreditation. Students can earn their Bachelor’s of Science in Accounting, Computer Information Systems, Finance, Management Entrepreneurship, Management Human Resources, Management International Business, Marketing, or Operations Management. An MBA can also be completed either online, in the evenings, or in an Executive format. CSU Stanislaus educates close to 11,000 students every semester. The campus sits on 228 acres in Turlock, California. More than 50% of students enrolled in business programs at Stanislaus State are people of color. As a part of the California State University system, giving back to the community is an important part of the culture. Youth camps are held for music, athletics, science, LEAD, and writing. Through the CSU Learn Portal, students can learn more about diversity, equity, and inclusion through a selection of articles, courses, and webcasts. On-campus there are also many multicultural events such as Black History Month, cultural food festivities, cultural dance classes, art shows, and diversity month celebrations.
Florida International University is a part of the State University System of Florida. The University itself is regionally accredited through the Southern Association of Colleges and Schools, and the College of Business carries elite accreditation through the AACSB. Recently the School of Business was ranked at #2 for International Business and #8 in International Business by U.S. News. There are many ways for business students to get involved on campus and help their community. AIESEC Miami is an international leadership organization that supports young people as they become global leaders. ENACTUS, International Business Honors Society, and the National Association for Black Accountants are all clubs that encourage multicultural leadership development as well. The 578-acre campus is located in University Park, Florida. After its establishment in 1965, the FIU quickly became the largest university in the Greater Miami region. They are also the second-largest university in the state and the fourth-largest by enrollment in the nation.
More than 51% of the University of Baltimore’s business students identify as people of color. The Merrick School of Business holds elite AACSB accreditation, making it one of the nation’s top business schools. The School’s prime location in Baltimore lends itself to many networking opportunities, internships, and cultural experiences. The Diversity Center on campus frequently holds diversity events. Some of the past themes for these events included black history month trivia, diversity dialogue, a cultural outing to Washington, DC, and a paint and talk session. There are also many organizations that support students of color, such as the African Student Union, Black Student Union, International Student Association, Saudi Student Association at UB, and the Women of Color Student Association. Students can earn a Bachelor’s of Science in Business Administration or a Bachelor’s of Science in Information and Technology. Majors within the BSBA program include Data Analytics, Accounting, Finance, International Business, Finance, Marketing, and more.
The Anderson School of Management is nationally recognized and AACSB accredited. Within the School, there are several organizations supporting students of color like International Business Students Global, Association for Latino Professionals for America, Graduate Ambassadors, and more. The University of New Mexico is located on 600 acres in Albuquerque, New Mexico. There are several additional branch campuses in Los Alamos, Gallup, Taus, Rio Rancho, and Los Lunas. More than 26,000 students attend UNM every semester. The University was established in 1889 in the homeland of the Pueblo of Sandia. Because of this, there is a distinct effort made to honor both the campus grounds and the native people of the area. Inclusion, diversity, and equity are central to the University’s mission. UNM is one of only a small selection of Hispanic-serving institutions in the nation that are also classified as an R1: Doctoral University with very high research activity by the Carnegie Commission of Higher Education. Workshops and events are also frequently held on campus to support diversity awareness.
Claremont Graduate University is a private graduate-level research university in Claremont, California. The Drucker and Masatoshi Ito Graduate School of Management offers small class sizes taught by professors with extensive industry experience. A few of the degree options available are MBA, MA in Management, MS in Finance, MS in Financial Engineering, or MA in Art Business. The campus is near Los Angeles, which provides a unique mix of an intimate experience on a small campus with the advantages that the city has to offer as well. The University was founded in 1925 and is a member of the Claremont Colleges system, which includes seven other institutions of higher learning. While the University is small, they offer business students a wide array of diversity resources. These include the Office of Black Student Affairs, Chicano/Latino Student Affairs, International Place, Muslim Students Association, and the Seven-College Asian American Advisory Board. The Diversity, Equity, and Inclusion Committee also works with Claremont’s executive team to promote an institutional culture of acceptance and alignment of values related to diversity.
The School of Management at the New Jersey Institute of Technology is highly regarded and carries prestigious accreditation with the AACSB. Students can earn an undergraduate degree in Business with concentration options in Accounting Systems, Finance, Financial Technology, Innovation & Entrepreneurship, Marketing, and Management Information Systems. Along with other undergraduate offerings, there are also two MBA formats or a Master’s of Science in Management. The New Jersey Institute of Technology was started in 1881. Over the years, NJIT has grown and now serves about 12,000 students per semester from their campus in Newark, New Jersey. Students are encouraged to get involved on campus. Some of the campus organizations supporting students of color include the Association of Indian Students, the African Students Association, the Bangladeshi Student Association, the Chinese Undergraduate Student Association, and the Egyptian Student Association in North America. Events like game nights, open forum discussions, and movie nights for black history month are also held. NJIT holds many national recognitions, including being recognized by Forbes as #1 for Student Economic Upward Mobility.
The College of Business provides a variety of AACSB accredited programs such as Accounting, Environmental Management, Finance, Healthcare Administration, Management Information Systems, Marketing, and more. Nearly half of the business students enrolled at the University of Houston-Clear Lake are people of color. UHCL is a part of the University of Houston System. They serve around 9,000 students each semester through their main campus and two branch campuses around the Houston area. Although it is a smaller university, the University of Houston-Clear Lake has an alumni of over 73,000, making it a great place to network for those who would rather not travel into the city for classes. The Office of Student Diversity, Equity, and Inclusion sponsors cultural diversity programs and trainings such as identity & heritage celebrations, First Gen Fridays, Global Expo, Cultural Extravaganza, and Martin Luther King Jr. Day of Service. Some of the SDEI supported organizations include the African Students Association, Cross-Cultural Anthropology Association, Indian Student Association, and the Vietnamese Student Association.
UC Riverside is one of 10 University of California campuses. The main campus sits on an impressive 1,900 acres in Riverside, California, and serves around 25,000 students each semester. Nearly 50% of those enrolled in the business programs UCR are people of color. Students of the School of Business can earn their undergraduate degree in Business Administration or choose from several master’s degrees. The master’s options include MBA, Professional MBA, Master’s of Professional Accountancy, Master’s of Finance, Master’s of Science in Business Analytics, or PhD. Students of color can seek advising and resources through the Office of Diversity, Equity, and Inclusion. There are many special programs devoted to cultural groups such as African, Asian Pacific, Chicano, Native American Students, and more. There are also diversity trainings specifically geared towards students, staff, and faculty on campus. Graduate students can even apply to be a part of the Diversity Certificate Program, which brings students together to discuss higher and post-secondary issues in education.
Tobin College of Business students can earn an AACSB accredited Bachelor’s of Science in high-demand areas such as Accounting, Business Analytics, Finance, International Management, Marketing, or Risk Management & Insurance. St. John’s University is a private Catholic university located in Queens, New York. The University has several other campuses that serve the New York City area, as well as international campuses in Italy, France, and Ireland. All campuses combined, St. John’s educates about 21,000 students each semester. The main campus includes 100 acres with lawns and trees along with easy access to one of the largest business epicenters in the world. The Office of Diversity, Equity, and Inclusion offers a variety of support services, including several fellowships and scholarship opportunities specifically designed for people of color. The Theodore Jones, Jr. Fellowship is a comprehensive opportunity that provides black students with extensive support through funding, a summer preparatory program, a 1L paid internship, special alumni connections, and more.
Texas A&M University-Commerce is the third-largest institution of the Texas A&M University System; it is also the fourth oldest state university or college in Texas. More than 45% of students who participate in business programs at TAMU-Commerce identify as people of color. The College of Business is endorsed by the Institute for Management Accountants and AACSB accredited. Undergraduate degrees can be earned in Business Analytics, Finance, Business Administration, Accounting, Management, Marketing, or General Business. Master’s are offered in Accounting, Business Administration, Business Analytics, Finance, Management, or Marketing. Of the 12,000 students enrolled at TAMU-Commerce, there are students from 169 counties in Texas, 44 states, and 57 countries. The University’s location is just 65 miles from downtown Dallas which lends itself to many cultural and networking opportunities. Making learning accessible to all is an initiative for the University. Because of this, there are a variety of scholarship and financial aid opportunities available. In fact, nearly 70% of students receive some form of financial aid, and each year over 72,000,000 is awarded through scholarships and financial aid programs.
The J. Mack Robinson College of Business at Georgia State University is home to a diverse student body population. Several distinguished minorities serve as chairs of Robinson’s 11 departments: Accountancy, Analytics, Computer Information Systems, Economic Forecasting, Finance, Health Administration, Hospitality Administration, International Business, Marketing, Real Estate, and Risk Management and Insurance. Minority students are making a huge impression at this AACSB-accredited business school. Robinson COB is especially proud that one of their own students won the title of Best Speaker at the highly competitive 2020 National Black Association Case Competition. Robinson’s team, Stellar Consulting Group, also won 2nd place. Events such as the Diversity and Inclusion Student Leadership Virtual Panel Discussion ensure students’ voices are heard. Robinson offers three BBA programs that are ranked among the National Top 10 in the 2021 U.S. News and World Report rankings. The MBA is also nationally ranked by U.S. News and World Report, Financial Times, and CEO Magazine.
The School of Business Administration at Penn State University Harrisburg is proud to serve an ethnically diverse group of students, with approximately half identifying as POC. Penn State attracts students and faculty from more than 50 countries. The AACSB accreditation is a global symbol that SoBA graduates are prepared to succeed in business careers anywhere in the world. Undergraduate students can pursue degrees in Accounting, Cybersecurity Analytics and Operations, Finance, Human-Centered Design and Development, Information Sciences and Technology, Information Systems, Management, Marketing, Project and Supply Chain Management, and Security and Risk Analysis. The prestigious MBA program offers tracks in Accounting, Business Analytics, Finance, and Supply Chain Management. MBA students receive up to $2,000 for study abroad. Students can enhance their leadership skills by joining the Women of Color Empowerment Group or Latinx Leadership Institute. The Multicultural Resource Center even hosts a special multicultural orientation attended by approximately 500 freshmen each year.
Oklahoma City University’s Meinders SoB offers the perfect educational setting for students of color due to the low 11:1 student-to-faculty ratio, high caliber professors, and students that span 43 countries around the globe. Students of color comprise about half of the business school. Meinders is a top-ranked AACSB-accredited business school, currently recognized by U.S. News and World Report among the top 50 Best Online Business Programs for 2021. The Bachelor of Business Administration allows students to major in Accounting, Business Administration, Economics, Finance, or Marketing. Graduate students can rapidly advance their careers by earning the one-year Leadership MBA. Other graduate degrees include Accounting, Energy, Healthcare Practice Management, and a traditional MBA. The Native American Business Scholars Academy awards five full-tuition scholarships each year to Chickasaw students. Students will attend seminars on Native American business issues. All business students will also benefit from attending the Lessons in Leadership Series featuring topics such as “Becoming an Inclusive Leader.”
Diversity is embraced at the Stephen G. Mihaylo College of Business and Economics at California State University, Fullerton. The Princeton Review recognizes Mihaylo among “Best Business Schools” and praises this AACSB-accredited business school for their students being “very diverse in ethnicity, race, background, and ideas.” Black students recently formed an on-campus chapter of the National Association of Black Accounts in January 2021 to help this underrepresented demographic feel more connected to the business community. Business students of all races are encouraged to actively participate in the Center for Leadership, which hosts events such as Meet the Executives: Diversity and Inclusion. Leadership Scholars also present diversity training. Students have multiple themed housing options available, including the College of Business and Economics residence hall, Global Engagement Community, and the Athena House. Global Engagement students have opportunities to reside with international students, celebrate international holidays, and travel abroad. Athena House offers leadership events and workshops open to female students from any culture.
The inclusive environment at Virginia Tech’s Pamplin College of Business will empower students from different ethnicities to achieve their goals of earning a business degree. InclusiveVT is a campus-wide initiative to increase cultural competency and ensure representation for diverse communities. VT has been recognized as a Diversity Champion by INSIGHT into Diversity magazine for five consecutive years. The Future Faculty Diversity program is responsible for recruiting a diverse staff. Community outreach programs will launch in 2022 as an effort to attract more African American, Native American, Hispanic, and first-generation college students. Pamplin CoB aims to incorporate a global perspective, and all students are required to complete a course on equity and identity. In efforts to reach more students, Pamplin offers an evening MBA at Falls Church, an Executive MBA in Arlington, and Professional MBA courses in Richmond and Roanoke. Undergraduate students can major in Accounting and Information Systems, Business Information Technology, Finance, Hospitality and Tourism, Management, Marketing, or Real Estate.
The University of St. Thomas sits close to downtown Houston, one of the most diverse cities in the United States. At the Cameron School of Business, students are exposed to diversity in the classroom and through real-world work opportunities. Nearly half of the students identify with an ethnic minority group, and through internships and consulting projects, students collaborate with colleagues from around the world. Cameron SoB is a proud participant in the United Nations Global Compact, which emphasizes diversity and inclusion in the business curriculum. An AACSB-accredited Bachelor’s of Business Administration degree is available in Accounting, Economics, Finance, General Business, International Business, or Marketing. Master of Science degrees are offered in Accounting, Business, and Finance. Specialized graduate degree programs include Clinical Translation Management, Ecclesial Administration and Management, International Business, and Professional Accounting. The rigorous MBA offers high-demand concentrations in Accounting, Economics, Ethics, Finance, Free Enterprise and Entrepreneurship, International Business, Management Information Systems, and Marketing.
Minority students often face many obstacles, but the professors at the University of Albany’s School of Business are dedicated to helping students succeed. Faculty receive special training on shaping the classroom environment and ways to engage in meaningful diversity discussions in the classroom through the Dialogue in Action series hosted by the Office of Diversity and Inclusion. The AACSB-accredited SoB offers undergraduate programs in Accounting, Business Administration, Digital Forensics, and Financial Market Regulation. Accounting, Digital Forensics and Cybersecurity, Forensic Accounting, Professional Accountancy, Taxation, and several MBA programs are offered at the graduate level. Students can find their tribe through participating in organizations such as the Association of Latino Professionals For America, Graduate Students of Color, and the National Association of Black Accountants. Catholic mass is also offered every Sunday on campus. Students can also expand their cultural knowledge by completing a business internship in Australia, Ecuador, Ireland, Italy, Japan, the Netherlands, or the United Kingdom.
Southern Illinois University Carbondale’s College of Business realizes what an asset it is to have a diverse student population. The COB features its own Office of Inclusion and Diversity to increase matriculation and graduation rates of underrepresented student groups. Minority students can receive a professional mentor to guide them through the challenges of college and a peer mentor to have a personal support system on campus. Tutorial assistance and study skills workshops give students additional help they may need. Several scholarships, such as the Hispanic College Fund and the United Negro College Fund, are also available to help students fund their business education. COB undergraduate students can study Accounting, Business Analytics, Business and Administration, Economics, Finance, Hospitality, Tourism, and Event Management, Management, and Marketing. The Master of Accountancy features two distinctive tracks: Taxation or Auditing and Accounting Information Systems. MBA students can select a concentration in Finance, Marketing, or General. Doctoral students can pursue a Doctor of Philosophy in Business Administration with a focus in Accounting, Finance, Management, or Marketing.
The highly esteemed Coles College of Business at Kennesaw State University celebrates diversity. KSU is the second-largest college in the state of Georgia, so many cultures are represented on campus. The Cultural and Community Center offers a series that may be of interest to business students titled “Unpacking the Hustle: Exploring Early Black Entrepreneurship.” Students can also participate in Diversity Week and MLK Week, as well as attend the Summer Diverse Student Leaders Summit. Coles also participates in Black History Month and launched a chapter of the Association of Latino Professionals for America in 2020. Additionally, business students can join the National Association of Black Accountants or the Internationally Business Students Association. COB students can obtain an undergraduate degree in Accounting, Economics, Entrepreneurship, Finance, Hospitality Management, Information Security and Assurance, Information Systems, International Business, Management, Marketing, and Professional Sales. Dynamic master’s degrees are available in Accounting, Healthcare Management and Informatics, Information Systems, and an MBA. A Doctor of Philosophy in Business Administration is also offered.
Binghamton University SUNY’s School of Management values diverse perspectives in the classroom. Students come from across the country and around the world. Upon arriving at campus, they quickly form their own SOM family by participating in the Association of Latino Professionals for America, the International Student Association, and the National Association of Black Accountants. In honor of George Floyd, Bingham University began a new tradition in 2020 to award five annual scholarships for students demonstrating outstanding social change. Among the first recipients was an Economics major who is raising funds for the Caribbean Project and who volunteers at inner-city schools. Adventurous students can also explore the world through SUNY-affiliated universities in 20 countries, including China, Hong Kong, South Korea, Spain, and the United Kingdom. Undergraduate students can begin their business path with either a Bachelor of Science in Accounting or Business Administration. Graduate students can open additional doors by earning an MBA or a Master of Science in Accounting. A Management Ph.D. is also available.
The Lee Business School at the University of Nevada, Las Vegas brings together diverse business students to create innovation and lively discussions. UNLV is designated as a Minority-Serving Institution and is listed among the nation’s top 10 most diverse universities for undergraduate students by U.S. News and World Report. Lee students can support equality in the workplace by attending the coffee chat “Identify and Reframe Limiting Beliefs.” First-generation students majoring in Accounting can earn The Stephanie Wolf Hughes First Generation Scholarship through a partnership from a generous UNLV business alum and the Diversity Initiatives. First-Gen Connect provides academic services such as tutorials and workshops to help students succeed in their college journey. Undergraduate students can earn a Bachelor of Business Administration in Accounting, Economics, Entrepreneurship, Finance, Information Management, International Business, Management, Marketing, or Real Estate. The MBA can be tailored with a concentration in Finance, Human Resource Management, Management Information Systems, Healthcare Management, Marketing, or New Venture Management. Several specialty master’s degrees are also offered.
Diversity abounds at the University of Washington Bothell’s SoB, with close to half of the students identifying as an ethnic minority. The SoB’s Mentorship EDGE program is built on four pillars: Empowerment, Diversity, Growth, and Employability. Students are paired with professional business leaders, and these relationships often lead to internship or job offers. Research talks and the Dean’s Distinguished Speaker Series also give students the opportunity to learn from successful professionals. Past topics have included discussions about race and equality, such as The Evolution of Intragroup Conflict, Should I Conceal Being Different, and Vocal Minority and Silent Majority. Professors bring experience from around the world to the AACSB-accredited business programs. Undergraduate students will customize their Bachelor’s in Business Administration with a concentration in Accounting, Finance, Management, Management Information Systems, Retail Management, Supply Chain Management, and Technology and Innovation Management. The Bothell MBA has been recognized amongst the best programs nationally by Bloomberg Businessweek. Students can pursue a technology or leadership track.
Northeastern Illinois University’s College of Business and Management offers a racially and ethnically mixed student population that positively impacts the school’s inclusive culture. NIU is designated as a Hispanic-Serving Institution. Northeastern 1st among Most Diverse Midwest Colleges and Universities by the Wall Street Journal and 3rd in U.S. News and World Report’s Diverse Student Population category. Undergraduate Hispanic business students can prepare for graduate school by joining Prospanica, the Association of Hispanic Professionals. COB students also plan and organize the International Business Conference. The Angelina and Pedroso Center for Diversity and Intercultural Affairs hosts Signature celebration events, such as Latino Heritage Month and Black History Month. COBM undergraduate students can create a bright future by earning a degree in Accounting, Computer Science, Finance, General Business Administration, Management, or Marketing. Graduate students can enhance their career prospects by earning a Master’s of Science in Accounting or Computer Science or an MBA.
The University of Illinois at Chicago is a cultural hub of the world for students. UIC is ranked among the Top 20 Most Diverse Universities by U.S. News and World Report, and over one-third of the students are first-generation. Students receive many support services, ranging from inspirational mentors to study abroad writing workshops on Incorporating Identity and Diversity into Your Application. Campus events, such as “Color Tax: Origins of the Modern-Day Racial Wealth Gap,” tackle social injustice. The AACSB-accredited College of Business Administration incorporates a global mindset into the curriculum. Marketing professor, Karsaklian, published “The After Deal,” which focuses on cultural differences and awareness when negotiating contracts and maintaining ongoing business partnerships. Undergraduate students can prepare to be ethical, inclusive leaders by obtaining a degree in Accounting, Business Administration, Entrepreneurship, Finance, Information and Decision Sciences, Management, or Marketing. Graduate programs allow students to build upon their expertise in Accounting, Business Administration, Business Analytics, Finance, Management Information Systems, or Marketing.
The Rawls College of Business Administration at Texas Tech University consists of students of Hispanic, black, and Asian origins. Rawls is committed to five core values including, “foster diversity and inclusion.” Rawls hosts many events to support this commitment, including the Annual Diversity Symposium, featuring guest alum speakers, panels on a diverse workplace, and a discussion on the cultural climate of Rawls. The Donuts and Diversity series explores equality issues related to gender, sexual orientation, disabilities, and race. Previous talks have included The Effect of Bias in the Classroom and Female Alum in Male-Dominated Careers. Undergraduate students will earn a Bachelor of Business Administration with a major in Accounting, Energy Commerce, Finance, Information Technology, Management, Marketing, or Supply Chain Management. Graduate students can pursue a Professional MBA with a concentration in Big Data Strategy, Energy Business, or Health Organization Management. Students can also choose from among several specialized master’s degrees and a Ph.D. in Business Administration.
The UT Arlington’s College of Business offers an exceptional, tight-knit community that fosters diversity. UTA is ranked 5th for Ethnic Diversity by U.S. News and World Report. The university has also been named a Top 100 for Hispanic Students by the Hispanic Outlook on Education magazine and a Best School for Latinos, according to Latino Leaders magazine. Business students are actively involved in the Association of Latino Professionals for America. The COB also offers a Diversity, Racial Equity, and Inclusion Group geared towards faculty and doctoral students with an interest in pursuing research on creating equality in the workplace. In 2020, business alumna Brandenburg gifted $800,000 to the Center for Mexican American Studies and the Center for African American Studies, which will fund scholarships for minority students, student research, and guest speakers. A wide array of Bachelor of Business Administration degrees, MBA programs, specialty master’s degrees, and Ph.D. programs are offered at the AACSB-accredited COB.
The Milgard School of Business at the University of Washington Tacoma has made great strides in attracting scholars of all races and ethnicities and currently serves over one-third of minority students. Business students can give back to the local community by enrolling in the unique Board Governance two-semester course. In this hands-on class, students serve on a non-profit board, such as the Asia Pacific Cultural Center or United Way of Tacoma, and create a project that serves the needs of the organization. The Center for Equity and Inclusion sponsors many events throughout the year, such as the Students of Color Conference and an annual Black Alumni Weekend. Undergraduate students will hone in on 21st-century business skills through a Bachelor of Business Administration in Accounting, Finance, General Business, Management, or Marketing. Graduate students can continue their studies with a master’s degree in Accounting, Business Administration, Business Analytics, or Cybersecurity and Leadership.
Florida Atlantic University’s College of Business features a vibrant community where minority students receive the support they need to thrive. FAU is proud to be designated as a Hispanic-Serving Institution and is one of the most diverse campuses in Florida. Female business students with significant financial needs may apply to live in the Business and Professional Women’s Scholarship House. The Center for Inclusion, Diversity Education, and Advocacy features Liberating Conversations, a series that allows students to address race, class, ethnicity, and gender. Students can also enhance their cultural awareness by attending the Diversity Matters Student Leadership Symposium. The COB can help students achieve their business goals through one of nine outstanding undergraduate majors: Accounting, Economics, Finance, Health Administration, Hospitality and Tourism Management, International Business, Management, Management Information Systems, and Marketing. Graduate students have 15 dynamic degree programs available to further their professional growth, including several MBA options and a Ph.D. in Business Administration.
The Harley Langdale, Jr. College of Business Administration at Valdosta State University welcomes business students from diverse cultural heritages. Through Student Diversity and Inclusion, three scholarships are offered to help students who are making efforts to make the campus climate more inclusive. In 2020, the Student Government Association passed a resolution to hold an annual campus-wide Celebration of Inclusion. Students from different cultures can also come together to share a meal at the Diversity Dinners of Hope, participate in discussions about race and gender issues in a safe environment at the Brave Space Dialogue series, and earn extra credit for the online Diversity Film Series. The dual AACSB-accredited COBA offers undergraduate majors for the Bachelor of Business Administration in Accounting, International Business, Economics, Finance, Healthcare Administration, Management, and Marketing. The Master of Accounting program prepares students to sit for the CPA exam, and three MBA programs are offered for students seeking to advance their business knowledge.
The College of Business at the University of Central Florida is committed to diversity amongst students and faculty members. In 2016, COB introduced the Diversity Speaker Series after the tragic mass shooting at a Florida nightclub. Business professionals from different backgrounds are invited to tell inspiring stories about how they’ve overcome adversity and become successful leaders. COB offers 20 business organizations, including the National Association of Black Accountants and the Association of Latino Professionals for America. Strategies for Success is a class for first-year business students covering important college topics such as diversity and social justice, study skills, and career-readiness. “Welcome to the Majors” is also held every semester to explore undergraduate degrees in Accounting, Business Analytics, Business Economics, Economics, Finance, Integrated Business, Management, Marketing, and Real Estate. Graduate students have four unique MBA options designed to fit their goals and lifestyle: Executive, Profession Part-time, Professional Full-time, and Evening. U.S. News recently recognized the Part-time MBA amongst the best in the nation for 2021.
At Loyola Marymount University’s College of Business Administration, students learn the importance of making money and making a difference. The CBA recently launched the Diversity, Equity, and Inclusion Project, which incorporates three phases aimed at creating an equitable learning environment. The Center for Asian Business and the Center for International Business Education offers hands-on international business courses such as Business Chinese and Global Sustainability. In 2019, faculty members received international professional development through a ten-day immersion program in South Korea. World-class professors deliver undergraduate programs in Accounting, Entrepreneurship, Finance, Information Systems and Business Analytics, Management and Leadership, and Marketing. Graduate students gain a global perspective through the unique, immersive Master in Global Entrepreneurial Management. The Financial Times ranks this program 1st in International Student Experience. Program participants spend one semester in Barcelona, New Taipei City, and Los Angeles. Other graduate programs include Accounting, Business Administration, Business Analytics, Entrepreneurship & Sustainable Innovation, or Management.
Purdue University Northwest’s College of Business is internationally accredited by the AACSB. The COB has a diverse mix of local and international students, with over one-third of students representing minority racial groups. Purdue offers several multicultural organizations, including the Black Student Union, the National Society of Leadership and Success, and Unidos. Students can also attend the Anti-Racism Lecture Series and celebrate Black History Month, featuring fun activities such as Black History concerts, an academic bowl challenge, and a parade. Undergraduate students can kickstart their business careers with a degree in Accounting, Business Information & Analytics, Finance, Hospitality and Tourism Management, Human Resource Management, Management, or Marketing. Graduate students can pursue an EMBA, MBA, or Master of Accountancy. MBA concentrations include Accounting, Information Systems/Business Analytics, Finance, or Forensic Accounting. Funding your business degree is possible through 30 generous scholarships, including a COVID 19 scholarship for those academically impacted by the pandemic.
The field of business is continually evolving. Exceptional business schools work diligently to combine real-world skills with academic concepts. This includes acknowledging and addressing needs and imbalances when it comes to diversity both in the higher education space and within professional sectors. The schools within our Best Business Schools for People of Color list all include representation in faculty and staff, campus initiatives, and more. Entering into the field of business can feel quite overwhelming. Still, high-quality accredited programs with support and understanding of the unique needs of people of color can make all the difference.
As you are searching for business programs, you may have a few questions. Here are a few frequently asked questions to help you as you begin the journey towards your undergraduate or graduate-level business degree.
Are there scholarship opportunities specifically for people of color?
The short answer to this question is yes! There are many scholarship and assistance programs designed specifically with people of color in mind. You can find many of these on the College Consensus website under the Scholarships tab. A few of the notable scholarships included within those resources are the Jesse Jackson Fellows-Toyota Scholarship, Blacks at Microsoft Scholarship, AMS Minority Scholarship, NBCC Minority Fellowship Program, HENAAC Scholars Program, and the Hispanic Scholarship Fund. There are also many university-specific scholarships designated for first-generation students. For example, the University of Chicago’s Odyssey Scholarship gives those selected more than $50,000 towards the cost of their education. The Benjamin A. Gilman International Scholarship and Coca-Cola First Generation Scholarships are not school-specific. They have helped many minority students who are the first generation receive $5,000 towards the cost of attending the college or university of their choice.
Are there government programs to help me pay for my schooling?
Pell Grants, work-study programs, and federal scholarships are excellent options to look into. The first step to applying for any of these forms of assistance is to complete the Free Application For Student Aid. Once your FAFSA is complete, the Department of Education will assess your eligibility based on factors such as family income, citizenship status, and whether you plan to enroll full or part-time at an approved college or university. You will then receive a financial aid offer, which will walk you through how much tuition will cost for one year and how much assistance you qualify for.
Aside from government work-study programs, many universities also offer on-campus employment that works around student hours. Your university’s Office of Financial Aid or counselors are a great resource for finding work-study options, searching for additional scholarships, and making sure that you get the most out of your financial aid packages.
Where are the best HBCU business schools?
Within this ranking, you will find that there are several Historically Black Colleges and Universities listed. A few of these include Clark Atlanta University, Prairie View A&M, Howard University, North Carolina State A&T State University, and Texas Southern University. There are many other HBCU’s that offer well-recognized business programs, but those included within this list have already been vetted for prestige, accreditation, and representation.
Once I complete my business degree, are there any professional associations for people of color?
There are actually many business and professional associations to be a part of that offer support and networking. Some of the options include the African American Success Foundation, Black Data Processing Association, Black & Brown Founders, and the Association of Latino Professionals For America.
Do I have to have a business undergraduate degree to be eligible for an MBA or graduate degree in business?
In most cases, this is a school-specific choice. Many programs prefer to include a variety of career and educational backgrounds, while others choose to open their programs to those who are well versed in the business industry. With that being said, many of the programs with prior business degree requirements do offer the option to take prerequisite courses to build on foundational skills before students fully enter into their MBA program. Foundational MBA courses typically cover key topics like Managerial Accounting, Marketing Management, and Organizational Theory. Many top business schools for people of color offer prestigious MBA programs.
Are distance learning programs as reputable as on-campus degrees?
A lot of the top business schools on this list have online programs. In most cases, online degrees from accredited business schools offer the same high-quality educational experience as on-campus options. There are often hybrid options available that offer the benefits of on-campus learning with the flexibility of completing assignments on your own schedule. Some distance programs have real-time video components that allow students to watch live lectures even if they are not able to be physically on campus.
Most business schools, even if they do not have fully online degree programs, have some distance-learning protocol incorporated since the start of COVID. So in many cases, the professors who teach on-campus classes are also those who teach online courses. For our Best Business Schools for People of Color ranking, representation among staff and faculty was a significant part of the equation. With that being said, if a school has a diverse faculty on-campus, that will most likely be transferred into online learning as well.
Overall earning a degree with accreditation is key. The delivery method is simply a matter of preference and scheduling needs.
The Bureau of Labor and Statistics data shows that the median annual wage for business and financial occupations was $69,820 in May 2019. This sits higher than the median annual wage for all occupations, which was only $39,810. Individuals from all backgrounds who are looking to gain skills that are relevant, applicable, and adaptable to an array of industries should certainly consider earning their undergraduate degree in business.
There are many majors to choose from within the business field. A few of the popular options are entrepreneurship, sport management, tourism & hospitality management, international business, marketing, human resources, and more. Taking learning to the next level through a Master’s of Business Administration not only prepares students for success through academics but also gives them opportunities to make impactful networking connections and learn the real-world skills critical for significant pay increases. Pursuing a business degree at any level is a choice that can lead to many avenues of success.
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