The University of North Carolina at Pembroke
University Newswire
University Newswire
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Pembroke, NC 28372-1510
Date: March 23, 2004
Contact: Amber Rach
Email: amber.rach@uncp.edu
Phone: 910.521.6863
Fax: 910.521.6694

KPMG's PhD Project director comes to UNCP

By Scott Bigelow

Bernard MilanoBernard Milano was at UNC Pembroke March 17 planting a few seeds and seeking the faithful.

Milano, Executive Director for the KPMG Foundation, met with more than 30 students, staff and faculty at the School of Business to discuss his organization's program to nurture minority doctoral candidates in business.

"We are looking for people who feel a calling to teach business," Milano said. "We are in the business of creating professors."

Dr. Eric Dent, Dean of UNCP's School of Business, said a visit from KPMG was a good opportunity for students to learn about doctoral programs.

"KPMG is one of the world's largest accounting firms, and the foundation's PhD Project is seeking minority candidates to encourage diversity in corporate America," Dr. Dent said. "That is what brought Milano to UNCP."

"KPMG has learned that business schools heavily promote careers in business to their students," the dean said. "Another terrific option, though, is for business students to become professors. I am very pleased that Bernard Milano was able to raise the profile of that possibility with our students."

Milano addressed several myths about doctoral programs in business, including the cost.

Bernard Milano"Most Ph.D. programs in business cost nothing and pay a stipend," he said. "You are considered part of the faculty as a teaching assistant."

Milano also said doctoral programs are not only for the young.

"Most people believe that education is for the young," Milano said. "A person with 10-15 years of corporate experience makes a pretty terrific professor."

Another myth he exploded is that business professors are paid poorly.

"There is a national shortage of business professors, so their salaries are rising," he said. "Business professors are among the highest paid in higher education."

It is also widely believed that doctoral programs in business are very difficult. Milano said that is no myth, but KPMG's PhD Project has a very high success rate.

"You can't minimize the difficulty of getting a doctorate," he said. "There is a 40 percent failure rate nationally. We have only an eight percent dropout rate in our project."

Freshman Kristy Michaud asked where the MBA (Master of Business Administration) fits into the requirements of doctoral programs in business.

"I'm glad you asked that question. That's another myth I want to address," Milano said. "You can get a doctorate without an MBA."

MBA programs have practical applications for business people who wish to accelerate their careers, while doctoral programs are research oriented, he said.

KPMG Foundation has 67 doctoral candidates in its PhD Project, Milano said. The PhD Project was founded in 1994 to increase the diversity of business school faculty by attracting African-Americans, Hispanic-Americans and Native Americans to business doctoral programs, and to provide a network of peer support throughout the programs.

Additional information about the program may be found at www.phdproject.org.

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The University of North Carolina at Pembroke Updated: Tuesday, March 23, 2004
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University Newswire
PO Box 1510
Pembroke, NC 28372-1510
Phone: 910.521.6863
Fax: 910.521.6694