The PhD Project Company Profile
The PhD Project was established by The KPMG Foundation in 1994, following the termination of the Minority Summer Institute (MSI) run by GMAC and AACSB. MSI encouraged minorities at the undergraduate level to look at a career in academia, but did not meet intended expectations. With an investment of just $5,000 each, Bernie Milano, then head of recruiting at KPMG, and Peter Thorp of Citigroup, led a process to shift the model and focus on minorities at the graduate level instead. The PhD Project was launched with additional support from GMAC and AACSB...it worked, and continues to achieve great success! In 2005, The PhD Project once a program of the KPMG Foundation, became a separate 501(c)(3) with the KPMG Foundation remaining as the primary funder and administrator. The Project receives additional funding from many other prominent corporations In addition, we receive significant funding from the academic community including both doctoral and non-doctoral granting institutions.