National Black MBA Association, Inc. (NBMBAA)

Background

The National Black MBA Association, Inc. (NBMBAA) is a non-profit organization established in 1970 at the University of Chicago. Its mission is to lead in the creation of educational, wealth-building, and growth opportunities for those historically underrepresented throughout their careers as students, entrepreneurs, and professionals. The association aims to empower visionaries intellectually and economically to create a world where diversity and inclusion are universal.

Key Strategic Focus

NBMBAA focuses on several core objectives:

Educational Empowerment: Facilitating access to graduate management education programs and career opportunities in management fields.

Economic Empowerment: Supporting the economic empowerment of stakeholders by providing access to networks of resources and information about access to capital, entrepreneurship, and wealth building.

Leadership Development: Offering programs that stimulate intellectual and economic growth, building partnerships with key stakeholders, and facilitating access to graduate education programs and career opportunities.

Community Engagement: Demonstrating servant leadership by listening to the needs of stakeholders and actively serving communities while preparing members to do so for life.

Financials and Funding

As a non-profit organization, NBMBAA's funding primarily comes from membership dues, corporate sponsorships, and partnerships. The association collaborates with over 200 of the country’s top business, academic, and not-for-profit organizations to support its initiatives.

Pipeline Development

NBMBAA offers various programs to support its members:

Leaders of Tomorrow® (LOT®) Program: Since its inception in 1991, the LOT® Program has mentored more than 8,000 talented youth aspiring to leadership roles in professional fields.

Annual Conference and Career Expo: The association hosts an annual conference that serves as a platform for professional development, networking, and career opportunities. The 2023 conference in Philadelphia attracted over 10,000 attendees nationwide.

Technological Platform and Innovation

NBMBAA leverages various technological platforms to enhance member engagement and program delivery:

Career Center: An online platform connecting members with job opportunities from Fortune 1000 companies and local employers.

Webinars and Virtual Events: Regularly hosting webinars, seminars, and speaker series to provide professional development and access to industry experts.

Leadership Team

The leadership team of NBMBAA includes:

Shawn M. Graham, CPA: Interim CEO, leading the organization into its next phase of growth.

Leslie Coleman: Board Chair, overseeing strategic direction and partnerships.

Jesse J. Tyson: Interim President, responsible for organizational operations.

Competitor Profile

NBMBAA operates in a landscape with several organizations focused on supporting underrepresented professionals:

National Association of Black Accountants (NABA): Established in 1969, NABA represents the interests of over 200,000 Black professionals in accounting, finance, and related business professions.

Consortium for Graduate Study in Management: Founded in 1966, this organization aims to increase the representation of African Americans, Hispanic Americans, and Native Americans in management careers through partnerships with MBA programs and corporations.

Strategic Collaborations and Partnerships

NBMBAA collaborates with over 200 organizations, including:

Corporate Partners: Fortune 1000 companies offering job opportunities and resources.

Educational Institutions: Business schools and universities providing scholarships and educational programs.

Community Organizations: Local chapters and community groups facilitating outreach and engagement.

Operational Insights

NBMBAA's extensive network of local chapters across the United States and Canada enables it to effectively serve a diverse membership base. The association's focus on education, economic empowerment, and leadership development distinguishes it in the non-profit sector.