The MBA Path to Diversity Scholarship Program

The MBA Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education.

Recipients receive a voucher to cover course registration fees, up to a maximum of $2,000, for popular MBA Education courses and designation programs. This education opportunity enables employees from diverse backgrounds to advance their professional growth and career development.

Scholarships awarded under the Path to Diversity program can also be used towards six upcoming MBA Conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resources Management (SHRM) credits.

MBA recognizes that a strong, responsible and sustainable real estate finance industry requires a workforce that is reflective of our society at large.

Application Requirements and Eligibility

A completed application requires a resume, personal statement and a letter of recommendation from a current MBA member in one of the following groups:

–Supervisor/Organization Leadership

–CMB (specifically for CMB applicants)

–NAAMBA (National Association of Minority Mortgage Bankers of America)

–State/Local MBA

–Future Leaders Alumni (specifically for Future Leaders applicants)

–mPact, mPower, D&I committees (D&I Advisory Committee or Online Community)

In addition, applicants must meet the following criteria:

–Is part of one or more of the following under-represented groups:

–Non-white or bi-racial

–Lesbian, Gay, Bisexual or Transgender

–Female

–Is currently employed by an MBA member firm or state MBA member firm that are current on their dues with MBA.

–Has worked a minimum of two years in the mortgage industry, or has broad experience in a related field with some focus in real estate finance, or has post-high school education related to the real estate finance industry, to include training to obtain a license, company-sponsored training, or MBA or other professional education

Review Timeline and Evaluation Process

Applications are accepted on a monthly, rolling basis subject to the availability of funds. Scholarship award amounts are based on the selected course registration. Individuals are eligible to receive up to three awards during their careers, with no more than one award provided per calendar year. 

Applications received by the 15th of the month will be reviewed within that month by MBA’s Path to Diversity Scholarship Award Task Force. Applicants will receive an “Acceptance” or “Denial” email no later than 30 days after the end of the month in which the application was reviewed. If you are denied, you may reapply at any time.

For more information, including a qualified listing of scholarship-eligible courses and programs, and to apply for the program, click here.