In an effort to support a racially and ethnically diverse student population and help strengthen the pipeline of diverse CPA talent, Northeastern University's D'Amore-McKim School of Business is collaborating with the Deloitte Foundation in the Deloitte Foundation Accounting Scholars Program (DFASP).
Launched in 2021, the DFASP works in parallel with Deloitte's* MADE (Making Accounting Diverse and Equitable), a $75 million commitment to fuel greater racial and ethnic diversity in accounting and tax and generate more opportunities and leadership pathways for the next generation of certified public accountants (CPAs). The Deloitte Foundation expects to fund $30 million in scholarships for students over the next several years, including students interested in pursuing a fifth-year master's degree in accounting, master's of tax, or master's of accounting with a concentration in audit, advisory, or tax through the Deloitte Foundation Accounting Scholars Program. The Deloitte Foundation is collaborating with nearly 20 participating colleges and universities across the U.S., including Northeastern, in an effort to increase the representation of racially and ethnically diverse students in these programs. DFASP participating schools and the Deloitte Foundation will cover 100% of tuition (excluding books and living expenses) for selected students.
“The Deloitte Foundation helps accelerate innovation and equity in education to build pathways to opportunity for the workforce of tomorrow,” says Erin Scanlon, Deloitte Foundation president. “We are very excited to bring the Deloitte Foundation Accounting Scholars Program to more colleges and universities this year to engage more diverse students in pursuing a career in accounting or tax.”
“D'Amore-McKim is excited to collaborate with the Deloitte Foundation to provide critical resources and opportunities that can help increase the diverse representation in the accounting profession. The DFASP is an important program for both our school and the accounting profession,” says Timothy J. Rupert, Accounting Professor and Chair of D'Amore-McKim's Accounting Group. “Overall, diverse representation can allow for incorporating a greater variety of viewpoints and more effective decision making, but increased diversity can also impact the financial system and markets that accounting plays a critical role in helping operate. A financial system and economy that is fueled by greater diversity can lead to a more equitable distribution of wealth and resources in our society.”
“Accounting skills are increasingly valued in the complex business world and can help open the door to opportunity. For too long, that door has been shut for too many,” said Kevin McGovern, New England managing partner, Deloitte LLP. “I'm thrilled to see the Deloitte Foundation and the D'Amore-McKim School of Business provide the opportunity for more students to remain on their education path towards careers in the CPA profession, as the actions taken now may contribute to greater racial and ethnic equity in the next generation of business leaders.”
Applications for the 2023-2024 school year are available now, with scholarships to be granted in Spring 2023. Interested students should apply for admission to D'Amore-McKim's Accounting program and then separately apply to be considered for the DFASP. Each school will select the scholarship recipients.
For more information and to apply, visit D'Amore-McKim's Deloitte Foundation Accounting Scholars Program page or visit the Deloitte Foundation Accounting Scholars Program website.
About the Deloitte Foundation
The Deloitte Foundation, founded in 1928, is a not-for-profit organization that supports education in the U.S. through a variety of initiatives that help develop the next generation of diverse business leaders, and their influencers, and promote excellence in teaching, research, and curriculum innovation. The Foundation sponsors an array of national programs relevant to a variety of professional services, benefiting high school students, undergraduates, graduate students, and educators. Learn more about the Deloitte Foundation.
*Please see www.deloitte.com/us/about for a detailed description of their legal structure.