Deloitte and Loyola Marymount University create MST scholarship
Loyola Marymount University and Deloitte today announced the Deloitte Tax Diversity Scholarship to help fund tuition for ethnically and racially diverse students seeking a Master of Science in Taxation from LMU College of Business Administration.
Through the Deloitte Tax Diversity Scholarship – in which selected students will have half of their tuition paid by Deloitte and the other half paid by LMU – Deloitte hopes to ease the financial burden of pursuing a degree in taxation, with the aim of opening doors that previously might have remained closed to students of various races and ethnicities.
“There is a huge demand in the accounting profession today for tax talent, but in my experience I have observed that many Native American, Latino and Black students are often unaware of the career paths offered by a degree in accounting or think the hurdles are too formidable,” said Stephen Metoyer, Director of Diversity, Equity and Inclusion, Deloitte Tax LLP. “By establishing the Deloitte Tax Diversity Fellowship at LMU, we hope strengthen the pool of racially and ethnically diverse professionals seeking careers in tax while enabling them to network and build relationships with members of the Deloitte community.”
This scholarship is part of the larger Deloitte Tax Scholars initiative through which Deloitte has had tremendous success working with Historically Black Colleges and Universities (HBCUs) to increase the number of diverse students pursuing careers in tax. Since many HBCUs are located on the East Coast, Deloitte is excited about the opportunity to partner with LMU to offer similar scholarship support in the West Region.
“National hiring and promotion data demonstrates a lack of diversity in the accountancy profession, and the numbers are particularly stark for Black/African American and Hispanic/Latino/Latina communities,” said Lawrence Kalbers, Associate Dean. of the LMU College of Business Administration faculty and academic programs and R. Chad Dreier Chair in Accounting Ethics. “The goal of integrating LMU’s new master’s program with the Deloitte Fellowship is to increase access, improve skills and knowledge, and enhance career opportunities for participants. LMU’s location in the culturally and ethnically diverse city of Los Angeles, and its proximity to Hispanic institutions in LA and the West Coast, make it ideal for creating a new pathway for underrepresented students interested in the profession.
Today’s announcement, which follows the announcement of a similar purpose scholarship donation to Louisiana Tech University, complements the investments Deloitte has made to date through its initiative Making Accounting Diverse and Equitable (MADE) to remove key barriers faced by racially and ethnically diverse students, grow the diverse talent population, and create more leadership pathways for the next generation of CPAs ( CPA).
Students who wish to learn more about the program requirements can do so here.