Together We RISE, Marsh McLennan Launches a Fellowship Program for Black MBA Students

Rhea-AI Summary

Marsh McLennan (NYSE: MMC) has launched RISE, a unique global MBA fellowship program in partnership with the National Black MBA Association and Fisk University, aimed at promoting racial inclusion and social equity. Targeting second-year Black MBA candidates in the US, UK, and Canada, the initiative is designed to enhance business acumen and advocate for social justice. Starting in September 2021, the program includes a practical curriculum, mentorship from industry leaders, and an immersive experience at Fisk University. The launch coincides with Marsh McLennan's 150th anniversary.

Positive

• Launch of RISE fellowship program aimed at promoting diversity and social equity.
• Collaboration with established institutions like Fisk University and NBMBAA.
• Provides mentorship and practical business curriculum for participants.
• Aligns with Marsh McLennan's commitment to responsible capitalism.

Negative

• None.

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today announced the launch of RISE, a global MBA fellowship program in partnership with the National Black MBA Association® (NBMBAA) and Fisk University.

A first-of-its-kind program, RISE, which stands for racial inclusion and social equity, will provide second-year Black MBA candidates and graduates in the US, UK and Canada with an enriching curriculum of practical business knowledge and tools for advocating for social justice within a business environment. The program is being launched in celebration of Marsh McLennan’s 150^th anniversary. The first cohort will begin their fellowship in September 2021, completing the program in May 2022.

“We’re committed to the principle of responsible capitalism and doing business in ways that generate a more just and compassionate world,” said Dan Glaser, President & CEO, Marsh McLennan. “RISE will help us form a more diverse, inclusive and vibrant Marsh McLennan and professional services industry.”

As part of RISE, Marsh McLennan’s Executive Committee will participate in an intensive social justice module at Fisk University. “Our leaders are committed to cultivating a culture in which different experiences and perspectives are valued and celebrated,” said Carmen Fernandez, Senior Vice President & Chief People Officer, Marsh McLennan. “The RISE executive module will immerse our leaders in a social justice agenda, helping them more fully embrace their roles as inclusive leaders.”

“Every successful business leader needs to understand the dynamics of risk, people and strategy issues. Increasingly they need to be fluent in the intersection of business and social justice as well,” said Nzinga Shaw, Chief Inclusion & Diversity Officer, Marsh McLennan. “Through RISE, we hope to foster a new generation of executives who will forge a leadership path in business and make our industries more equitable.”

The fellows will participate in an immersive social justice program through the John Lewis Center for Social Justice at Fisk University, one of the nation’s historically Black colleges and the oldest institution of higher learning in Nashville, Tennessee, followed by an eight-month paid fellowship incorporating thought-leadership and mentorship from Marsh McLennan executives and NBMBAA leaders. Upon completion of the program, the fellows will be expected to complete an assessment of their observations and how they envision their role in continuing to promote an agenda of social justice.

“Our young prospective members are among the sharpest business minds in the country, and any organization that invests in their success is sure to see an impressive return,” said Joe Handy, President and CEO of NBMBAA. “We are grateful to Marsh McLennan and Fisk University for their cooperation in making this program a reality, and excited to see the benefits it produces.”

“Black MBA candidates have a rich set of experiences to bring to the professional services sector,” said Vann Newkirk, Sr., President of Fisk University. “It will be exciting to see how these cohorts of fellows implement a social justice agenda within their careers and beyond. It is wonderful to see companies like Marsh McLennan taking a leadership role and partnering with Fisk University to address the next generation of diverse C-suite and executive leaders.”

Through its Leading the Change initiative, Marsh McLennan is helping its diverse talent thrive. The Company also recently committed $5 million to support select organizations that advocate for the Black community and doubled its match for colleague donations made to organizations working towards this cause.

Students interested in learning more or applying to the fellowship can visit http://mmc.com/rise for more information.

About Marsh McLennan

Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 76,000 colleagues advise clients in 130 countries. With annual revenue of $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.

ABOUT NBMBAA®

NBMBAA® is a non-profit, 501(c)(3) member-based professional organization which leads in the creation of educational, wealth building and growth opportunities for black students, professionals and entrepreneurs. Representing more than 20,000 members, 40 professional and 33 Leaders of Tomorrow® chapters, and over 500 corporate, academic and non-profit partners, the Association is dedicated to developing alliances that create intellectual and economic wealth in the Black community through its five channels of engagement: career, education, entrepreneurship, leadership and lifestyle. To learn more about NBMBAA, please go to: nbmbaa.org, follow us on LinkedIn, Instagram, Facebook and Twitter.

About Fisk University

Founded in 1866, Fisk University is a private, liberal arts university located in Nashville, Tennessee. Consistently recognized for its brand of academic excellence, Fisk is ranked No. 6 on the Top 10 Historically Black Colleges and Universities (HBCU) in the 2019 U.S. News & World Report. Fisk ranked No. 1 in the nation among HBCUs for social mobility and No. 3 in the nation among small liberal arts colleges for research expenditures in the 2018 Washington Monthly rankings. Fisk University’s focus has always been on student success and outcomes. Fisk excels at preparing its highly motivated student body for prosperous professional careers and elite graduate schools. From the classroom to the boardroom, a Fisk education gives students the tools to turn their passions into careers and prepare them to make a difference in their own lives, communities, and around the world. To learn more about Fisk University, please visit www.fisk.edu.

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FAQ

What is Marsh McLennan's new RISE program?

RISE is a global MBA fellowship program launched by Marsh McLennan, targeting second-year Black MBA candidates to promote racial inclusion and social equity.

When does the RISE fellowship program start?

The first cohort of the RISE fellowship program will begin in September 2021.

Who is partnering with Marsh McLennan for the RISE program?

The RISE program is launched in partnership with the National Black MBA Association and Fisk University.

What are the objectives of the RISE fellowship program?

The program aims to provide practical business knowledge and tools for advocating social justice within a business context.

How does RISE benefit participants?

Participants will receive mentorship from Marsh McLennan executives and gain valuable insights into addressing social justice and diversity in business.