Prospanica, The Association of Hispanic MBAs & Business Professionals, is a non-profit organization dedicated to empowering the Hispanic community to achieve their full educational, economic, and social potential. The organization was first formed in 1988 as the National Society of Hispanic MBAs (NSHMBA), but outgrew its original mission and adopted its new name, Prospanica, in 2016. Prospanica’s founders and early supporters acted on their shared vision of creating an organization that would nurture Hispanic students in their efforts to obtain an MBA degree. These pioneers identified the need to develop a pipeline of Hispanic leaders to pursuing an MBA and this became their mission in 1988. Though Hispanics with MBAs had been the sole focus, 2015 marked the year in which Prospanica extended its reach beyond the MBA community to undergraduate students. Prospanica realized that by building Hispanic talent from the ground up they empower business professionals to achieve their full educational, economic, and social potential. Current trends depict that Hispanics are the largest growing minority group, have the highest drop-out rate and are severely underrepresented in professional employment. With Hispanics estimating to account for 60 percent growth of the U.S. population between 2005 and 2050, Prospanica helps empower Hispanics succeed in education and the workforce—an immediate and long-term priority to the nation’s economy
Organization
Prospanica's headquarters are in Dallas, Texas and as of 2023 it has 39 professional chapters and 10 university chapters in the United States and Puerto Rico. The full list of chapters can be found in the external links section.
Prospanica is run nationally by a 7-member board led by a chair. The board member positions are:
National Chair
National Secretary
National Treasurer
National Director/CEO
3 additional National Directors
History
Prospanica, formerly National Society of Hispanic MBAs was founded on March 8, 1988 by a group of Hispanic MBAs led by Henry Hernandez. Their goals was to remedy the lack of representation in the corporate world for Hispanic business leaders, and to reverse the decline of Hispanics enrolled in graduate management education programs throughout the country The founding members spent the next nine months developing the concept for the organization, identifying key partners, and establishing a framework for the organization. The group was then officially launched in January, 1989.
References
External links
Official site
The full list of Professional Chapters: Atlanta Austin Boston Chicago Cincinnati Cleveland Connecticut Dallas-Ft. Worth Denver Detroit El Paso Houston Indianapolis Kansas City Los Angeles Louisville Minneapolis-St. Paul New Jersey New York New Mexico Orange County Oregon Orlando Philadelphia Phoenix Puerto Rico Rio Grande Valley Rochester San Antonio San Diego San Francisco San Jose Seattle [* Tampa Bay Washington DC
The full list of University Chapters: