Best Buy Gift

Steadfast Partner

Sunday, March 29, 2020

Best Buy renews its commitment to the Carlson School through support for students interested in technology.

 

Carlson School students pursuing business careers in tech-reliant fields could soon get a boost, thanks to a new gift from Best Buy.

In October 2019, the electronics retailer announced the $2.5 million Best Buy Scholarship, which will provide financial support for up to 10 students per year, starting fall 2020. It’s one of Best Buy’s largest education endowment gifts—ever.

Best Buy
The $2.5 million Best Buy Scholarship is one of the company’s largest education gifts ever.

“We are thrilled to team up with the Carlson School of Management for this scholarship that supports teens who want to pursue a post-secondary education,” says Andrea Wood, head of social impact at Best Buy. “We know that jobs in management within the tech industry are increasing, so the need to diversify and expand talent is extremely important. This scholarship is just one more way Best Buy is preparing teens for these jobs of the future.”

Recipients of the Best Buy Scholarship will get more than just financial assistance. Each recipient will also have opportunities within the company, including a mentor in their field of interest, a summer internship and the ability to participate in job shadowing, career panels, career fairs, and campus tours.

“This endowed gift in support of students is a powerful commitment to the Carlson School and the state of Minnesota,” says Dean Sri Zaheer. “We look forward to realizing the connections Best Buy is committed to making, supporting teens as they pursue higher education opportunities and build their careers in this community.”

Best Buy’s financial support of the Carlson School goes back more than a quarter century. Since 1994, the company has generously donated more than $4.1 million.

Best Buy’s commitment goes well beyond money. Hundreds of Carlson School alumni proudly call Best Buy their employer, including Whit Alexander, who serves as chief transformation officer. Dozens of employees have continued their education over the past five years by enrolling in the school’s MBA and specialty masters programs.

“We know that jobs in management within the tech industry are increasing, so the need to diversify and expand talent is extremely important.”

– Andrea Wood

Best Buy also provides critical support through its participation on the Carlson School Advisory Board leadership, Enterprise Projects, case study competitions, corporate site visits, and the Corporate Alumni Club. Since 2003, they have provided 43 mentors and 119 classroom speakers.

“We are grateful for the continued support of Best Buy,” says Travis Smith, assistant dean of Institutional Advancement at the Carlson School. “The future of business education is brighter because of their generosity.”

This article appeared in the Spring 2020 alumni magazine

This issue of our alumni magazine focuses on our world, how we take part in it, and how we, as a community, are making it a better place.

Spring 2020 table of contents