Investment: The Best Buy Scholarship at the University of Minnesota’s Carlson School of Management includes $2.5 million in funding–one of Best Buy’s largest education endowment gifts ever–for students pursuing tech-reliant careers in business.
Impact: The scholarship will support up to an estimated 10 students each year. Potential recipients of the fund include first-generation students and youth from Best Buy Teen Tech Centers, places where teens can develop critical skills through hands-on activities that explore programming, film-making, music production, and design.
Recipients: The inaugural University of Minnesota Best Buy Scholars in 2020 were Isaac Stacey of Minneapolis and Tsion Wogu of St. Paul.
Student opportunities: Best Buy Scholars attend a welcome event in the fall and receive mentorship and internship opportunities within Best Buy. They also have opportunities to attend an executive speaker series and participate in networking events with other young professionals.
Why it matters: “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.” –Andrea Wood, head of Social Impact at Best Buy.
“This endowed gift in support of students is a powerful commitment to the Carlson School and the state of Minnesota. We look forward to realizing the connections Best Buy is committed to making, supporting teens as they pursue higher education opportunities in business and build their careers in this community.” –Sri Zaheer, dean of the Carlson School of Management