MONTVALE, N.J., April 4, 2013 /PRNewswire/ -- The number of doctorally-qualified minority (African-American, Hispanic-American, and Native American) professors at U.S. business schools has quadrupled since 1994, due largely to the efforts of The PhD Project, an award-winning program aimed at increasing diversity in America's business management ranks. The quadrupling occurred recently when Dr. James Alvarez-Mourey received his PhD in Marketing from the University of Michigan and became the 1,176 th minority business professor in the U.S. When The PhD Project started in 1994, there were only 294 doctorally-qualified minority professors in business schools across the Unites States. Dr. Alvarez-Mourey has earned the unofficial title of "Dr. Cuatro." He defended his dissertation: "Like a Cold Glass of Water on a Hot Summer Day: Essays Exploring Differential Sensitivity to Non-conscious Cues in Consumer Contexts" and has accepted a faculty position at DePaul University. "The true beauty of this milestone is that it is an achievement that, quite literally, includes each and every one of us (in The PhD Project) and our respective accomplishments," said Dr. Alvarez-Mourey. "What a great honor it is to be Dr. Cuatro. I am sure I echo the words of many when I say that the support and guidance from friends, mentors, and colleagues in The PhD Project were instrumental in helping me achieve what once seemed impossible for someone in my family. I look forward to giving back as much of myself as I can as we work together to find Dr. Cinco!" "We are proud of Dr. Alvarez-Mourey's personal accomplishment in completing the challenging journey to becoming a professor," said Bernard J. Milano, President of the KPMG Foundation, the creator and lead sponsor of the program. "Moreover, his achievement symbolizes the collective success of nearly nine hundred new minority professors, whom we have recruited, encouraged and supported over the past 19 years. With this milestone, and the generous support of our funders, together we are changing the face of business education forever." The PhD Project, a 501(c) (3) organization that the KPMG Foundation founded in 1994, recruits minority professionals from business into doctoral programs in all business disciplines. Since its inception, The PhD Project has been responsible for the increase in the number of minority business professors from 294 to 1,176. Further, 357 minorities are currently enrolled in doctoral programs, and will take a place at the front of the classroom over the next few years. The Project attacks the root cause of minority under-representation in corporate jobs: historically, very few minority college students study business as an entree to a corporate career. Diversifying the faculty attracts more minorities to study business and better prepares all students to function in a diverse workforce.