Best Buy announced Tuesday that it has established a new $2.5 million scholarship fund at the University of Minnesota’s Carlson School of Management for students at who plan to pursue “tech-reliant careers in business.”
Beginning with the 2020 academic year, the Best Buy Scholarship will go to as many as 10 students annually, the company said in a news release. It is one of the largest educational endowment gifts the Richfield-based electronics retailer has ever made.
“We know that jobs in management within the tech industry are increasing, so the need to diversify and expand talent is extremely important,” said Andrea Wood, Best Buy’s head of social impact.
In addition to financial support, scholarship recipients will also receive summer internships at Best Buy, a mentor from the company, and opportunities to participate in job shadowing and career fairs, the news release said.